Good Friends of Georgetown

Analysis

Good Friends of Georgetown is a registered charity in United States, based in Pawleys Isl, SC. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Good Friends of Georgetown reported income of $98k and spending of $113k, spending 116% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $217k to $98k (-55%), an average of -23% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Good Friends of Georgetown sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 42nd percentile within SC. Charities of a similar size with the same main cause include Butler Hospital Foundation ($98k), Rabbonis Love Inc ($98k) and Noshad Shakawat Foundation Inc ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $283k against liabilities of $0, net assets of $283k.