Chesterfield-Marlboro Counties Economic Opportunity Council Inc

Analysis

Chesterfield-Marlboro Counties Economic Opportunity Council Inc is a registered charity in United States, based in Cheraw, SC. It received its IRS tax-exemption ruling in January 1967, 59 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Chesterfield-Marlboro Counties Economic Opportunity Council Inc reported income of $5.9m and spending of $6.8m, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $5.9m to $5.9m (+0.1%), an average of +0.0% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chesterfield-Marlboro Counties Economic Opportunity Council Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Texas Economic Development Corporation ($5.9m), Choicelight Inc ($5.9m) and Maryland Association of Non-Profit Organizations Inc ($5.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $3.0m against liabilities of $410k, net assets of $2.6m. It reported 76 employees.