Friends of the Hunley Inc

Analysis

Friends of the Hunley Inc is a registered charity in United States, based in North Charleston, SC. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Friends of the Hunley Inc reported income of $720k and spending of $720k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $837k to $720k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Hunley Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Uss Silversides Submarines Museum ($720k), Nuyorican Poets Cafe Inc ($720k) and Vibe Theater Experience ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. It paid $26k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $760k, net assets of $636k.