Beaufort Charities Inc

Analysis

Beaufort Charities Inc is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in February 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Beaufort Charities Inc reported income of $84k and spending of $128k, spending 153% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income grew from $59k to $84k (+41%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 264%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beaufort Charities Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 38th percentile within SC. Charities of a similar size with the same main cause include American Malacological Society ($84k), Brendon P Bachelor Foundation for Sports and Education ($84k) and Rip City Riders ($84k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $108k against liabilities of $4,770, net assets of $103k.