Charleston Resturant Foundation Inc

Analysis

Charleston Resturant Foundation Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in May 2012, 14 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 June 2024, Charleston Resturant Foundation Inc reported income of $152k and spending of $130k, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $36k to $152k (+319%), an average of +33% a year. The sharpest change came in the year to June 2021, when income dropped by 117%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charleston Resturant Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within SC. Charities of a similar size with the same main cause include Alexs Team Foundation Inc ($152k), Ensign Partners Foundation Inc ($152k) and Beacon Community Foundation Inc ($152k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% of the total. At year end it held assets of $224k against liabilities of $63k, net assets of $160k.