Tri County Regional Development Corporation

Analysis

Tri County Regional Development Corporation is a registered charity in United States, based in Georgetown, SC. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Tri County Regional Development Corporation reported income of $55k and spending of $145k, spending 266% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $323k to $55k (-83%), an average of -36% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tri County Regional Development Corporation sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within SC. Charities of a similar size with the same main cause include Columbia Homes for Elderly Inc ($55k), Bethel Towers Inc ($55k) and Albertville Housing Development Corporation ($55k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $854k against liabilities of $451k, net assets of $403k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.