Exchange Club of Kiawah-Seabrook Foundation

Analysis

Exchange Club of Kiawah-Seabrook Foundation is a registered charity in United States, based in Johns Island, SC. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Exchange Club of Kiawah-Seabrook Foundation reported income of $74k and spending of $97k, spending 131% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $113k to $74k (-35%), an average of -35% a year. The sharpest change came in the year to June 2024, when income dropped by 35%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Exchange Club of Kiawah-Seabrook Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 35th percentile within SC. Charities of a similar size with the same main cause include Nazareth Downtown Association Inc ($74k), Folwell Neighborhood Association ($74k) and Lumberton Economic Advancement for Downtown Inc ($74k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 33% of the total. At year end it held assets of $47k against liabilities of $30k, net assets of $18k.