Helping Florence Flourish

Analysis

Helping Florence Flourish is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in December 2019, 7 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 (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, Helping Florence Flourish reported income of $328k and spending of $358k, spending 109% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $143k to $328k (+130%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 185%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Helping Florence Flourish sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include West End Revitalization Association ($328k), Central Texas Philharmonic Inc ($328k) and Conway Downtown Alive Inc ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $104k (29% of expenses). At year end it held assets of $115k against liabilities of $1,724, net assets of $113k.