Why Not Charleston

Analysis

Why Not Charleston is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Why Not Charleston reported income of $132k and spending of $133k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $140k to $132k (-5.6%), an average of -5.6% a year. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Why Not Charleston sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within SC. Charities of a similar size with the same main cause include Iglesia Evangelica Dios Es Amor Inc ($132k), Justice Organizing Interfaith Network ($132k) and Legion of Christ the King Inc ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.