Charleston Leaders Foundation Inc

Analysis

Charleston Leaders Foundation Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in June 2018, 8 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 December 2023, Charleston Leaders Foundation Inc reported income of $146k and spending of $111k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $146k (+121%), an average of +121% a year. The sharpest change came in the year to December 2023, when income rose by 121%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Charleston Leaders Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 52nd percentile within SC. Charities of a similar size with the same main cause include Valley Venture Mentoring Service Inc ($146k), Junior League of Riverside ($146k) and Lebanon Valley Rails-To-Trails Inc ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $33k against liabilities of $82k, net assets of -$48k.