Flourishing Families of South Carolina

Analysis

Flourishing Families of South Carolina is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, Flourishing Families of South Carolina reported income of $924k and spending of $681k, leaving 26% of income unspent that year. Across the 2 years on record, from October 2022 to October 2023, income grew from $320k to $924k (+189%), an average of +189% a year. The sharpest change came in the year to October 2023, when income rose by 189%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Flourishing Families of South Carolina sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Lighthouse Charities Inc ($924k), Society of St Vincent de Paul Northeast Ohio District Council in ($924k) and Cumberland Community Options Inc ($924k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $88k (13% of expenses). Other salaries and wages came to $372k. At year end it held assets of $306k against liabilities of $8,881, net assets of $297k.