Terrence F Carraway Foundation

Analysis

Terrence F Carraway Foundation is a registered charity in United States, based in Darlington, SC. It received its IRS tax-exemption ruling in August 2019, 7 years ago. 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 September 2023, Terrence F Carraway Foundation reported income of $142k and spending of $105k, leaving 26% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $61k to $142k (+132%), an average of +132% a year. The sharpest change came in the year to September 2023, when income rose by 132%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Terrence F Carraway Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within SC. Charities of a similar size with the same main cause include Forward Motion Social Justice Institute ($142k), Merc Playhouse Society ($142k) and Newport Service Organization ($142k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $365k against liabilities of $150k, net assets of $214k.