City of Anderson Public Facilities Corporation

Analysis

City of Anderson Public Facilities Corporation is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, City of Anderson Public Facilities Corporation reported income of $532k and spending of $411k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $260 to $532k (+204366%), an average of +1169% a year. The sharpest change came in the year to June 2022, when income rose by 1823322%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, City of Anderson Public Facilities Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include United Church Residences of Jackson Mississippi Inc ($532k), Citizens United to Protect the Maurice River and Its Tributaries ($532k) and Church Women United ($531k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $10.2m against liabilities of $6.2m, net assets of $4.0m.