Lowcountry Food Bank Foundation

Analysis

Lowcountry Food Bank Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2023, Lowcountry Food Bank Foundation reported income of $483k and spending of $52k, leaving 89% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.1m to $483k (-57%), an average of -34% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 5.6% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lowcountry Food Bank Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include World of God ($483k), Kenny Family Foundation ($483k) and Alternatives in Motion ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.8m against liabilities of $504, net assets of $1.8m.