Lowcountry Local First

Analysis

Lowcountry Local First is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in July 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lowcountry Local First reported income of $1.2m and spending of $1.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $920k to $1.2m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lowcountry Local First sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Institute for Workforce Excellence Inc ($1.2m), Woodlands Community Lenders ($1.2m) and Lake Area Improvement Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $113k (9.3% of expenses). Other salaries and wages came to $442k. At year end it held assets of $1.5m against liabilities of $885k, net assets of $646k. It reported 15 employees.