Partnership Grand Strand

Analysis

Partnership Grand Strand is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in April 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Partnership Grand Strand reported income of $552k and spending of $1.0m, spending 186% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $2.2m to $552k (-75%), an average of -50% a year. The sharpest change came in the year to June 2024, when income dropped by 55%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partnership Grand Strand 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 72nd percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include Foundation of the Women Presidents Organization Inc ($552k), Mountain Valley Economic Opportunity Authority ($553k) and Rebuild Johnston Square Neighborhood Organization Inc ($552k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $376k. At year end it held assets of $1.9m against liabilities of $5,567, net assets of $1.9m. It reported 6 employees.