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South Carolina · Nonprofit

CHARLESTON DIGITAL CORRIDOR FOUNDATION

CHARLESTON DIGITAL CORRIDOR FOUNDATION (South Carolina) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being COMMUNITY FOUNDATION OF W GEORGIA ($10,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$2.4M
Funders on record
1
Grants received
$10k
Net assets
$4.9M
0/1 repeat funderspeak grant-dependency 1%
01What it does

What Charleston Digital Corridor Foundation does

Mission

To attract, nurture, and promote charleston's tech economy.

As stated on its FY2024 Form 990.

Programs

  1. The flagship is a full-service tech focused business incubator. This facility and its 4 predecessors have facilitated the development of approximately 150 tech businesses in the charleston region.

    $1,047,756 spent$972,918 earned by the program
    99% of program spending
  2. In an effort to stimulate the inclusion of under-represented entrepreneurs and business professionals within charleston's tech community, the charleston digital corridor offers entrepreneurs an array of curated business resources, mentorship and education along with no-cost usage of workspace at the charleston tech center. Applicants are considered on a year-round basis.

    $9,320 spent$11,775 earned by the program
    1% of program spending

The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $1,057,076.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($1.2M) Expenses 100 ($751k) Net assets 100 ($1.4M)2018 Revenue 84 ($1.0M) Expenses 112 ($843k) Net assets 108 ($1.5M)2019 Revenue 134 ($1.6M) Expenses 141 ($1.1M) Net assets 150 ($2.0M)2020 Revenue 121 ($1.5M) Expenses 152 ($1.1M) Net assets 174 ($2.4M)2021 Revenue 153 ($1.9M) Expenses 160 ($1.2M) Net assets 222 ($3.0M)2022 Revenue 149 ($1.8M) Expenses 209 ($1.6M) Net assets 240 ($3.2M)2023 Revenue 187 ($2.3M) Expenses 198 ($1.5M) Net assets 300 ($4.1M)2024 Revenue 198 ($2.4M) Expenses 216 ($1.6M) Net assets 358 ($4.9M)
'17'18'19'20'21'22'23'24
Revenue (198)Expenses (216)Net assets (358)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $4.2M to $5.0M (+19%).

$1.4M
$1.5M
$2.1M
$2.5M
$3.1M
$3.4M
$4.2M
$5.0M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 21% · 2018 34% · 2019 30% · 2020 44% · 2021 33% · 2022 24% · 2023 24% · 2024 34%. Grants only. Government contracts and fees sit inside program revenue.

44% of CHARLESTON DIGITAL CORRIDOR FOUNDATION’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).

This organization
Typical peer · 4,434 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.

$463k
’17
$178k
’18
$563k
’19
$327k
’20
$653k
’21
$235k
’22
$791k
’23
$782k
’24
1.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Ernest Andrade

Executive director

Board chair

Todd Lant

Chairman

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24
Listed88988888
Joined·+2+1+1+0+3+4+3
No longer listed·2020343
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'19
total
funders
1

1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of CHARLESTON DIGITAL CORRIDOR FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of CHARLESTON DIGITAL CORRIDOR FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.

Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CHARLESTON DIGITAL CORRIDOR FOUNDATION runs a healthier operating margin than three-quarters of the 4,203 community improvement nonprofits its size.

Operating margin33% · top quartile
Months of reserve1.3mo · bottom quartile
Revenue growth (annualized)10% · above the median

this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024

Organizations like CHARLESTON DIGITAL CORRIDOR FOUNDATION

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In South Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

86% of spending goes to programs.

Program 86%Management 11%Fundraising 3%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Files a return copy in 1 state

SC

Part of a family of 1 related entity

  • CDC Education Foundation · exempt

Screen this organization

A dated, signed PDF of the compliance screen for CHARLESTON DIGITAL CORRIDOR FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CHARLESTON DIGITAL CORRIDOR FOUNDATION?
CHARLESTON DIGITAL CORRIDOR FOUNDATION (South Carolina) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being COMMUNITY FOUNDATION OF W GEORGIA ($10,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does CHARLESTON DIGITAL CORRIDOR FOUNDATION have?
IRS filings report 1 organization giving $10,000 in grants to CHARLESTON DIGITAL CORRIDOR FOUNDATION.
Who is the largest funder of CHARLESTON DIGITAL CORRIDOR FOUNDATION?
COMMUNITY FOUNDATION OF W GEORGIA is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
How can an organization like CHARLESTON DIGITAL CORRIDOR FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in South Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing