Scago Educational Facilities Corporation for Colleton School Di

Analysis

Scago Educational Facilities Corporation for Colleton School Di is a registered charity in United States, based in Walterboro, SC. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Scago Educational Facilities Corporation for Colleton School Di reported income of $1.7m and spending of $2.5m, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $1.7m (-45%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 488%. Over the whole period it spent 148% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scago Educational Facilities Corporation for Colleton School Di sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Ann Arbor Academy Inc ($1.7m), Imagination Lab School ($1.7m) and Child Care and Learning Center ($1.7m).

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 $44.7m against liabilities of $48.8m, net assets of -$4.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.