Scago Educational Facilities Corporation for Sumter 17 School D

Analysis

Scago Educational Facilities Corporation for Sumter 17 School D is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in March 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 Sumter 17 School D reported income of $823k and spending of $837k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $823k (-30%), an average of -8.7% a year. The sharpest change came in the year to June 2023, when income dropped by 15%. Over the whole period it spent 100% 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 Sumter 17 School D sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include American Indian Chamber Education Fund ($823k), Wise Alliance ($824k) and Accelerated Schools ($823k).

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 $23.5m against liabilities of $22.4m, net assets of $1.2m.

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.