Associated Industries of South Carolina Foundation Inc

Analysis

Associated Industries of South Carolina Foundation Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Associated Industries of South Carolina Foundation Inc reported income of $227k and spending of $79k, leaving 65% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.2m to $227k (-82%), an average of -43% a year. The sharpest change came in the year to December 2021, when income dropped by 67%. Over the whole period it spent 62% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Associated Industries of South Carolina Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include Halifax Fire Department ($227k), Cit Utah Inc ($227k) and Smithtown Fire Department Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $863k against liabilities of $0, net assets of $863k.