Health Sciences South Carolina

Analysis

Health Sciences South Carolina is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Health Sciences South Carolina reported income of $56.6m and spending of $56.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $235.5m to $56.6m (-76%), an average of -30% a year. The sharpest change came in the year to June 2023, when income dropped by 62%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Health Sciences South Carolina sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Windber Hospital Inc ($56.5m), West Hawaii Community Health Center Inc ($56.6m) and Thedacare Medical Center-Waupaca Inc ($56.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $839k (1.5% of expenses). Other salaries and wages came to $382k. At year end it held assets of $4.0m against liabilities of $4.0m, net assets of $0. It reported 7 employees.