Childrens Center at Usc

Analysis

Childrens Center at Usc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Center at Usc reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.6m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Center at Usc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Connect Foundation ($2.6m), Lakeside Christian School Inc ($2.6m) and Digitallift US ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.

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.