University School of the Lowcountry

Analysis

University School of the Lowcountry is a registered charity in United States, based in Mt Pleasant, SC. It received its IRS tax-exemption ruling in January 2009, 17 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, University School of the Lowcountry reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University School of the Lowcountry sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Gripp Memorial Youth Foundation Inc ($1.4m), Communities in Schools Chesterfield ($1.4m) and Veritas Baptist College Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $114k (8.3% of expenses). Other salaries and wages came to $696k. At year end it held assets of $872k against liabilities of $586k, net assets of $286k. It reported 29 employees.