University of South Carolina Business Partnership Foundation

Analysis

University of South Carolina Business Partnership Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in October 1969, 57 years ago. 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, University of South Carolina Business Partnership Foundation reported income of $15.0m and spending of $12.0m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.7m to $15.0m (+8.8%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of South Carolina Business Partnership Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Pikes Peak Hospice and Palliative Care Inc ($15.0m), Augustus & James Corporation ($15.0m) and Ronald McDonald House Charities of St Louis ($14.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $426k (3.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $142.1m against liabilities of $677k, net assets of $141.4m. It reported 16 employees.