South Carolina State University Foundation Inc

Analysis

South Carolina State University Foundation Inc is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in September 1971, 55 years ago. 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, South Carolina State University Foundation Inc reported income of $5.0m and spending of $3.8m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $5.0m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina State University Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Rex Healthcare Inc ($4.9m), New York Lawyers for the Public Interest Inc ($5.0m) and Jesus Provides Our Daily Bread ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $301k. At year end it held assets of $18.9m against liabilities of $235k, net assets of $18.7m. It reported 5 employees.