Francis Marion University Education Foundation

Analysis

Francis Marion University Education Foundation is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in February 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Francis Marion University Education Foundation reported income of $6.8m and spending of $3.4m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $6.8m (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Francis Marion University Education Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Tyler Junior College Foundation ($6.8m), Her Justice Inc ($6.8m) and Hope Academy Charter School ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $560k (17% of expenses). Other salaries and wages came to $204k. At year end it held assets of $52.5m against liabilities of $994k, net assets of $51.5m. It reported 1 employees.