South Carolina Equine Promotion Foundation Inc

Analysis

South Carolina Equine Promotion Foundation Inc is a registered charity in United States, based in Camden, SC. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Equine Promotion Foundation Inc reported income of $375k and spending of $431k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $375k (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Carolina Equine Promotion Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include Osei Foundation-Public Charity Inc ($375k), Mishicot Area Growth and Improvement Committee Inc ($375k) and Franklinton Special Improvement District of Columbus ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $58k. At year end it held assets of $862k against liabilities of $67k, net assets of $794k. It reported 5 employees.