South Carolina Connections Academy Inc

Analysis

South Carolina Connections Academy Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, South Carolina Connections Academy Inc reported income of $58.3m and spending of $52.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $39.1m to $58.3m (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Carolina Connections Academy Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Heartland Charter School ($58.3m), Ics Support Organization Inc ($58.3m) and Ecmc Foundation ($58.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15.1m. At year end it held assets of $25.7m against liabilities of $11.1m, net assets of $14.6m.