Our Upstate-Sc

Analysis

Our Upstate-Sc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in December 2011, 15 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, Our Upstate-Sc reported income of $1.2m and spending of $1.4m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $1.2m (+317%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 249%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Our Upstate-Sc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include The Carolinas Gateway Partnership Inc ($1.2m), Womens Employment Network ($1.2m) and Rehabilitation Center and Workshop Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (5.2% of expenses). Other salaries and wages came to $202k. At year end it held assets of $46k against liabilities of $0, net assets of $46k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.