South Carolina Federal Credit Union Foundation

Analysis

South Carolina Federal Credit Union Foundation is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Federal Credit Union Foundation reported income of $247k and spending of $276k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $247k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, South Carolina Federal Credit Union Foundation 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 58th percentile, and in the 63rd percentile within SC. Charities of a similar size with the same main cause include National Association of Charitable Gift Planners ($247k), Manhasset Community Fund Inc ($247k) and Sucede Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $264k against liabilities of $17k, net assets of $247k.