South Carolina I-77 Alliance

Analysis

South Carolina I-77 Alliance is a registered charity in United States, based in Richburg, SC. It received its IRS tax-exemption ruling in October 2014, 12 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 June 2023, South Carolina I-77 Alliance reported income of $1.5m and spending of $1.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.5m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income rose by 212%. Over the whole period it spent 85% 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 I-77 Alliance sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include South Jersey Technology Park at Rowan University ($1.5m), International Workers Compensation Foundation Inc ($1.5m) and The-Philadelphia Poverty Action Fund ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $224k (13% of expenses). At year end it held assets of $4.6m against liabilities of $71k, net assets of $4.5m.