Scottish Society of Charleston Inc

Analysis

Scottish Society of Charleston Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Scottish Society of Charleston Inc reported income of $252k and spending of $320k, spending 127% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $233k to $252k (+8.0%), an average of +3.9% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Scottish Society of Charleston Inc sits at the 65th percentile: it is larger than about 65% 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 Folklore Society of Greater Washington ($252k), Pastel Society of America Inc ($252k) and Athena Rapid Response Innovation Lab ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $7,797 against liabilities of $4,486, net assets of $3,311.