Carolinas Credit Union Foundation Inc

Analysis

Carolinas Credit Union Foundation Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Carolinas Credit Union Foundation Inc reported income of $4.4m and spending of $3.8m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.4m (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carolinas Credit Union Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Accrediting Commission for Community and Junior Colleges Wasc ($4.4m), Childrens Day School Inc ($4.4m) and Association of College Unions- International ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $240k. At year end it held assets of $5.2m against liabilities of $87k, net assets of $5.1m. It reported 4 employees.