South Carolina State University Real Estate Foundation Inc

Analysis

South Carolina State University Real Estate Foundation Inc is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Carolina State University Real Estate Foundation Inc reported income of $3.2m and spending of $2.7m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.2m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Carolina State University Real Estate Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Lionheart Classical Academy Chartered Public School ($3.2m), Yellowstone Education Foundation ($3.2m) and Eugene Christian School ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $131k (4.8% of expenses). Other salaries and wages came to $364k. At year end it held assets of $7.0m against liabilities of $6.8m, net assets of $209k. It reported 21 employees.