South Carolina Medical Association Foundation

Analysis

South Carolina Medical Association Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 1977, 49 years ago. 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 June 2023, South Carolina Medical Association Foundation reported income of $1.2m and spending of $954k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.2m (-1.8%), an average of -0.5% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina Medical Association Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include JFT Recovery and Veterans Support Services ($1.2m), Habitat for Humanity International Inc ($1.2m) and Chenango Nursery School Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.0m against liabilities of $8.4m, net assets of -$5.4m.