South Carolina Independent Colleges and Universities Inc

Analysis

South Carolina Independent Colleges and Universities Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 1955, 71 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 August 2023, South Carolina Independent Colleges and Universities Inc reported income of $1.2m and spending of $1.4m, spending 116% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.3m to $1.2m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to August 2022, when income dropped by 28%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Carolina Independent Colleges and Universities Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Summit Education Initiative ($1.2m), Eno River Academy Holdings Inc ($1.2m) and New York State Network for Youth Success Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $200k (14% of expenses). Other salaries and wages came to $235k. At year end it held assets of $4.9m against liabilities of $0, net assets of $4.9m. It reported 4 employees.