Spartanburg County Foundation

Analysis

Spartanburg County Foundation is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in September 1948, 78 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Spartanburg County Foundation reported income of $54.2m and spending of $33.2m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.8m to $54.2m (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Spartanburg County Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Nexus Community Partners ($54.2m), Baton Rouge Area Foundation ($54.6m) and Jgive-Friends of Asor Fund USA Inc ($53.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $382k (1.2% of expenses). Other salaries and wages came to $843k. At year end it held assets of $224.7m against liabilities of $6.8m, net assets of $217.9m. It reported 22 employees.