Presbyterian Communities of South Carolina

Analysis

Presbyterian Communities of South Carolina is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in November 1959, 67 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Presbyterian Communities of South Carolina reported income of $76.9m and spending of $79.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $59.4m to $76.9m (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Communities of South Carolina sits at the 99th percentile: it is one of the largest 1% in its cause. 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 California Association of Food Banks ($76.8m), Community Action Corporation of South Texas ($77.2m) and Westminster-Canterbury on Chesapeake Bay ($76.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $660k (0.8% of expenses). Other salaries and wages came to $32.3m. At year end it held assets of $169.3m against liabilities of $142.1m, net assets of $27.1m. It reported 1,717 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.