Scbma

Analysis

Scbma is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in January 1961, 65 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 September 2023, Scbma reported income of $27.7m and spending of $30.4m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $22.0m to $27.7m (+26%), an average of +6.0% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Scbma sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Lift Community Action Agency Inc ($27.7m), Massachusetts Housing and Shelter Alliance Inc ($27.8m) and Second Harvest Food Bank Santa Cruz County ($27.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $862k (2.8% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $53.2m against liabilities of $22.1m, net assets of $31.1m. It reported 579 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.