The Educational Foundation of the University of South Carolina Lanca

Analysis

The Educational Foundation of the University of South Carolina Lanca is a registered charity in United States, based in Lancaster, SC. It received its IRS tax-exemption ruling in April 1964, 62 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 June 2023, The Educational Foundation of the University of South Carolina Lanca reported income of $1.7m and spending of $1.1m, leaving 34% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.7m (-6.0%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Educational Foundation of the University of South Carolina Lanca sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Handicare Inc ($1.7m), Hky Kol Yaakab Inc ($1.7m) and Community Christian Academy Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $18.3m against liabilities of $1.7m, net assets of $16.5m.