South Carolina Technical College System Foundation

Analysis

South Carolina Technical College System Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, South Carolina Technical College System Foundation reported income of $628k and spending of $417k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $39k to $628k (+1498%), an average of +100% a year. The sharpest change came in the year to June 2024, when income rose by 457%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Carolina Technical College System Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Association of China and Mongolia International Schools Inc ($628k), The Tennessee State University National Alumni Association ($628k) and Northland Pioneer College Friends and Family Inc ($628k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $859k against liabilities of $13k, net assets of $846k.