Babcock Center Inc

Analysis

Babcock Center Inc is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in October 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Babcock Center Inc reported income of $40.7m and spending of $40.3m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $38.8m to $40.7m (+4.8%), an average of +1.2% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Babcock Center Inc 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 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include United Methodist Family Services of Virginia ($40.7m), Center for Youth and Family Solutions ($40.7m) and Gemma Services ($40.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Other salaries and wages came to $26.4m. At year end it held assets of $22.5m against liabilities of $5.0m, net assets of $17.5m. It reported 1,051 employees.