University of South Carolina Upstate Foundation

Analysis

University of South Carolina Upstate Foundation is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in August 1973, 53 years ago. 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, University of South Carolina Upstate Foundation reported income of $1.2m and spending of $1.9m, spending 163% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.2m (-2.3%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of South Carolina Upstate Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Ukiah Autumn Leaves ($1.2m), The San Jose Sports Authority ($1.2m) and Boucher Apartments Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17.5m against liabilities of $383k, net assets of $17.1m.