University of South Carolina Alumni Association

Analysis

University of South Carolina Alumni Association is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, University of South Carolina Alumni Association reported income of $5.3m and spending of $4.7m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.3m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2020, when income rose by 50%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of South Carolina Alumni Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Texas State University Development Foundation ($5.3m), A Step Up Academy Inc ($5.3m) and South Peninsula Hebrew Day School ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $469k (9.9% of expenses). Other salaries and wages came to $668k. At year end it held assets of $20.6m against liabilities of $3.5m, net assets of $17.2m. It reported 21 employees.