Southern Methodist College

Analysis

Southern Methodist College is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Southern Methodist College reported income of $164k and spending of $143k, spending 87% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $204k to $164k (-20%), an average of -5.3% a year. The sharpest change came in the year to May 2024, when income rose by 38%. 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, Southern Methodist College sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Sunnymont Westside Nursery School ($164k), Kirkland Preschool ($164k) and Monarca Montessori Network ($164k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 59% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $29k (21% of expenses). Other salaries and wages came to $34k. At year end it held assets of $477k against liabilities of $805, net assets of $477k. It reported 8 employees.