Etv Endowment of South Carolina Inc

Analysis

Etv Endowment of South Carolina Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Etv Endowment of South Carolina Inc reported income of $14.0m and spending of $11.0m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $10.4m to $14.0m (+35%), an average of +7.8% a year. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Etv Endowment of South Carolina Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include American Economic Association Inc ($14.0m), Columbus Symphony Orchestra Inc ($14.0m) and Buffalo Philharmonic Orchestra Society Inc ($14.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $467k (4.2% of expenses). Other salaries and wages came to $595k. It paid $19k in professional fundraising fees. At year end it held assets of $38.2m against liabilities of $2.6m, net assets of $35.6m. It reported 25 employees.