South Carolina United Methodist Foundation

Analysis

South Carolina United Methodist Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 1979, 47 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Carolina United Methodist Foundation reported income of $1.0m and spending of $752k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.0m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to June 2022, when income rose by 168%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina United Methodist Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Sunnyside Foundation Inc ($1.0m), Lucille Raines Residence Inc ($1.0m) and Miami Beach Watersports Center Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $146k (19% of expenses). Other salaries and wages came to $56k. At year end it held assets of $27.8m against liabilities of $10.0m, net assets of $17.8m. It reported 2 employees.