South Carolina Federation of Music Clubs

Analysis

South Carolina Federation of Music Clubs is a registered charity in United States, based in Enoree, SC. It received its IRS tax-exemption ruling in July 1968, 58 years ago. 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 2024, South Carolina Federation of Music Clubs reported income of $62k and spending of $31k, leaving 50% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $37k to $62k (+69%), an average of +30% a year. The sharpest change came in the year to June 2024, when income rose by 56%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina Federation of Music Clubs sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 31st percentile within SC. Charities of a similar size with the same main cause include Cystic Fibrosis Association of Erie County ($62k), Izaak Walton League of America Inc ($62k) and International Congress of Churches and Ministers ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 29% of the total. At year end it held assets of $383k against liabilities of $0, net assets of $383k.