University of South Carolina School of Medicine Educational Trust

Analysis

University of South Carolina School of Medicine Educational Trust is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, University of South Carolina School of Medicine Educational Trust reported income of $40.1m and spending of $40.6m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $43.2m to $40.1m (-7.2%), an average of -1.5% a year. The sharpest change came in the year to June 2020, when income dropped by 16%. Over the whole period it spent 100% 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 School of Medicine Educational Trust 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 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Scholarship America Inc ($40.1m), Boise State University Foundation Inc ($40.1m) and Umuc Ventures Inc ($40.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 19% of the total. Compensation of current officers, directors and key employees was $4.0m (10.0% of expenses). Other salaries and wages came to $26.6m. At year end it held assets of $64.8m against liabilities of $30.2m, net assets of $34.6m. It reported 145 employees.