South Carolina Council on Economic Education

Analysis

South Carolina Council on Economic Education is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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, South Carolina Council on Economic Education reported income of $576k and spending of $602k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $430k to $576k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina Council on Economic Education sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Fellowship Cup Corporation ($576k), Stadium Emergency Shelter ($577k) and Trust Project ($576k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $100k (17% of expenses). Other salaries and wages came to $96k. At year end it held assets of $410k against liabilities of $16k, net assets of $395k. It reported 3 employees.