South Carolina Philharmonic Inc

Analysis

South Carolina Philharmonic Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 1983, 43 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 2023, South Carolina Philharmonic Inc reported income of $1.2m and spending of $1.5m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.2m (+1.0%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Carolina Philharmonic Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include National Museum for Civil War Medicine Inc ($1.2m), Downtown Walla Walla Foundation ($1.2m) and Sandwich Historical Society ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $139k (9.3% of expenses). Other salaries and wages came to $693k. At year end it held assets of $1.1m against liabilities of $400k, net assets of $726k. It reported 188 employees.