Spartanburg Community College Foundation

Analysis

Spartanburg Community College Foundation is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Spartanburg Community College Foundation reported income of $633k and spending of $715k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $633k (-55%), an average of -18% a year. The sharpest change came in the year to June 2020, when income rose by 693%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spartanburg Community College Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Polk County Christian School Inc ($633k), Manheim Township Soccer Club ($633k) and Live Earth Farm Discovery Program ($633k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 31% of the total. At year end it held assets of $11.0m against liabilities of $419k, net assets of $10.6m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.