Society of Colonial Wars in the State of South Carolina Inc

Analysis

Society of Colonial Wars in the State of South Carolina Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in December 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Society of Colonial Wars in the State of South Carolina Inc reported income of $129k and spending of $116k, spending 90% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $94k to $129k (+37%), an average of +11% a year. The sharpest change came in the year to March 2022, when income rose by 100%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society of Colonial Wars in the State of South Carolina Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within SC. Charities of a similar size with the same main cause include Aliso Niguel High School Instrumental Music Booster Inc ($129k), Memorial for All Veterans of the Brazos Valley Inc ($129k) and Magical Strings of Youth NFP ($129k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 70% and program service revenue 21% of the total. At year end it held assets of $333k against liabilities of $34k, net assets of $299k.