South Carolina Governors School for the Arts and Humanities Foundation

Analysis

South Carolina Governors School for the Arts and Humanities Foundation is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in November 1985, 41 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 2023, South Carolina Governors School for the Arts and Humanities Foundation reported income of $1.2m and spending of $1.8m, spending 147% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income fell from $1.3m to $1.2m (-5.5%), an average of -2.8% a year. The sharpest change came in the year to June 2023, when income rose by 135%. Over the whole period it spent 147% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina Governors School for the Arts and Humanities Foundation sits at the 80th percentile: it is larger than about 80% 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 Missionary Emergency Fund ($1.2m), National Church Residences Elderly of Montgomery WV Inc ($1.2m) and Senior Citizen Housing Corporation of Scotch Plains ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 111% of the total. Compensation of current officers, directors and key employees was $45k (2.5% of expenses). Other salaries and wages came to $109k. At year end it held assets of $7.9m against liabilities of $181k, net assets of $7.7m. It reported 5 employees.