Scottish Rite Foundation of South Carolina Inc

Analysis

Scottish Rite Foundation of South Carolina Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 December 2023, Scottish Rite Foundation of South Carolina Inc reported income of $361k and spending of $235k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $361k (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scottish Rite Foundation of South Carolina Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Bozeman Swimming Club ($361k), Big Stone Gap Rescue Squad Inc ($361k) and Packard Group II ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $17k. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m. It reported 1 employees.