South Carolina Policy Council Education Foundation

Analysis

South Carolina Policy Council Education Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in October 1987, 39 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 December 2023, South Carolina Policy Council Education Foundation reported income of $838k and spending of $727k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $406k to $838k (+107%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina Policy Council Education Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Heart of Camden Inc ($838k), Northwest Hospital Alliance ($839k) and The Elms Inc ($838k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $236k. At year end it held assets of $765k against liabilities of $214k, net assets of $552k. It reported 12 employees.