S C Institute on Aging

Analysis

S C Institute on Aging is a registered charity in United States, based in Mount Pleasant, SC. It received its IRS tax-exemption ruling in December 1989, 37 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, S C Institute on Aging reported income of $182k and spending of $163k, spending 90% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $263k to $182k (-31%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, S C Institute on Aging sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 57th percentile within SC. Charities of a similar size with the same main cause include Weingarten Volunteer Fire Department ($182k), Shree Shivkrupanand Swami Foundation of America ($182k) and Journal Goodfellow Charities Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 70% of the total. At year end it held assets of $121k against liabilities of $7,614, net assets of $114k.