Babcock Center Foundation

Analysis

Babcock Center Foundation is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Babcock Center Foundation reported income of $238k and spending of $139k, leaving 41% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $267k to $238k (-11%), an average of -3.8% a year. The sharpest change came in the year to June 2021, when income rose by 238%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Babcock Center Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within SC. Charities of a similar size with the same main cause include Hakshiva Inc ($238k), Parent Compass Inc ($238k) and Uplift Organization Inc ($238k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $10.3m against liabilities of $6.4m, net assets of $3.9m.