South Carolina Universities Research and Education Foundation

Analysis

South Carolina Universities Research and Education Foundation is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in August 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 June 2023, South Carolina Universities Research and Education Foundation reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.8m to $2.1m (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2023, when income rose by 835%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina Universities Research and Education Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include North West Housing Partnership ($2.1m), Arc of Morehouse ($2.1m) and Partners for Community Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $189k (9.1% of expenses). Other salaries and wages came to $96k. At year end it held assets of $296k against liabilities of $35k, net assets of $261k. It reported 5 employees.