South Carolina Governors School for Sci & Math Foundation Inc

Analysis

South Carolina Governors School for Sci & Math Foundation Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, South Carolina Governors School for Sci & Math Foundation Inc reported income of $1.8m and spending of $1.4m, leaving 25% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.5m to $1.8m (+20%), an average of +3.8% a year. The sharpest change came in the year to June 2024, when income rose by 46%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Carolina Governors School for Sci & Math Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Southwest Open School ($1.8m), Milagre Kids School Inc ($1.8m) and Preserve Community Foundation ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $170k (12% of expenses). Other salaries and wages came to $276k. At year end it held assets of $15.9m against liabilities of $149k, net assets of $15.8m. It reported 5 employees.