South Carolina Foster Parent Assn

Analysis

South Carolina Foster Parent Assn is a registered charity in United States, based in Elgin, SC. It received its IRS tax-exemption ruling in January 1993, 33 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 May 2023, South Carolina Foster Parent Assn reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 3 years on record, from May 2020 to May 2023, income grew from $1.2m to $1.6m (+33%), an average of +15% a year. The sharpest change came in the year to May 2023, when income rose by 29%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, South Carolina Foster Parent Assn sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Simchas Kallah Inc ($1.6m), Kkac Organization ($1.6m) and Josephs Coat of Central Ohio Inc ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $155k (10.0% of expenses). Other salaries and wages came to $892k. At year end it held assets of $91k against liabilities of $21k, net assets of $71k.