SC Chamber Education and Workforce Development Foundation

Analysis

SC Chamber Education and Workforce Development Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 1990, 36 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 September 2023, SC Chamber Education and Workforce Development Foundation reported income of $279k and spending of $312k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $216k to $279k (+29%), an average of +6.5% a year. The sharpest change came in the year to September 2022, when income rose by 89%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, SC Chamber Education and Workforce Development Foundation sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within SC. Charities of a similar size with the same main cause include Early Learning Pre School ($279k), Arc of Hawaii Housing Project Number 11 Incorporated ($279k) and New Hampshire Philharmonic Orchestra Incorporated ($279k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 2.3% of the total. At year end it held assets of $2.0m against liabilities of $392k, net assets of $1.6m.