Southern Carolina Regional Development Alliance

Analysis

Southern Carolina Regional Development Alliance is a registered charity in United States, based in Barnwell, SC. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Carolina Regional Development Alliance reported income of $7.5m and spending of $5.5m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.0m to $7.5m (-58%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Carolina Regional Development Alliance sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Durham Exchange Club Industries Inc ($7.5m), Liuna Local 731 Training Fund ($7.5m) and Clean & Safe Inc ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $254k (4.6% of expenses). Other salaries and wages came to $601k. At year end it held assets of $37.9m against liabilities of $9.9m, net assets of $28.0m. It reported 11 employees.