Aiken Corporation of South Carolina

Analysis

Aiken Corporation of South Carolina is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Aiken Corporation of South Carolina reported income of $417k and spending of $241k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $326k to $417k (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 513%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aiken Corporation of South Carolina sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Sleepy Hollow Cemetery Historic Fund Inc ($417k), Portland All Nations Canoe Family ($417k) and Popular Culture Association ($417k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 7.7% of the total. Other salaries and wages came to $71k. At year end it held assets of $4.0m against liabilities of $1.1m, net assets of $2.9m. It reported 3 employees.