Saluda Shoals Foundation

Analysis

Saluda Shoals Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, Saluda Shoals Foundation reported income of $377k and spending of $414k, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $262k to $377k (+44%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Saluda Shoals Foundation 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 66th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include Lucas County Agricultural Society ($376k), USA Softball of Texas ($377k) and Village Halloween Parade Inc ($376k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 71% of the total. At year end it held assets of $364k against liabilities of $16k, net assets of $348k.