Veterans Trust Fund of South Carolina

Analysis

Veterans Trust Fund of South Carolina is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Veterans Trust Fund of South Carolina reported income of $65k and spending of $27k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $65k (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Trust Fund of South Carolina sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 31st percentile within SC. Charities of a similar size with the same main cause include Walnut Creek Seniors Club ($65k), River Park Nursery School Inc ($65k) and Library Friends of Payson ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $761k against liabilities of $0, net assets of $761k.