Jewish Endowment Foundation of South Carolina

Analysis

Jewish Endowment Foundation of South Carolina is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Jewish Endowment Foundation of South Carolina reported income of $2.6m and spending of $1.1m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.6m (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Endowment Foundation of South Carolina sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Yougivegoods Foundation Inc ($2.6m), Uplift Charity Corporation ($2.6m) and Downtown Belton Main Street Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 3.8% of the total. Other salaries and wages came to $63k. At year end it held assets of $21.6m against liabilities of $4,738, net assets of $21.6m.