Together SC

Analysis

Together SC is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in February 1998, 28 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 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 2024, Together SC reported income of $921k and spending of $949k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $631k to $921k (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2022, when income rose by 188%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Together SC sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Union Square Main Streets Inc ($921k), Vigilant Hope Inc ($921k) and Somerset County Business Partnership Foundation ($920k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $195k (20% of expenses). Other salaries and wages came to $219k. At year end it held assets of $393k against liabilities of $271k, net assets of $122k. It reported 6 employees.