Southern Carolina Regional Community Development Corporation

Analysis

Southern Carolina Regional Community Development Corporation is a registered charity in United States, based in Denmark, SC. It received its IRS tax-exemption ruling in June 1999, 27 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 (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 2024, Southern Carolina Regional Community Development Corporation reported income of $311k and spending of $441k, spending 142% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $746k to $311k (-58%), an average of -20% a year. The sharpest change came in the year to June 2024, when income dropped by 45%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Carolina Regional Community Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 67th percentile within SC. Charities of a similar size with the same main cause include Acts 2 Toledo ($311k), South Central Workforce Council ($311k) and Gentlemens League ($311k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $88k (20% of expenses). Other salaries and wages came to $17k. At year end it held assets of $2.4m against liabilities of $291k, net assets of $2.1m. It reported 2 employees.