SC Progressive Network Education Fund

Analysis

SC Progressive Network Education Fund is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, SC Progressive Network Education Fund reported income of $394k and spending of $152k, leaving 61% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $246k to $394k (+60%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, SC Progressive Network Education Fund sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Education Francaise Greater Seattle ($394k), North Bend Community Scholarship Fund ($394k) and Friends of I S Kosloff Torah Academy High School for Girls ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $48k (32% of expenses). It paid $1,825 in professional fundraising fees. At year end it held assets of $548k against liabilities of $125k, net assets of $423k.