South Carolina First Steps to School Readiness Board of Trustees

Analysis

South Carolina First Steps to School Readiness Board of Trustees is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 2000, 26 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 June 2023, South Carolina First Steps to School Readiness Board of Trustees reported income of $57.1m and spending of $55.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.4m to $57.1m (+57%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Carolina First Steps to School Readiness Board of Trustees sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Doral Academy of Nevada ($57.1m), Charlotte Latin Schools Inc ($57.2m) and Relay Graduate School of Education ($56.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $417k (0.8% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $37.2m against liabilities of $21.8m, net assets of $15.4m. It reported 103 employees.