School Foundation Inc

Analysis

School Foundation Inc is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in March 2000, 26 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 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, School Foundation Inc reported income of $349k and spending of $325k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $198k to $349k (+76%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, School Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Frank and Nancy Parsons Foundation Inc ($348k), The Spirit of St Bernard Foundation ($349k) and Alpha XI of Sigma Chi Educational Foundation ($348k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $105k. At year end it held assets of $2.7m against liabilities of $40k, net assets of $2.6m. It reported 2 employees.