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 Greenwood, 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 $261k and spending of $268k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $230k to $261k (+13%), an average of +3.2% a year. Over the whole period it spent 102% 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 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 64th percentile within SC. Charities of a similar size with the same main cause include Cashmere Schools Foundation ($261k), Bridge Inc ($261k) and Covenant Preparatory School Inc ($261k).

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 $70k (26% of expenses). Other salaries and wages came to $99k. At year end it held assets of $32k against liabilities of $23k, net assets of $8,916. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.