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. 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 $265k and spending of $252k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $257k to $265k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Carolina First Steps to School Readiness Board of Trustees sits at the 58th percentile: it is larger than about 58% 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 A Special Wish Foundation Inc ($265k), Trust B Under the Will of H C Watson Deceased ($265k) and New York State Ski Racing Association Inc ($265k).

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 $65k (26% of expenses). Other salaries and wages came to $74k. At year end it held assets of $45k against liabilities of $15k, net assets of $31k. It reported 5 employees.