South Carolina Charities Inc

Analysis

South Carolina Charities Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Carolina Charities Inc reported income of $4.3m and spending of $2.5m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.3m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 314%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, South Carolina Charities Inc 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 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Cincinnati United Soccer Club ($4.3m), Chantilly Youth Association Inc ($4.3m) and Joseph Center ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% of the total. Other salaries and wages came to $479k. At year end it held assets of $4.5m against liabilities of $4.1m, net assets of $447k. It reported 14 employees.