The Society of Cincinnati of the State of South Carolina

Analysis

The Society of Cincinnati of the State of South Carolina is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in June 1987, 39 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 December 2022, The Society of Cincinnati of the State of South Carolina reported income of $76k and spending of $117k, spending 153% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $337k to $76k (-77%), an average of -39% a year. The sharpest change came in the year to December 2020, when income dropped by 75%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Society of Cincinnati of the State of South Carolina sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 36th percentile within SC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($76k), Oakland Police Emergency Net ($76k) and American Opera Society of Chicago - National - ($76k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% of the total. At year end it held assets of $712k against liabilities of $0, net assets of $712k.