Educational Foundation South Carolina Bankers Association

Analysis

Educational Foundation South Carolina Bankers Association is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 1963, 63 years ago. 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 2024, Educational Foundation South Carolina Bankers Association reported income of $64k and spending of $74k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $29k to $64k (+125%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 133% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Foundation South Carolina Bankers Association sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 31st percentile within SC. Charities of a similar size with the same main cause include Catskill Choral Society Inc ($64k), Good Home Animal Society ($64k) and Cape American Baseball Inc ($64k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.