The Medical University of South Carolina Foundation

Analysis

The Medical University of South Carolina Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, The Medical University of South Carolina Foundation reported income of $80.6m and spending of $56.3m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $47.6m to $80.6m (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Medical University of South Carolina Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Cherokee Health Systems ($80.6m), Hudson Hospital Inc ($80.6m) and Lifepath Hospice Inc ($80.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 8.3% of the total. At year end it held assets of $755.1m against liabilities of $193.9m, net assets of $561.3m. It reported 1 employees.