Scago Public Facilities Corporation for Georgetown County

Analysis

Scago Public Facilities Corporation for Georgetown County is a registered charity in United States, based in Georgetown, SC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Scago Public Facilities Corporation for Georgetown County reported income of $810k and spending of $721k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $810k (-59%), an average of -20% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scago Public Facilities Corporation for Georgetown County sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within SC. Charities of a similar size with the same main cause include Kiwanis Cal-Nev-Ha Foundation ($810k), Greater Grand Rapids Chamber Foundation ($810k) and Rocky Mountain Bighorn Society Inc ($810k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $12.2m against liabilities of $19.6m, net assets of -$7.3m.