University Center Facilities Corporation III

Analysis

University Center Facilities Corporation III is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University Center Facilities Corporation III reported income of $2.2m and spending of $1.6m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $252k to $2.2m (+758%), an average of +71% a year. The sharpest change came in the year to June 2020, when income rose by 274%. Over the whole period it spent 122% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, University Center Facilities Corporation III sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Binghampton Development Corporation ($2.2m), Diversified Services Inc ($2.2m) and Builders of Hope CDC ($2.2m).

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 $18.7m against liabilities of $20.3m, net assets of -$1.6m.