South Carolina Education Foundation

Analysis

South Carolina Education Foundation is a registered charity in United States, based in West Columbia, SC. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, South Carolina Education Foundation reported income of $126k and spending of $150k, spending 119% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $165k to $126k (-23%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 45%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Carolina Education Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within SC. Charities of a similar size with the same main cause include Adult Lutherans Organized for Action Inc ($126k), Miami Lakes Town Foundation Inc ($126k) and Kent Center School Scholarship Fund Inc ($126k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.