University of South Carolina Beaufort Education Foundation

Analysis

University of South Carolina Beaufort Education Foundation is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, University of South Carolina Beaufort Education Foundation reported income of $882k and spending of $167k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $882k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2023, when income rose by 450%. Over the whole period it spent 17% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of South Carolina Beaufort Education Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Legacy Academy for Jewish Education Incorporated ($882k), Lone Star Success Academy ($882k) and Growing Place Family Preschool ($881k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.