South Carolina for Online Education Inc

Analysis

South Carolina for Online Education Inc is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in January 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 (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, South Carolina for Online Education Inc reported income of $5.2m and spending of $5.2m, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $2.7m to $5.2m (+96%), an average of +96% a year. The sharpest change came in the year to June 2023, when income rose by 96%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Carolina for Online Education Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Firemens Association of the State New York Foundation Inc ($5.2m), Babcock Urological Endow FD ($5.2m) and Advancement Resources Intercultural Significant Education Arise ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.9m against liabilities of $2.9m, net assets of $11k. It reported 17 employees.