SC Thrive

Analysis

SC Thrive is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, SC Thrive reported income of $6.5m and spending of $6.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $6.5m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, SC Thrive sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Friends of KSPS ($6.5m), Alliance for Young Artists & Writers Inc ($6.5m) and Kentucky Dance Council Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $526k (8.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $9.1m against liabilities of $2.3m, net assets of $6.9m. It reported 59 employees.