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Spartanburg County Foundation

Spartanburg County Foundation

Spartanburg, SC, US
501(c)3
EIN
57-0351398
DAF Sponsor
Community Foundation
Regional Funder
funder logo

Spartanburg County Foundation

Spartanburg, SC, US
501(c)3
EIN
57-0351398
DAF Sponsor
Community Foundation
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$48,563,790

Contributions
87%
Investments
7%
Other
5%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$39,767,079

Grants
88%
Fees to Service Providers
5%
Salaries & Benefits
4%
Other
<1%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$48,024,319
$42,476,187
-12%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$3,326,241
$3,437,277
+3%
Other
$2,857,959
$2,650,326
-7%
Total Revenues
$54,208,519
$48,563,790
-10%
Expenses
2023
2024
Change
Grants
$28,414,705
$34,908,855
+23%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,554,757
$1,709,573
+10%
Fees to Service Providers
$2,029,348
$2,043,542
+1%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$380,334
$337,426
-11%
Interest
$115,728
$76,255
-34%
Depreciation
$322,625
$320,844
-1%
Other
$353,490
$370,584
+5%
Total Expenses
$33,170,987
$39,767,079
+20%
Net income
2023
2024
Change
Net income
+$21,037,532
+$8,796,711
-58%
Functional Expenses
Summary
2023
2024
Change
Program
$29,169,983
$35,806,009
+23%
Admin
$3,733,713
$3,799,941
+2%
Fundraising
$267,291
$161,129
-40%
Total Expenses
$33,170,987
$39,767,079
+20%
Income Statement
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