Is Associated Industries Of South Carolina Foundation Inc Legit?
Quick charity verification for Associated Industries Of South Carolina Foundation Inc (EIN: 201123282)
Verdict: Associated Industries Of South Carolina Foundation Inc appears trustworthy
95/100Mission Score
$152KRevenue
$916KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $862,701 in 2023 from $11,463 in 2014.
Zero liabilities reported across all 13 filings, indicating strong financial stability.
0% officer compensation reported, suggesting high efficiency and direct program focus.
Revenue consistently exceeds expenses in recent years, leading to healthy surpluses.
Strong program spending ratio due to minimal administrative and fundraising costs.
Spending Breakdown
How Associated Industries Of South Carolina Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Associated Industries Of South Carolina Foundation Inc
Is Associated Industries Of South Carolina Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Associated Industries Of South Carolina Foundation Inc (EIN: 201123282) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Associated Industries Of South Carolina Foundation Inc a good charity to donate to?
Associated Industries Of South Carolina Foundation Inc has a Mission Score of 95/100. Revenue: $152K. Assets: $916K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Associated Industries Of South Carolina Foundation Inc?
The Employer Identification Number (EIN) for Associated Industries Of South Carolina Foundation Inc is 201123282. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Associated Industries Of South Carolina Foundation Inc spend its money?
Associated Industries Of South Carolina Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Associated Industries Of South Carolina Foundation Inc's tax-exempt status?
You can verify Associated Industries Of South Carolina Foundation Inc's tax-exempt status using EIN 201123282 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Associated Industries Of South Carolina Foundation Inc demonstrates strong financial health with consistently growing assets and a robust program spending ratio. In 2023, the organization reported $227,000 in revenue against $78,639 in expenses, indicating a significant surplus that contributes to its asset growth. The foundation's assets have steadily increased from $11,463 in 2014 to $862,701 in 2023, showcasing effective financial management and accumulation of resources. The consistent reporting of zero liabilities across all available filings further underscores a very healthy balance sheet and minimal financial risk.
The organization exhibits excellent spending efficiency, particularly in its program focus. With 0% officer compensation reported across all filings, it suggests that administrative costs are kept very low, allowing a substantial portion of funds to be directed towards its mission. The absence of liabilities and the consistent surplus generation indicate a well-managed financial operation. The foundation's transparency is high, with 13 filings available, and the consistent reporting of key financial metrics, including zero officer compensation, provides a clear picture of its financial practices.
Overall, the foundation appears to be a financially sound and efficiently run organization. Its ability to generate significant revenue, manage expenses effectively, and grow its asset base without incurring debt points to a sustainable and impactful operation. The consistent lack of officer compensation is a notable positive indicator of resource allocation directly to charitable purposes.