Is Health Sciences South Carolina Legit? —…

Quick charity verification for Health Sciences South Carolina (EIN: 202849804)

Strengths

Consistent 0% officer compensation reported, indicating strong resource allocation away from executive salaries.
High spending efficiency, as nearly all revenue is expended annually, suggesting direct application of funds to mission.
Stable asset-to-liability ratio, often 1:1, indicating sound financial management without significant debt.
Substantial revenue figures demonstrate significant capacity to attract and manage large-scale funding for health sciences initiatives.

Spending Breakdown

How Health Sciences South Carolina allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Health Sciences South Carolina

Is Health Sciences South Carolina a legitimate charity?

Based on AI analysis of IRS 990 filings, Health Sciences South Carolina (EIN: 202849804) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Health Sciences South Carolina a good charity to donate to?

Health Sciences South Carolina has a Mission Score of 85/100. Revenue: $4.3M. Assets: $3.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Health Sciences South Carolina?

The Employer Identification Number (EIN) for Health Sciences South Carolina is 202849804. 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 Health Sciences South Carolina spend its money?

Health Sciences South Carolina allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Health Sciences South Carolina's tax-exempt status?

You can verify Health Sciences South Carolina's tax-exempt status using EIN 202849804 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

Health Sciences South Carolina (HSSC) exhibits a unique financial profile, characterized by extremely high revenue and expense figures that consistently match, often resulting in zero net income. This pattern, observed across multiple years (e.g., $56,614,030 revenue and expenses in 2023, $150,938,557 in 2022), suggests that HSSC primarily acts as a pass-through entity or a collaborative research consortium where funds are received and immediately disbursed for specific projects. The organization's assets and liabilities also frequently match, indicating a balanced financial structure without significant accumulated reserves or debt. This operational model, while not typical for all nonprofits, points to a high degree of spending efficiency in terms of direct fund utilization, as nearly all incoming funds are expended.

However, the lack of detailed breakdowns for program, administrative, and fundraising expenses in the provided data makes a precise assessment of spending efficiency challenging. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator for transparency and resource allocation, suggesting that executive leadership is either unpaid or compensated through other means not reported as direct officer compensation on the 990s, which warrants further investigation for complete understanding. The fluctuating revenue figures, from a high of $235,486,972 in 2019 to $56,614,030 in 2023, reflect the project-based nature of its funding and operations.

Is Health Sciences South Carolina Legit?

Verdict: Health Sciences South Carolina appears trustworthy

Red Flags