Inconsistent revenue generation over the past decade, making financial planning potentially challenging.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
Maintained a substantial asset base (over $400,000) despite revenue fluctuations, providing some financial stability.
Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Spending Breakdown
How Horry County K 12 Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Horry County K 12 Foundation
Is Horry County K 12 Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Horry County K 12 Foundation (EIN: 202264979) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Horry County K 12 Foundation a good charity to donate to?
Horry County K 12 Foundation has a Mission Score of 70/100. Revenue: $246K. Assets: $452K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Horry County K 12 Foundation?
The Employer Identification Number (EIN) for Horry County K 12 Foundation is 202264979. 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 Horry County K 12 Foundation spend its money?
Horry County K 12 Foundation allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Horry County K 12 Foundation's tax-exempt status?
You can verify Horry County K 12 Foundation's tax-exempt status using EIN 202264979 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
The Horry County K 12 Foundation demonstrates a mixed financial picture. While the organization has maintained a consistent asset base, hovering around $400,000-$500,000 over the past decade, its revenue generation has been inconsistent, with a notable drop to $11,491 in 2022 from a high of $159,872 in 2013. This recent decline in revenue, coupled with expenses exceeding revenue in several years, including $70,128 in expenses against $11,491 in revenue in 2022, suggests a reliance on existing assets or prior year surpluses to cover operational costs. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, and the reported 0% officer compensation across all available filings indicates a volunteer-led or very lean administrative structure, which is a positive sign for donor confidence regarding executive pay.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent reporting of 0% officer compensation suggests that a significant portion of funds is not being diverted to high executive salaries. The fluctuating revenue and expense figures, particularly the deficit spending in 2022, warrant closer examination to understand the sustainability of their operations and the impact on their mission delivery. The organization's ability to maintain its asset base despite these fluctuations indicates a degree of financial stability, but the recent trend of expenses significantly outpacing revenue is a concern for long-term operational health.
Overall, the foundation appears to be transparent in its filings and avoids excessive executive compensation. However, the recent financial performance, particularly the low revenue and high expenses in 2022, raises questions about its current operational model and funding strategy. Donors might want to investigate the reasons behind the revenue decline and how the organization plans to address its operational deficits to ensure continued program delivery.