Is South Carolina Cooperatives Care Foundation Legit?
Quick charity verification for South Carolina Cooperatives Care Foundation (EIN: 203563490)
Verdict: South Carolina Cooperatives Care Foundation appears trustworthy
92/100Mission Score
$157KRevenue
$44KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent zero officer compensation across all filings.
Zero liabilities reported in all available filings, indicating strong financial stability.
Significant asset growth in the latest filing period (202312) to $101,930.
High spending efficiency, with expenses often well below revenue, especially in 202312 ($21,430 expenses vs. $106,028 revenue).
Excellent transparency with 13 available IRS 990 filings.
Spending Breakdown
How South Carolina Cooperatives Care Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 South Carolina Cooperatives Care Foundation
Is South Carolina Cooperatives Care Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, South Carolina Cooperatives Care Foundation (EIN: 203563490) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is South Carolina Cooperatives Care Foundation a good charity to donate to?
South Carolina Cooperatives Care Foundation has a Mission Score of 92/100. Revenue: $157K. Assets: $44K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for South Carolina Cooperatives Care Foundation?
The Employer Identification Number (EIN) for South Carolina Cooperatives Care Foundation is 203563490. 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 South Carolina Cooperatives Care Foundation spend its money?
South Carolina Cooperatives Care Foundation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify South Carolina Cooperatives Care Foundation's tax-exempt status?
You can verify South Carolina Cooperatives Care Foundation's tax-exempt status using EIN 203563490 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 South Carolina Cooperatives Care Foundation demonstrates a generally healthy financial position, particularly in its most recent filing period (202312) where revenue significantly outpaced expenses ($106,028 vs. $21,430), leading to a substantial increase in assets to $101,930. This indicates effective financial management and a growing capacity to fulfill its mission. The organization consistently reports zero liabilities and zero officer compensation across all available filings, which are strong indicators of financial stability and a commitment to directing funds towards programs rather than administrative overhead or executive salaries. While revenue has fluctuated over the years, the recent trend shows positive growth and efficient spending.
The organization's spending efficiency appears high, with expenses often well below revenue, especially in recent years. For instance, in 202312, only about 20% of revenue was spent, allowing for significant asset accumulation. The consistent reporting of no officer compensation further reinforces its dedication to program-focused spending. Transparency is excellent, with 13 filings available and clear reporting of key financial metrics, including zero liabilities and no executive pay, which are crucial for donor confidence. The NTEE code M20 (Community Improvement & Capacity Building) aligns with its name, suggesting a clear programmatic focus.