Adams Foundation Of South Carolina
EIN: 474606049 · Columbia, SC · NTEE: T50
| Metric | Value |
|---|---|
| Total Revenue | $135K |
| Total Expenses | $300K |
| Net Assets | $1 |
Is Adams Foundation Of South Carolina Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Adams Foundation Of South Carolina
Adams Foundation Of South Carolina (EIN: 474606049) is a nonprofit organization based in Columbia, SC, classified under NTEE code T50. The organization reported total revenue of $135K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adams Foundation Of South Carolina's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adams Foundation Of South Carolina is a small nonprofit that has been operating for 11 years, with 4 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 55.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $301K |
| Total Expenses | $300K |
| Surplus / Deficit | +$436 |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | 0.1% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2023, Adams Foundation Of South Carolina reported a surplus of $436 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2019–2023), Adams Foundation Of South Carolina's revenue has grown at a compound annual growth rate (CAGR) of 55.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11920.0% | +11902.6% | -99.9% |
| 2021 | -95.0% | -95.0% | +0.0% |
| 2020 | -2.9% | -4.0% | +117700.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Adams Foundation Of South Carolina has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adams Foundation Of South Carolina with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $436, with revenue exceeding expenses.
Frequently Asked Questions about Adams Foundation Of South Carolina
Is Adams Foundation Of South Carolina a legitimate charity?
Based on AI analysis of IRS 990 filings, Adams Foundation Of South Carolina (EIN: 474606049) insufficient data. 0 red flags identified, 0 strengths noted.
How does Adams Foundation Of South Carolina spend its money?
Detailed spending breakdown data is not yet available for Adams Foundation Of South Carolina. Check back for updated IRS 990 analysis.
Are donations to Adams Foundation Of South Carolina tax-deductible?
Adams Foundation Of South Carolina is registered as a tax-exempt nonprofit (EIN: 474606049). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Adams Foundation Of South Carolina located?
Adams Foundation Of South Carolina is headquartered in Columbia, South Carolina and files with the IRS under EIN 474606049. It is classified under NTEE code T50.
How many years of IRS 990 filings does Adams Foundation Of South Carolina have?
Adams Foundation Of South Carolina has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $135K in total revenue.
Filing History
IRS 990 filing history for Adams Foundation Of South Carolina showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2023), Adams Foundation Of South Carolina's revenue has grown by 477.9%, moving from $52K to $301K. Total assets increased by 0% over the same period, from $1 to $1. Total functional expenses rose by 475.2%, from $52K to $300K. In its most recent filing year (2023), Adams Foundation Of South Carolina reported a surplus of $436, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $301K | $300K | $1 | $0 | — | — |
| 2021 | $3K | $3K | $1K | $1 | — | View 990 |
| 2020 | $51K | $50K | $1K | $1 | — | — |
| 2019 | $52K | $52K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $301K, expenses of $300K, and assets of $1 (revenue +11920.0% year-over-year).
- 2021: Revenue of $3K, expenses of $3K, and assets of $1K (revenue -95.0% year-over-year).
- 2020: Revenue of $51K, expenses of $50K, and assets of $1K (revenue -2.9% year-over-year).
- 2019: Revenue of $52K, expenses of $52K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adams Foundation Of South Carolina:
Data Sources and Methodology
This transparency report for Adams Foundation Of South Carolina is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.