Advance Carolina Inc
EIN: 454518507 · Columbia, SC · NTEE: B82
| Metric | Value |
|---|---|
| Total Expenses | $61 |
| Net Assets | $4K |
Is Advance Carolina Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Advance Carolina Inc
Advance Carolina Inc (EIN: 454518507) is a nonprofit organization based in Columbia, SC, classified under NTEE code B82. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Advance Carolina Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Advance Carolina Inc is a micro nonprofit that has been operating for 14 years, with 7 years of IRS 990 filings on record (2014–2020). Revenue has grown at a compound annual rate of -61.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $498 |
| Total Expenses | $61 |
| Surplus / Deficit | +$437 |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | 87.8% |
| Months of Reserves | 816.2 months |
Financial Health Grade: A
In 2020, Advance Carolina Inc reported a surplus of $437 with revenue exceeding expenses, holds 816.2 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2014–2020), Advance Carolina Inc's revenue has declined at a compound annual growth rate (CAGR) of -61.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -100.0% | -94.0% | -67.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Advance Carolina Inc 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 Advance Carolina Inc 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $437, with revenue exceeding expenses.
Frequently Asked Questions about Advance Carolina Inc
Is Advance Carolina Inc a legitimate charity?
Advance Carolina Inc (EIN: 454518507) is a registered tax-exempt nonprofit based in South Carolina. It has 7 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Advance Carolina Inc spend its money?
Advance Carolina Inc reported its financials in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Advance Carolina Inc tax-deductible?
Advance Carolina Inc is registered as a tax-exempt nonprofit (EIN: 454518507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Advance Carolina Inc located?
Advance Carolina Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 454518507. It is classified under NTEE code B82.
How many years of IRS 990 filings does Advance Carolina Inc have?
Advance Carolina Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Advance Carolina Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2020), Advance Carolina Inc's revenue has declined by 99.7%, moving from $154K to $498. Total assets decreased by 60.9% over the same period, from $11K to $4K. Total functional expenses fell by 100%, from $144K to $61. In its most recent filing year (2020), Advance Carolina Inc reported a surplus of $437, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $498 | $61 | $4K | $0 | — | View 990 |
| 2019 | $0 | $0 | $4K | $0 | — | View 990 |
| 2018 | $0 | $50 | $4K | $0 | — | View 990 |
| 2017 | $0 | $2K | $4K | $0 | — | View 990 |
| 2016 | $0 | $11K | $5K | $0 | — | View 990 |
| 2015 | $190K | $184K | $17K | $0 | — | View 990 |
| 2014 | $154K | $144K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $498, expenses of $61, and assets of $4K.
- 2019: Revenue of $0, expenses of $0, and assets of $4K.
- 2018: Revenue of $0, expenses of $50, and assets of $4K.
- 2017: Revenue of $0, expenses of $2K, and assets of $4K.
- 2016: Revenue of $0, expenses of $11K, and assets of $5K (revenue -100.0% year-over-year).
- 2015: Revenue of $190K, expenses of $184K, and assets of $17K (revenue +23.2% year-over-year).
- 2014: Revenue of $154K, expenses of $144K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Advance Carolina Inc:
Data Sources and Methodology
This transparency report for Advance Carolina Inc 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.