Alumni Association Of Medical University Of Sc
EIN: 570340252 · Charleston, SC
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $887K |
| Net Assets | $511K |
Is Alumni Association Of Medical University Of Sc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Alumni Association Of Medical University Of Sc
Alumni Association Of Medical University Of Sc (EIN: 570340252) is a nonprofit organization based in Charleston, SC. The organization reported total revenue of $1.3M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alumni Association Of Medical University Of Sc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alumni Association Of Medical University Of Sc is a mid-size nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $850K |
| Total Expenses | $887K |
| Surplus / Deficit | $-37,279 |
| Total Assets | $864K |
| Total Liabilities | $353K |
| Net Assets | $511K |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 40.8% |
| Months of Reserves | 11.7 months |
Financial Health Grade: B
In 2023, Alumni Association Of Medical University Of Sc reported a deficit of $37K with expenses exceeding revenue, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 40.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Alumni Association Of Medical University Of Sc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.3% | +29.3% | +70.5% |
| 2022 | +112.9% | +590.1% | -49.4% |
| 2021 | -21.2% | -48.5% | +39.1% |
| 2020 | +26.2% | -14.4% | +20.3% |
| 2019 | +12.8% | -15.5% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1953 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Alumni Association Of Medical University Of Sc 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 Alumni Association Of Medical University Of Sc 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 deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.8%.
Frequently Asked Questions about Alumni Association Of Medical University Of Sc
Is Alumni Association Of Medical University Of Sc a legitimate charity?
Alumni Association Of Medical University Of Sc (EIN: 570340252) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: B.
How does Alumni Association Of Medical University Of Sc spend its money?
Alumni Association Of Medical University Of Sc reported $1.3M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Alumni Association Of Medical University Of Sc tax-deductible?
Alumni Association Of Medical University Of Sc is registered as a tax-exempt nonprofit (EIN: 570340252). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Alumni Association Of Medical University Of Sc located?
Alumni Association Of Medical University Of Sc is headquartered in Charleston, South Carolina and files with the IRS under EIN 570340252.
How many years of IRS 990 filings does Alumni Association Of Medical University Of Sc have?
Alumni Association Of Medical University Of Sc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for Alumni Association Of Medical University Of Sc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Alumni Association Of Medical University Of Sc's revenue has grown by 140.2%, moving from $354K to $850K. Total assets increased by 24.4% over the same period, from $694K to $864K. Total functional expenses rose by 127.9%, from $389K to $887K. In its most recent filing year (2023), Alumni Association Of Medical University Of Sc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $353K in liabilities against $864K in assets (debt-to-asset ratio: 40.8%), resulting in net assets of $511K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $850K | $887K | $864K | $353K | — | — |
| 2022 | $477K | $686K | $507K | $0 | — | View 990 |
| 2021 | $224K | $99K | $1.0M | $0 | — | View 990 |
| 2020 | $284K | $193K | $719K | $0 | — | View 990 |
| 2019 | $225K | $225K | $598K | $0 | — | View 990 |
| 2018 | $200K | $267K | $599K | $0 | — | View 990 |
| 2017 | $277K | $381K | $616K | $0 | — | View 990 |
| 2016 | $176K | $350K | $703K | $0 | — | View 990 |
| 2015 | $188K | $226K | $889K | $0 | — | View 990 |
| 2014 | $280K | $239K | $906K | $0 | — | View 990 |
| 2013 | $294K | $322K | $765K | $0 | — | View 990 |
| 2012 | $356K | $354K | $671K | $0 | — | View 990 |
| 2011 | $354K | $389K | $694K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $850K, expenses of $887K, and assets of $864K (revenue +78.3% year-over-year).
- 2022: Revenue of $477K, expenses of $686K, and assets of $507K (revenue +112.9% year-over-year).
- 2021: Revenue of $224K, expenses of $99K, and assets of $1.0M (revenue -21.2% year-over-year).
- 2020: Revenue of $284K, expenses of $193K, and assets of $719K (revenue +26.2% year-over-year).
- 2019: Revenue of $225K, expenses of $225K, and assets of $598K (revenue +12.8% year-over-year).
- 2018: Revenue of $200K, expenses of $267K, and assets of $599K (revenue -28.1% year-over-year).
- 2017: Revenue of $277K, expenses of $381K, and assets of $616K (revenue +57.8% year-over-year).
- 2016: Revenue of $176K, expenses of $350K, and assets of $703K (revenue -6.7% year-over-year).
- 2015: Revenue of $188K, expenses of $226K, and assets of $889K (revenue -32.8% year-over-year).
- 2014: Revenue of $280K, expenses of $239K, and assets of $906K (revenue -4.8% year-over-year).
- 2013: Revenue of $294K, expenses of $322K, and assets of $765K (revenue -17.3% year-over-year).
- 2012: Revenue of $356K, expenses of $354K, and assets of $671K (revenue +0.7% year-over-year).
- 2011: Revenue of $354K, expenses of $389K, and assets of $694K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alumni Association Of Medical University Of Sc:
Data Sources and Methodology
This transparency report for Alumni Association Of Medical University Of Sc 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.