Bethune Rural Water Company Inc
EIN: 570554976 · Bethune, SC
| Metric | Value |
|---|---|
| Total Revenue | $750K |
| Total Expenses | $641K |
| Net Assets | $2.5M |
Is Bethune Rural Water Company Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bethune Rural Water Company Inc
Bethune Rural Water Company Inc (EIN: 570554976) is a nonprofit organization based in Bethune, SC. The organization reported total revenue of $750K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bethune Rural Water Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bethune Rural Water Company Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $784K |
| Total Expenses | $641K |
| Surplus / Deficit | +$143K |
| Total Assets | $3.3M |
| Total Liabilities | $808K |
| Net Assets | $2.5M |
| Operating Margin | 18.3% |
| Debt-to-Asset Ratio | 24.3% |
| Months of Reserves | 62.4 months |
Financial Health Grade: A
In 2023, Bethune Rural Water Company Inc reported a surplus of $143K with revenue exceeding expenses, holds 62.4 months of operating reserves (strong position), has a debt-to-asset ratio of 24.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bethune Rural Water Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.0% | +7.1% | +2.1% |
| 2022 | -16.0% | +5.4% | +8.9% |
| 2021 | +16.4% | +7.2% | +10.1% |
| 2020 | +49.8% | -1.0% | +16.7% |
| 2019 | -1.9% | -1.9% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bethune Rural Water Company 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 Bethune Rural Water Company 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $143K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.3%.
Frequently Asked Questions about Bethune Rural Water Company Inc
Is Bethune Rural Water Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bethune Rural Water Company Inc (EIN: 570554976) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bethune Rural Water Company Inc spend its money?
Detailed spending breakdown data is not yet available for Bethune Rural Water Company Inc. Check back for updated IRS 990 analysis.
Are donations to Bethune Rural Water Company Inc tax-deductible?
Bethune Rural Water Company Inc is registered as a tax-exempt nonprofit (EIN: 570554976). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bethune Rural Water Company Inc located?
Bethune Rural Water Company Inc is headquartered in Bethune, South Carolina and files with the IRS under EIN 570554976.
How many years of IRS 990 filings does Bethune Rural Water Company Inc have?
Bethune Rural Water Company Inc 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 $750K in total revenue.
Filing History
IRS 990 filing history for Bethune Rural Water Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bethune Rural Water Company Inc's revenue has grown by 47%, moving from $533K to $784K. Total assets increased by 60.6% over the same period, from $2.1M to $3.3M. Total functional expenses rose by 24.1%, from $516K to $641K. In its most recent filing year (2023), Bethune Rural Water Company Inc reported a surplus of $143K, with revenue exceeding expenses. The organization holds $808K in liabilities against $3.3M in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $784K | $641K | $3.3M | $808K | — | — |
| 2022 | $852K | $598K | $3.3M | $883K | — | View 990 |
| 2021 | $1.0M | $567K | $3.0M | $953K | — | View 990 |
| 2020 | $871K | $529K | $2.7M | $1.1M | — | View 990 |
| 2019 | $581K | $534K | $2.3M | $1.1M | — | View 990 |
| 2018 | $593K | $544K | $2.4M | $1.2M | — | View 990 |
| 2017 | $568K | $568K | $2.4M | $1.2M | — | View 990 |
| 2016 | $547K | $522K | $2.4M | $1.2M | — | View 990 |
| 2015 | $550K | $503K | $2.4M | $1.3M | — | View 990 |
| 2014 | $541K | $567K | $1.9M | $777K | — | View 990 |
| 2013 | $503K | $518K | $1.9M | $821K | — | View 990 |
| 2012 | $496K | $526K | $2.0M | $867K | — | View 990 |
| 2011 | $533K | $516K | $2.1M | $918K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $784K, expenses of $641K, and assets of $3.3M (revenue -8.0% year-over-year).
- 2022: Revenue of $852K, expenses of $598K, and assets of $3.3M (revenue -16.0% year-over-year).
- 2021: Revenue of $1.0M, expenses of $567K, and assets of $3.0M (revenue +16.4% year-over-year).
- 2020: Revenue of $871K, expenses of $529K, and assets of $2.7M (revenue +49.8% year-over-year).
- 2019: Revenue of $581K, expenses of $534K, and assets of $2.3M (revenue -1.9% year-over-year).
- 2018: Revenue of $593K, expenses of $544K, and assets of $2.4M (revenue +4.4% year-over-year).
- 2017: Revenue of $568K, expenses of $568K, and assets of $2.4M (revenue +3.7% year-over-year).
- 2016: Revenue of $547K, expenses of $522K, and assets of $2.4M (revenue -0.4% year-over-year).
- 2015: Revenue of $550K, expenses of $503K, and assets of $2.4M (revenue +1.7% year-over-year).
- 2014: Revenue of $541K, expenses of $567K, and assets of $1.9M (revenue +7.5% year-over-year).
- 2013: Revenue of $503K, expenses of $518K, and assets of $1.9M (revenue +1.4% year-over-year).
- 2012: Revenue of $496K, expenses of $526K, and assets of $2.0M (revenue -7.0% year-over-year).
- 2011: Revenue of $533K, expenses of $516K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bethune Rural Water Company Inc:
Data Sources and Methodology
This transparency report for Bethune Rural Water Company 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.