Borough Foundation
EIN: 542066283 · Sumter, SC · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $7K |
| Total Expenses | $4K |
| Net Assets | $1.7M |
Is Borough Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Borough Foundation
Borough Foundation (EIN: 542066283) is a nonprofit organization based in Sumter, SC, classified under NTEE code A50. The organization reported total revenue of $7K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Borough Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Borough Foundation is a micro nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $4K |
| Surplus / Deficit | +$5K |
| Total Assets | $1.7M |
| Net Assets | $1.7M |
| Operating Margin | 55.1% |
| Months of Reserves | 5238.6 months |
Financial Health Grade: A
In 2023, Borough Foundation reported a surplus of $5K with revenue exceeding expenses, holds 5238.6 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Borough Foundation 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 Borough Foundation 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 $5K, with revenue exceeding expenses.
Frequently Asked Questions about Borough Foundation
Is Borough Foundation a legitimate charity?
Borough Foundation (EIN: 542066283) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $7K. No red flags identified. Financial health grade: A.
How does Borough Foundation spend its money?
Borough Foundation reported $7K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Borough Foundation tax-deductible?
Borough Foundation is registered as a tax-exempt nonprofit (EIN: 542066283). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Borough Foundation located?
Borough Foundation is headquartered in Sumter, South Carolina and files with the IRS under EIN 542066283. It is classified under NTEE code A50.
How many years of IRS 990 filings does Borough Foundation have?
Borough Foundation has 12 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 $7K in total revenue.
Filing History
IRS 990 filing history for Borough Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Borough Foundation's revenue has grown by 369.7%, moving from $2K to $8K. Total assets increased by 13.4% over the same period, from $1.5M to $1.7M. Total functional expenses rose by 60.6%, from $2K to $4K. In its most recent filing year (2023), Borough Foundation reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8K | $4K | $1.7M | $0 | — | — |
| 2021 | $0 | $3K | $1.5M | $0 | — | — |
| 2020 | $0 | $5K | $1.5M | $0 | — | View 990 |
| 2019 | $0 | $8K | $1.5M | $0 | — | View 990 |
| 2018 | $0 | $4K | $1.5M | $0 | — | View 990 |
| 2017 | $0 | $5K | $1.5M | $0 | — | View 990 |
| 2016 | $200 | $901 | $1.5M | $0 | — | View 990 |
| 2015 | $60K | $4K | $1.5M | $0 | — | View 990 |
| 2014 | $5K | $5K | $1.5M | $0 | — | View 990 |
| 2013 | $2K | $4K | $1.5M | $0 | — | View 990 |
| 2012 | $5K | $4K | $1.5M | $0 | — | View 990 |
| 2011 | $2K | $2K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8K, expenses of $4K, and assets of $1.7M.
- 2021: Revenue of $0, expenses of $3K, and assets of $1.5M.
- 2020: Revenue of $0, expenses of $5K, and assets of $1.5M.
- 2019: Revenue of $0, expenses of $8K, and assets of $1.5M.
- 2018: Revenue of $0, expenses of $4K, and assets of $1.5M.
- 2017: Revenue of $0, expenses of $5K, and assets of $1.5M (revenue -100.0% year-over-year).
- 2016: Revenue of $200, expenses of $901, and assets of $1.5M (revenue -99.7% year-over-year).
- 2015: Revenue of $60K, expenses of $4K, and assets of $1.5M (revenue +1233.3% year-over-year).
- 2014: Revenue of $5K, expenses of $5K, and assets of $1.5M (revenue +125.0% year-over-year).
- 2013: Revenue of $2K, expenses of $4K, and assets of $1.5M (revenue -55.6% year-over-year).
- 2012: Revenue of $5K, expenses of $4K, and assets of $1.5M (revenue +150.0% year-over-year).
- 2011: Revenue of $2K, expenses of $2K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Borough Foundation:
Data Sources and Methodology
This transparency report for Borough Foundation 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.