Carolina Dive & Rescue
Carolina Dive & Rescue maintains stable operations with no reported officer compensation and zero liabilities.
EIN: 204614755 · Rock Hill, SC · NTEE: I60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $54K |
| Total Expenses | $42K |
| Program Spending | 90% |
| Net Assets | $60K |
| Transparency Score | 85/100 |
Is Carolina Dive & Rescue Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carolina Dive & Rescue directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carolina Dive & Rescue
Carolina Dive & Rescue (EIN: 204614755) is a nonprofit organization based in Rock Hill, SC, classified under NTEE code I60. The organization reported total revenue of $54K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolina Dive & Rescue's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolina Dive & Rescue is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $42K |
| Surplus / Deficit | $-3,713 |
| Total Assets | $60K |
| Net Assets | $60K |
| Operating Margin | -9.6% |
| Months of Reserves | 17.0 months |
Financial Health Grade: B
In 2023, Carolina Dive & Rescue reported a deficit of $4K with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Carolina Dive & Rescue's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.8% | -18.2% | +12.8% |
| 2022 | -7.4% | +27.1% | -25.3% |
| 2021 | +0.8% | +9.2% | +11.0% |
| 2020 | +1.8% | -32.2% | +18.7% |
| 2019 | -51.8% | -11.1% | -13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Carolina Dive & Rescue with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Carolina Dive & Rescue allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Carolina Dive & Rescue consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Carolina Dive & Rescue:
- Zero reported officer compensation across all filings, indicating high efficiency.
- Consistent reporting of $0 liabilities, demonstrating strong financial health and responsible management.
- Long history of IRS 990 filings (13 periods), showing commitment to transparency and compliance.
- Stable asset base, with assets of $59,878 in 2023, providing a buffer for operations.
Frequently Asked Questions about Carolina Dive & Rescue
Is Carolina Dive & Rescue a legitimate charity?
Based on AI analysis of IRS 990 filings, Carolina Dive & Rescue (EIN: 204614755) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Carolina Dive & Rescue spend its money?
Carolina Dive & Rescue directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carolina Dive & Rescue tax-deductible?
Carolina Dive & Rescue is registered as a tax-exempt nonprofit (EIN: 204614755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Carolina Dive & Rescue compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Carolina Dive & Rescue is above average for NTEE category I60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carolina Dive & Rescue located?
Carolina Dive & Rescue is headquartered in Rock Hill, South Carolina and files with the IRS under EIN 204614755. It is classified under NTEE code I60.
How many years of IRS 990 filings does Carolina Dive & Rescue have?
Carolina Dive & Rescue 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 $54K in total revenue.
Is Carolina Dive & Rescue a good charity?
Based on the available data, Carolina Dive & Rescue appears to be a good charity. It consistently reports zero officer compensation, has no liabilities, and maintains a long history of IRS filings, suggesting strong financial stewardship and transparency. While detailed spending breakdowns are not provided, the lack of executive compensation implies a high proportion of funds likely support its mission.
How has Carolina Dive & Rescue's revenue trended over the past few years?
Carolina Dive & Rescue's revenue has fluctuated in recent years. It was $47,708 in 2021, $44,189 in 2022, and $38,524 in 2023, showing a slight downward trend in the most recent periods after a peak of $96,406 in 2018.
What is the organization's financial stability?
The organization demonstrates good financial stability, consistently reporting $0 in liabilities across all 13 filings. While assets have fluctuated, they remain positive, with $59,878 in 2023, indicating a healthy balance sheet for its size.
Filing History
IRS 990 filing history for Carolina Dive & Rescue showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carolina Dive & Rescue's revenue has declined by 65%, moving from $110K to $39K. Total assets increased by 140.1% over the same period, from $25K to $60K. Total functional expenses fell by 50.3%, from $85K to $42K. In its most recent filing year (2023), Carolina Dive & Rescue reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39K | $42K | $60K | $0 | — | View 990 |
| 2022 | $44K | $52K | $53K | $0 | — | — |
| 2021 | $48K | $41K | $71K | $0 | — | View 990 |
| 2020 | $47K | $37K | $64K | $0 | — | — |
| 2019 | $47K | $55K | $54K | $0 | — | View 990 |
| 2018 | $96K | $62K | $62K | $0 | — | View 990 |
| 2017 | $70K | $61K | $28K | $0 | — | View 990 |
| 2016 | $61K | $54K | $18K | $0 | — | View 990 |
| 2015 | $43K | $46K | $11K | $0 | — | View 990 |
| 2014 | $45K | $41K | $15K | $0 | — | View 990 |
| 2013 | $26K | $42K | $11K | $0 | — | View 990 |
| 2012 | $77K | $75K | $27K | $0 | — | View 990 |
| 2011 | $110K | $85K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39K, expenses of $42K, and assets of $60K (revenue -12.8% year-over-year).
- 2022: Revenue of $44K, expenses of $52K, and assets of $53K (revenue -7.4% year-over-year).
- 2021: Revenue of $48K, expenses of $41K, and assets of $71K (revenue +0.8% year-over-year).
- 2020: Revenue of $47K, expenses of $37K, and assets of $64K (revenue +1.8% year-over-year).
- 2019: Revenue of $47K, expenses of $55K, and assets of $54K (revenue -51.8% year-over-year).
- 2018: Revenue of $96K, expenses of $62K, and assets of $62K (revenue +37.2% year-over-year).
- 2017: Revenue of $70K, expenses of $61K, and assets of $28K (revenue +14.4% year-over-year).
- 2016: Revenue of $61K, expenses of $54K, and assets of $18K (revenue +43.7% year-over-year).
- 2015: Revenue of $43K, expenses of $46K, and assets of $11K (revenue -5.3% year-over-year).
- 2014: Revenue of $45K, expenses of $41K, and assets of $15K (revenue +70.5% year-over-year).
- 2013: Revenue of $26K, expenses of $42K, and assets of $11K (revenue -65.6% year-over-year).
- 2012: Revenue of $77K, expenses of $75K, and assets of $27K (revenue -30.0% year-over-year).
- 2011: Revenue of $110K, expenses of $85K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolina Dive & Rescue:
Data Sources and Methodology
This transparency report for Carolina Dive & Rescue 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.