Carolina Soaring Association
Carolina Soaring Association maintains stable finances with consistent surpluses and no liabilities.
EIN: 208227921 · Spartanburg, SC · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $37K |
| Total Expenses | $31K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $30,000 |
| Net Assets | $67K |
| Transparency Score | 85/100 |
Is Carolina Soaring Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carolina Soaring Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carolina Soaring Association
Carolina Soaring Association (EIN: 208227921) is a nonprofit organization based in Spartanburg, SC, classified under NTEE code N60. The organization reported total revenue of $37K and total assets of $72K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carolina Soaring Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carolina Soaring Association is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35K |
| Total Expenses | $31K |
| Surplus / Deficit | +$4K |
| Total Assets | $67K |
| Net Assets | $67K |
| Operating Margin | 11.4% |
| Months of Reserves | 25.7 months |
Financial Health Grade: A
In 2023, Carolina Soaring Association reported a surplus of $4K with revenue exceeding expenses, holds 25.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Carolina Soaring Association's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.6% | -13.8% | +6.4% |
| 2022 | +17.8% | +7.5% | +3.9% |
| 2021 | +20.3% | +9.7% | -1.5% |
| 2020 | -10.0% | -34.8% | -5.4% |
| 2019 | +22.8% | +93.9% | -20.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Soaring Association 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 Soaring Association 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 surplus of $4K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is likely volunteer-based, which is highly efficient for an organization of this size with annual revenues around $30,000-$40,000.
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 Soaring Association:
- Consistent financial surpluses (e.g., $4,022 in 2023, $2,361 in 2022).
- Zero reported liabilities across all filing periods, indicating strong financial health.
- No officer compensation, suggesting efficient use of funds and volunteer leadership.
- Steady growth in assets from $60,187 in 2021 to $66,570 in 2023.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Carolina Soaring Association
Is Carolina Soaring Association a legitimate charity?
Carolina Soaring Association (EIN: 208227921) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $37K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Carolina Soaring Association spend its money?
Carolina Soaring Association directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Carolina Soaring Association tax-deductible?
Carolina Soaring Association is registered as a tax-exempt nonprofit (EIN: 208227921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Carolina Soaring Association CEO make?
Carolina Soaring Association's highest-compensated officer earns $30,000 annually. The organization reported $37K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Carolina Soaring Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Carolina Soaring Association is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carolina Soaring Association located?
Carolina Soaring Association is headquartered in Spartanburg, South Carolina and files with the IRS under EIN 208227921. It is classified under NTEE code N60.
How many years of IRS 990 filings does Carolina Soaring Association have?
Carolina Soaring Association 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 $37K in total revenue.
Is Carolina Soaring Association a good charity?
Based on the provided financial data, Carolina Soaring Association appears to be a well-managed organization. It consistently operates with surpluses (e.g., $4,022 in 2023) and has no reported liabilities, indicating strong financial health. The absence of officer compensation suggests a high dedication to its mission and efficient use of funds.
How has the organization's financial health changed over time?
Carolina Soaring Association has shown consistent financial stability. While revenue and expenses fluctuate year-to-year, assets have generally grown from $60,187 in 2021 to $66,570 in 2023, and the organization has maintained zero liabilities throughout the reported periods.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its leadership is unpaid, which is a strong positive for resource allocation.
Filing History
IRS 990 filing history for Carolina Soaring Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carolina Soaring Association's revenue has declined by 26.6%, moving from $48K to $35K. Total assets decreased by 25.6% over the same period, from $90K to $67K. Total functional expenses fell by 30.4%, from $45K to $31K. In its most recent filing year (2023), Carolina Soaring Association reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35K | $31K | $67K | $0 | — | — |
| 2022 | $38K | $36K | $63K | $0 | — | — |
| 2021 | $33K | $34K | $60K | $0 | — | — |
| 2020 | $27K | $31K | $61K | $0 | — | View 990 |
| 2019 | $30K | $47K | $65K | $0 | — | View 990 |
| 2018 | $25K | $24K | $81K | $0 | — | View 990 |
| 2017 | $35K | $29K | $81K | $0 | — | View 990 |
| 2016 | $40K | $31K | $75K | $0 | — | View 990 |
| 2015 | $31K | $42K | $66K | $0 | — | View 990 |
| 2014 | $36K | $41K | $76K | $0 | — | View 990 |
| 2013 | $43K | $47K | $81K | $0 | — | View 990 |
| 2012 | $36K | $41K | $84K | $0 | — | View 990 |
| 2011 | $48K | $45K | $90K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35K, expenses of $31K, and assets of $67K (revenue -8.6% year-over-year).
- 2022: Revenue of $38K, expenses of $36K, and assets of $63K (revenue +17.8% year-over-year).
- 2021: Revenue of $33K, expenses of $34K, and assets of $60K (revenue +20.3% year-over-year).
- 2020: Revenue of $27K, expenses of $31K, and assets of $61K (revenue -10.0% year-over-year).
- 2019: Revenue of $30K, expenses of $47K, and assets of $65K (revenue +22.8% year-over-year).
- 2018: Revenue of $25K, expenses of $24K, and assets of $81K (revenue -29.3% year-over-year).
- 2017: Revenue of $35K, expenses of $29K, and assets of $81K (revenue -12.7% year-over-year).
- 2016: Revenue of $40K, expenses of $31K, and assets of $75K (revenue +26.5% year-over-year).
- 2015: Revenue of $31K, expenses of $42K, and assets of $66K (revenue -12.1% year-over-year).
- 2014: Revenue of $36K, expenses of $41K, and assets of $76K (revenue -17.6% year-over-year).
- 2013: Revenue of $43K, expenses of $47K, and assets of $81K (revenue +21.3% year-over-year).
- 2012: Revenue of $36K, expenses of $41K, and assets of $84K (revenue -25.1% year-over-year).
- 2011: Revenue of $48K, expenses of $45K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carolina Soaring Association:
Data Sources and Methodology
This transparency report for Carolina Soaring Association 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.