Chapin Foundation Of Myrtle Beach Sc
EIN: 566039453 · Myrtle Beach, SC
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $2.9M |
| Net Assets | $14.1M |
Is Chapin Foundation Of Myrtle Beach Sc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chapin Foundation Of Myrtle Beach Sc
Chapin Foundation Of Myrtle Beach Sc (EIN: 566039453) is a nonprofit organization based in Myrtle Beach, SC. The organization reported total revenue of $3.9M and total assets of $15.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chapin Foundation Of Myrtle Beach Sc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chapin Foundation Of Myrtle Beach Sc is a mid-size nonprofit that has been operating for 8 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 24.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$247K |
| Total Assets | $14.1M |
| Net Assets | $14.1M |
| Operating Margin | 7.8% |
| Months of Reserves | 58.1 months |
Financial Health Grade: A
In 2022, Chapin Foundation Of Myrtle Beach Sc reported a surplus of $247K with revenue exceeding expenses, holds 58.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2010–2022), Chapin Foundation Of Myrtle Beach Sc's revenue has grown at a compound annual growth rate (CAGR) of 24.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +8.6% | +10.4% | +1.7% |
| 2021 | +59.2% | +79.4% | +1.9% |
| 2020 | -34.3% | -30.1% | +2.9% |
| 2019 | +3.7% | -6.0% | +7.2% |
| 2018 | +1.9% | -16.1% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chapin Foundation Of Myrtle Beach 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 Chapin Foundation Of Myrtle Beach 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $247K, with revenue exceeding expenses.
Frequently Asked Questions about Chapin Foundation Of Myrtle Beach Sc
Is Chapin Foundation Of Myrtle Beach Sc a legitimate charity?
Chapin Foundation Of Myrtle Beach Sc (EIN: 566039453) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $3.9M. No red flags identified. Financial health grade: A.
How does Chapin Foundation Of Myrtle Beach Sc spend its money?
Chapin Foundation Of Myrtle Beach Sc reported $3.9M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chapin Foundation Of Myrtle Beach Sc tax-deductible?
Chapin Foundation Of Myrtle Beach Sc is registered as a tax-exempt nonprofit (EIN: 566039453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chapin Foundation Of Myrtle Beach Sc located?
Chapin Foundation Of Myrtle Beach Sc is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 566039453.
How many years of IRS 990 filings does Chapin Foundation Of Myrtle Beach Sc have?
Chapin Foundation Of Myrtle Beach 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 $3.9M in total revenue.
Filing History
IRS 990 filing history for Chapin Foundation Of Myrtle Beach Sc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Chapin Foundation Of Myrtle Beach Sc's revenue has grown by 1295%, moving from $227K to $3.2M. Total assets increased by 94% over the same period, from $7.3M to $14.1M. Total functional expenses rose by 634.7%, from $397K to $2.9M. In its most recent filing year (2022), Chapin Foundation Of Myrtle Beach Sc reported a surplus of $247K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.2M | $2.9M | $14.1M | $0 | — | View 990 |
| 2021 | $2.9M | $2.6M | $13.9M | $16K | — | View 990 |
| 2020 | $1.8M | $1.5M | $13.6M | $23K | — | — |
| 2019 | $2.8M | $2.1M | $13.2M | $0 | — | View 990 |
| 2018 | $2.7M | $2.2M | $12.3M | $0 | — | View 990 |
| 2017 | $2.6M | $2.7M | $12.1M | $0 | — | View 990 |
| 2016 | $2.8M | $2.9M | $11.3M | $0 | — | View 990 |
| 2015 | $7.3M | $2.4M | $12.2M | $0 | — | View 990 |
| 2014 | $652K | $699K | $7.2M | $0 | — | View 990 |
| 2013 | $151K | $441K | $7.3M | $0 | — | View 990 |
| 2012 | $725K | $378K | $7.6M | $0 | — | View 990 |
| 2011 | $302K | $347K | $7.2M | $0 | — | View 990 |
| 2010 | $227K | $397K | $7.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.2M, expenses of $2.9M, and assets of $14.1M (revenue +8.6% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.6M, and assets of $13.9M (revenue +59.2% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.5M, and assets of $13.6M (revenue -34.3% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.1M, and assets of $13.2M (revenue +3.7% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.2M, and assets of $12.3M (revenue +1.9% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.7M, and assets of $12.1M (revenue -7.5% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.9M, and assets of $11.3M (revenue -61.2% year-over-year).
- 2015: Revenue of $7.3M, expenses of $2.4M, and assets of $12.2M (revenue +1027.1% year-over-year).
- 2014: Revenue of $652K, expenses of $699K, and assets of $7.2M (revenue +330.7% year-over-year).
- 2013: Revenue of $151K, expenses of $441K, and assets of $7.3M (revenue -79.1% year-over-year).
- 2012: Revenue of $725K, expenses of $378K, and assets of $7.6M (revenue +139.8% year-over-year).
- 2011: Revenue of $302K, expenses of $347K, and assets of $7.2M (revenue +33.5% year-over-year).
- 2010: Revenue of $227K, expenses of $397K, and assets of $7.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chapin Foundation Of Myrtle Beach Sc:
Data Sources and Methodology
This transparency report for Chapin Foundation Of Myrtle Beach 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.