Charleston Digital Corridor Foundation
Charleston Digital Corridor Foundation shows strong financial growth and zero officer compensation.
EIN: 200836170 · Charleston, SC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| Net Assets | $4.1M |
| Transparency Score | 95/100 |
Is Charleston Digital Corridor Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charleston Digital Corridor Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charleston Digital Corridor Foundation
Charleston Digital Corridor Foundation (EIN: 200836170) is a nonprofit organization based in Charleston, SC, classified under NTEE code S41. The organization reported total revenue of $2.4M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charleston Digital Corridor Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charleston Digital Corridor Foundation is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$791K |
| Total Assets | $4.2M |
| Total Liabilities | $116K |
| Net Assets | $4.1M |
| Operating Margin | 34.8% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 33.8 months |
Financial Health Grade: A
In 2023, Charleston Digital Corridor Foundation reported a surplus of $791K with revenue exceeding expenses, holds 33.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Charleston Digital Corridor Foundation's revenue has grown at a compound annual growth rate (CAGR) of 16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.9% | -5.6% | +23.1% |
| 2022 | -2.6% | +30.6% | +8.0% |
| 2021 | +26.4% | +5.5% | +26.8% |
| 2020 | -9.4% | +7.8% | +16.2% |
| 2019 | +58.9% | +25.6% | +41.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Charleston Digital Corridor Foundation with a Mission Score of 95 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, Charleston Digital Corridor Foundation 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 $791K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers from the organization's funds. This suggests a volunteer leadership model or that executive compensation is covered by an external entity, which is highly favorable for a nonprofit's financial efficiency.
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 Charleston Digital Corridor Foundation:
- Consistent asset growth, nearly doubling from $2.4M in 2020 to $4.9M currently.
- Zero officer compensation reported across all filings, indicating high efficiency and transparency.
- Revenue consistently exceeds expenses, leading to healthy surpluses and asset accumulation.
- Strong financial health with increasing revenue and assets over the past several years.
- Low liabilities relative to assets, indicating a stable financial position (e.g., $116,155 liabilities vs $4,180,854 assets in 2023).
Frequently Asked Questions about Charleston Digital Corridor Foundation
Is Charleston Digital Corridor Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Charleston Digital Corridor Foundation (EIN: 200836170) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Charleston Digital Corridor Foundation spend its money?
Charleston Digital Corridor Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charleston Digital Corridor Foundation tax-deductible?
Charleston Digital Corridor Foundation is registered as a tax-exempt nonprofit (EIN: 200836170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Charleston Digital Corridor Foundation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Charleston Digital Corridor Foundation is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Charleston Digital Corridor Foundation located?
Charleston Digital Corridor Foundation is headquartered in Charleston, South Carolina and files with the IRS under EIN 200836170. It is classified under NTEE code S41.
How many years of IRS 990 filings does Charleston Digital Corridor Foundation have?
Charleston Digital Corridor Foundation 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 $2.4M in total revenue.
Is Charleston Digital Corridor Foundation a good charity?
Based on its financial data, the Charleston Digital Corridor Foundation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and a remarkable commitment to directing all funds to its mission by reporting zero officer compensation.
How does the organization manage its executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, meaning no salaries are paid to its officers from the organization's funds. This is a highly positive indicator of financial stewardship.
What is the trend in the organization's financial health?
The organization shows a strong upward trend in financial health, with revenue growing from $1,468,608 in 2020 to $2,275,599 in 2023, and assets nearly doubling from $2,479,454 in 2020 to $4,976,550 currently. This indicates robust growth and financial stability.
Filing History
IRS 990 filing history for Charleston Digital Corridor Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Charleston Digital Corridor Foundation's revenue has grown by 536.2%, moving from $358K to $2.3M. Total assets increased by 1330.2% over the same period, from $292K to $4.2M. Total functional expenses rose by 437%, from $276K to $1.5M. In its most recent filing year (2023), Charleston Digital Corridor Foundation reported a surplus of $791K, with revenue exceeding expenses. The organization holds $116K in liabilities against $4.2M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.5M | $4.2M | $116K | — | — |
| 2022 | $1.8M | $1.6M | $3.4M | $150K | — | View 990 |
| 2021 | $1.9M | $1.2M | $3.1M | $135K | — | View 990 |
| 2020 | $1.5M | $1.1M | $2.5M | $121K | — | View 990 |
| 2019 | $1.6M | $1.1M | $2.1M | $102K | — | View 990 |
| 2018 | $1.0M | $843K | $1.5M | $45K | — | View 990 |
| 2017 | $1.2M | $751K | $1.4M | $31K | — | View 990 |
| 2016 | $1.0M | $931K | $923K | $32K | — | View 990 |
| 2015 | $731K | $646K | $811K | $25K | — | View 990 |
| 2014 | $838K | $543K | $799K | $72K | — | View 990 |
| 2013 | $600K | $500K | $466K | $26K | — | View 990 |
| 2012 | $505K | $440K | $357K | $28K | — | View 990 |
| 2011 | $358K | $276K | $292K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.5M, and assets of $4.2M (revenue +25.9% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.6M, and assets of $3.4M (revenue -2.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.2M, and assets of $3.1M (revenue +26.4% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.1M, and assets of $2.5M (revenue -9.4% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.1M, and assets of $2.1M (revenue +58.9% year-over-year).
- 2018: Revenue of $1.0M, expenses of $843K, and assets of $1.5M (revenue -15.9% year-over-year).
- 2017: Revenue of $1.2M, expenses of $751K, and assets of $1.4M (revenue +17.3% year-over-year).
- 2016: Revenue of $1.0M, expenses of $931K, and assets of $923K (revenue +41.7% year-over-year).
- 2015: Revenue of $731K, expenses of $646K, and assets of $811K (revenue -12.8% year-over-year).
- 2014: Revenue of $838K, expenses of $543K, and assets of $799K (revenue +39.6% year-over-year).
- 2013: Revenue of $600K, expenses of $500K, and assets of $466K (revenue +18.9% year-over-year).
- 2012: Revenue of $505K, expenses of $440K, and assets of $357K (revenue +41.1% year-over-year).
- 2011: Revenue of $358K, expenses of $276K, and assets of $292K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charleston Digital Corridor Foundation:
Data Sources and Methodology
This transparency report for Charleston Digital Corridor 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.