Chicora Foundation Inc
EIN: 570774537 · Columbia, SC
| Metric | Value |
|---|---|
| Total Revenue | $7K |
| Total Expenses | $35K |
| Net Assets | $154K |
Is Chicora Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chicora Foundation Inc
Chicora Foundation Inc (EIN: 570774537) is a nonprofit organization based in Columbia, SC. The organization reported total revenue of $7K and total assets of $119K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicora Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicora Foundation Inc is a micro nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -16.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $35K |
| Surplus / Deficit | $-11,524 |
| Total Assets | $154K |
| Total Liabilities | $757 |
| Net Assets | $154K |
| Operating Margin | -49.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 53.1 months |
Financial Health Grade: B
In 2023, Chicora Foundation Inc reported a deficit of $12K with expenses exceeding revenue, holds 53.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chicora Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.3% | -30.8% | -9.4% |
| 2022 | +27.9% | -61.8% | +2.6% |
| 2021 | -28.2% | -33.8% | -30.4% |
| 2020 | -50.1% | -32.9% | -34.0% |
| 2019 | -65.5% | -22.2% | -29.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 8000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chicora Foundation Inc 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 Chicora Foundation Inc 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 deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Chicora Foundation Inc
Is Chicora Foundation Inc a legitimate charity?
Chicora Foundation Inc (EIN: 570774537) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $7K. No red flags identified. Financial health grade: B.
How does Chicora Foundation Inc spend its money?
Chicora Foundation Inc reported $7K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chicora Foundation Inc tax-deductible?
Chicora Foundation Inc is registered as a tax-exempt nonprofit (EIN: 570774537). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chicora Foundation Inc located?
Chicora Foundation Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 570774537.
How many years of IRS 990 filings does Chicora Foundation Inc have?
Chicora Foundation Inc 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 $7K in total revenue.
Filing History
IRS 990 filing history for Chicora Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chicora Foundation Inc's revenue has declined by 89%, moving from $212K to $23K. Total assets decreased by 69.9% over the same period, from $513K to $154K. Total functional expenses fell by 86.9%, from $267K to $35K. In its most recent filing year (2023), Chicora Foundation Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $757 in liabilities against $154K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $154K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $35K | $154K | $757 | — | View 990 |
| 2022 | $64K | $50K | $171K | $757 | — | — |
| 2021 | $50K | $132K | $166K | $757 | — | — |
| 2020 | $70K | $200K | $239K | $757 | — | View 990 |
| 2019 | $139K | $298K | $362K | $757 | — | View 990 |
| 2018 | $404K | $383K | $516K | $764 | — | View 990 |
| 2017 | $456K | $575K | $496K | $6K | — | View 990 |
| 2016 | $290K | $298K | $588K | $2K | — | View 990 |
| 2015 | $478K | $439K | $609K | $3K | — | View 990 |
| 2014 | $228K | $293K | $571K | $4K | — | View 990 |
| 2013 | $272K | $299K | $603K | $3K | — | View 990 |
| 2012 | $395K | $310K | $583K | $3K | — | View 990 |
| 2011 | $212K | $267K | $513K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $35K, and assets of $154K (revenue -63.3% year-over-year).
- 2022: Revenue of $64K, expenses of $50K, and assets of $171K (revenue +27.9% year-over-year).
- 2021: Revenue of $50K, expenses of $132K, and assets of $166K (revenue -28.2% year-over-year).
- 2020: Revenue of $70K, expenses of $200K, and assets of $239K (revenue -50.1% year-over-year).
- 2019: Revenue of $139K, expenses of $298K, and assets of $362K (revenue -65.5% year-over-year).
- 2018: Revenue of $404K, expenses of $383K, and assets of $516K (revenue -11.3% year-over-year).
- 2017: Revenue of $456K, expenses of $575K, and assets of $496K (revenue +57.1% year-over-year).
- 2016: Revenue of $290K, expenses of $298K, and assets of $588K (revenue -39.3% year-over-year).
- 2015: Revenue of $478K, expenses of $439K, and assets of $609K (revenue +109.4% year-over-year).
- 2014: Revenue of $228K, expenses of $293K, and assets of $571K (revenue -16.1% year-over-year).
- 2013: Revenue of $272K, expenses of $299K, and assets of $603K (revenue -31.2% year-over-year).
- 2012: Revenue of $395K, expenses of $310K, and assets of $583K (revenue +86.0% year-over-year).
- 2011: Revenue of $212K, expenses of $267K, and assets of $513K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chicora Foundation Inc:
Data Sources and Methodology
This transparency report for Chicora Foundation Inc 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.