Clemson Blues Festival Inc
EIN: 320343784 · Clemson, SC · NTEE: A68
Is Clemson Blues Festival Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Clemson Blues Festival Inc
Clemson Blues Festival Inc (EIN: 320343784) is a nonprofit organization based in Clemson, SC, classified under NTEE code A68. The organization reported total revenue of $31K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clemson Blues Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clemson Blues Festival Inc is a micro nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2014–2020). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $31K |
| Total Expenses | $16K |
| Surplus / Deficit | +$15K |
| Total Assets | $44K |
| Net Assets | $44K |
| Operating Margin | 47.7% |
| Months of Reserves | 32.7 months |
Financial Health Grade: A
In 2020, Clemson Blues Festival Inc reported a surplus of $15K with revenue exceeding expenses, holds 32.7 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2014–2020), Clemson Blues Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -37.9% | -67.6% | +50.2% |
| 2019 | +39.4% | +28.7% | -0.5% |
| 2018 | -44.6% | -9.5% | -9.5% |
| 2017 | +84.1% | +20.2% | +195.6% |
| 2016 | -4.9% | +8.5% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Clemson Blues Festival 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 Clemson Blues Festival 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
Frequently Asked Questions about Clemson Blues Festival Inc
Is Clemson Blues Festival Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Clemson Blues Festival Inc (EIN: 320343784) insufficient data. 0 red flags identified, 0 strengths noted.
How does Clemson Blues Festival Inc spend its money?
Detailed spending breakdown data is not yet available for Clemson Blues Festival Inc. Check back for updated IRS 990 analysis.
Are donations to Clemson Blues Festival Inc tax-deductible?
Clemson Blues Festival Inc is registered as a tax-exempt nonprofit (EIN: 320343784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Clemson Blues Festival Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2020), Clemson Blues Festival Inc's revenue has grown by 16.4%, moving from $26K to $31K. Total assets increased by 534.1% over the same period, from $7K to $44K. Total functional expenses fell by 42.6%, from $28K to $16K. In its most recent filing year (2020), Clemson Blues Festival Inc reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $31K | $16K | $44K | $0 | — | View 990 |
| 2019 | $50K | $50K | $29K | $0 | — | View 990 |
| 2018 | $36K | $39K | $29K | $0 | — | — |
| 2017 | $64K | $43K | $33K | $0 | — | View 990 |
| 2016 | $35K | $36K | $11K | $0 | — | View 990 |
| 2015 | $37K | $33K | $12K | $0 | — | View 990 |
| 2014 | $26K | $28K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $31K, expenses of $16K, and assets of $44K (revenue -37.9% year-over-year).
- 2019: Revenue of $50K, expenses of $50K, and assets of $29K (revenue +39.4% year-over-year).
- 2018: Revenue of $36K, expenses of $39K, and assets of $29K (revenue -44.6% year-over-year).
- 2017: Revenue of $64K, expenses of $43K, and assets of $33K (revenue +84.1% year-over-year).
- 2016: Revenue of $35K, expenses of $36K, and assets of $11K (revenue -4.9% year-over-year).
- 2015: Revenue of $37K, expenses of $33K, and assets of $12K (revenue +38.6% year-over-year).
- 2014: Revenue of $26K, expenses of $28K, and assets of $7K.
Data Sources and Methodology
This transparency report for Clemson Blues Festival 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.