College Of Charleston Foundation
EIN: 237069236 · Charleston, SC · NTEE: B114
| Metric | Value |
|---|---|
| Total Revenue | $40.4M |
| Total Expenses | $14.6M |
| Net Assets | $172.5M |
Is College Of Charleston Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About College Of Charleston Foundation
College Of Charleston Foundation (EIN: 237069236) is a nonprofit organization based in Charleston, SC, classified under NTEE code B114. The organization reported total revenue of $40.4M and total assets of $222.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of College Of Charleston Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
College Of Charleston Foundation is a large nonprofit that has been operating for 55 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.2M |
| Total Expenses | $14.6M |
| Surplus / Deficit | $-1,402,694 |
| Total Assets | $176.6M |
| Total Liabilities | $4.1M |
| Net Assets | $172.5M |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 145.1 months |
Financial Health Grade: B
In 2023, College Of Charleston Foundation reported a deficit of $1.4M with expenses exceeding revenue, holds 145.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), College Of Charleston Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.8% | +18.9% | +6.7% |
| 2022 | +12.6% | -2.2% | -5.5% |
| 2021 | -14.9% | +5.1% | +21.7% |
| 2020 | -5.3% | +11.6% | +4.0% |
| 2019 | -41.4% | -3.6% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for College Of Charleston Foundation 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 College Of Charleston Foundation 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.3%.
Frequently Asked Questions about College Of Charleston Foundation
Is College Of Charleston Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, College Of Charleston Foundation (EIN: 237069236) insufficient data. 0 red flags identified, 0 strengths noted.
How does College Of Charleston Foundation spend its money?
Detailed spending breakdown data is not yet available for College Of Charleston Foundation. Check back for updated IRS 990 analysis.
Are donations to College Of Charleston Foundation tax-deductible?
College Of Charleston Foundation is registered as a tax-exempt nonprofit (EIN: 237069236). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is College Of Charleston Foundation located?
College Of Charleston Foundation is headquartered in Charleston, South Carolina and files with the IRS under EIN 237069236. It is classified under NTEE code B114.
How many years of IRS 990 filings does College Of Charleston Foundation have?
College Of Charleston Foundation has 12 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 $40.4M in total revenue.
Filing History
IRS 990 filing history for College Of Charleston Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), College Of Charleston Foundation's revenue has declined by 7%, moving from $14.2M to $13.2M. Total assets increased by 106.7% over the same period, from $85.5M to $176.6M. Total functional expenses rose by 67.5%, from $8.7M to $14.6M. In its most recent filing year (2023), College Of Charleston Foundation reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $4.1M in liabilities against $176.6M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $172.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.2M | $14.6M | $176.6M | $4.1M | — | View 990 |
| 2022 | $11.4M | $12.3M | $165.5M | $2.0M | — | View 990 |
| 2021 | $10.1M | $12.6M | $175.1M | $1.9M | — | View 990 |
| 2020 | $11.9M | $12.0M | $143.9M | $1.5M | — | View 990 |
| 2019 | $12.6M | $10.7M | $138.3M | $1.7M | — | View 990 |
| 2018 | $21.5M | $11.1M | $130.5M | $2.3M | — | View 990 |
| 2017 | $11.1M | $12.3M | $114.4M | $2.8M | — | View 990 |
| 2016 | $15.7M | $12.3M | $106.4M | $2.3M | — | View 990 |
| 2015 | $13.3M | $12.6M | $104.8M | $2.4M | — | View 990 |
| 2014 | $16.5M | $11.2M | $104.9M | $3.1M | — | View 990 |
| 2013 | $16.8M | $10.0M | $95.9M | $2.0M | — | View 990 |
| 2012 | $14.2M | $8.7M | $85.5M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.2M, expenses of $14.6M, and assets of $176.6M (revenue +15.8% year-over-year).
- 2022: Revenue of $11.4M, expenses of $12.3M, and assets of $165.5M (revenue +12.6% year-over-year).
- 2021: Revenue of $10.1M, expenses of $12.6M, and assets of $175.1M (revenue -14.9% year-over-year).
- 2020: Revenue of $11.9M, expenses of $12.0M, and assets of $143.9M (revenue -5.3% year-over-year).
- 2019: Revenue of $12.6M, expenses of $10.7M, and assets of $138.3M (revenue -41.4% year-over-year).
- 2018: Revenue of $21.5M, expenses of $11.1M, and assets of $130.5M (revenue +93.9% year-over-year).
- 2017: Revenue of $11.1M, expenses of $12.3M, and assets of $114.4M (revenue -29.7% year-over-year).
- 2016: Revenue of $15.7M, expenses of $12.3M, and assets of $106.4M (revenue +18.6% year-over-year).
- 2015: Revenue of $13.3M, expenses of $12.6M, and assets of $104.8M (revenue -19.4% year-over-year).
- 2014: Revenue of $16.5M, expenses of $11.2M, and assets of $104.9M (revenue -2.0% year-over-year).
- 2013: Revenue of $16.8M, expenses of $10.0M, and assets of $95.9M (revenue +18.3% year-over-year).
- 2012: Revenue of $14.2M, expenses of $8.7M, and assets of $85.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for College Of Charleston Foundation:
Data Sources and Methodology
This transparency report for College Of Charleston 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.