Colleton County Arts Council Incorporated
EIN: 570966741 · Walterboro, SC · NTEE: A260
| Metric | Value |
|---|---|
| Total Revenue | $45K |
| Total Expenses | $68K |
| Net Assets | $56K |
Is Colleton County Arts Council Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Colleton County Arts Council Incorporated
Colleton County Arts Council Incorporated (EIN: 570966741) is a nonprofit organization based in Walterboro, SC, classified under NTEE code A260. The organization reported total revenue of $45K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colleton County Arts Council Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colleton County Arts Council Incorporated is a micro nonprofit that has been operating for 29 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $68K |
| Surplus / Deficit | $-18,326 |
| Total Assets | $56K |
| Net Assets | $56K |
| Operating Margin | -36.8% |
| Months of Reserves | 9.9 months |
Financial Health Grade: B
In 2022, Colleton County Arts Council Incorporated reported a deficit of $18K with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Colleton County Arts Council Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -54.9% | -19.2% | -24.7% |
| 2021 | +118.6% | +72.9% | +54.5% |
| 2020 | -42.1% | -45.9% | -15.8% |
| 2019 | +31.0% | +40.0% | -4.6% |
| 2018 | +4.2% | +2.3% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Colleton County Arts Council Incorporated 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 Colleton County Arts Council Incorporated 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 deficit of $18K, with expenses exceeding revenue.
Frequently Asked Questions about Colleton County Arts Council Incorporated
Is Colleton County Arts Council Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Colleton County Arts Council Incorporated (EIN: 570966741) insufficient data. 0 red flags identified, 0 strengths noted.
How does Colleton County Arts Council Incorporated spend its money?
Detailed spending breakdown data is not yet available for Colleton County Arts Council Incorporated. Check back for updated IRS 990 analysis.
Are donations to Colleton County Arts Council Incorporated tax-deductible?
Colleton County Arts Council Incorporated is registered as a tax-exempt nonprofit (EIN: 570966741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Colleton County Arts Council Incorporated located?
Colleton County Arts Council Incorporated is headquartered in Walterboro, South Carolina and files with the IRS under EIN 570966741. It is classified under NTEE code A260.
How many years of IRS 990 filings does Colleton County Arts Council Incorporated have?
Colleton County Arts Council Incorporated 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 $45K in total revenue.
Filing History
IRS 990 filing history for Colleton County Arts Council Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Colleton County Arts Council Incorporated's revenue has declined by 30.5%, moving from $72K to $50K. Total assets increased by 54.8% over the same period, from $36K to $56K. Total functional expenses fell by 14.5%, from $80K to $68K. In its most recent filing year (2022), Colleton County Arts Council Incorporated reported a deficit of $18K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $50K | $68K | $56K | $0 | — | — |
| 2021 | $111K | $84K | $74K | $0 | — | View 990 |
| 2020 | $51K | $49K | $48K | $0 | — | — |
| 2019 | $87K | $90K | $57K | $614 | — | View 990 |
| 2018 | $67K | $64K | $60K | $621 | — | View 990 |
| 2017 | $64K | $63K | $57K | $523 | — | View 990 |
| 2016 | $75K | $71K | $56K | $563 | — | View 990 |
| 2015 | $68K | $89K | $53K | $674 | — | View 990 |
| 2014 | $88K | $84K | $73K | $651 | — | View 990 |
| 2013 | $35K | $66K | $69K | $0 | — | View 990 |
| 2012 | $201K | $97K | $101K | $792 | — | View 990 |
| 2011 | $72K | $80K | $36K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $50K, expenses of $68K, and assets of $56K (revenue -54.9% year-over-year).
- 2021: Revenue of $111K, expenses of $84K, and assets of $74K (revenue +118.6% year-over-year).
- 2020: Revenue of $51K, expenses of $49K, and assets of $48K (revenue -42.1% year-over-year).
- 2019: Revenue of $87K, expenses of $90K, and assets of $57K (revenue +31.0% year-over-year).
- 2018: Revenue of $67K, expenses of $64K, and assets of $60K (revenue +4.2% year-over-year).
- 2017: Revenue of $64K, expenses of $63K, and assets of $57K (revenue -14.8% year-over-year).
- 2016: Revenue of $75K, expenses of $71K, and assets of $56K (revenue +10.6% year-over-year).
- 2015: Revenue of $68K, expenses of $89K, and assets of $53K (revenue -22.9% year-over-year).
- 2014: Revenue of $88K, expenses of $84K, and assets of $73K (revenue +155.0% year-over-year).
- 2013: Revenue of $35K, expenses of $66K, and assets of $69K (revenue -82.9% year-over-year).
- 2012: Revenue of $201K, expenses of $97K, and assets of $101K (revenue +181.1% year-over-year).
- 2011: Revenue of $72K, expenses of $80K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colleton County Arts Council Incorporated:
Data Sources and Methodology
This transparency report for Colleton County Arts Council Incorporated 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.