Concerned Citizens Of Sol Legarefoundation
Small Charleston nonprofit maintains minimal assets with consistent zero officer compensation.
EIN: 204638339 · Charleston, SC · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19K |
| Total Expenses | $3K |
| Program Spending | 80% |
| Net Assets | $500 |
| Transparency Score | 65/100 |
Is Concerned Citizens Of Sol Legarefoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Concerned Citizens Of Sol Legarefoundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concerned Citizens Of Sol Legarefoundation
Concerned Citizens Of Sol Legarefoundation (EIN: 204638339) is a nonprofit organization based in Charleston, SC, classified under NTEE code S20. The organization reported total revenue of $19K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concerned Citizens Of Sol Legarefoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concerned Citizens Of Sol Legarefoundation is a micro nonprofit that has been operating for 1 years, with 6 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -7.5%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $3K |
| Surplus / Deficit | +$500 |
| Total Assets | $3K |
| Total Liabilities | $3K |
| Net Assets | $500 |
| Operating Margin | 16.7% |
| Debt-to-Asset Ratio | 83.3% |
| Months of Reserves | 14.4 months |
Financial Health Grade: A
In 2017, Concerned Citizens Of Sol Legarefoundation reported a surplus of $500 with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 83.3% (high leverage).
Financial Trends
Over 6 years of filings (2011–2017), Concerned Citizens Of Sol Legarefoundation's revenue has declined at a compound annual growth rate (CAGR) of -7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -37.5% | -47.9% | +299900.0% |
| 2015 | +0.0% | +0.0% | +0.0% |
| 2014 | +0.0% | +0.0% | +0.0% |
| 2013 | +0.0% | +0.0% | +0.0% |
| 2012 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2025 |
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 Concerned Citizens Of Sol Legarefoundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Concerned Citizens Of Sol Legarefoundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $500, with revenue exceeding expenses.
- Debt-to-asset ratio: 83.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization, which is commendable for an organization of this size.
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.
Red Flags
The following concerns were identified during AI analysis of Concerned Citizens Of Sol Legarefoundation's IRS 990 filings:
- Very low asset base ($2,034 latest) may limit long-term sustainability or capacity for larger projects.
- Lack of detailed expense breakdown in available data makes precise spending efficiency difficult to ascertain.
Strengths
The following positive indicators were identified for Concerned Citizens Of Sol Legarefoundation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission.
- Generally low liabilities, suggesting financial prudence (e.g., $0 liabilities in most filings).
- Consistent filing of IRS 990s, demonstrating a commitment to transparency.
Frequently Asked Questions about Concerned Citizens Of Sol Legarefoundation
Is Concerned Citizens Of Sol Legarefoundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Concerned Citizens Of Sol Legarefoundation (EIN: 204638339) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Concerned Citizens Of Sol Legarefoundation spend its money?
Concerned Citizens Of Sol Legarefoundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Concerned Citizens Of Sol Legarefoundation tax-deductible?
Concerned Citizens Of Sol Legarefoundation is registered as a tax-exempt nonprofit (EIN: 204638339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Concerned Citizens Of Sol Legarefoundation's spending goes to programs?
Concerned Citizens Of Sol Legarefoundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Concerned Citizens Of Sol Legarefoundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Concerned Citizens Of Sol Legarefoundation is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Concerned Citizens Of Sol Legarefoundation located?
Concerned Citizens Of Sol Legarefoundation is headquartered in Charleston, South Carolina and files with the IRS under EIN 204638339. It is classified under NTEE code S20.
How many years of IRS 990 filings does Concerned Citizens Of Sol Legarefoundation have?
Concerned Citizens Of Sol Legarefoundation has 6 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 $19K in total revenue.
Is Concerned Citizens Of Sol Legarefoundation a good charity?
Based on the available IRS 990 data, the organization demonstrates good financial stewardship by reporting zero officer compensation. However, its very small scale and limited asset base suggest a grassroots operation, and more detailed program impact information would be needed to fully assess its effectiveness as a charity.
What is the organization's primary focus?
The NTEE code S20 indicates 'Community Development, Housing, and Employment' as its primary focus. Without more detailed program descriptions in the 990s, specific activities are not clear from the financial data alone.
How has the organization's financial health changed over time?
The organization has consistently operated with low revenue and assets. While earlier filings showed assets of $1, the most recent filing (Period 201712) reported an increase in assets to $2,034 and revenue of $3,000, suggesting a slight improvement in its financial position compared to previous years where revenue often equaled expenses.
Filing History
IRS 990 filing history for Concerned Citizens Of Sol Legarefoundation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2017), Concerned Citizens Of Sol Legarefoundation's revenue has declined by 37.5%, moving from $5K to $3K. Total assets increased by 299900% over the same period, from $1 to $3K. Total functional expenses fell by 47.9%, from $5K to $3K. In its most recent filing year (2017), Concerned Citizens Of Sol Legarefoundation reported a surplus of $500, with revenue exceeding expenses. The organization holds $3K in liabilities against $3K in assets (debt-to-asset ratio: 83.3%), resulting in net assets of $500.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $3K | $3K | $3K | $3K | — | View 990 |
| 2015 | $5K | $5K | $1 | $0 | — | — |
| 2014 | $5K | $5K | $1 | $0 | — | — |
| 2013 | $5K | $5K | $1 | $0 | — | — |
| 2012 | $5K | $5K | $1 | $0 | — | — |
| 2011 | $5K | $5K | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2017: Revenue of $3K, expenses of $3K, and assets of $3K (revenue -37.5% year-over-year).
- 2015: Revenue of $5K, expenses of $5K, and assets of $1 (revenue +0.0% year-over-year).
- 2014: Revenue of $5K, expenses of $5K, and assets of $1 (revenue +0.0% year-over-year).
- 2013: Revenue of $5K, expenses of $5K, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $5K, expenses of $5K, and assets of $1 (revenue +0.0% year-over-year).
- 2011: Revenue of $5K, expenses of $5K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concerned Citizens Of Sol Legarefoundation:
Data Sources and Methodology
This transparency report for Concerned Citizens Of Sol Legarefoundation 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.