Daniel Island Community Foundation Inc
Daniel Island Community Foundation faces declining revenue and assets, with recent expenses exceeding income.
EIN: 161617047 · Daniel Island, SC · NTEE: T31 · Updated: 2026-03-28
Is Daniel Island Community Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Daniel Island Community Foundation Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Daniel Island Community Foundation Inc
Daniel Island Community Foundation Inc (EIN: 161617047) is a nonprofit organization based in Daniel Island, SC, classified under NTEE code T31. The organization reported total revenue of $23K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Daniel Island Community Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Daniel Island Community Foundation Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Daniel Island Community Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is a positive sign for a nonprofit 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 Daniel Island Community Foundation Inc's IRS 990 filings:
- Significant decline in revenue from $26,246 in 2021 to $6,173 in 2023.
- Expenses exceeded revenue in both 2022 and 2023, indicating operational deficits.
- Substantial asset decline from a peak of $234,622 in 2019 to $31,923 in 2023.
- Large expense spike in 2020 ($246,885) disproportionate to revenue ($43,712) without clear explanation in summary data.
Strengths
The following positive indicators were identified for Daniel Island Community Foundation Inc:
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
- 0% officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
- No reported liabilities across all available filings, suggesting a debt-free status.
Frequently Asked Questions about Daniel Island Community Foundation Inc
Is Daniel Island Community Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Daniel Island Community Foundation Inc (EIN: 161617047) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Daniel Island Community Foundation Inc spend its money?
Daniel Island Community Foundation Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Daniel Island Community Foundation Inc tax-deductible?
Daniel Island Community Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161617047). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Daniel Island Community Foundation Inc. financially stable?
Based on recent filings, the organization's financial stability is concerning. Revenue has significantly decreased from $26,246 in 2021 to $6,173 in 2023, while expenses exceeded revenue in both 2022 ($20,902 expenses vs. $15,995 revenue) and 2023 ($14,817 expenses vs. $6,173 revenue). Assets have also declined from $44,474 in 2021 to $31,923 in 2023.
What caused the large expense spike in 2020?
In 2020, the organization reported expenses of $246,885 against revenue of $43,712. Without more detailed financial statements, the specific cause of this significant expense spike and the resulting deficit cannot be determined from the summary data alone.
How does the organization fund its operations?
The organization primarily relies on contributions and grants, as indicated by its revenue figures. However, the recent decline in revenue suggests challenges in securing sufficient funding to cover its operational expenses.
Filing History
IRS 990 filing history for Daniel Island Community Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Daniel Island Community Foundation Inc's revenue has declined by 92.4%, moving from $82K to $6K. Total assets decreased by 62.3% over the same period, from $85K to $32K. Total functional expenses fell by 74.9%, from $59K to $15K. In its most recent filing year (2023), Daniel Island Community Foundation Inc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $15K | $32K | $0 | — | — |
| 2022 | $16K | $21K | $41K | $0 | — | View 990 |
| 2021 | $26K | $13K | $44K | $0 | — | — |
| 2020 | $44K | $247K | $31K | $0 | — | — |
| 2019 | $129K | $70K | $235K | $0 | — | View 990 |
| 2018 | $92K | $46K | $174K | $0 | — | View 990 |
| 2017 | $107K | $99K | $128K | $0 | — | View 990 |
| 2016 | $59K | $60K | $120K | $0 | — | View 990 |
| 2015 | $256K | $245K | $121K | $0 | — | View 990 |
| 2014 | $54K | $55K | $110K | $0 | — | View 990 |
| 2013 | $77K | $62K | $111K | $0 | — | View 990 |
| 2012 | $99K | $82K | $97K | $0 | — | View 990 |
| 2011 | $82K | $59K | $85K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $15K, and assets of $32K (revenue -61.4% year-over-year).
- 2022: Revenue of $16K, expenses of $21K, and assets of $41K (revenue -39.1% year-over-year).
- 2021: Revenue of $26K, expenses of $13K, and assets of $44K (revenue -40.0% year-over-year).
- 2020: Revenue of $44K, expenses of $247K, and assets of $31K (revenue -66.2% year-over-year).
- 2019: Revenue of $129K, expenses of $70K, and assets of $235K (revenue +39.8% year-over-year).
- 2018: Revenue of $92K, expenses of $46K, and assets of $174K (revenue -13.4% year-over-year).
- 2017: Revenue of $107K, expenses of $99K, and assets of $128K (revenue +80.9% year-over-year).
- 2016: Revenue of $59K, expenses of $60K, and assets of $120K (revenue -76.9% year-over-year).
- 2015: Revenue of $256K, expenses of $245K, and assets of $121K (revenue +371.9% year-over-year).
- 2014: Revenue of $54K, expenses of $55K, and assets of $110K (revenue -29.3% year-over-year).
- 2013: Revenue of $77K, expenses of $62K, and assets of $111K (revenue -22.5% year-over-year).
- 2012: Revenue of $99K, expenses of $82K, and assets of $97K (revenue +21.1% year-over-year).
- 2011: Revenue of $82K, expenses of $59K, and assets of $85K.
Data Sources and Methodology
This transparency report for Daniel Island Community 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.