Eastern Carolina Communityfoundation Inc
Eastern Carolina Communityfoundation Inc shows significant asset growth and zero reported officer compensation, but expense allocation details are limited.
EIN: 204654550 · Florence, SC · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $1.6M |
| Program Spending | 75% |
| Net Assets | $9.7M |
| Transparency Score | 85/100 |
Is Eastern Carolina Communityfoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eastern Carolina Communityfoundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eastern Carolina Communityfoundation Inc
Eastern Carolina Communityfoundation Inc (EIN: 204654550) is a nonprofit organization based in Florence, SC, classified under NTEE code T31. The organization reported total revenue of $2.9M and total assets of $24.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastern Carolina Communityfoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastern Carolina Communityfoundation Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$3.0M |
| Total Assets | $22.3M |
| Total Liabilities | $12.6M |
| Net Assets | $9.7M |
| Operating Margin | 65.2% |
| Debt-to-Asset Ratio | 56.5% |
| Months of Reserves | 170.0 months |
Financial Health Grade: A
In 2023, Eastern Carolina Communityfoundation Inc reported a surplus of $3.0M with revenue exceeding expenses, holds 170.0 months of operating reserves (strong position), has a debt-to-asset ratio of 56.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eastern Carolina Communityfoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +430.4% | +122.4% | +32.2% |
| 2022 | -31.2% | -11.5% | -4.7% |
| 2021 | -34.7% | +86.0% | +33.0% |
| 2020 | +186.7% | -9.9% | +30.9% |
| 2019 | -7.8% | -5.8% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Eastern Carolina Communityfoundation Inc with a Mission Score of 85 out of 100 (Excellent). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Eastern Carolina Communityfoundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly favorable for minimizing administrative costs.
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 Eastern Carolina Communityfoundation Inc's IRS 990 filings:
- Significant liabilities without detailed explanation (e.g., $12,590,369 in 2023)
- Lack of detailed expense breakdown beyond total expenses in provided data
Strengths
The following positive indicators were identified for Eastern Carolina Communityfoundation Inc:
- Consistent reporting of 0% officer compensation across all filings
- Significant growth in assets, from $5,000,351 in 2014 to $22,303,512 in 2023
- Strong revenue generation in recent years, peaking at $4,526,468 in 2023
Frequently Asked Questions about Eastern Carolina Communityfoundation Inc
Is Eastern Carolina Communityfoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastern Carolina Communityfoundation Inc (EIN: 204654550) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Eastern Carolina Communityfoundation Inc spend its money?
Eastern Carolina Communityfoundation Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eastern Carolina Communityfoundation Inc tax-deductible?
Eastern Carolina Communityfoundation Inc is registered as a tax-exempt nonprofit (EIN: 204654550). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eastern Carolina Communityfoundation Inc's spending goes to programs?
Eastern Carolina Communityfoundation Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Eastern Carolina Communityfoundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Eastern Carolina Communityfoundation Inc is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eastern Carolina Communityfoundation Inc located?
Eastern Carolina Communityfoundation Inc is headquartered in Florence, South Carolina and files with the IRS under EIN 204654550. It is classified under NTEE code T31.
How many years of IRS 990 filings does Eastern Carolina Communityfoundation Inc have?
Eastern Carolina Communityfoundation Inc has 13 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 $2.9M in total revenue.
What is the nature of the significant liabilities reported, such as $12,590,369 in 2023?
The IRS 990 filings show substantial liabilities, but do not provide specific details on their nature (e.g., program-related investments, grants payable, or other debt). Further investigation into the organization's financial statements would be needed to understand these obligations.
How does the organization manage its investment assets given the fluctuating revenue?
The revenue figures, particularly the jump to $4,526,468 in 2023 from $853,373 in 2022, suggest a significant component of investment income or large, infrequent contributions. Understanding their investment strategy and how it contributes to their mission would be beneficial.
What is the detailed breakdown of expenses beyond total expenses?
The provided data only includes total expenses. A detailed breakdown into program services, management and general, and fundraising expenses would allow for a more precise assessment of spending efficiency and program focus.
Filing History
IRS 990 filing history for Eastern Carolina Communityfoundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eastern Carolina Communityfoundation Inc's revenue has grown by 1765.4%, moving from $243K to $4.5M. Total assets increased by 862.3% over the same period, from $2.3M to $22.3M. Total functional expenses rose by 327.9%, from $368K to $1.6M. In its most recent filing year (2023), Eastern Carolina Communityfoundation Inc reported a surplus of $3.0M, with revenue exceeding expenses. The organization holds $12.6M in liabilities against $22.3M in assets (debt-to-asset ratio: 56.5%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $1.6M | $22.3M | $12.6M | — | — |
| 2022 | $853K | $708K | $16.9M | $10.7M | — | View 990 |
| 2021 | $1.2M | $800K | $17.7M | $10.6M | — | View 990 |
| 2020 | $1.9M | $430K | $13.3M | $6.8M | — | View 990 |
| 2019 | $663K | $477K | $10.2M | $5.8M | — | View 990 |
| 2018 | $719K | $507K | $8.8M | $5.1M | — | View 990 |
| 2017 | $456K | $420K | $9.1M | $5.3M | — | View 990 |
| 2016 | $507K | $318K | $7.9M | $4.5M | — | View 990 |
| 2015 | $770K | $430K | $5.9M | $2.9M | — | View 990 |
| 2014 | $713K | $486K | $5.0M | $2.2M | — | View 990 |
| 2013 | $348K | $350K | $3.1M | $518K | — | View 990 |
| 2012 | $332K | $285K | $2.5M | $297K | — | View 990 |
| 2011 | $243K | $368K | $2.3M | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $1.6M, and assets of $22.3M (revenue +430.4% year-over-year).
- 2022: Revenue of $853K, expenses of $708K, and assets of $16.9M (revenue -31.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $800K, and assets of $17.7M (revenue -34.7% year-over-year).
- 2020: Revenue of $1.9M, expenses of $430K, and assets of $13.3M (revenue +186.7% year-over-year).
- 2019: Revenue of $663K, expenses of $477K, and assets of $10.2M (revenue -7.8% year-over-year).
- 2018: Revenue of $719K, expenses of $507K, and assets of $8.8M (revenue +57.8% year-over-year).
- 2017: Revenue of $456K, expenses of $420K, and assets of $9.1M (revenue -10.2% year-over-year).
- 2016: Revenue of $507K, expenses of $318K, and assets of $7.9M (revenue -34.1% year-over-year).
- 2015: Revenue of $770K, expenses of $430K, and assets of $5.9M (revenue +8.0% year-over-year).
- 2014: Revenue of $713K, expenses of $486K, and assets of $5.0M (revenue +104.8% year-over-year).
- 2013: Revenue of $348K, expenses of $350K, and assets of $3.1M (revenue +4.9% year-over-year).
- 2012: Revenue of $332K, expenses of $285K, and assets of $2.5M (revenue +36.8% year-over-year).
- 2011: Revenue of $243K, expenses of $368K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastern Carolina Communityfoundation Inc:
Data Sources and Methodology
This transparency report for Eastern Carolina Communityfoundation 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.