Favor Grand Strand
EIN: 461206306 · Myrtle Beach, SC · NTEE: F20
| Metric | Value |
|---|---|
| Total Revenue | $252K |
| Total Expenses | $187K |
| Net Assets | $103K |
Is Favor Grand Strand Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Favor Grand Strand
Favor Grand Strand (EIN: 461206306) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code F20. The organization reported total revenue of $252K and total assets of $109K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Favor Grand Strand's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Favor Grand Strand is a small nonprofit that has been operating for 7 years, with 8 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 70.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $205K |
| Total Expenses | $187K |
| Surplus / Deficit | +$18K |
| Total Assets | $105K |
| Total Liabilities | $2K |
| Net Assets | $103K |
| Operating Margin | 8.8% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 6.7 months |
Financial Health Grade: A
In 2022, Favor Grand Strand reported a surplus of $18K with revenue exceeding expenses, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2022), Favor Grand Strand's revenue has grown at a compound annual growth rate (CAGR) of 70.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -0.1% | +30.2% | +23.6% |
| 2021 | +402.0% | +331.1% | +265.4% |
| 2020 | +800.2% | +382.5% | +565.8% |
| 2016 | -46.5% | +54.9% | -40.4% |
| 2015 | +107.2% | -29.3% | +221.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Favor Grand Strand 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 Favor Grand Strand 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 surplus of $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Frequently Asked Questions about Favor Grand Strand
Is Favor Grand Strand a legitimate charity?
Favor Grand Strand (EIN: 461206306) is a registered tax-exempt nonprofit based in South Carolina. It has 8 years of IRS 990 filings on record. Total revenue: $252K. No red flags identified. Financial health grade: A.
How does Favor Grand Strand spend its money?
Favor Grand Strand reported $252K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Favor Grand Strand tax-deductible?
Favor Grand Strand is registered as a tax-exempt nonprofit (EIN: 461206306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Favor Grand Strand located?
Favor Grand Strand is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 461206306. It is classified under NTEE code F20.
How many years of IRS 990 filings does Favor Grand Strand have?
Favor Grand Strand has 8 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 $252K in total revenue.
Filing History
IRS 990 filing history for Favor Grand Strand showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2022), Favor Grand Strand's revenue has grown by 20414.5%, moving from $1K to $205K. Total assets increased by 11203.9% over the same period, from $929 to $105K. In its most recent filing year (2022), Favor Grand Strand reported a surplus of $18K, with revenue exceeding expenses. The organization holds $2K in liabilities against $105K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $103K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $205K | $187K | $105K | $2K | — | View 990 |
| 2021 | $205K | $144K | $85K | $0 | — | — |
| 2020 | $41K | $33K | $23K | $0 | — | — |
| 2016 | $5K | $7K | $3K | $0 | — | — |
| 2015 | $8K | $4K | $6K | $0 | — | View 990 |
| 2014 | $4K | $6K | $2K | $0 | — | View 990 |
| 2013 | $4K | $1K | $4K | $0 | — | View 990 |
| 2012 | $1K | $0 | $929 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $205K, expenses of $187K, and assets of $105K (revenue -0.1% year-over-year).
- 2021: Revenue of $205K, expenses of $144K, and assets of $85K (revenue +402.0% year-over-year).
- 2020: Revenue of $41K, expenses of $33K, and assets of $23K (revenue +800.2% year-over-year).
- 2016: Revenue of $5K, expenses of $7K, and assets of $3K (revenue -46.5% year-over-year).
- 2015: Revenue of $8K, expenses of $4K, and assets of $6K (revenue +107.2% year-over-year).
- 2014: Revenue of $4K, expenses of $6K, and assets of $2K (revenue -4.7% year-over-year).
- 2013: Revenue of $4K, expenses of $1K, and assets of $4K (revenue +330.0% year-over-year).
- 2012: Revenue of $1K, expenses of $0, and assets of $929.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Favor Grand Strand:
Data Sources and Methodology
This transparency report for Favor Grand Strand 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.