Florence Islamic Center Inc
Florence Islamic Center Inc maintains strong assets and zero officer compensation despite fluctuating revenues and a recent deficit.
EIN: 208534700 · Florence, SC · NTEE: X40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $62K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $108,460. |
| Net Assets | $377K |
| Transparency Score | 90/100 |
Is Florence Islamic Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Florence Islamic Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Florence Islamic Center Inc
Florence Islamic Center Inc (EIN: 208534700) is a nonprofit organization based in Florence, SC, classified under NTEE code X40. The organization reported total revenue of $108K and total assets of $456K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florence Islamic Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Florence Islamic Center Inc is a small nonprofit that has been operating for 15 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $37K |
| Total Expenses | $62K |
| Surplus / Deficit | $-24,561 |
| Total Assets | $377K |
| Net Assets | $377K |
| Operating Margin | -66.4% |
| Months of Reserves | 73.4 months |
Financial Health Grade: B
In 2022, Florence Islamic Center Inc reported a deficit of $25K with expenses exceeding revenue, holds 73.4 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2019–2022), Florence Islamic Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +216.6% | +686.0% | -6.2% |
| 2021 | -41.1% | +13.8% | +1.0% |
| 2020 | -27.5% | -37.0% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2011 |
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 Florence Islamic Center Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Florence Islamic Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with latest revenue of $108,460.
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 Florence Islamic Center Inc's IRS 990 filings:
- Expenses exceeded revenue in 2022 ($61,531 expenses vs. $36,970 revenue), indicating a potential operational deficit for that period.
Strengths
The following positive indicators were identified for Florence Islamic Center Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Healthy and growing asset base ($455,631 latest assets) providing financial stability.
- Consistent IRS 990 filing history, demonstrating transparency.
- Low liabilities across all reported periods, indicating sound financial management.
Frequently Asked Questions about Florence Islamic Center Inc
Is Florence Islamic Center Inc a legitimate charity?
Florence Islamic Center Inc (EIN: 208534700) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 4 years of IRS 990 filings on record. Total revenue: $108K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Florence Islamic Center Inc spend its money?
Florence Islamic Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Florence Islamic Center Inc tax-deductible?
Florence Islamic Center Inc is registered as a tax-exempt nonprofit (EIN: 208534700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Florence Islamic Center Inc CEO make?
Florence Islamic Center Inc's highest-compensated officer earns $108,460. annually. The organization reported $108K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Florence Islamic Center Inc's spending goes to programs?
Florence Islamic Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Florence Islamic Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Florence Islamic Center Inc is above average for NTEE category X40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Florence Islamic Center Inc located?
Florence Islamic Center Inc is headquartered in Florence, South Carolina and files with the IRS under EIN 208534700. It is classified under NTEE code X40.
How many years of IRS 990 filings does Florence Islamic Center Inc have?
Florence Islamic Center Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $108K in total revenue.
Is Florence Islamic Center Inc a good charity?
Based on the provided data, the Florence Islamic Center Inc appears to be a good charity. It has a strong asset base ($455,631), reports 0% officer compensation, and consistently files its IRS 990 forms, indicating transparency and efficient use of resources.
How does the organization manage its expenses relative to its revenue?
The organization's expenses have generally been well-managed, though there was a period in 2022 where expenses ($61,531) significantly exceeded revenue ($36,970). However, its substantial assets suggest it can absorb such fluctuations.
What is the trend in the organization's financial health?
While revenues have fluctuated, from $27,367 in 2019 to $108,460 most recently, the organization's assets have shown consistent growth, from $387,467 in 2019 to $455,631, indicating overall financial stability and growth in net position.
Filing History
IRS 990 filing history for Florence Islamic Center Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), Florence Islamic Center Inc's revenue has grown by 35.1%, moving from $27K to $37K. Total assets decreased by 2.8% over the same period, from $387K to $377K. Total functional expenses rose by 463.2%, from $11K to $62K. In its most recent filing year (2022), Florence Islamic Center Inc reported a deficit of $25K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $37K | $62K | $377K | $0 | — | View 990 |
| 2021 | $12K | $8K | $401K | $200 | — | View 990 |
| 2020 | $20K | $7K | $397K | $200 | — | View 990 |
| 2019 | $27K | $11K | $387K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $37K, expenses of $62K, and assets of $377K (revenue +216.6% year-over-year).
- 2021: Revenue of $12K, expenses of $8K, and assets of $401K (revenue -41.1% year-over-year).
- 2020: Revenue of $20K, expenses of $7K, and assets of $397K (revenue -27.5% year-over-year).
- 2019: Revenue of $27K, expenses of $11K, and assets of $387K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Florence Islamic Center Inc:
Data Sources and Methodology
This transparency report for Florence Islamic Center 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.