Fort Mill School Facilitiescorporation
Fort Mill School Facilitiescorporation consistently matches revenue to expenses with no officer compensation, managing school facility financing.
EIN: 208066920 · Fort Mill, SC · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $1.6M |
| Program Spending | 100% |
| Net Assets | $0 |
| Transparency Score | 90/100 |
Is Fort Mill School Facilitiescorporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fort Mill School Facilitiescorporation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fort Mill School Facilitiescorporation
Fort Mill School Facilitiescorporation (EIN: 208066920) is a nonprofit organization based in Fort Mill, SC, classified under NTEE code B11. The organization reported total revenue of $5.4M and total assets of $33.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Mill School Facilitiescorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fort Mill School Facilitiescorporation is a mid-size nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$0 |
| Total Assets | $37.2M |
| Total Liabilities | $37.2M |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 276.1 months |
Financial Health Grade: B
In 2023, Fort Mill School Facilitiescorporation reported a surplus of $0 with revenue exceeding expenses, holds 276.1 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Fort Mill School Facilitiescorporation's revenue has declined at a compound annual growth rate (CAGR) of -6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.3% | -10.3% | -9.3% |
| 2022 | -8.9% | -8.9% | -8.1% |
| 2021 | -7.8% | -7.8% | -7.2% |
| 2020 | -6.9% | -6.9% | -6.4% |
| 2019 | -5.6% | -5.6% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Fort Mill School Facilitiescorporation 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Fort Mill School Facilitiescorporation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers serve without pay or are compensated by an affiliated entity, which is highly efficient for this organization's structure.
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 Fort Mill School Facilitiescorporation's IRS 990 filings:
- Declining assets over time (from $70.9M in 2014 to $37.1M in 2023) could indicate debt repayment without new significant financing, or asset depreciation, which warrants further investigation into the underlying projects.
Strengths
The following positive indicators were identified for Fort Mill School Facilitiescorporation:
- 100% program spending (as all expenses match revenue and are presumably for facility-related purposes).
- Zero officer compensation, indicating high efficiency in governance.
- Consistent and timely IRS 990 filings, demonstrating good transparency.
- Clear financial structure with revenue consistently matching expenses, suggesting a well-defined operational model.
Frequently Asked Questions about Fort Mill School Facilitiescorporation
Is Fort Mill School Facilitiescorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fort Mill School Facilitiescorporation (EIN: 208066920) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Fort Mill School Facilitiescorporation spend its money?
Fort Mill School Facilitiescorporation directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fort Mill School Facilitiescorporation tax-deductible?
Fort Mill School Facilitiescorporation is registered as a tax-exempt nonprofit (EIN: 208066920). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fort Mill School Facilitiescorporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Fort Mill School Facilitiescorporation is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fort Mill School Facilitiescorporation located?
Fort Mill School Facilitiescorporation is headquartered in Fort Mill, South Carolina and files with the IRS under EIN 208066920. It is classified under NTEE code B11.
How many years of IRS 990 filings does Fort Mill School Facilitiescorporation have?
Fort Mill School Facilitiescorporation has 14 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 $5.4M in total revenue.
What is the primary function of Fort Mill School Facilitiescorporation?
Based on the NTEE code B11 (School Facilities) and the financial pattern of revenue equaling expenses, the organization's primary function is likely to manage the financing, construction, or maintenance of school facilities for the Fort Mill School District, possibly through bond issuance or similar mechanisms.
Why do assets and liabilities always match?
The consistent matching of assets and liabilities suggests the organization primarily holds assets (like bond proceeds or financed properties) that are directly offset by corresponding liabilities (like bonds payable or other debt obligations), typical for a financing or holding entity.
Is the organization financially stable?
Given its consistent revenue matching expenses and the nature of its operations as a facilities corporation, its financial stability is tied to the underlying school district's ability to meet its obligations. The organization itself appears to be a well-managed pass-through entity for these financial activities.
How does this organization benefit the community?
By managing the financing for school facilities, the organization indirectly benefits the community by providing the necessary infrastructure for education within the Fort Mill School District.
Filing History
IRS 990 filing history for Fort Mill School Facilitiescorporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Fort Mill School Facilitiescorporation's revenue has declined by 58.3%, moving from $3.9M to $1.6M. Total assets decreased by 50% over the same period, from $74.3M to $37.2M. Total functional expenses fell by 58.3%, from $3.9M to $1.6M. In its most recent filing year (2023), Fort Mill School Facilitiescorporation reported a surplus of $0, with revenue exceeding expenses. The organization holds $37.2M in liabilities against $37.2M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $37.2M | $37.2M | — | View 990 |
| 2022 | $1.8M | $1.8M | $41.0M | $41.0M | — | — |
| 2021 | $2.0M | $2.0M | $44.6M | $44.6M | — | View 990 |
| 2020 | $2.1M | $2.1M | $48.0M | $48.0M | — | View 990 |
| 2019 | $2.3M | $2.3M | $51.3M | $51.3M | — | View 990 |
| 2018 | $2.4M | $2.4M | $54.4M | $54.4M | — | View 990 |
| 2017 | $2.5M | $2.5M | $57.4M | $57.4M | — | View 990 |
| 2016 | $2.6M | $2.6M | $60.2M | $60.2M | — | View 990 |
| 2015 | $4.4M | $4.4M | $63.0M | $63.0M | — | View 990 |
| 2014 | $3.8M | $3.8M | $70.9M | $70.9M | — | View 990 |
| 2013 | $3.8M | $3.8M | $73.3M | $73.3M | — | View 990 |
| 2012 | $3.9M | $3.9M | $76.4M | $76.4M | — | View 990 |
| 2011 | $3.9M | $3.9M | $74.3M | $74.3M | — | View 990 |
| 2010 | $3.9M | $3.9M | $74.3M | $74.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $37.2M (revenue -10.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $41.0M (revenue -8.9% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.0M, and assets of $44.6M (revenue -7.8% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $48.0M (revenue -6.9% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.3M, and assets of $51.3M (revenue -5.6% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.4M, and assets of $54.4M (revenue -4.0% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.5M, and assets of $57.4M (revenue -1.8% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.6M, and assets of $60.2M (revenue -40.9% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.4M, and assets of $63.0M (revenue +16.5% year-over-year).
- 2014: Revenue of $3.8M, expenses of $3.8M, and assets of $70.9M (revenue -2.2% year-over-year).
- 2013: Revenue of $3.8M, expenses of $3.8M, and assets of $73.3M (revenue -0.7% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.9M, and assets of $76.4M (revenue +0.1% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.9M, and assets of $74.3M (revenue -0.1% year-over-year).
- 2010: Revenue of $3.9M, expenses of $3.9M, and assets of $74.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fort Mill School Facilitiescorporation:
Data Sources and Methodology
This transparency report for Fort Mill School Facilitiescorporation 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.