Friends Of Coastal South Carolina
EIN: 571039362 · Mt Pleasant, SC · NTEE: C60
| Metric | Value |
|---|---|
| Total Revenue | $603K |
| Total Expenses | $169K |
| Net Assets | $2.0M |
Is Friends Of Coastal South Carolina Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of Coastal South Carolina
Friends Of Coastal South Carolina (EIN: 571039362) is a nonprofit organization based in Mt Pleasant, SC, classified under NTEE code C60. The organization reported total revenue of $603K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Coastal South Carolina's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Coastal South Carolina is a small nonprofit that has been operating for 30 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $282K |
| Total Expenses | $169K |
| Surplus / Deficit | +$113K |
| Total Assets | $2.0M |
| Total Liabilities | $2K |
| Net Assets | $2.0M |
| Operating Margin | 40.0% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 143.6 months |
Financial Health Grade: A
In 2022, Friends Of Coastal South Carolina reported a surplus of $113K with revenue exceeding expenses, holds 143.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Friends Of Coastal South Carolina's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -14.5% | +-0.0% | +42.8% |
| 2021 | -73.2% | +229.0% | +656.9% |
| 2020 | +1037.6% | -60.4% | +99.2% |
| 2019 | -21.4% | -15.5% | -26.6% |
| 2018 | -6.3% | -0.1% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of Coastal South Carolina 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 Friends Of Coastal South Carolina 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 $113K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Friends Of Coastal South Carolina
Is Friends Of Coastal South Carolina a legitimate charity?
Friends Of Coastal South Carolina (EIN: 571039362) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $603K. No red flags identified. Financial health grade: A.
How does Friends Of Coastal South Carolina spend its money?
Friends Of Coastal South Carolina reported $603K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of Coastal South Carolina tax-deductible?
Friends Of Coastal South Carolina is registered as a tax-exempt nonprofit (EIN: 571039362). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of Coastal South Carolina located?
Friends Of Coastal South Carolina is headquartered in Mt Pleasant, South Carolina and files with the IRS under EIN 571039362. It is classified under NTEE code C60.
How many years of IRS 990 filings does Friends Of Coastal South Carolina have?
Friends Of Coastal South Carolina has 12 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 $603K in total revenue.
Filing History
IRS 990 filing history for Friends Of Coastal South Carolina showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Friends Of Coastal South Carolina's revenue has grown by 75.6%, moving from $161K to $282K. Total assets increased by 1663.7% over the same period, from $115K to $2.0M. Total functional expenses rose by 8.7%, from $156K to $169K. In its most recent filing year (2022), Friends Of Coastal South Carolina reported a surplus of $113K, with revenue exceeding expenses. The organization holds $2K in liabilities against $2.0M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $282K | $169K | $2.0M | $2K | — | View 990 |
| 2021 | $330K | $170K | $1.4M | $1.1M | — | View 990 |
| 2020 | $1.2M | $52K | $188K | $-1,004,089 | — | View 990 |
| 2019 | $108K | $130K | $94K | $84K | — | View 990 |
| 2018 | $138K | $154K | $128K | $97K | — | View 990 |
| 2017 | $147K | $154K | $122K | $74K | — | View 990 |
| 2016 | $172K | $165K | $135K | $80K | — | View 990 |
| 2015 | $145K | $140K | $136K | $87K | — | View 990 |
| 2014 | $132K | $143K | $117K | $73K | — | View 990 |
| 2013 | $139K | $129K | $120K | $64K | — | View 990 |
| 2012 | $162K | $174K | $106K | $61K | — | View 990 |
| 2011 | $161K | $156K | $115K | $58K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $282K, expenses of $169K, and assets of $2.0M (revenue -14.5% year-over-year).
- 2021: Revenue of $330K, expenses of $170K, and assets of $1.4M (revenue -73.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $52K, and assets of $188K (revenue +1037.6% year-over-year).
- 2019: Revenue of $108K, expenses of $130K, and assets of $94K (revenue -21.4% year-over-year).
- 2018: Revenue of $138K, expenses of $154K, and assets of $128K (revenue -6.3% year-over-year).
- 2017: Revenue of $147K, expenses of $154K, and assets of $122K (revenue -14.3% year-over-year).
- 2016: Revenue of $172K, expenses of $165K, and assets of $135K (revenue +18.6% year-over-year).
- 2015: Revenue of $145K, expenses of $140K, and assets of $136K (revenue +10.1% year-over-year).
- 2014: Revenue of $132K, expenses of $143K, and assets of $117K (revenue -5.2% year-over-year).
- 2013: Revenue of $139K, expenses of $129K, and assets of $120K (revenue -14.3% year-over-year).
- 2012: Revenue of $162K, expenses of $174K, and assets of $106K (revenue +0.7% year-over-year).
- 2011: Revenue of $161K, expenses of $156K, and assets of $115K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Coastal South Carolina:
Data Sources and Methodology
This transparency report for Friends Of Coastal South Carolina 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.