Fripp Island Volunteer Rescue
EIN: 570767425 · Fripp Island, SC
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Total Expenses | $37K |
| Net Assets | $116K |
Is Fripp Island Volunteer Rescue Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Fripp Island Volunteer Rescue
Fripp Island Volunteer Rescue (EIN: 570767425) is a nonprofit organization based in Fripp Island, SC. The organization reported total revenue of $96K and total assets of $132K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fripp Island Volunteer Rescue's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fripp Island Volunteer Rescue is a micro nonprofit that has been operating for 42 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $37K |
| Surplus / Deficit | +$17K |
| Total Assets | $116K |
| Net Assets | $116K |
| Operating Margin | 31.4% |
| Months of Reserves | 37.8 months |
Financial Health Grade: A
In 2023, Fripp Island Volunteer Rescue reported a surplus of $17K with revenue exceeding expenses, holds 37.8 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Fripp Island Volunteer Rescue's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.8% | +10.9% | +17.0% |
| 2022 | -31.0% | -38.0% | +8.9% |
| 2021 | +111.5% | +174.1% | +7.5% |
| 2020 | +3.9% | +93.6% | +8.0% |
| 2019 | -19.0% | -72.5% | +27.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Fripp Island Volunteer Rescue 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 Fripp Island Volunteer Rescue 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
Frequently Asked Questions about Fripp Island Volunteer Rescue
Is Fripp Island Volunteer Rescue a legitimate charity?
Fripp Island Volunteer Rescue (EIN: 570767425) is a registered tax-exempt nonprofit based in South Carolina. It has 7 years of IRS 990 filings on record. Total revenue: $96K. No red flags identified. Financial health grade: A.
How does Fripp Island Volunteer Rescue spend its money?
Fripp Island Volunteer Rescue reported $96K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Fripp Island Volunteer Rescue tax-deductible?
Fripp Island Volunteer Rescue is registered as a tax-exempt nonprofit (EIN: 570767425). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Fripp Island Volunteer Rescue located?
Fripp Island Volunteer Rescue is headquartered in Fripp Island, South Carolina and files with the IRS under EIN 570767425.
How many years of IRS 990 filings does Fripp Island Volunteer Rescue have?
Fripp Island Volunteer Rescue has 7 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 $96K in total revenue.
Filing History
IRS 990 filing history for Fripp Island Volunteer Rescue showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Fripp Island Volunteer Rescue's revenue has grown by 182.2%, moving from $19K to $53K. Total assets increased by 80.5% over the same period, from $64K to $116K. Total functional expenses rose by 128.4%, from $16K to $37K. In its most recent filing year (2023), Fripp Island Volunteer Rescue reported a surplus of $17K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $37K | $116K | $0 | — | View 990 |
| 2022 | $41K | $33K | $99K | $0 | — | — |
| 2021 | $60K | $53K | $91K | $0 | — | View 990 |
| 2020 | $28K | $19K | $84K | $0 | — | View 990 |
| 2019 | $27K | $10K | $78K | $0 | — | View 990 |
| 2018 | $34K | $37K | $61K | $0 | — | View 990 |
| 2017 | $19K | $16K | $64K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $37K, and assets of $116K (revenue +29.8% year-over-year).
- 2022: Revenue of $41K, expenses of $33K, and assets of $99K (revenue -31.0% year-over-year).
- 2021: Revenue of $60K, expenses of $53K, and assets of $91K (revenue +111.5% year-over-year).
- 2020: Revenue of $28K, expenses of $19K, and assets of $84K (revenue +3.9% year-over-year).
- 2019: Revenue of $27K, expenses of $10K, and assets of $78K (revenue -19.0% year-over-year).
- 2018: Revenue of $34K, expenses of $37K, and assets of $61K (revenue +77.0% year-over-year).
- 2017: Revenue of $19K, expenses of $16K, and assets of $64K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fripp Island Volunteer Rescue:
Data Sources and Methodology
This transparency report for Fripp Island Volunteer Rescue 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.