Golden Door Scholars
EIN: 460734672 · Fort Mill, SC · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $2.6M |
| Net Assets | $293K |
Is Golden Door Scholars Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Golden Door Scholars
Golden Door Scholars (EIN: 460734672) is a nonprofit organization based in Fort Mill, SC, classified under NTEE code B82. The organization reported total revenue of $5.2M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Golden Door Scholars's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Golden Door Scholars is a mid-size nonprofit that has been operating for 13 years, with 8 years of IRS 990 filings on record (2013–2020). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-325,361 |
| Total Assets | $428K |
| Total Liabilities | $135K |
| Net Assets | $293K |
| Operating Margin | -14.4% |
| Debt-to-Asset Ratio | 31.6% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2020, Golden Door Scholars reported a deficit of $325K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 31.6% (moderate leverage).
Financial Trends
Over 8 years of filings (2013–2020), Golden Door Scholars's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -16.8% | -3.3% | -75.7% |
| 2019 | +85.8% | +59.7% | +180.4% |
| 2018 | +425.3% | +11.1% | -19.9% |
| 2017 | -83.3% | +37.3% | -61.1% |
| 2016 | +363.0% | +9.5% | +39.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Golden Door Scholars 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 Golden Door Scholars 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $325K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.6%.
Frequently Asked Questions about Golden Door Scholars
Is Golden Door Scholars a legitimate charity?
Based on AI analysis of IRS 990 filings, Golden Door Scholars (EIN: 460734672) insufficient data. 0 red flags identified, 0 strengths noted.
How does Golden Door Scholars spend its money?
Detailed spending breakdown data is not yet available for Golden Door Scholars. Check back for updated IRS 990 analysis.
Are donations to Golden Door Scholars tax-deductible?
Golden Door Scholars is registered as a tax-exempt nonprofit (EIN: 460734672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Golden Door Scholars located?
Golden Door Scholars is headquartered in Fort Mill, South Carolina and files with the IRS under EIN 460734672. It is classified under NTEE code B82.
How many years of IRS 990 filings does Golden Door Scholars have?
Golden Door Scholars 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 $5.2M in total revenue.
Filing History
IRS 990 filing history for Golden Door Scholars showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2020), Golden Door Scholars's revenue has grown by 235.3%, moving from $675K to $2.3M. Total assets decreased by 78.2% over the same period, from $2.0M to $428K. Total functional expenses rose by 652.9%, from $344K to $2.6M. In its most recent filing year (2020), Golden Door Scholars reported a deficit of $325K, with expenses exceeding revenue. The organization holds $135K in liabilities against $428K in assets (debt-to-asset ratio: 31.6%), resulting in net assets of $293K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $2.3M | $2.6M | $428K | $135K | — | View 990 |
| 2019 | $2.7M | $2.7M | $1.8M | $1.1M | — | View 990 |
| 2018 | $1.5M | $1.7M | $628K | $55K | — | View 990 |
| 2017 | $279K | $1.5M | $784K | $0 | — | View 990 |
| 2016 | $1.7M | $1.1M | $2.0M | $2K | — | View 990 |
| 2015 | $359K | $1.0M | $1.4M | $0 | — | View 990 |
| 2014 | $979K | $710K | $2.1M | $0 | — | View 990 |
| 2013 | $675K | $344K | $2.0M | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $2.3M, expenses of $2.6M, and assets of $428K (revenue -16.8% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.7M, and assets of $1.8M (revenue +85.8% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.7M, and assets of $628K (revenue +425.3% year-over-year).
- 2017: Revenue of $279K, expenses of $1.5M, and assets of $784K (revenue -83.3% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.1M, and assets of $2.0M (revenue +363.0% year-over-year).
- 2015: Revenue of $359K, expenses of $1.0M, and assets of $1.4M (revenue -63.3% year-over-year).
- 2014: Revenue of $979K, expenses of $710K, and assets of $2.1M (revenue +45.1% year-over-year).
- 2013: Revenue of $675K, expenses of $344K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Golden Door Scholars:
Data Sources and Methodology
This transparency report for Golden Door Scholars 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.