Good Friends Of The Lowcountry
EIN: 473973971 · Charleston, SC · NTEE: T12
| Metric | Value |
|---|---|
| Total Revenue | $334K |
| Total Expenses | $285K |
| Net Assets | $143K |
Is Good Friends Of The Lowcountry Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Good Friends Of The Lowcountry
Good Friends Of The Lowcountry (EIN: 473973971) is a nonprofit organization based in Charleston, SC, classified under NTEE code T12. The organization reported total revenue of $334K and total assets of $255K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Friends Of The Lowcountry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Friends Of The Lowcountry is a small nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 23.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $285K |
| Surplus / Deficit | $-43,621 |
| Total Assets | $143K |
| Net Assets | $143K |
| Operating Margin | -18.0% |
| Months of Reserves | 6.0 months |
Financial Health Grade: B
In 2023, Good Friends Of The Lowcountry reported a deficit of $44K with expenses exceeding revenue, holds 6.0 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Good Friends Of The Lowcountry's revenue has grown at a compound annual growth rate (CAGR) of 23.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.9% | +66.8% | -23.4% |
| 2022 | +84.7% | +3.7% | +64.4% |
| 2021 | -29.4% | -1.4% | -22.5% |
| 2020 | +33.8% | +29.7% | +15.7% |
| 2019 | +3.0% | +78.6% | +9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Good Friends Of The Lowcountry 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 Good Friends Of The Lowcountry 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 deficit of $44K, with expenses exceeding revenue.
Frequently Asked Questions about Good Friends Of The Lowcountry
Is Good Friends Of The Lowcountry a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Friends Of The Lowcountry (EIN: 473973971) insufficient data. 0 red flags identified, 0 strengths noted.
How does Good Friends Of The Lowcountry spend its money?
Detailed spending breakdown data is not yet available for Good Friends Of The Lowcountry. Check back for updated IRS 990 analysis.
Are donations to Good Friends Of The Lowcountry tax-deductible?
Good Friends Of The Lowcountry is registered as a tax-exempt nonprofit (EIN: 473973971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Good Friends Of The Lowcountry located?
Good Friends Of The Lowcountry is headquartered in Charleston, South Carolina and files with the IRS under EIN 473973971. It is classified under NTEE code T12.
How many years of IRS 990 filings does Good Friends Of The Lowcountry have?
Good Friends Of The Lowcountry has 9 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 $334K in total revenue.
Filing History
IRS 990 filing history for Good Friends Of The Lowcountry showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Good Friends Of The Lowcountry's revenue has grown by 449.3%, moving from $44K to $242K. Total assets increased by 381% over the same period, from $30K to $143K. Total functional expenses rose by 1892.3%, from $14K to $285K. In its most recent filing year (2023), Good Friends Of The Lowcountry reported a deficit of $44K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $242K | $285K | $143K | $0 | — | — |
| 2022 | $244K | $171K | $186K | $0 | — | View 990 |
| 2021 | $132K | $165K | $113K | $0 | — | — |
| 2020 | $187K | $167K | $146K | $0 | — | — |
| 2019 | $140K | $129K | $126K | $0 | — | View 990 |
| 2018 | $136K | $72K | $116K | $0 | — | View 990 |
| 2017 | $64K | $81K | $52K | $0 | — | View 990 |
| 2016 | $67K | $28K | $69K | $0 | — | View 990 |
| 2015 | $44K | $14K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $242K, expenses of $285K, and assets of $143K (revenue -0.9% year-over-year).
- 2022: Revenue of $244K, expenses of $171K, and assets of $186K (revenue +84.7% year-over-year).
- 2021: Revenue of $132K, expenses of $165K, and assets of $113K (revenue -29.4% year-over-year).
- 2020: Revenue of $187K, expenses of $167K, and assets of $146K (revenue +33.8% year-over-year).
- 2019: Revenue of $140K, expenses of $129K, and assets of $126K (revenue +3.0% year-over-year).
- 2018: Revenue of $136K, expenses of $72K, and assets of $116K (revenue +110.8% year-over-year).
- 2017: Revenue of $64K, expenses of $81K, and assets of $52K (revenue -3.8% year-over-year).
- 2016: Revenue of $67K, expenses of $28K, and assets of $69K (revenue +52.3% year-over-year).
- 2015: Revenue of $44K, expenses of $14K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Friends Of The Lowcountry:
Data Sources and Methodology
This transparency report for Good Friends Of The Lowcountry 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.