Grand Strand Softball Classic Inc
EIN: 550829962 · Myrtle Beach, SC · NTEE: N63
| Metric | Value |
|---|---|
| Total Revenue | $161K |
| Total Expenses | $57K |
| Net Assets | $10K |
Is Grand Strand Softball Classic Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grand Strand Softball Classic Inc
Grand Strand Softball Classic Inc (EIN: 550829962) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code N63. The organization reported total revenue of $161K and total assets of $33K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Strand Softball Classic Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grand Strand Softball Classic Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $57K |
| Surplus / Deficit | +$12K |
| Total Assets | $28K |
| Total Liabilities | $18K |
| Net Assets | $10K |
| Operating Margin | 17.8% |
| Debt-to-Asset Ratio | 65.0% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2022, Grand Strand Softball Classic Inc reported a surplus of $12K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 65.0% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Grand Strand Softball Classic Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +1778.2% | +4584.8% | +278.0% |
| 2021 | +431.7% | -93.0% | +36.5% |
| 2020 | -99.1% | -79.2% | -79.1% |
| 2019 | +3.2% | +12.9% | -6.1% |
| 2018 | -0.4% | +5.0% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grand Strand Softball Classic Inc 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 Grand Strand Softball Classic Inc 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 $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 65.0%.
Frequently Asked Questions about Grand Strand Softball Classic Inc
Is Grand Strand Softball Classic Inc a legitimate charity?
Grand Strand Softball Classic Inc (EIN: 550829962) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $161K. No red flags identified. Financial health grade: A.
How does Grand Strand Softball Classic Inc spend its money?
Grand Strand Softball Classic Inc reported $161K 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 Grand Strand Softball Classic Inc tax-deductible?
Grand Strand Softball Classic Inc is registered as a tax-exempt nonprofit (EIN: 550829962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grand Strand Softball Classic Inc located?
Grand Strand Softball Classic Inc is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 550829962. It is classified under NTEE code N63.
How many years of IRS 990 filings does Grand Strand Softball Classic Inc have?
Grand Strand Softball Classic Inc 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 $161K in total revenue.
Filing History
IRS 990 filing history for Grand Strand Softball Classic Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Grand Strand Softball Classic Inc's revenue has grown by 27%, moving from $55K to $69K. Total assets increased by 149.2% over the same period, from $11K to $28K. Total functional expenses fell by 13.6%, from $66K to $57K. In its most recent filing year (2022), Grand Strand Softball Classic Inc reported a surplus of $12K, with revenue exceeding expenses. The organization holds $18K in liabilities against $28K in assets (debt-to-asset ratio: 65.0%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $69K | $57K | $28K | $18K | — | View 990 |
| 2021 | $4K | $1K | $7K | $10K | — | View 990 |
| 2020 | $695 | $17K | $5K | $11K | — | View 990 |
| 2019 | $77K | $83K | $26K | $14K | — | View 990 |
| 2018 | $75K | $74K | $28K | $10K | — | View 990 |
| 2017 | $75K | $70K | $26K | $10K | — | View 990 |
| 2016 | $71K | $64K | $12K | $650 | — | View 990 |
| 2015 | $73K | $65K | $14K | $11K | — | View 990 |
| 2014 | $51K | $69K | $10K | $14K | — | View 990 |
| 2013 | $84K | $105K | $16K | $2K | — | View 990 |
| 2012 | $110K | $72K | $41K | $5K | — | View 990 |
| 2011 | $55K | $66K | $11K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $69K, expenses of $57K, and assets of $28K (revenue +1778.2% year-over-year).
- 2021: Revenue of $4K, expenses of $1K, and assets of $7K (revenue +431.7% year-over-year).
- 2020: Revenue of $695, expenses of $17K, and assets of $5K (revenue -99.1% year-over-year).
- 2019: Revenue of $77K, expenses of $83K, and assets of $26K (revenue +3.2% year-over-year).
- 2018: Revenue of $75K, expenses of $74K, and assets of $28K (revenue -0.4% year-over-year).
- 2017: Revenue of $75K, expenses of $70K, and assets of $26K (revenue +5.6% year-over-year).
- 2016: Revenue of $71K, expenses of $64K, and assets of $12K (revenue -2.1% year-over-year).
- 2015: Revenue of $73K, expenses of $65K, and assets of $14K (revenue +44.3% year-over-year).
- 2014: Revenue of $51K, expenses of $69K, and assets of $10K (revenue -39.7% year-over-year).
- 2013: Revenue of $84K, expenses of $105K, and assets of $16K (revenue -23.7% year-over-year).
- 2012: Revenue of $110K, expenses of $72K, and assets of $41K (revenue +101.1% year-over-year).
- 2011: Revenue of $55K, expenses of $66K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grand Strand Softball Classic Inc:
Data Sources and Methodology
This transparency report for Grand Strand Softball Classic Inc 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.