Great Falls Home Town Association Inc
EIN: 571059949 · Great Falls, SC · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $43K |
| Total Expenses | $50K |
| Net Assets | $9K |
Is Great Falls Home Town Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Great Falls Home Town Association Inc
Great Falls Home Town Association Inc (EIN: 571059949) is a nonprofit organization based in Great Falls, SC, classified under NTEE code T30. The organization reported total revenue of $43K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Falls Home Town Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Falls Home Town Association Inc is a micro nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $50K |
| Surplus / Deficit | $-5,080 |
| Total Assets | $11K |
| Total Liabilities | $2K |
| Net Assets | $9K |
| Operating Margin | -11.4% |
| Debt-to-Asset Ratio | 20.3% |
| Months of Reserves | 2.7 months |
Financial Health Grade: C
In 2023, Great Falls Home Town Association Inc reported a deficit of $5K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 20.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Great Falls Home Town Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.3% | +10.5% | -31.2% |
| 2022 | -5.6% | +9.5% | -13.1% |
| 2021 | +7.8% | +6.5% | +23.7% |
| 2020 | +13.1% | +9.4% | +25.4% |
| 2019 | +1.7% | -6.5% | +17.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Great Falls Home Town Association 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 Great Falls Home Town Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.3%.
Frequently Asked Questions about Great Falls Home Town Association Inc
Is Great Falls Home Town Association Inc a legitimate charity?
Great Falls Home Town Association Inc (EIN: 571059949) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $43K. No red flags identified. Financial health grade: C.
How does Great Falls Home Town Association Inc spend its money?
Great Falls Home Town Association Inc reported $43K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Great Falls Home Town Association Inc tax-deductible?
Great Falls Home Town Association Inc is registered as a tax-exempt nonprofit (EIN: 571059949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Great Falls Home Town Association Inc located?
Great Falls Home Town Association Inc is headquartered in Great Falls, South Carolina and files with the IRS under EIN 571059949. It is classified under NTEE code T30.
How many years of IRS 990 filings does Great Falls Home Town Association Inc have?
Great Falls Home Town Association 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 $43K in total revenue.
Filing History
IRS 990 filing history for Great Falls Home Town Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Great Falls Home Town Association Inc's revenue has grown by 35.7%, moving from $33K to $45K. Total assets increased by 68.2% over the same period, from $7K to $11K. Total functional expenses rose by 66.1%, from $30K to $50K. In its most recent filing year (2023), Great Falls Home Town Association Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $2K in liabilities against $11K in assets (debt-to-asset ratio: 20.3%), resulting in net assets of $9K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $50K | $11K | $2K | — | — |
| 2022 | $42K | $45K | $16K | $2K | — | View 990 |
| 2021 | $45K | $41K | $19K | $2K | — | View 990 |
| 2020 | $42K | $39K | $15K | $2K | — | — |
| 2019 | $37K | $35K | $12K | $2K | — | View 990 |
| 2018 | $36K | $38K | $10K | $2K | — | View 990 |
| 2017 | $27K | $29K | $12K | $2K | — | View 990 |
| 2015 | $26K | $23K | $7K | $1K | — | View 990 |
| 2014 | $29K | $34K | $4K | $1K | — | View 990 |
| 2013 | $27K | $28K | $9K | $1K | — | View 990 |
| 2012 | $35K | $33K | $9K | $1K | — | View 990 |
| 2011 | $33K | $30K | $7K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $50K, and assets of $11K (revenue +5.3% year-over-year).
- 2022: Revenue of $42K, expenses of $45K, and assets of $16K (revenue -5.6% year-over-year).
- 2021: Revenue of $45K, expenses of $41K, and assets of $19K (revenue +7.8% year-over-year).
- 2020: Revenue of $42K, expenses of $39K, and assets of $15K (revenue +13.1% year-over-year).
- 2019: Revenue of $37K, expenses of $35K, and assets of $12K (revenue +1.7% year-over-year).
- 2018: Revenue of $36K, expenses of $38K, and assets of $10K (revenue +32.5% year-over-year).
- 2017: Revenue of $27K, expenses of $29K, and assets of $12K (revenue +4.7% year-over-year).
- 2015: Revenue of $26K, expenses of $23K, and assets of $7K (revenue -10.2% year-over-year).
- 2014: Revenue of $29K, expenses of $34K, and assets of $4K (revenue +7.6% year-over-year).
- 2013: Revenue of $27K, expenses of $28K, and assets of $9K (revenue -23.5% year-over-year).
- 2012: Revenue of $35K, expenses of $33K, and assets of $9K (revenue +7.4% year-over-year).
- 2011: Revenue of $33K, expenses of $30K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Falls Home Town Association Inc:
Data Sources and Methodology
This transparency report for Great Falls Home Town Association 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.