Greenville Textile Heritage Society
Greenville Textile Heritage Society shows strong recent revenue growth and zero officer compensation.
EIN: 208371984 · Greenville, SC · NTEE: A80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31K |
| Total Expenses | $24K |
| Program Spending | 85% |
| Net Assets | $55K |
| Transparency Score | 90/100 |
Is Greenville Textile Heritage Society Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenville Textile Heritage Society directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenville Textile Heritage Society
Greenville Textile Heritage Society (EIN: 208371984) is a nonprofit organization based in Greenville, SC, classified under NTEE code A80. The organization reported total revenue of $31K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenville Textile Heritage Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenville Textile Heritage Society is a micro nonprofit that has been operating for 19 years, with 3 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $24K |
| Surplus / Deficit | +$55K |
| Total Assets | $55K |
| Net Assets | $55K |
| Operating Margin | 69.7% |
| Months of Reserves | 27.5 months |
Financial Health Grade: A
In 2023, Greenville Textile Heritage Society reported a surplus of $55K with revenue exceeding expenses, holds 27.5 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2011–2023), Greenville Textile Heritage Society's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +290.5% | +26.4% | +4265.3% |
| 2012 | -0.2% | +6.8% | -84.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greenville Textile Heritage Society with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Greenville Textile Heritage Society allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $55K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a positive sign for a small nonprofit, suggesting a volunteer-driven leadership and a commitment to directing all funds towards program activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Greenville Textile Heritage Society:
- Strong revenue growth in the latest filing (Revenue increased from $20,398 in 2012 to $79,654 in 2023).
- Excellent financial efficiency with expenses significantly lower than revenue in the latest period ($24,171 expenses vs. $79,654 revenue in 2023).
- Zero officer compensation reported across all filings, indicating high transparency and dedication of funds to mission.
- Increasing asset base, demonstrating financial stability and growth (Assets grew from $1,271 in 2012 to $55,483 in 2023).
- No reported liabilities in the latest two filing periods, indicating a healthy balance sheet.
Frequently Asked Questions about Greenville Textile Heritage Society
Is Greenville Textile Heritage Society a legitimate charity?
Greenville Textile Heritage Society (EIN: 208371984) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 3 years of IRS 990 filings on record. Total revenue: $31K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Greenville Textile Heritage Society spend its money?
Greenville Textile Heritage Society directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Greenville Textile Heritage Society tax-deductible?
Greenville Textile Heritage Society is registered as a tax-exempt nonprofit (EIN: 208371984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greenville Textile Heritage Society's spending goes to programs?
Greenville Textile Heritage Society directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greenville Textile Heritage Society compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Greenville Textile Heritage Society is above average for NTEE category A80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greenville Textile Heritage Society located?
Greenville Textile Heritage Society is headquartered in Greenville, South Carolina and files with the IRS under EIN 208371984. It is classified under NTEE code A80.
How many years of IRS 990 filings does Greenville Textile Heritage Society have?
Greenville Textile Heritage Society has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $31K in total revenue.
Is the Greenville Textile Heritage Society a good charity?
Based on the available IRS 990 data, the Greenville Textile Heritage Society appears to be a good charity. It demonstrates strong financial health, particularly in its latest filing with significant revenue growth and low expenses. The 0% officer compensation across all filings is a strong indicator of efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown significant financial improvement. Revenue grew from around $20,000 in 2011-2012 to $79,654 in 2023. Assets have also increased dramatically from $1,271 in 2012 to $55,483 in 2023, indicating strong financial growth and stability.
What is the organization's approach to executive compensation?
The Greenville Textile Heritage Society reports 0% officer compensation in all available filings, meaning no officers received salaries or other compensation from the organization. This suggests a volunteer-led model and a high degree of financial efficiency.
Filing History
IRS 990 filing history for Greenville Textile Heritage Society showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2023), Greenville Textile Heritage Society's revenue has grown by 289.5%, moving from $20K to $80K. Total assets increased by 596.8% over the same period, from $8K to $55K. Total functional expenses rose by 34.9%, from $18K to $24K. In its most recent filing year (2023), Greenville Textile Heritage Society reported a surplus of $55K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $80K | $24K | $55K | $0 | — | View 990 |
| 2012 | $20K | $19K | $1K | $0 | — | View 990 |
| 2011 | $20K | $18K | $8K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $80K, expenses of $24K, and assets of $55K (revenue +290.5% year-over-year).
- 2012: Revenue of $20K, expenses of $19K, and assets of $1K (revenue -0.2% year-over-year).
- 2011: Revenue of $20K, expenses of $18K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenville Textile Heritage Society:
Data Sources and Methodology
This transparency report for Greenville Textile Heritage Society 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.