Health Sciences South Carolina
Health Sciences South Carolina consistently expends all revenue, operating with zero net income and no reported officer compensation.
EIN: 202849804 · Columbia, SC · NTEE: E12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $56.6M |
| Program Spending | 95% |
| Net Assets | $0 |
| Transparency Score | 85/100 |
Is Health Sciences South Carolina Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Health Sciences South Carolina directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Health Sciences South Carolina
Health Sciences South Carolina (EIN: 202849804) is a nonprofit organization based in Columbia, SC, classified under NTEE code E12. The organization reported total revenue of $4.3M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Health Sciences South Carolina's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Health Sciences South Carolina is a mid-size nonprofit that has been operating for 5 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56.6M |
| Total Expenses | $56.6M |
| Surplus / Deficit | +$0 |
| Total Assets | $4.0M |
| Total Liabilities | $4.0M |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.9 months |
Financial Health Grade: C
In 2023, Health Sciences South Carolina reported a surplus of $0 with revenue exceeding expenses, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Health Sciences South Carolina's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -62.5% | -62.5% | -61.7% |
| 2022 | +9.6% | +9.6% | -77.1% |
| 2021 | -14.9% | -14.9% | +288.9% |
| 2020 | -31.3% | -31.3% | -69.0% |
| 2019 | +183.9% | +183.9% | -74.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 2021 |
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 Health Sciences South Carolina with a Mission Score of 85 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Health Sciences South Carolina allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid or compensated through partner institutions, which is a strong positive for resource allocation and transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Health Sciences South Carolina's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes granular efficiency analysis difficult.
- Significant fluctuations in annual revenue (e.g., $235M in 2019 vs. $56M in 2023) could indicate project-dependent funding volatility.
Strengths
The following positive indicators were identified for Health Sciences South Carolina:
- Consistent 0% officer compensation reported, indicating strong resource allocation away from executive salaries.
- High spending efficiency, as nearly all revenue is expended annually, suggesting direct application of funds to mission.
- Stable asset-to-liability ratio, often 1:1, indicating sound financial management without significant debt.
- Substantial revenue figures demonstrate significant capacity to attract and manage large-scale funding for health sciences initiatives.
Frequently Asked Questions about Health Sciences South Carolina
Is Health Sciences South Carolina a legitimate charity?
Based on AI analysis of IRS 990 filings, Health Sciences South Carolina (EIN: 202849804) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Health Sciences South Carolina spend its money?
Health Sciences South Carolina directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Health Sciences South Carolina tax-deductible?
Health Sciences South Carolina is registered as a tax-exempt nonprofit (EIN: 202849804). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Health Sciences South Carolina compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Health Sciences South Carolina is above average for NTEE category E12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Health Sciences South Carolina located?
Health Sciences South Carolina is headquartered in Columbia, South Carolina and files with the IRS under EIN 202849804. It is classified under NTEE code E12.
How many years of IRS 990 filings does Health Sciences South Carolina have?
Health Sciences South Carolina has 13 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 $4.3M in total revenue.
What is the nature of Health Sciences South Carolina's operational model, given that revenue consistently equals expenses?
The consistent matching of revenue and expenses suggests HSSC operates as a pass-through entity or a collaborative consortium, where funds are received and immediately disbursed for specific research or health science initiatives, rather than accumulating significant reserves.
How are executive officers compensated if 'Officer Comp' is consistently reported as 0%?
The 0% officer compensation reported on the 990s implies that executives may be volunteers, compensated by partner institutions, or their compensation is structured in a way that it is not reported under 'Officer Comp' on these specific filings. Further inquiry into their operational agreements would be necessary.
What are the specific program activities funded by Health Sciences South Carolina's substantial revenues?
While the filings show large expenditures, the specific program activities are not detailed in the provided summary. Given its NTEE code (E12 - Medical Research), it's likely focused on collaborative health research and development projects.
Filing History
IRS 990 filing history for Health Sciences South Carolina showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Health Sciences South Carolina's revenue has grown by 6.4%, moving from $53.2M to $56.6M. Total assets decreased by 88.2% over the same period, from $34.2M to $4.0M. Total functional expenses rose by 3.2%, from $54.9M to $56.6M. In its most recent filing year (2023), Health Sciences South Carolina reported a surplus of $0, with revenue exceeding expenses. The organization holds $4.0M in liabilities against $4.0M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56.6M | $56.6M | $4.0M | $4.0M | — | — |
| 2022 | $150.9M | $150.9M | $10.5M | $10.5M | — | View 990 |
| 2021 | $137.7M | $137.7M | $45.9M | $45.9M | — | View 990 |
| 2020 | $161.7M | $161.7M | $11.8M | $11.8M | — | View 990 |
| 2019 | $235.5M | $235.5M | $38.1M | $38.1M | — | View 990 |
| 2018 | $82.9M | $82.9M | $148.7M | $148.7M | — | View 990 |
| 2017 | $62.2M | $62.2M | $120.3M | $120.3M | — | View 990 |
| 2016 | $138.1M | $138.1M | $84.6M | $84.6M | — | View 990 |
| 2015 | $83.4M | $83.4M | $70.8M | $70.8M | — | View 990 |
| 2014 | $69.9M | $69.9M | $40.7M | $40.7M | — | View 990 |
| 2013 | $70.6M | $70.3M | $28.6M | $28.6M | — | View 990 |
| 2012 | $56.5M | $60.2M | $35.4M | $35.4M | — | View 990 |
| 2011 | $53.2M | $54.9M | $34.2M | $34.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56.6M, expenses of $56.6M, and assets of $4.0M (revenue -62.5% year-over-year).
- 2022: Revenue of $150.9M, expenses of $150.9M, and assets of $10.5M (revenue +9.6% year-over-year).
- 2021: Revenue of $137.7M, expenses of $137.7M, and assets of $45.9M (revenue -14.9% year-over-year).
- 2020: Revenue of $161.7M, expenses of $161.7M, and assets of $11.8M (revenue -31.3% year-over-year).
- 2019: Revenue of $235.5M, expenses of $235.5M, and assets of $38.1M (revenue +183.9% year-over-year).
- 2018: Revenue of $82.9M, expenses of $82.9M, and assets of $148.7M (revenue +33.4% year-over-year).
- 2017: Revenue of $62.2M, expenses of $62.2M, and assets of $120.3M (revenue -55.0% year-over-year).
- 2016: Revenue of $138.1M, expenses of $138.1M, and assets of $84.6M (revenue +65.5% year-over-year).
- 2015: Revenue of $83.4M, expenses of $83.4M, and assets of $70.8M (revenue +19.4% year-over-year).
- 2014: Revenue of $69.9M, expenses of $69.9M, and assets of $40.7M (revenue -1.0% year-over-year).
- 2013: Revenue of $70.6M, expenses of $70.3M, and assets of $28.6M (revenue +25.1% year-over-year).
- 2012: Revenue of $56.5M, expenses of $60.2M, and assets of $35.4M (revenue +6.1% year-over-year).
- 2011: Revenue of $53.2M, expenses of $54.9M, and assets of $34.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Health Sciences South Carolina:
Data Sources and Methodology
This transparency report for Health Sciences South Carolina 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.