Mason Preparatory School Foundation Inc
EIN: 472755337 · Charleston, SC · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $242K |
| Total Expenses | $101K |
| Net Assets | $550K |
Is Mason Preparatory School Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mason Preparatory School Foundation Inc
Mason Preparatory School Foundation Inc (EIN: 472755337) is a nonprofit organization based in Charleston, SC, classified under NTEE code P20. The organization reported total revenue of $242K and total assets of $550K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mason Preparatory School Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mason Preparatory School Foundation Inc is a small nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $213K |
| Total Expenses | $101K |
| Surplus / Deficit | +$112K |
| Total Assets | $550K |
| Net Assets | $550K |
| Operating Margin | 52.5% |
| Months of Reserves | 65.0 months |
Financial Health Grade: A
In 2023, Mason Preparatory School Foundation Inc reported a surplus of $112K with revenue exceeding expenses, holds 65.0 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Mason Preparatory School Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +56.2% | +128.6% | +25.6% |
| 2022 | -13.5% | -72.8% | +26.7% |
| 2021 | +59.1% | +3.2% | -1.4% |
| 2020 | -70.9% | -22.1% | -14.4% |
| 2019 | +70.3% | -54.0% | +51.1% |
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 Mason Preparatory School Foundation 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 Mason Preparatory School Foundation 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 surplus of $112K, with revenue exceeding expenses.
Frequently Asked Questions about Mason Preparatory School Foundation Inc
Is Mason Preparatory School Foundation Inc a legitimate charity?
Mason Preparatory School Foundation Inc (EIN: 472755337) is a registered tax-exempt nonprofit based in South Carolina. It has 7 years of IRS 990 filings on record. Total revenue: $242K. No red flags identified. Financial health grade: A.
How does Mason Preparatory School Foundation Inc spend its money?
Mason Preparatory School Foundation Inc reported $242K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mason Preparatory School Foundation Inc tax-deductible?
Mason Preparatory School Foundation Inc is registered as a tax-exempt nonprofit (EIN: 472755337). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mason Preparatory School Foundation Inc located?
Mason Preparatory School Foundation Inc is headquartered in Charleston, South Carolina and files with the IRS under EIN 472755337. It is classified under NTEE code P20.
How many years of IRS 990 filings does Mason Preparatory School Foundation Inc have?
Mason Preparatory School Foundation Inc has 7 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 $242K in total revenue.
Filing History
IRS 990 filing history for Mason Preparatory School Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Mason Preparatory School Foundation Inc's revenue has declined by 59.6%, moving from $529K to $213K. Total assets increased by 7.6% over the same period, from $511K to $550K. Total functional expenses rose by 466.7%, from $18K to $101K. In its most recent filing year (2023), Mason Preparatory School Foundation Inc reported a surplus of $112K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $213K | $101K | $550K | $0 | — | View 990 |
| 2022 | $137K | $44K | $438K | $0 | — | View 990 |
| 2021 | $158K | $163K | $345K | $0 | — | — |
| 2020 | $99K | $158K | $350K | $0 | — | View 990 |
| 2019 | $341K | $203K | $409K | $0 | — | View 990 |
| 2018 | $200K | $441K | $271K | $0 | — | View 990 |
| 2017 | $529K | $18K | $511K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $213K, expenses of $101K, and assets of $550K (revenue +56.2% year-over-year).
- 2022: Revenue of $137K, expenses of $44K, and assets of $438K (revenue -13.5% year-over-year).
- 2021: Revenue of $158K, expenses of $163K, and assets of $345K (revenue +59.1% year-over-year).
- 2020: Revenue of $99K, expenses of $158K, and assets of $350K (revenue -70.9% year-over-year).
- 2019: Revenue of $341K, expenses of $203K, and assets of $409K (revenue +70.3% year-over-year).
- 2018: Revenue of $200K, expenses of $441K, and assets of $271K (revenue -62.1% year-over-year).
- 2017: Revenue of $529K, expenses of $18K, and assets of $511K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mason Preparatory School Foundation Inc:
Data Sources and Methodology
This transparency report for Mason Preparatory School Foundation 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.