Merchants Gate Property Owners Association Inc
Small homeowners association maintains stable assets with volunteer leadership and no debt.
EIN: 205879944 · Pendleton, SC · NTEE: L50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $426 |
| Program Spending | 90% |
| Net Assets | $11K |
| Transparency Score | 85/100 |
Is Merchants Gate Property Owners Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Merchants Gate Property Owners Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Merchants Gate Property Owners Association Inc
Merchants Gate Property Owners Association Inc (EIN: 205879944) is a nonprofit organization based in Pendleton, SC, classified under NTEE code L50. The organization reported total revenue of $5K and total assets of $12K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merchants Gate Property Owners Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Merchants Gate Property Owners Association Inc is a micro nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $426 |
| Surplus / Deficit | +$4K |
| Total Assets | $11K |
| Net Assets | $11K |
| Operating Margin | 91.1% |
| Months of Reserves | 320.3 months |
Financial Health Grade: A
In 2023, Merchants Gate Property Owners Association Inc reported a surplus of $4K with revenue exceeding expenses, holds 320.3 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Merchants Gate Property Owners Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.3% | -96.5% | +62.5% |
| 2022 | +16.7% | +8184.9% | -48.1% |
| 2021 | -20.0% | -96.9% | +52.7% |
| 2020 | +25.0% | -12.0% | +18.0% |
| 2019 | +9.1% | +157.5% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2019 |
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 Merchants Gate Property Owners Association Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Merchants Gate Property Owners Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $4K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating a volunteer-led organization. This is highly efficient for an organization of its size, as it minimizes overhead costs associated with salaries.
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 Merchants Gate Property Owners Association Inc:
- Consistent zero officer compensation, indicating volunteer leadership and high efficiency.
- Zero reported liabilities across all filing periods, demonstrating strong financial health and no debt.
- Stable and growing asset base, from $7,979 in 201812 to $11,585 currently.
- Low overall expenses relative to assets, suggesting prudent financial management.
Frequently Asked Questions about Merchants Gate Property Owners Association Inc
Is Merchants Gate Property Owners Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Merchants Gate Property Owners Association Inc (EIN: 205879944) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Merchants Gate Property Owners Association Inc spend its money?
Merchants Gate Property Owners Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Merchants Gate Property Owners Association Inc tax-deductible?
Merchants Gate Property Owners Association Inc is registered as a tax-exempt nonprofit (EIN: 205879944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Merchants Gate Property Owners Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Merchants Gate Property Owners Association Inc is above average for NTEE category L50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Merchants Gate Property Owners Association Inc located?
Merchants Gate Property Owners Association Inc is headquartered in Pendleton, South Carolina and files with the IRS under EIN 205879944. It is classified under NTEE code L50.
How many years of IRS 990 filings does Merchants Gate Property Owners Association Inc have?
Merchants Gate Property Owners Association Inc has 6 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 $5K in total revenue.
Is Merchants Gate Property Owners Association Inc a good charity?
Based on the available IRS 990 data, Merchants Gate Property Owners Association Inc appears to be a well-managed, small, volunteer-led organization with no debt and consistent assets. Its financial practices suggest a focus on its community mission without significant overheads.
How does the organization manage its expenses relative to its revenue?
The organization generally keeps expenses below or near revenue, with the exception of 202212 where expenses ($12,096) significantly exceeded revenue ($5,600). This suggests occasional larger projects or maintenance costs that may draw from accumulated assets, but overall, it maintains a positive asset balance.
What is the trend in the organization's assets?
Assets have fluctuated but shown a general upward trend from $7,979 in 201812 to $11,585 currently, indicating a healthy accumulation of resources over time despite occasional expense spikes.
Filing History
IRS 990 filing history for Merchants Gate Property Owners Association Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Merchants Gate Property Owners Association Inc's revenue has grown by 9.1%, moving from $4K to $5K. Total assets increased by 42.5% over the same period, from $8K to $11K. Total functional expenses fell by 79.2%, from $2K to $426. In its most recent filing year (2023), Merchants Gate Property Owners Association Inc reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $426 | $11K | $0 | — | — |
| 2022 | $6K | $12K | $7K | $0 | — | View 990 |
| 2021 | $5K | $146 | $13K | $0 | — | — |
| 2020 | $6K | $5K | $9K | $0 | — | View 990 |
| 2019 | $5K | $5K | $7K | $0 | — | View 990 |
| 2018 | $4K | $2K | $8K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $426, and assets of $11K (revenue -14.3% year-over-year).
- 2022: Revenue of $6K, expenses of $12K, and assets of $7K (revenue +16.7% year-over-year).
- 2021: Revenue of $5K, expenses of $146, and assets of $13K (revenue -20.0% year-over-year).
- 2020: Revenue of $6K, expenses of $5K, and assets of $9K (revenue +25.0% year-over-year).
- 2019: Revenue of $5K, expenses of $5K, and assets of $7K (revenue +9.1% year-over-year).
- 2018: Revenue of $4K, expenses of $2K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Merchants Gate Property Owners Association Inc:
Data Sources and Methodology
This transparency report for Merchants Gate Property Owners 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.