Midlands Foundation For Foster Children
EIN: 571069733 · Columbia, SC · NTEE: O50P
| Metric | Value |
|---|---|
| Total Revenue | $22K |
| Total Expenses | $22K |
| Net Assets | $71K |
Is Midlands Foundation For Foster Children Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midlands Foundation For Foster Children
Midlands Foundation For Foster Children (EIN: 571069733) is a nonprofit organization based in Columbia, SC, classified under NTEE code O50P. The organization reported total revenue of $22K and total assets of $72K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midlands Foundation For Foster Children's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midlands Foundation For Foster Children is a micro nonprofit that has been operating for 28 years, with 11 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24K |
| Total Expenses | $22K |
| Surplus / Deficit | +$3K |
| Total Assets | $71K |
| Total Liabilities | $1 |
| Net Assets | $71K |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 39.4 months |
Financial Health Grade: A
In 2023, Midlands Foundation For Foster Children reported a surplus of $3K with revenue exceeding expenses, holds 39.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2010–2023), Midlands Foundation For Foster Children's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.3% | +124.6% | +4.0% |
| 2022 | +3.2% | -52.9% | +39.9% |
| 2021 | +194.3% | +94.2% | +18.8% |
| 2020 | -62.9% | -67.8% | -2.3% |
| 2019 | -0.1% | +39.3% | +129.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midlands Foundation For Foster Children 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 Midlands Foundation For Foster Children 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 $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Midlands Foundation For Foster Children
Is Midlands Foundation For Foster Children a legitimate charity?
Midlands Foundation For Foster Children (EIN: 571069733) is a registered tax-exempt nonprofit based in South Carolina. It has 11 years of IRS 990 filings on record. Total revenue: $22K. No red flags identified. Financial health grade: A.
How does Midlands Foundation For Foster Children spend its money?
Midlands Foundation For Foster Children reported $22K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Midlands Foundation For Foster Children tax-deductible?
Midlands Foundation For Foster Children is registered as a tax-exempt nonprofit (EIN: 571069733). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midlands Foundation For Foster Children located?
Midlands Foundation For Foster Children is headquartered in Columbia, South Carolina and files with the IRS under EIN 571069733. It is classified under NTEE code O50P.
How many years of IRS 990 filings does Midlands Foundation For Foster Children have?
Midlands Foundation For Foster Children has 11 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 $22K in total revenue.
Filing History
IRS 990 filing history for Midlands Foundation For Foster Children showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), Midlands Foundation For Foster Children's revenue has grown by 72.5%, moving from $14K to $24K. Total assets increased by 187.8% over the same period, from $25K to $71K. Total functional expenses rose by 96.4%, from $11K to $22K. In its most recent filing year (2023), Midlands Foundation For Foster Children reported a surplus of $3K, with revenue exceeding expenses. The organization holds $1 in liabilities against $71K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $71K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24K | $22K | $71K | $1 | — | — |
| 2022 | $29K | $10K | $69K | $1 | — | View 990 |
| 2021 | $28K | $21K | $49K | $1 | — | — |
| 2020 | $10K | $11K | $41K | $1 | — | — |
| 2019 | $26K | $33K | $42K | $1 | — | View 990 |
| 2015 | $26K | $24K | $18K | $0 | — | View 990 |
| 2014 | $22K | $27K | $18K | $0 | — | View 990 |
| 2013 | $19K | $26K | $15K | $0 | — | View 990 |
| 2012 | $21K | $18K | $1 | $0 | — | View 990 |
| 2011 | $18K | $21K | $23K | $0 | — | View 990 |
| 2010 | $14K | $11K | $25K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24K, expenses of $22K, and assets of $71K (revenue -16.3% year-over-year).
- 2022: Revenue of $29K, expenses of $10K, and assets of $69K (revenue +3.2% year-over-year).
- 2021: Revenue of $28K, expenses of $21K, and assets of $49K (revenue +194.3% year-over-year).
- 2020: Revenue of $10K, expenses of $11K, and assets of $41K (revenue -62.9% year-over-year).
- 2019: Revenue of $26K, expenses of $33K, and assets of $42K (revenue -0.1% year-over-year).
- 2015: Revenue of $26K, expenses of $24K, and assets of $18K (revenue +16.1% year-over-year).
- 2014: Revenue of $22K, expenses of $27K, and assets of $18K (revenue +15.5% year-over-year).
- 2013: Revenue of $19K, expenses of $26K, and assets of $15K (revenue -6.8% year-over-year).
- 2012: Revenue of $21K, expenses of $18K, and assets of $1 (revenue +13.3% year-over-year).
- 2011: Revenue of $18K, expenses of $21K, and assets of $23K (revenue +29.0% year-over-year).
- 2010: Revenue of $14K, expenses of $11K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midlands Foundation For Foster Children:
Data Sources and Methodology
This transparency report for Midlands Foundation For Foster Children 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.