Midlands Holy Family Fund Inc
Midlands Holy Family Fund Inc. operates with modest revenue and no officer compensation, but faces fluctuating financial performance.
EIN: 200023884 · Columbia, SC · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $37K |
| Program Spending | 85% |
| Net Assets | $5K |
| Transparency Score | 75/100 |
Is Midlands Holy Family Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midlands Holy Family Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Midlands Holy Family Fund Inc
Midlands Holy Family Fund Inc (EIN: 200023884) is a nonprofit organization based in Columbia, SC, classified under NTEE code P60. The organization reported total revenue of $27K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midlands Holy Family Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midlands Holy Family Fund Inc is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $37K |
| Surplus / Deficit | +$4K |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | 8.9% |
| Months of Reserves | 1.7 months |
Financial Health Grade: A
In 2024, Midlands Holy Family Fund Inc reported a surplus of $4K with revenue exceeding expenses, holds 1.7 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2012–2024), Midlands Holy Family Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +50.1% | -27.2% | +242.9% |
| 2023 | -29.9% | +45.8% | -94.1% |
| 2022 | -8.2% | +13.6% | +17.3% |
| 2021 | +23.1% | +9.9% | +111.4% |
| 2020 | -5.8% | -20.6% | +158.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Midlands Holy Family Fund Inc with a Mission Score of 75 out of 100 (Good). 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, Midlands Holy Family Fund Inc 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 (2024)
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 reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for a nonprofit of this size.
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 Midlands Holy Family Fund Inc's IRS 990 filings:
- Inconsistent asset growth and significant fluctuations in asset base
- Expenses exceeding revenue in multiple periods (e.g., 2023: $50,140 expenses vs. $26,700 revenue)
- Small overall asset base ($5,051 in 2024) provides limited financial resilience
Strengths
The following positive indicators were identified for Midlands Holy Family Fund Inc:
- Zero reported officer compensation across all filings, indicating volunteer leadership and low administrative overhead
- Consistently reports zero liabilities, suggesting sound debt management
- Long operational history with 13 IRS 990 filings, demonstrating commitment to compliance
Frequently Asked Questions about Midlands Holy Family Fund Inc
Is Midlands Holy Family Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Midlands Holy Family Fund Inc (EIN: 200023884) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Midlands Holy Family Fund Inc spend its money?
Midlands Holy Family Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Midlands Holy Family Fund Inc tax-deductible?
Midlands Holy Family Fund Inc is registered as a tax-exempt nonprofit (EIN: 200023884). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Midlands Holy Family Fund Inc's spending goes to programs?
Midlands Holy Family Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Midlands Holy Family Fund Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Midlands Holy Family Fund Inc is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Midlands Holy Family Fund Inc located?
Midlands Holy Family Fund Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 200023884. It is classified under NTEE code P60.
How many years of IRS 990 filings does Midlands Holy Family Fund Inc have?
Midlands Holy Family Fund Inc 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 $27K in total revenue.
Is Midlands Holy Family Fund Inc. financially stable?
The organization's financial stability shows some variability. While it consistently reports zero liabilities, its revenue and expenses fluctuate, with expenses exceeding revenue in some years (e.g., 2023 with $50,140 expenses vs. $26,700 revenue), leading to a reduction in assets. The small asset base ($5,051 in 2024) provides limited financial cushion.
How much of donations go to programs?
Based on the absence of officer compensation and the general operational pattern, it's estimated that a significant portion, approximately 85%, of expenses are directed towards programs. However, without detailed expense breakdowns in the provided data, this is an estimation.
Does the organization have high administrative costs?
The organization appears to have low administrative costs, primarily due to reporting 0% officer compensation across all filings. This suggests a lean operational structure, likely relying heavily on volunteers for administrative functions.
What is the trend in the organization's assets?
The organization's assets have fluctuated significantly over the years, from a low of $1,222 in 2015 to a high of $24,913 in 2022, and most recently $5,051 in 2024. This indicates inconsistent accumulation of reserves.
Filing History
IRS 990 filing history for Midlands Holy Family Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Midlands Holy Family Fund Inc's revenue has declined by 5.9%, moving from $43K to $40K. Total assets increased by 346.6% over the same period, from $1K to $5K. Total functional expenses fell by 15%, from $43K to $37K. In its most recent filing year (2024), Midlands Holy Family Fund Inc reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $40K | $37K | $5K | $0 | — | — |
| 2023 | $27K | $50K | $1K | $0 | — | View 990 |
| 2022 | $38K | $34K | $25K | $0 | — | — |
| 2021 | $41K | $30K | $21K | $0 | — | View 990 |
| 2020 | $34K | $28K | $10K | $0 | — | View 990 |
| 2019 | $36K | $35K | $4K | $0 | — | View 990 |
| 2018 | $31K | $34K | $3K | $0 | — | View 990 |
| 2017 | $37K | $35K | $5K | $0 | — | View 990 |
| 2016 | $33K | $31K | $4K | $0 | — | View 990 |
| 2015 | $34K | $36K | $1K | $0 | — | View 990 |
| 2014 | $31K | $30K | $3K | $0 | — | View 990 |
| 2013 | $38K | $37K | $2K | $0 | — | View 990 |
| 2012 | $43K | $43K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $40K, expenses of $37K, and assets of $5K (revenue +50.1% year-over-year).
- 2023: Revenue of $27K, expenses of $50K, and assets of $1K (revenue -29.9% year-over-year).
- 2022: Revenue of $38K, expenses of $34K, and assets of $25K (revenue -8.2% year-over-year).
- 2021: Revenue of $41K, expenses of $30K, and assets of $21K (revenue +23.1% year-over-year).
- 2020: Revenue of $34K, expenses of $28K, and assets of $10K (revenue -5.8% year-over-year).
- 2019: Revenue of $36K, expenses of $35K, and assets of $4K (revenue +14.5% year-over-year).
- 2018: Revenue of $31K, expenses of $34K, and assets of $3K (revenue -14.5% year-over-year).
- 2017: Revenue of $37K, expenses of $35K, and assets of $5K (revenue +10.3% year-over-year).
- 2016: Revenue of $33K, expenses of $31K, and assets of $4K (revenue -3.5% year-over-year).
- 2015: Revenue of $34K, expenses of $36K, and assets of $1K (revenue +11.7% year-over-year).
- 2014: Revenue of $31K, expenses of $30K, and assets of $3K (revenue -19.8% year-over-year).
- 2013: Revenue of $38K, expenses of $37K, and assets of $2K (revenue -9.9% year-over-year).
- 2012: Revenue of $43K, expenses of $43K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midlands Holy Family Fund Inc:
Data Sources and Methodology
This transparency report for Midlands Holy Family Fund 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.