Midlands Special Needs Foundation
EIN: 260269861 · Lexington, SC · NTEE: P82
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $73K |
| Net Assets | $237K |
Is Midlands Special Needs Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midlands Special Needs Foundation
Midlands Special Needs Foundation (EIN: 260269861) is a nonprofit organization based in Lexington, SC, classified under NTEE code P82. The organization reported total revenue of $74K and total assets of $253K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midlands Special Needs Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midlands Special Needs Foundation is a micro nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63K |
| Total Expenses | $73K |
| Surplus / Deficit | $-9,805 |
| Total Assets | $237K |
| Net Assets | $237K |
| Operating Margin | -15.4% |
| Months of Reserves | 38.8 months |
Financial Health Grade: B
In 2023, Midlands Special Needs Foundation reported a deficit of $10K with expenses exceeding revenue, holds 38.8 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Midlands Special Needs Foundation's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.8% | +42.5% | -4.0% |
| 2022 | -19.5% | -18.0% | +13.2% |
| 2021 | +23.0% | +5.7% | +20.2% |
| 2020 | -5.0% | +18.4% | +13.4% |
| 2019 | -2.0% | +50.2% | +28.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midlands Special Needs Foundation 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 Special Needs Foundation 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 deficit of $10K, with expenses exceeding revenue.
Frequently Asked Questions about Midlands Special Needs Foundation
Is Midlands Special Needs Foundation a legitimate charity?
Midlands Special Needs Foundation (EIN: 260269861) is a registered tax-exempt nonprofit based in South Carolina. It has 9 years of IRS 990 filings on record. Total revenue: $74K. No red flags identified. Financial health grade: B.
How does Midlands Special Needs Foundation spend its money?
Midlands Special Needs Foundation reported $74K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Midlands Special Needs Foundation tax-deductible?
Midlands Special Needs Foundation is registered as a tax-exempt nonprofit (EIN: 260269861). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midlands Special Needs Foundation located?
Midlands Special Needs Foundation is headquartered in Lexington, South Carolina and files with the IRS under EIN 260269861. It is classified under NTEE code P82.
How many years of IRS 990 filings does Midlands Special Needs Foundation have?
Midlands Special Needs Foundation has 9 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 $74K in total revenue.
Filing History
IRS 990 filing history for Midlands Special Needs Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Midlands Special Needs Foundation's revenue has declined by 15.5%, moving from $75K to $63K. Total assets increased by 134.5% over the same period, from $101K to $237K. Total functional expenses rose by 16%, from $63K to $73K. In its most recent filing year (2023), Midlands Special Needs Foundation reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63K | $73K | $237K | $0 | — | View 990 |
| 2022 | $80K | $51K | $247K | $0 | — | View 990 |
| 2021 | $100K | $63K | $218K | $0 | — | — |
| 2020 | $81K | $59K | $182K | $0 | — | — |
| 2019 | $85K | $50K | $160K | $0 | — | View 990 |
| 2018 | $87K | $33K | $125K | $0 | — | View 990 |
| 2017 | $60K | $46K | $72K | $0 | — | View 990 |
| 2016 | $49K | $92K | $58K | $0 | — | View 990 |
| 2015 | $75K | $63K | $101K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63K, expenses of $73K, and assets of $237K (revenue -20.8% year-over-year).
- 2022: Revenue of $80K, expenses of $51K, and assets of $247K (revenue -19.5% year-over-year).
- 2021: Revenue of $100K, expenses of $63K, and assets of $218K (revenue +23.0% year-over-year).
- 2020: Revenue of $81K, expenses of $59K, and assets of $182K (revenue -5.0% year-over-year).
- 2019: Revenue of $85K, expenses of $50K, and assets of $160K (revenue -2.0% year-over-year).
- 2018: Revenue of $87K, expenses of $33K, and assets of $125K (revenue +44.6% year-over-year).
- 2017: Revenue of $60K, expenses of $46K, and assets of $72K (revenue +23.1% year-over-year).
- 2016: Revenue of $49K, expenses of $92K, and assets of $58K (revenue -35.1% year-over-year).
- 2015: Revenue of $75K, expenses of $63K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midlands Special Needs Foundation:
Data Sources and Methodology
This transparency report for Midlands Special Needs Foundation 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.