Mt Pleasant Performing Arts Company Inc
Mt Pleasant Performing Arts Company Inc shows strong revenue growth and asset accumulation in its latest fiscal year.
EIN: 203099177 · Mt Pleasant, SC · NTEE: A620 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $81K |
| Total Expenses | $123K |
| Program Spending | 85% |
| Net Assets | $112K |
| Transparency Score | 85/100 |
Is Mt Pleasant Performing Arts Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mt Pleasant Performing Arts Company Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mt Pleasant Performing Arts Company Inc
Mt Pleasant Performing Arts Company Inc (EIN: 203099177) is a nonprofit organization based in Mt Pleasant, SC, classified under NTEE code A620. The organization reported total revenue of $81K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mt Pleasant Performing Arts Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mt Pleasant Performing Arts Company Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $219K |
| Total Expenses | $123K |
| Surplus / Deficit | +$95K |
| Total Assets | $112K |
| Total Liabilities | $1 |
| Net Assets | $112K |
| Operating Margin | 43.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2023, Mt Pleasant Performing Arts Company Inc reported a surplus of $95K with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Mt Pleasant Performing Arts Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +236.1% | +27.8% | +571.2% |
| 2022 | -37.7% | +4.3% | -65.2% |
| 2021 | +38.2% | +16.2% | +33.1% |
| 2020 | -5.8% | -14.5% | -10.0% |
| 2019 | +15.4% | +49.8% | +161.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Mt Pleasant Performing Arts Company 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: 85%
- fundraising: 5%
According to IRS 990 filings, Mt Pleasant Performing Arts Company 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $95K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is highly efficient for an organization of its 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 Mt Pleasant Performing Arts Company Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $65,014 in 2022 to $218,530 in 2023) could indicate reliance on unpredictable funding sources.
Strengths
The following positive indicators were identified for Mt Pleasant Performing Arts Company Inc:
- Strong financial surplus in the latest fiscal year (2023 revenue $218,530 vs. expenses $123,173).
- Consistent asset growth, reaching $112,050 in 2023, indicating financial stability.
- Extremely low liabilities across all reported periods, often just $1.
- 0% reported officer compensation, suggesting efficient use of funds for mission-related activities.
Frequently Asked Questions about Mt Pleasant Performing Arts Company Inc
Is Mt Pleasant Performing Arts Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mt Pleasant Performing Arts Company Inc (EIN: 203099177) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Mt Pleasant Performing Arts Company Inc spend its money?
Mt Pleasant Performing Arts Company Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mt Pleasant Performing Arts Company Inc tax-deductible?
Mt Pleasant Performing Arts Company Inc is registered as a tax-exempt nonprofit (EIN: 203099177). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mt Pleasant Performing Arts Company Inc's spending goes to programs?
Mt Pleasant Performing Arts Company Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mt Pleasant Performing Arts Company Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mt Pleasant Performing Arts Company Inc is above average for NTEE category A620 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mt Pleasant Performing Arts Company Inc located?
Mt Pleasant Performing Arts Company Inc is headquartered in Mt Pleasant, South Carolina and files with the IRS under EIN 203099177. It is classified under NTEE code A620.
How many years of IRS 990 filings does Mt Pleasant Performing Arts Company Inc have?
Mt Pleasant Performing Arts Company Inc has 10 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 $81K in total revenue.
What caused the significant revenue increase in 2023?
The provided data shows revenue jumped from $65,014 in 2022 to $218,530 in 2023. Understanding the source of this increase (e.g., major grants, successful fundraising campaign, increased program participation) would provide insight into its sustainability.
How does the organization manage its program expenses given the fluctuating revenue?
With revenues varying significantly year-to-year (e.g., $65,014 in 2022 vs. $218,530 in 2023), understanding how program delivery is maintained or adjusted to these fluctuations is key to assessing operational stability.
What are the specific categories of expenses beyond the total reported?
While total expenses are provided, a detailed breakdown of program, administrative, and fundraising costs would allow for a more precise evaluation of spending efficiency and resource allocation.
Filing History
IRS 990 filing history for Mt Pleasant Performing Arts Company Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Mt Pleasant Performing Arts Company Inc's revenue has grown by 396.1%, moving from $44K to $219K. Total assets increased by 2663.3% over the same period, from $4K to $112K. Total functional expenses rose by 180.6%, from $44K to $123K. In its most recent filing year (2023), Mt Pleasant Performing Arts Company Inc reported a surplus of $95K, with revenue exceeding expenses. The organization holds $1 in liabilities against $112K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $112K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $219K | $123K | $112K | $1 | — | View 990 |
| 2022 | $65K | $96K | $17K | $1 | — | View 990 |
| 2021 | $104K | $92K | $48K | $1 | — | View 990 |
| 2020 | $75K | $79K | $36K | $1 | — | — |
| 2019 | $80K | $93K | $40K | $1 | — | View 990 |
| 2015 | $69K | $62K | $15K | $1 | — | View 990 |
| 2014 | $59K | $64K | $8K | $1 | — | View 990 |
| 2013 | $51K | $42K | $13K | $0 | — | View 990 |
| 2012 | $55K | $54K | $5K | $1 | — | View 990 |
| 2011 | $44K | $44K | $4K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $219K, expenses of $123K, and assets of $112K (revenue +236.1% year-over-year).
- 2022: Revenue of $65K, expenses of $96K, and assets of $17K (revenue -37.7% year-over-year).
- 2021: Revenue of $104K, expenses of $92K, and assets of $48K (revenue +38.2% year-over-year).
- 2020: Revenue of $75K, expenses of $79K, and assets of $36K (revenue -5.8% year-over-year).
- 2019: Revenue of $80K, expenses of $93K, and assets of $40K (revenue +15.4% year-over-year).
- 2015: Revenue of $69K, expenses of $62K, and assets of $15K (revenue +17.2% year-over-year).
- 2014: Revenue of $59K, expenses of $64K, and assets of $8K (revenue +16.8% year-over-year).
- 2013: Revenue of $51K, expenses of $42K, and assets of $13K (revenue -7.4% year-over-year).
- 2012: Revenue of $55K, expenses of $54K, and assets of $5K (revenue +24.3% year-over-year).
- 2011: Revenue of $44K, expenses of $44K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mt Pleasant Performing Arts Company Inc:
Data Sources and Methodology
This transparency report for Mt Pleasant Performing Arts Company 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.