Myrtle Beach Area Hospitality Association Inc
EIN: 570722064 · Columbia, SC
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $87K |
| Net Assets | $358K |
Is Myrtle Beach Area Hospitality Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Myrtle Beach Area Hospitality Association Inc
Myrtle Beach Area Hospitality Association Inc (EIN: 570722064) is a nonprofit organization based in Columbia, SC. The organization reported total revenue of $145K and total assets of $340K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Myrtle Beach Area Hospitality Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Myrtle Beach Area Hospitality Association Inc is a small nonprofit that has been operating for 28 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $87K |
| Surplus / Deficit | +$16K |
| Total Assets | $359K |
| Total Liabilities | $1K |
| Net Assets | $358K |
| Operating Margin | 15.3% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 49.6 months |
Financial Health Grade: A
In 2023, Myrtle Beach Area Hospitality Association Inc reported a surplus of $16K with revenue exceeding expenses, holds 49.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Myrtle Beach Area Hospitality Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.1% | -44.6% | +4.2% |
| 2022 | +123.5% | +36.7% | +24.0% |
| 2021 | -21.5% | -0.7% | -5.7% |
| 2020 | -34.6% | -31.4% | +3.2% |
| 2019 | +22.4% | +8.1% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Myrtle Beach Area Hospitality Association Inc 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 Myrtle Beach Area Hospitality Association Inc 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 $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Myrtle Beach Area Hospitality Association Inc
Is Myrtle Beach Area Hospitality Association Inc a legitimate charity?
Myrtle Beach Area Hospitality Association Inc (EIN: 570722064) is a registered tax-exempt nonprofit based in South Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $145K. No red flags identified. Financial health grade: A.
How does Myrtle Beach Area Hospitality Association Inc spend its money?
Myrtle Beach Area Hospitality Association Inc reported $145K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Myrtle Beach Area Hospitality Association Inc tax-deductible?
Myrtle Beach Area Hospitality Association Inc is registered as a tax-exempt nonprofit (EIN: 570722064). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Myrtle Beach Area Hospitality Association Inc located?
Myrtle Beach Area Hospitality Association Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 570722064.
How many years of IRS 990 filings does Myrtle Beach Area Hospitality Association Inc have?
Myrtle Beach Area Hospitality Association Inc has 14 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 $145K in total revenue.
Filing History
IRS 990 filing history for Myrtle Beach Area Hospitality Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Myrtle Beach Area Hospitality Association Inc's revenue has declined by 40.6%, moving from $173K to $103K. Total assets increased by 214.5% over the same period, from $114K to $359K. Total functional expenses fell by 40.5%, from $146K to $87K. In its most recent filing year (2023), Myrtle Beach Area Hospitality Association Inc reported a surplus of $16K, with revenue exceeding expenses. The organization holds $1K in liabilities against $359K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $358K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $87K | $359K | $1K | — | — |
| 2022 | $218K | $157K | $344K | $3K | — | View 990 |
| 2021 | $98K | $115K | $278K | $0 | — | View 990 |
| 2020 | $124K | $115K | $295K | $0 | — | View 990 |
| 2019 | $190K | $168K | $286K | $0 | — | — |
| 2018 | $155K | $155K | $263K | $0 | — | View 990 |
| 2017 | $242K | $225K | $263K | $0 | — | View 990 |
| 2016 | $167K | $142K | $246K | $0 | — | View 990 |
| 2015 | $166K | $143K | $222K | $1K | — | View 990 |
| 2014 | $147K | $134K | $198K | $0 | — | View 990 |
| 2013 | $165K | $152K | $185K | $0 | — | View 990 |
| 2012 | $165K | $143K | $172K | $0 | — | View 990 |
| 2011 | $178K | $141K | $151K | $20 | — | View 990 |
| 2010 | $173K | $146K | $114K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103K, expenses of $87K, and assets of $359K (revenue -53.1% year-over-year).
- 2022: Revenue of $218K, expenses of $157K, and assets of $344K (revenue +123.5% year-over-year).
- 2021: Revenue of $98K, expenses of $115K, and assets of $278K (revenue -21.5% year-over-year).
- 2020: Revenue of $124K, expenses of $115K, and assets of $295K (revenue -34.6% year-over-year).
- 2019: Revenue of $190K, expenses of $168K, and assets of $286K (revenue +22.4% year-over-year).
- 2018: Revenue of $155K, expenses of $155K, and assets of $263K (revenue -35.7% year-over-year).
- 2017: Revenue of $242K, expenses of $225K, and assets of $263K (revenue +44.6% year-over-year).
- 2016: Revenue of $167K, expenses of $142K, and assets of $246K (revenue +0.9% year-over-year).
- 2015: Revenue of $166K, expenses of $143K, and assets of $222K (revenue +12.6% year-over-year).
- 2014: Revenue of $147K, expenses of $134K, and assets of $198K (revenue -10.6% year-over-year).
- 2013: Revenue of $165K, expenses of $152K, and assets of $185K (revenue +-0.0% year-over-year).
- 2012: Revenue of $165K, expenses of $143K, and assets of $172K (revenue -7.6% year-over-year).
- 2011: Revenue of $178K, expenses of $141K, and assets of $151K (revenue +3.2% year-over-year).
- 2010: Revenue of $173K, expenses of $146K, and assets of $114K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Myrtle Beach Area Hospitality Association Inc:
Data Sources and Methodology
This transparency report for Myrtle Beach Area Hospitality 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.