Myrtle Beach Performing Arts Center
Myrtle Beach Performing Arts Center faces severe financial challenges with persistent deficits and declining assets.
EIN: 201452311 · Myrtle Beach, SC · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11 |
| Total Expenses | $300 |
| Program Spending | 75% |
| Net Assets | $21K |
| Transparency Score | 30/100 |
Is Myrtle Beach Performing Arts Center Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Myrtle Beach Performing Arts Center directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Myrtle Beach Performing Arts Center
Myrtle Beach Performing Arts Center (EIN: 201452311) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code A65. The organization reported total revenue of $11 and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Myrtle Beach Performing Arts Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Myrtle Beach Performing Arts Center is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -31.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $12 |
| Total Expenses | $300 |
| Surplus / Deficit | $-288 |
| Total Assets | $21K |
| Net Assets | $21K |
| Operating Margin | -2400.0% |
| Months of Reserves | 835.0 months |
Financial Health Grade: B
In 2024, Myrtle Beach Performing Arts Center reported a deficit of $288 with expenses exceeding revenue, holds 835.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Myrtle Beach Performing Arts Center's revenue has declined at a compound annual growth rate (CAGR) of -31.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +71.4% | -42.9% | -1.4% |
| 2023 | +250.0% | +50.0% | -2.4% |
| 2022 | -33.3% | +16.7% | -1.6% |
| 2021 | -57.1% | +0.0% | -1.3% |
| 2020 | -77.4% | -28.6% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Myrtle Beach Performing Arts Center with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Myrtle Beach Performing Arts Center allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $288, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that executive salaries are not a drain on the organization's extremely limited resources.
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 Myrtle Beach Performing Arts Center's IRS 990 filings:
- Persistent and significant operational deficits (e.g., $12 revenue vs. $300 expenses in 202406).
- Steady decline in total assets over time (from $27,776 in 201506 to $20,874 in 202406).
- Extremely low revenue generation relative to expenses across multiple years.
Strengths
The following positive indicators were identified for Myrtle Beach Performing Arts Center:
- Consistent filing of IRS Form 990s, indicating transparency.
- No reported officer compensation, suggesting resources are not being diverted to executive salaries.
- Zero reported liabilities across all filings, indicating no outstanding debt.
Frequently Asked Questions about Myrtle Beach Performing Arts Center
Is Myrtle Beach Performing Arts Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Myrtle Beach Performing Arts Center (EIN: 201452311) significant concerns. Mission Score: 30/100. 3 red flags identified, 3 strengths noted.
How does Myrtle Beach Performing Arts Center spend its money?
Myrtle Beach Performing Arts Center directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Myrtle Beach Performing Arts Center tax-deductible?
Myrtle Beach Performing Arts Center is registered as a tax-exempt nonprofit (EIN: 201452311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Myrtle Beach Performing Arts Center's spending goes to programs?
Myrtle Beach Performing Arts Center directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Myrtle Beach Performing Arts Center compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Myrtle Beach Performing Arts Center is below average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Myrtle Beach Performing Arts Center located?
Myrtle Beach Performing Arts Center is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 201452311. It is classified under NTEE code A65.
How many years of IRS 990 filings does Myrtle Beach Performing Arts Center have?
Myrtle Beach Performing Arts Center 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 $11 in total revenue.
Is Myrtle Beach Performing Arts Center a good charity?
Based on the financial data, the organization is struggling significantly. While it consistently files its 990s and reports no officer compensation, its persistent operational deficits and declining assets raise serious concerns about its long-term sustainability and ability to effectively deliver on its mission.
What is the primary financial challenge facing the organization?
The primary financial challenge is the severe and consistent operational deficit. For example, in 202406, expenses were $300 while revenue was only $12, indicating a significant inability to generate sufficient income to cover costs.
How has the organization's asset base changed over time?
The organization's assets have steadily declined over the years, from $27,776 in 201506 to $20,874 in 202406, reflecting the impact of consistent operational losses.
Filing History
IRS 990 filing history for Myrtle Beach Performing Arts Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Myrtle Beach Performing Arts Center's revenue has declined by 98.9%, moving from $1K to $12. Total assets decreased by 44.2% over the same period, from $37K to $21K. Total functional expenses fell by 90.6%, from $3K to $300. In its most recent filing year (2024), Myrtle Beach Performing Arts Center reported a deficit of $288, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $12 | $300 | $21K | $0 | — | — |
| 2023 | $7 | $525 | $21K | $0 | — | View 990 |
| 2022 | $2 | $350 | $22K | $0 | — | — |
| 2021 | $3 | $300 | $22K | $0 | — | — |
| 2020 | $7 | $300 | $22K | $0 | — | — |
| 2019 | $31 | $420 | $23K | $0 | — | View 990 |
| 2018 | $11 | $2K | $23K | $0 | — | — |
| 2017 | $52 | $1K | $25K | $0 | — | View 990 |
| 2016 | $52 | $2K | $26K | $0 | — | View 990 |
| 2015 | $897 | $2K | $28K | $0 | — | View 990 |
| 2014 | $52 | $7K | $29K | $0 | — | View 990 |
| 2013 | $574 | $2K | $36K | $0 | — | View 990 |
| 2012 | $1K | $3K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $12, expenses of $300, and assets of $21K (revenue +71.4% year-over-year).
- 2023: Revenue of $7, expenses of $525, and assets of $21K (revenue +250.0% year-over-year).
- 2022: Revenue of $2, expenses of $350, and assets of $22K (revenue -33.3% year-over-year).
- 2021: Revenue of $3, expenses of $300, and assets of $22K (revenue -57.1% year-over-year).
- 2020: Revenue of $7, expenses of $300, and assets of $22K (revenue -77.4% year-over-year).
- 2019: Revenue of $31, expenses of $420, and assets of $23K (revenue +181.8% year-over-year).
- 2018: Revenue of $11, expenses of $2K, and assets of $23K (revenue -78.8% year-over-year).
- 2017: Revenue of $52, expenses of $1K, and assets of $25K (revenue +0.0% year-over-year).
- 2016: Revenue of $52, expenses of $2K, and assets of $26K (revenue -94.2% year-over-year).
- 2015: Revenue of $897, expenses of $2K, and assets of $28K (revenue +1625.0% year-over-year).
- 2014: Revenue of $52, expenses of $7K, and assets of $29K (revenue -90.9% year-over-year).
- 2013: Revenue of $574, expenses of $2K, and assets of $36K (revenue -49.4% year-over-year).
- 2012: Revenue of $1K, expenses of $3K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Myrtle Beach Performing Arts Center:
Data Sources and Methodology
This transparency report for Myrtle Beach Performing Arts Center 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.