Palmetto Paint Horse Club
EIN: 570963109 · Andrews, SC
| Metric | Value |
|---|---|
| Total Revenue | $166K |
| Total Expenses | $146K |
| Net Assets | $63K |
Is Palmetto Paint Horse Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Palmetto Paint Horse Club
Palmetto Paint Horse Club (EIN: 570963109) is a nonprofit organization based in Andrews, SC. The organization reported total revenue of $166K and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmetto Paint Horse Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmetto Paint Horse Club is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $123K |
| Total Expenses | $146K |
| Surplus / Deficit | $-23,328 |
| Total Assets | $73K |
| Total Liabilities | $10K |
| Net Assets | $63K |
| Operating Margin | -18.9% |
| Debt-to-Asset Ratio | 14.1% |
| Months of Reserves | 6.0 months |
Financial Health Grade: B
In 2023, Palmetto Paint Horse Club reported a deficit of $23K with expenses exceeding revenue, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 14.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Palmetto Paint Horse Club's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.5% | +23.1% | -16.5% |
| 2022 | +2.7% | +30.3% | +4.1% |
| 2021 | +188.3% | +95.9% | +54.0% |
| 2020 | -64.3% | -62.0% | +13.4% |
| 2019 | -22.3% | -21.1% | -14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Palmetto Paint Horse Club 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 Palmetto Paint Horse Club 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 $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.1%.
Frequently Asked Questions about Palmetto Paint Horse Club
Is Palmetto Paint Horse Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Palmetto Paint Horse Club (EIN: 570963109) insufficient data. 0 red flags identified, 0 strengths noted.
How does Palmetto Paint Horse Club spend its money?
Detailed spending breakdown data is not yet available for Palmetto Paint Horse Club. Check back for updated IRS 990 analysis.
Are donations to Palmetto Paint Horse Club tax-deductible?
Palmetto Paint Horse Club is registered as a tax-exempt nonprofit (EIN: 570963109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palmetto Paint Horse Club located?
Palmetto Paint Horse Club is headquartered in Andrews, South Carolina and files with the IRS under EIN 570963109.
How many years of IRS 990 filings does Palmetto Paint Horse Club have?
Palmetto Paint Horse Club 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 $166K in total revenue.
Filing History
IRS 990 filing history for Palmetto Paint Horse Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Palmetto Paint Horse Club's revenue has declined by 43.5%, moving from $218K to $123K. Total assets decreased by 22.2% over the same period, from $94K to $73K. Total functional expenses fell by 27.2%, from $201K to $146K. In its most recent filing year (2023), Palmetto Paint Horse Club reported a deficit of $23K, with expenses exceeding revenue. The organization holds $10K in liabilities against $73K in assets (debt-to-asset ratio: 14.1%), resulting in net assets of $63K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $123K | $146K | $73K | $10K | — | View 990 |
| 2022 | $128K | $119K | $87K | $1K | — | — |
| 2021 | $124K | $91K | $84K | $6K | — | View 990 |
| 2020 | $43K | $47K | $54K | $10K | — | View 990 |
| 2019 | $121K | $123K | $48K | $0 | — | View 990 |
| 2018 | $155K | $156K | $56K | $6K | — | View 990 |
| 2017 | $128K | $129K | $55K | $5K | — | View 990 |
| 2016 | $97K | $104K | $62K | $10K | — | View 990 |
| 2015 | $120K | $133K | $69K | $10K | — | View 990 |
| 2014 | $151K | $163K | $85K | $14K | — | View 990 |
| 2013 | $173K | $170K | $99K | $16K | — | View 990 |
| 2012 | $181K | $178K | $89K | $9K | — | View 990 |
| 2011 | $218K | $201K | $94K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $123K, expenses of $146K, and assets of $73K (revenue -3.5% year-over-year).
- 2022: Revenue of $128K, expenses of $119K, and assets of $87K (revenue +2.7% year-over-year).
- 2021: Revenue of $124K, expenses of $91K, and assets of $84K (revenue +188.3% year-over-year).
- 2020: Revenue of $43K, expenses of $47K, and assets of $54K (revenue -64.3% year-over-year).
- 2019: Revenue of $121K, expenses of $123K, and assets of $48K (revenue -22.3% year-over-year).
- 2018: Revenue of $155K, expenses of $156K, and assets of $56K (revenue +21.4% year-over-year).
- 2017: Revenue of $128K, expenses of $129K, and assets of $55K (revenue +31.5% year-over-year).
- 2016: Revenue of $97K, expenses of $104K, and assets of $62K (revenue -19.0% year-over-year).
- 2015: Revenue of $120K, expenses of $133K, and assets of $69K (revenue -20.5% year-over-year).
- 2014: Revenue of $151K, expenses of $163K, and assets of $85K (revenue -12.9% year-over-year).
- 2013: Revenue of $173K, expenses of $170K, and assets of $99K (revenue -4.3% year-over-year).
- 2012: Revenue of $181K, expenses of $178K, and assets of $89K (revenue -16.9% year-over-year).
- 2011: Revenue of $218K, expenses of $201K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmetto Paint Horse Club:
Data Sources and Methodology
This transparency report for Palmetto Paint Horse Club 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.