Palmetto Shag Club
EIN: 571087880 · Columbia, SC · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $158K |
| Total Expenses | $75K |
| Net Assets | $60K |
Is Palmetto Shag 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 Shag Club
Palmetto Shag Club (EIN: 571087880) is a nonprofit organization based in Columbia, SC, classified under NTEE code N50. The organization reported total revenue of $158K and total assets of $118K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmetto Shag Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmetto Shag Club is a small nonprofit that has been operating for 26 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 21.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $75K |
| Surplus / Deficit | +$12K |
| Total Assets | $60K |
| Net Assets | $60K |
| Operating Margin | 13.4% |
| Months of Reserves | 9.6 months |
Financial Health Grade: A
In 2023, Palmetto Shag Club reported a surplus of $12K with revenue exceeding expenses, holds 9.6 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Palmetto Shag Club's revenue has grown at a compound annual growth rate (CAGR) of 21.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.5% | +12.7% | +24.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Palmetto Shag 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 Shag 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 surplus of $12K, with revenue exceeding expenses.
Frequently Asked Questions about Palmetto Shag Club
Is Palmetto Shag Club a legitimate charity?
Palmetto Shag Club (EIN: 571087880) is a registered tax-exempt nonprofit based in South Carolina. It has 2 years of IRS 990 filings on record. Total revenue: $158K. No red flags identified. Financial health grade: A.
How does Palmetto Shag Club spend its money?
Palmetto Shag Club reported $158K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Palmetto Shag Club tax-deductible?
Palmetto Shag Club is registered as a tax-exempt nonprofit (EIN: 571087880). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palmetto Shag Club located?
Palmetto Shag Club is headquartered in Columbia, South Carolina and files with the IRS under EIN 571087880. It is classified under NTEE code N50.
How many years of IRS 990 filings does Palmetto Shag Club have?
Palmetto Shag Club has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $158K in total revenue.
Filing History
IRS 990 filing history for Palmetto Shag Club showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Palmetto Shag Club's revenue has grown by 21.5%, moving from $71K to $87K. Total assets increased by 24.1% over the same period, from $48K to $60K. Total functional expenses rose by 12.7%, from $66K to $75K. In its most recent filing year (2023), Palmetto Shag Club reported a surplus of $12K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87K | $75K | $60K | $0 | — | — |
| 2022 | $71K | $66K | $48K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmetto Shag Club:
Data Sources and Methodology
This transparency report for Palmetto Shag 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.