Palmetto Works Community Development Corporation
EIN: 264805210 · Conway, SC · NTEE: S21
| Metric | Value |
|---|---|
| Total Revenue | $89K |
| Net Assets | $1 |
Is Palmetto Works Community Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Palmetto Works Community Development Corporation
Palmetto Works Community Development Corporation (EIN: 264805210) is a nonprofit organization based in Conway, SC, classified under NTEE code S21. The organization reported total revenue of $89K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palmetto Works Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palmetto Works Community Development Corporation is a micro nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2013–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | -100.0% | -100.0% |
| 2022 | -15.7% | +42.0% | -73.6% |
| 2021 | +54.1% | +39.7% | +120.9% |
| 2020 | +9.7% | +2.4% | +148.5% |
| 2019 | +25.9% | +9.8% | +218.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Palmetto Works Community Development Corporation 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 Works Community Development Corporation 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:
Frequently Asked Questions about Palmetto Works Community Development Corporation
Is Palmetto Works Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Palmetto Works Community Development Corporation (EIN: 264805210) insufficient data. 0 red flags identified, 0 strengths noted.
How does Palmetto Works Community Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Palmetto Works Community Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Palmetto Works Community Development Corporation tax-deductible?
Palmetto Works Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 264805210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palmetto Works Community Development Corporation located?
Palmetto Works Community Development Corporation is headquartered in Conway, South Carolina and files with the IRS under EIN 264805210. It is classified under NTEE code S21.
How many years of IRS 990 filings does Palmetto Works Community Development Corporation have?
Palmetto Works Community Development Corporation 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 $89K in total revenue.
Filing History
IRS 990 filing history for Palmetto Works Community Development Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Palmetto Works Community Development Corporation's revenue has declined by 100%, moving from $8K to $0. Total assets decreased by 100% over the same period, from $3K to $1. Total functional expenses fell by 100%, from $6K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $0 | $1 | $0 | — | View 990 |
| 2022 | $76K | $102K | $8K | $3K | — | View 990 |
| 2021 | $90K | $72K | $31K | $0 | — | — |
| 2020 | $59K | $51K | $14K | $2K | — | View 990 |
| 2019 | $53K | $50K | $6K | $806 | — | View 990 |
| 2018 | $42K | $46K | $2K | $308 | — | View 990 |
| 2017 | $56K | $58K | $5K | $694 | — | View 990 |
| 2016 | $22K | $30K | $7K | $453 | — | View 990 |
| 2015 | $39K | $27K | $15K | $713 | — | View 990 |
| 2013 | $8K | $6K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2022: Revenue of $76K, expenses of $102K, and assets of $8K (revenue -15.7% year-over-year).
- 2021: Revenue of $90K, expenses of $72K, and assets of $31K (revenue +54.1% year-over-year).
- 2020: Revenue of $59K, expenses of $51K, and assets of $14K (revenue +9.7% year-over-year).
- 2019: Revenue of $53K, expenses of $50K, and assets of $6K (revenue +25.9% year-over-year).
- 2018: Revenue of $42K, expenses of $46K, and assets of $2K (revenue -24.8% year-over-year).
- 2017: Revenue of $56K, expenses of $58K, and assets of $5K (revenue +154.3% year-over-year).
- 2016: Revenue of $22K, expenses of $30K, and assets of $7K (revenue -42.8% year-over-year).
- 2015: Revenue of $39K, expenses of $27K, and assets of $15K (revenue +364.7% year-over-year).
- 2013: Revenue of $8K, expenses of $6K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palmetto Works Community Development Corporation:
Data Sources and Methodology
This transparency report for Palmetto Works Community Development Corporation 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.