Perry Chapel Foundation
Perry Chapel Foundation experiences significant deficit and asset depletion in 2020 despite revenue.
EIN: 208487921 · Simpsonville, SC · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $225K |
| Total Expenses | $380K |
| Program Spending | 70% |
| Net Assets | $8K |
| Transparency Score | 55/100 |
Is Perry Chapel Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Perry Chapel Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Perry Chapel Foundation
Perry Chapel Foundation (EIN: 208487921) is a nonprofit organization based in Simpsonville, SC, classified under NTEE code T30. The organization reported total revenue of $225K and total assets of $8K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Perry Chapel Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Perry Chapel Foundation is a small nonprofit that has been operating for 18 years, with 3 years of IRS 990 filings on record (2018–2020). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $380K |
| Surplus / Deficit | $-154,978 |
| Total Assets | $8K |
| Net Assets | $8K |
| Operating Margin | -68.7% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2020, Perry Chapel Foundation reported a deficit of $155K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited).
Financial Trends
Over 3 years of filings (2018–2020), Perry Chapel Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -100.0% | +346.1% | -18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Perry Chapel Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Perry Chapel Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $155K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all three years, indicating that no officers received salaries from the organization, which is commendable for a small foundation.
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 Perry Chapel Foundation's IRS 990 filings:
- Significant operating deficit in 2020 ($154,978).
- Substantial decline in assets over three years (from $201,576 to $8,499).
- Inconsistent revenue generation (zero revenue in 2019).
Strengths
The following positive indicators were identified for Perry Chapel Foundation:
- 0% officer compensation reported across all filings, indicating efficient use of funds for leadership.
- No reported liabilities, suggesting a debt-free status.
Frequently Asked Questions about Perry Chapel Foundation
Is Perry Chapel Foundation a legitimate charity?
Perry Chapel Foundation (EIN: 208487921) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 55/100. It has 3 years of IRS 990 filings on record. Total revenue: $225K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Perry Chapel Foundation spend its money?
Perry Chapel Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Perry Chapel Foundation tax-deductible?
Perry Chapel Foundation is registered as a tax-exempt nonprofit (EIN: 208487921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Perry Chapel Foundation's spending goes to programs?
Perry Chapel Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Perry Chapel Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Perry Chapel Foundation is near average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Perry Chapel Foundation located?
Perry Chapel Foundation is headquartered in Simpsonville, South Carolina and files with the IRS under EIN 208487921. It is classified under NTEE code T30.
How many years of IRS 990 filings does Perry Chapel Foundation have?
Perry Chapel Foundation has 3 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 $225K in total revenue.
What caused the significant increase in expenses in 2020 to $380,426, far exceeding the $225,448 in revenue?
The provided data does not specify the nature of these expenses, but they led to a substantial operating deficit for the year.
Why did the organization's assets decrease from $201,576 in 2018 to $8,499 in 2020?
The asset depletion is likely due to the high expenses in 2020 and the lack of revenue in 2019, indicating the organization may have drawn down its reserves.
What programs did the Perry Chapel Foundation operate in 2019, given zero reported revenue but $42,005 in expenses?
The data suggests the organization operated on existing assets or prior year's funds in 2019, as no revenue was generated to cover the $42,005 in expenses.
Filing History
IRS 990 filing history for Perry Chapel Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2018–2020), Perry Chapel Foundation's revenue has grown by 6.9%, moving from $211K to $225K. Total assets decreased by 95.8% over the same period, from $202K to $8K. Total functional expenses rose by 3939.8%, from $9K to $380K. In its most recent filing year (2020), Perry Chapel Foundation reported a deficit of $155K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $225K | $380K | $8K | $0 | — | View 990 |
| 2019 | $0 | $42K | $163K | $0 | — | View 990 |
| 2018 | $211K | $9K | $202K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $225K, expenses of $380K, and assets of $8K.
- 2019: Revenue of $0, expenses of $42K, and assets of $163K (revenue -100.0% year-over-year).
- 2018: Revenue of $211K, expenses of $9K, and assets of $202K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Perry Chapel Foundation:
Data Sources and Methodology
This transparency report for Perry Chapel Foundation 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.