Philip P And Sandra T Vineyardfoundation
Philip P And Sandra T Vineyardfoundation consistently spends more than it earns, drawing down its asset base.
EIN: 204869066 · Charleston, SC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $143K |
| Total Expenses | $39K |
| Program Spending | 80% |
| Net Assets | $319K |
| Transparency Score | 70/100 |
Is Philip P And Sandra T Vineyardfoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Philip P And Sandra T Vineyardfoundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Philip P And Sandra T Vineyardfoundation
Philip P And Sandra T Vineyardfoundation (EIN: 204869066) is a nonprofit organization based in Charleston, SC, classified under NTEE code T22. The organization reported total revenue of $143K and total assets of $321K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philip P And Sandra T Vineyardfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philip P And Sandra T Vineyardfoundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $39K |
| Surplus / Deficit | $-11,927 |
| Total Assets | $321K |
| Total Liabilities | $2K |
| Net Assets | $319K |
| Operating Margin | -44.1% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 98.7 months |
Financial Health Grade: B
In 2023, Philip P And Sandra T Vineyardfoundation reported a deficit of $12K with expenses exceeding revenue, holds 98.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Philip P And Sandra T Vineyardfoundation's revenue has grown at a compound annual growth rate (CAGR) of 13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +245.7% | -13.0% | -3.4% |
| 2022 | -87.4% | -11.8% | -10.0% |
| 2021 | +150.3% | -2.0% | +3.1% |
| 2020 | +7.1% | -7.5% | -7.0% |
| 2019 | +33.8% | +13.2% | -23.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Philip P And Sandra T Vineyardfoundation with a Mission Score of 70 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Philip P And Sandra T Vineyardfoundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filing periods, indicating that no salaries are paid to its officers, which is a strong positive for minimizing administrative overhead.
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 Philip P And Sandra T Vineyardfoundation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years, e.g., $38,973 expenses vs $27,046 revenue in 2023.
- Declining asset base over time, from $536,439 in 2014 to $320,643 in 2023, indicating a spend-down strategy or unsustainable spending relative to income.
Strengths
The following positive indicators were identified for Philip P And Sandra T Vineyardfoundation:
- Zero officer compensation reported across all available filings, indicating very low executive overhead.
- Long history of IRS 990 filings (10 filings), demonstrating consistent transparency and compliance.
- Low liabilities relative to assets, with liabilities at $1,664 in 2023 against $320,643 in assets.
Frequently Asked Questions about Philip P And Sandra T Vineyardfoundation
Is Philip P And Sandra T Vineyardfoundation a legitimate charity?
Philip P And Sandra T Vineyardfoundation (EIN: 204869066) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $143K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Philip P And Sandra T Vineyardfoundation spend its money?
Philip P And Sandra T Vineyardfoundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Philip P And Sandra T Vineyardfoundation tax-deductible?
Philip P And Sandra T Vineyardfoundation is registered as a tax-exempt nonprofit (EIN: 204869066). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Philip P And Sandra T Vineyardfoundation's spending goes to programs?
Philip P And Sandra T Vineyardfoundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Philip P And Sandra T Vineyardfoundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Philip P And Sandra T Vineyardfoundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Philip P And Sandra T Vineyardfoundation located?
Philip P And Sandra T Vineyardfoundation is headquartered in Charleston, South Carolina and files with the IRS under EIN 204869066. It is classified under NTEE code T22.
How many years of IRS 990 filings does Philip P And Sandra T Vineyardfoundation have?
Philip P And Sandra T Vineyardfoundation 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 $143K in total revenue.
Is Philip P And Sandra T Vineyardfoundation a good charity?
As a private grantmaking foundation, its 'goodness' depends on the impact of its grants. Financially, it has consistently spent more than its revenue, drawing down assets from $536,439 in 2014 to $320,643 in 2023. However, the lack of officer compensation is a positive sign of low administrative costs.
Why are expenses consistently higher than revenue?
The foundation has frequently reported expenses exceeding revenue, for example, $38,973 in expenses vs. $27,046 in revenue in 2023. This suggests the foundation is spending down its principal assets to fund its activities, which is common for some private foundations but leads to a declining asset base.
What is the trend in the organization's assets?
The organization's assets have shown a consistent downward trend, decreasing from $536,439 in 2014 to $320,643 in 2023. This aligns with the pattern of expenses often exceeding revenue.
Does the foundation pay its executives?
No, the IRS 990 filings consistently show 0% officer compensation for all available periods, indicating that no salaries are paid to its officers.
Filing History
IRS 990 filing history for Philip P And Sandra T Vineyardfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Philip P And Sandra T Vineyardfoundation's revenue has grown by 379.1%, moving from $6K to $27K. Total assets decreased by 9.7% over the same period, from $355K to $321K. Total functional expenses rose by 14.1%, from $34K to $39K. In its most recent filing year (2023), Philip P And Sandra T Vineyardfoundation reported a deficit of $12K, with expenses exceeding revenue. The organization holds $2K in liabilities against $321K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $319K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $39K | $321K | $2K | — | — |
| 2022 | $8K | $45K | $332K | $1K | — | View 990 |
| 2021 | $62K | $51K | $369K | $989 | — | View 990 |
| 2020 | $25K | $52K | $358K | $1K | — | — |
| 2019 | $23K | $56K | $385K | $1K | — | View 990 |
| 2015 | $17K | $50K | $506K | $2K | — | View 990 |
| 2014 | $35K | $33K | $536K | $1 | — | View 990 |
| 2013 | $69K | $44K | $534K | $567 | — | View 990 |
| 2012 | $53K | $35K | $374K | $1 | — | View 990 |
| 2011 | $6K | $34K | $355K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $39K, and assets of $321K (revenue +245.7% year-over-year).
- 2022: Revenue of $8K, expenses of $45K, and assets of $332K (revenue -87.4% year-over-year).
- 2021: Revenue of $62K, expenses of $51K, and assets of $369K (revenue +150.3% year-over-year).
- 2020: Revenue of $25K, expenses of $52K, and assets of $358K (revenue +7.1% year-over-year).
- 2019: Revenue of $23K, expenses of $56K, and assets of $385K (revenue +33.8% year-over-year).
- 2015: Revenue of $17K, expenses of $50K, and assets of $506K (revenue -50.9% year-over-year).
- 2014: Revenue of $35K, expenses of $33K, and assets of $536K (revenue -49.0% year-over-year).
- 2013: Revenue of $69K, expenses of $44K, and assets of $534K (revenue +29.3% year-over-year).
- 2012: Revenue of $53K, expenses of $35K, and assets of $374K (revenue +846.7% year-over-year).
- 2011: Revenue of $6K, expenses of $34K, and assets of $355K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philip P And Sandra T Vineyardfoundation:
Data Sources and Methodology
This transparency report for Philip P And Sandra T Vineyardfoundation 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.