Port Royal Sound Foundation
Port Royal Sound Foundation shows consistent asset growth and strong revenue generation with no reported officer compensation.
EIN: 204431922 · Okatie, SC · NTEE: C32 · Updated: 2026-03-28
Is Port Royal Sound Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Port Royal Sound Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Port Royal Sound Foundation
Port Royal Sound Foundation (EIN: 204431922) is a nonprofit organization based in Okatie, SC, classified under NTEE code C32. The organization reported total revenue of $1.1M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Port Royal Sound Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Port Royal Sound Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Port Royal Sound Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Port Royal Sound Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive structure or compensation is categorized differently.
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 Port Royal Sound Foundation's IRS 990 filings:
- Lack of detailed breakdown for program vs. administrative expenses in provided data
- Unusual 0% officer compensation reported, which might indicate compensation is reported under other categories or a fully volunteer executive team for an organization of this size.
Strengths
The following positive indicators were identified for Port Royal Sound Foundation:
- Consistent and significant asset growth year over year, from $2.8M in 2014 to $8.2M in 2023.
- Strong revenue generation, with 2023 revenue ($2.5M) more than double its expenses ($1.1M).
- No reported officer compensation across all filings, indicating a high commitment to mission-focused spending.
- Healthy financial reserves, with assets significantly exceeding liabilities (e.g., $8.2M assets vs. $33K liabilities in 2023).
Frequently Asked Questions about Port Royal Sound Foundation
Is Port Royal Sound Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Port Royal Sound Foundation (EIN: 204431922) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Port Royal Sound Foundation spend its money?
Port Royal Sound Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Port Royal Sound Foundation tax-deductible?
Port Royal Sound Foundation is registered as a tax-exempt nonprofit (EIN: 204431922). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Port Royal Sound Foundation a good charity?
Based on the provided financial data, Port Royal Sound Foundation appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, significant revenue generation exceeding expenses, and a notable absence of reported officer compensation, suggesting a high dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have grown from $2,872,896 in 2014 to $8,237,690 in 2023. Revenue has also seen substantial growth, with the latest filing showing $2,517,906, indicating a strong upward trend in financial capacity.
What is the trend in expenses relative to revenue?
Expenses have generally increased over time, but revenue growth has consistently outpaced expense growth, particularly in recent years. For example, in 2023, revenue was $2,517,906 while expenses were $1,164,396, demonstrating a healthy surplus and efficient management of resources.
Filing History
IRS 990 filing history for Port Royal Sound Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Port Royal Sound Foundation's revenue has grown by 3762%, moving from $65K to $2.5M. Total assets increased by 25670.2% over the same period, from $32K to $8.2M. Total functional expenses rose by 2270.2%, from $49K to $1.2M. In its most recent filing year (2023), Port Royal Sound Foundation reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $34K in liabilities against $8.2M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $8.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $1.2M | $8.2M | $34K | — | View 990 |
| 2022 | $1.8M | $932K | $7.3M | $471K | — | View 990 |
| 2021 | $1.4M | $868K | $6.2M | $274K | — | — |
| 2020 | $1.3M | $801K | $5.7M | $294K | — | View 990 |
| 2019 | $1.3M | $804K | $5.4M | $526K | — | View 990 |
| 2018 | $1.4M | $612K | $4.9M | $537K | — | View 990 |
| 2017 | $515K | $595K | $3.6M | $45K | — | — |
| 2016 | $1.3M | $536K | $3.7M | $54K | — | View 990 |
| 2015 | $508K | $457K | $2.9M | $55K | — | View 990 |
| 2014 | $1.5M | $211K | $2.9M | $38K | — | View 990 |
| 2013 | $513K | $208K | $1.6M | $43K | — | View 990 |
| 2012 | $943K | $160K | $853K | $47K | — | View 990 |
| 2011 | $65K | $49K | $32K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $1.2M, and assets of $8.2M (revenue +37.7% year-over-year).
- 2022: Revenue of $1.8M, expenses of $932K, and assets of $7.3M (revenue +26.6% year-over-year).
- 2021: Revenue of $1.4M, expenses of $868K, and assets of $6.2M (revenue +13.7% year-over-year).
- 2020: Revenue of $1.3M, expenses of $801K, and assets of $5.7M (revenue -5.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $804K, and assets of $5.4M (revenue -3.7% year-over-year).
- 2018: Revenue of $1.4M, expenses of $612K, and assets of $4.9M (revenue +171.0% year-over-year).
- 2017: Revenue of $515K, expenses of $595K, and assets of $3.6M (revenue -60.7% year-over-year).
- 2016: Revenue of $1.3M, expenses of $536K, and assets of $3.7M (revenue +157.9% year-over-year).
- 2015: Revenue of $508K, expenses of $457K, and assets of $2.9M (revenue -66.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $211K, and assets of $2.9M (revenue +195.6% year-over-year).
- 2013: Revenue of $513K, expenses of $208K, and assets of $1.6M (revenue -45.6% year-over-year).
- 2012: Revenue of $943K, expenses of $160K, and assets of $853K (revenue +1346.2% year-over-year).
- 2011: Revenue of $65K, expenses of $49K, and assets of $32K.
Data Sources and Methodology
This transparency report for Port Royal Sound 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.