Quilters Of South Carolina Inc
EIN: 570997357 · Columbia, SC · NTEE: A99
| Metric | Value |
|---|---|
| Total Revenue | $72K |
| Total Expenses | $84K |
| Net Assets | $84K |
Is Quilters Of South Carolina Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Quilters Of South Carolina Inc
Quilters Of South Carolina Inc (EIN: 570997357) is a nonprofit organization based in Columbia, SC, classified under NTEE code A99. The organization reported total revenue of $72K and total assets of $80K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quilters Of South Carolina Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quilters Of South Carolina Inc is a micro nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $84K |
| Surplus / Deficit | $-13,278 |
| Total Assets | $84K |
| Net Assets | $84K |
| Operating Margin | -18.6% |
| Months of Reserves | 12.0 months |
Financial Health Grade: B
In 2023, Quilters Of South Carolina Inc reported a deficit of $13K with expenses exceeding revenue, holds 12.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Quilters Of South Carolina Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.2% | +44.2% | -13.6% |
| 2022 | -11.1% | +27.4% | -5.4% |
| 2021 | +193.1% | +84.8% | +15.3% |
| 2020 | -50.6% | -58.1% | +48.9% |
| 2019 | -58.0% | -34.1% | -25.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Quilters Of South Carolina Inc 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 Quilters Of South Carolina Inc 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 deficit of $13K, with expenses exceeding revenue.
Frequently Asked Questions about Quilters Of South Carolina Inc
Is Quilters Of South Carolina Inc a legitimate charity?
Quilters Of South Carolina Inc (EIN: 570997357) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $72K. No red flags identified. Financial health grade: B.
How does Quilters Of South Carolina Inc spend its money?
Quilters Of South Carolina Inc reported $72K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Quilters Of South Carolina Inc tax-deductible?
Quilters Of South Carolina Inc is registered as a tax-exempt nonprofit (EIN: 570997357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Quilters Of South Carolina Inc located?
Quilters Of South Carolina Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 570997357. It is classified under NTEE code A99.
How many years of IRS 990 filings does Quilters Of South Carolina Inc have?
Quilters Of South Carolina Inc has 13 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 $72K in total revenue.
Filing History
IRS 990 filing history for Quilters Of South Carolina Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quilters Of South Carolina Inc's revenue has declined by 18.1%, moving from $87K to $71K. Total assets increased by 11.9% over the same period, from $75K to $84K. Total functional expenses fell by 0.7%, from $85K to $84K. In its most recent filing year (2023), Quilters Of South Carolina Inc reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $84K | $84K | $0 | — | View 990 |
| 2022 | $53K | $59K | $97K | $0 | — | View 990 |
| 2021 | $60K | $46K | $103K | $0 | — | — |
| 2020 | $20K | $25K | $89K | $0 | — | View 990 |
| 2019 | $41K | $59K | $60K | $0 | — | View 990 |
| 2018 | $98K | $90K | $81K | $0 | — | View 990 |
| 2017 | $97K | $102K | $73K | $0 | — | View 990 |
| 2016 | $76K | $89K | $78K | $0 | — | View 990 |
| 2015 | $97K | $95K | $90K | $0 | — | View 990 |
| 2014 | $99K | $93K | $88K | $0 | — | View 990 |
| 2013 | $105K | $100K | $82K | $0 | — | View 990 |
| 2012 | $103K | $102K | $77K | $0 | — | View 990 |
| 2011 | $87K | $85K | $75K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $71K, expenses of $84K, and assets of $84K (revenue +34.2% year-over-year).
- 2022: Revenue of $53K, expenses of $59K, and assets of $97K (revenue -11.1% year-over-year).
- 2021: Revenue of $60K, expenses of $46K, and assets of $103K (revenue +193.1% year-over-year).
- 2020: Revenue of $20K, expenses of $25K, and assets of $89K (revenue -50.6% year-over-year).
- 2019: Revenue of $41K, expenses of $59K, and assets of $60K (revenue -58.0% year-over-year).
- 2018: Revenue of $98K, expenses of $90K, and assets of $81K (revenue +1.3% year-over-year).
- 2017: Revenue of $97K, expenses of $102K, and assets of $73K (revenue +26.8% year-over-year).
- 2016: Revenue of $76K, expenses of $89K, and assets of $78K (revenue -21.4% year-over-year).
- 2015: Revenue of $97K, expenses of $95K, and assets of $90K (revenue -2.4% year-over-year).
- 2014: Revenue of $99K, expenses of $93K, and assets of $88K (revenue -5.0% year-over-year).
- 2013: Revenue of $105K, expenses of $100K, and assets of $82K (revenue +1.3% year-over-year).
- 2012: Revenue of $103K, expenses of $102K, and assets of $77K (revenue +18.9% year-over-year).
- 2011: Revenue of $87K, expenses of $85K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quilters Of South Carolina Inc:
Data Sources and Methodology
This transparency report for Quilters Of South Carolina Inc 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.