Rachel Cosby Conway Charitable Foundation Inc
EIN: 582510251 · Charleston, SC · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $41K |
| Total Expenses | $26K |
| Net Assets | $295K |
Is Rachel Cosby Conway Charitable Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rachel Cosby Conway Charitable Foundation Inc
Rachel Cosby Conway Charitable Foundation Inc (EIN: 582510251) is a nonprofit organization based in Charleston, SC, classified under NTEE code T20. The organization reported total revenue of $41K and total assets of $310K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rachel Cosby Conway Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rachel Cosby Conway Charitable Foundation Inc is a micro nonprofit that has been operating for 24 years, with 6 years of IRS 990 filings on record (2011–2019).
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $17K |
| Total Expenses | $26K |
| Surplus / Deficit | $-8,423 |
| Total Assets | $310K |
| Total Liabilities | $15K |
| Net Assets | $295K |
| Operating Margin | -48.2% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 143.6 months |
Financial Health Grade: B
In 2019, Rachel Cosby Conway Charitable Foundation Inc reported a deficit of $8K with expenses exceeding revenue, holds 143.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +164.6% | +48.7% | +54.4% |
| 2015 | -23.1% | +15.7% | -5.1% |
| 2014 | -60.0% | -9.0% | -9.2% |
| 2013 | +79.8% | +16.6% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rachel Cosby Conway Charitable Foundation 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 Rachel Cosby Conway Charitable Foundation 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.8%.
Frequently Asked Questions about Rachel Cosby Conway Charitable Foundation Inc
Is Rachel Cosby Conway Charitable Foundation Inc a legitimate charity?
Rachel Cosby Conway Charitable Foundation Inc (EIN: 582510251) is a registered tax-exempt nonprofit based in South Carolina. It has 6 years of IRS 990 filings on record. Total revenue: $41K. No red flags identified. Financial health grade: B.
How does Rachel Cosby Conway Charitable Foundation Inc spend its money?
Rachel Cosby Conway Charitable Foundation Inc reported $41K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rachel Cosby Conway Charitable Foundation Inc tax-deductible?
Rachel Cosby Conway Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 582510251). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rachel Cosby Conway Charitable Foundation Inc located?
Rachel Cosby Conway Charitable Foundation Inc is headquartered in Charleston, South Carolina and files with the IRS under EIN 582510251. It is classified under NTEE code T20.
How many years of IRS 990 filings does Rachel Cosby Conway Charitable Foundation Inc have?
Rachel Cosby Conway Charitable Foundation Inc has 6 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 $41K in total revenue.
Filing History
IRS 990 filing history for Rachel Cosby Conway Charitable Foundation Inc showing financial trends over 6 years of public records:
Total assets increased by 34.6% over the same period, from $230K to $310K. Total functional expenses fell by 27.7%, from $36K to $26K. In its most recent filing year (2019), Rachel Cosby Conway Charitable Foundation Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $15K in liabilities against $310K in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $295K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $17K | $26K | $310K | $15K | — | — |
| 2015 | $7K | $17K | $201K | $1 | — | View 990 |
| 2014 | $9K | $15K | $212K | $1 | — | View 990 |
| 2013 | $22K | $17K | $233K | $1 | — | View 990 |
| 2012 | $12K | $14K | $228K | $0 | — | View 990 |
| 2011 | $-3,706 | $36K | $230K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $17K, expenses of $26K, and assets of $310K (revenue +164.6% year-over-year).
- 2015: Revenue of $7K, expenses of $17K, and assets of $201K (revenue -23.1% year-over-year).
- 2014: Revenue of $9K, expenses of $15K, and assets of $212K (revenue -60.0% year-over-year).
- 2013: Revenue of $22K, expenses of $17K, and assets of $233K (revenue +79.8% year-over-year).
- 2012: Revenue of $12K, expenses of $14K, and assets of $228K.
- 2011: Revenue of $-3,706, expenses of $36K, and assets of $230K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rachel Cosby Conway Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Rachel Cosby Conway Charitable Foundation 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.