Samuel Lee Toney Foundation
EIN: 474796145 · N Charleston, SC · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $35K |
| Net Assets | $26K |
Is Samuel Lee Toney Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Samuel Lee Toney Foundation
Samuel Lee Toney Foundation (EIN: 474796145) is a nonprofit organization based in N Charleston, SC, classified under NTEE code T22. The organization reported total revenue of $5K and total assets of $51K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Samuel Lee Toney Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Samuel Lee Toney Foundation is a micro nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2020–2021). Revenue has grown at a compound annual rate of -84.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $35K |
| Surplus / Deficit | $-30,118 |
| Total Assets | $51K |
| Total Liabilities | $25K |
| Net Assets | $26K |
| Operating Margin | -609.7% |
| Debt-to-Asset Ratio | 49.4% |
| Months of Reserves | 17.3 months |
Financial Health Grade: B
In 2021, Samuel Lee Toney Foundation reported a deficit of $30K with expenses exceeding revenue, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 49.4% (moderate leverage).
Financial Trends
Over 2 years of filings (2020–2021), Samuel Lee Toney Foundation's revenue has declined at a compound annual growth rate (CAGR) of -84.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -84.5% | +2.8% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Samuel Lee Toney Foundation 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 Samuel Lee Toney Foundation 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.4%.
Frequently Asked Questions about Samuel Lee Toney Foundation
Is Samuel Lee Toney Foundation a legitimate charity?
Samuel Lee Toney Foundation (EIN: 474796145) is a registered tax-exempt nonprofit based in South Carolina. It has 2 years of IRS 990 filings on record. Total revenue: $5K. No red flags identified. Financial health grade: B.
How does Samuel Lee Toney Foundation spend its money?
Samuel Lee Toney Foundation reported $5K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Samuel Lee Toney Foundation tax-deductible?
Samuel Lee Toney Foundation is registered as a tax-exempt nonprofit (EIN: 474796145). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Samuel Lee Toney Foundation located?
Samuel Lee Toney Foundation is headquartered in N Charleston, South Carolina and files with the IRS under EIN 474796145. It is classified under NTEE code T22.
How many years of IRS 990 filings does Samuel Lee Toney Foundation have?
Samuel Lee Toney Foundation has 2 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 $5K in total revenue.
Filing History
IRS 990 filing history for Samuel Lee Toney Foundation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2020–2021), Samuel Lee Toney Foundation's revenue has declined by 84.5%, moving from $32K to $5K. Total assets decreased by 2.9% over the same period, from $52K to $51K. Total functional expenses rose by 2.8%, from $34K to $35K. In its most recent filing year (2021), Samuel Lee Toney Foundation reported a deficit of $30K, with expenses exceeding revenue. The organization holds $25K in liabilities against $51K in assets (debt-to-asset ratio: 49.4%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $5K | $35K | $51K | $25K | — | — |
| 2020 | $32K | $34K | $52K | $29K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Samuel Lee Toney Foundation:
Data Sources and Methodology
This transparency report for Samuel Lee Toney 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.