Sc Progressive Network Education Fund
EIN: 571069839 · Columbia, SC · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $292K |
| Total Expenses | $152K |
| Net Assets | $423K |
Is Sc Progressive Network Education Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sc Progressive Network Education Fund
Sc Progressive Network Education Fund (EIN: 571069839) is a nonprofit organization based in Columbia, SC, classified under NTEE code B90. The organization reported total revenue of $292K and total assets of $515K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sc Progressive Network Education Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sc Progressive Network Education Fund is a small nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $394K |
| Total Expenses | $152K |
| Surplus / Deficit | +$242K |
| Total Assets | $548K |
| Total Liabilities | $125K |
| Net Assets | $423K |
| Operating Margin | 61.4% |
| Debt-to-Asset Ratio | 22.8% |
| Months of Reserves | 43.2 months |
Financial Health Grade: A
In 2023, Sc Progressive Network Education Fund reported a surplus of $242K with revenue exceeding expenses, holds 43.2 months of operating reserves (strong position), has a debt-to-asset ratio of 22.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Sc Progressive Network Education Fund's revenue has grown at a compound annual growth rate (CAGR) of 25.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +106.7% | -24.5% | +69.7% |
| 2022 | -3.6% | +5.7% | -1.3% |
| 2021 | -19.6% | +44.8% | +0.8% |
| 2020 | +127.1% | +59.5% | +56.6% |
| 2019 | +184.2% | +107.2% | +916.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sc Progressive Network Education Fund 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 Sc Progressive Network Education Fund 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 surplus of $242K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.8%.
Frequently Asked Questions about Sc Progressive Network Education Fund
Is Sc Progressive Network Education Fund a legitimate charity?
Sc Progressive Network Education Fund (EIN: 571069839) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $292K. No red flags identified. Financial health grade: A.
How does Sc Progressive Network Education Fund spend its money?
Sc Progressive Network Education Fund reported $292K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sc Progressive Network Education Fund tax-deductible?
Sc Progressive Network Education Fund is registered as a tax-exempt nonprofit (EIN: 571069839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sc Progressive Network Education Fund located?
Sc Progressive Network Education Fund is headquartered in Columbia, South Carolina and files with the IRS under EIN 571069839. It is classified under NTEE code B90.
How many years of IRS 990 filings does Sc Progressive Network Education Fund have?
Sc Progressive Network Education Fund has 12 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 $292K in total revenue.
Filing History
IRS 990 filing history for Sc Progressive Network Education Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Sc Progressive Network Education Fund's revenue has grown by 1478.3%, moving from $25K to $394K. Total assets increased by 49358.2% over the same period, from $1K to $548K. Total functional expenses rose by 461.2%, from $27K to $152K. In its most recent filing year (2023), Sc Progressive Network Education Fund reported a surplus of $242K, with revenue exceeding expenses. The organization holds $125K in liabilities against $548K in assets (debt-to-asset ratio: 22.8%), resulting in net assets of $423K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $394K | $152K | $548K | $125K | — | — |
| 2022 | $191K | $202K | $323K | $142K | — | View 990 |
| 2021 | $198K | $191K | $327K | $145K | — | View 990 |
| 2020 | $246K | $132K | $324K | $150K | — | View 990 |
| 2019 | $108K | $83K | $207K | $145K | — | View 990 |
| 2018 | $38K | $40K | $20K | $0 | — | View 990 |
| 2017 | $44K | $43K | $22K | $0 | — | View 990 |
| 2015 | $61K | $58K | $36K | $0 | — | View 990 |
| 2014 | $126K | $124K | $31K | $0 | — | View 990 |
| 2013 | $96K | $68K | $29K | $0 | — | View 990 |
| 2012 | $20K | $19K | $586 | $0 | — | View 990 |
| 2011 | $25K | $27K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $394K, expenses of $152K, and assets of $548K (revenue +106.7% year-over-year).
- 2022: Revenue of $191K, expenses of $202K, and assets of $323K (revenue -3.6% year-over-year).
- 2021: Revenue of $198K, expenses of $191K, and assets of $327K (revenue -19.6% year-over-year).
- 2020: Revenue of $246K, expenses of $132K, and assets of $324K (revenue +127.1% year-over-year).
- 2019: Revenue of $108K, expenses of $83K, and assets of $207K (revenue +184.2% year-over-year).
- 2018: Revenue of $38K, expenses of $40K, and assets of $20K (revenue -13.6% year-over-year).
- 2017: Revenue of $44K, expenses of $43K, and assets of $22K (revenue -27.8% year-over-year).
- 2015: Revenue of $61K, expenses of $58K, and assets of $36K (revenue -51.5% year-over-year).
- 2014: Revenue of $126K, expenses of $124K, and assets of $31K (revenue +30.9% year-over-year).
- 2013: Revenue of $96K, expenses of $68K, and assets of $29K (revenue +389.0% year-over-year).
- 2012: Revenue of $20K, expenses of $19K, and assets of $586 (revenue -21.0% year-over-year).
- 2011: Revenue of $25K, expenses of $27K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sc Progressive Network Education Fund:
Data Sources and Methodology
This transparency report for Sc Progressive Network Education Fund 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.