Scate Inc
Scate Inc. shows historical financial stability but current operational status is unclear due to zero reported revenue and assets.
EIN: 203942898 · Florence, SC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $338K |
| Program Spending | 75% |
| Net Assets | $662K |
| Transparency Score | 60/100 |
Is Scate Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scate Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scate Inc
Scate Inc (EIN: 203942898) is a nonprofit organization based in Florence, SC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scate Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scate Inc is a small nonprofit, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $474K |
| Total Expenses | $338K |
| Surplus / Deficit | +$136K |
| Total Assets | $668K |
| Total Liabilities | $6K |
| Net Assets | $662K |
| Operating Margin | 28.7% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 23.7 months |
Financial Health Grade: A
In 2016, Scate Inc reported a surplus of $136K with revenue exceeding expenses, holds 23.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 5 years of filings (2012–2016), Scate Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +14.8% | -13.1% | +24.5% |
| 2015 | -19.8% | -35.8% | +5.5% |
| 2014 | -5.9% | +68.5% | -14.8% |
| 2013 | +35.3% | +63.0% | +46.2% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Scate Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Scate Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $136K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, suggesting either a fully volunteer-led organization or that executive compensation is not reported under this specific line item, which warrants further scrutiny.
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 Scate Inc's IRS 990 filings:
- Latest reported revenue and assets are $0, indicating potential inactivity or data gap.
- Lack of detailed expense breakdown (program, admin, fundraising) prevents full efficiency assessment.
- NTEE Code is unknown, making it difficult to understand the organization's specific mission area.
Strengths
The following positive indicators were identified for Scate Inc:
- Historically maintained a healthy asset base, for example, $667,770 in assets in 2016.
- Consistently low liabilities relative to assets, indicating good financial stability (e.g., $5,671 liabilities vs. $667,770 assets in 2016).
- Positive net income in most reported years (e.g., $474,296 revenue vs. $338,311 expenses in 2016).
Frequently Asked Questions about Scate Inc
Is Scate Inc a legitimate charity?
Scate Inc (EIN: 203942898) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 60/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Scate Inc spend its money?
Scate Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Scate Inc tax-deductible?
Scate Inc is registered as a tax-exempt nonprofit (EIN: 203942898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Scate Inc's spending goes to programs?
Scate Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Scate Inc located?
Scate Inc is headquartered in Florence, South Carolina and files with the IRS under EIN 203942898.
How many years of IRS 990 filings does Scate Inc have?
Scate Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the reason for the $0 revenue and assets in the latest report?
The provided data indicates $0 for latest revenue and assets, which could mean a recent cessation of operations, a significant change in filing status, or an incomplete data set. Further investigation into the most recent official IRS filings would be necessary to understand this.
How does Scate Inc. allocate its expenses between programs, administration, and fundraising?
The provided data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for assessing spending efficiency and would typically be found in Part IX of the IRS Form 990.
Is Scate Inc. still an active organization?
Given the latest reported revenue and assets are $0, the current operational status of Scate Inc. is questionable. While it had active finances historically, the most recent data suggests inactivity or a significant change.
Who are the officers of Scate Inc. and how are they compensated?
The filings consistently show 0% officer compensation. This could mean officers are uncompensated volunteers, or their compensation is reported differently. Without more detailed information from the 990, specific officers and their compensation details are unknown.
Filing History
IRS 990 filing history for Scate Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Scate Inc's revenue has grown by 17.2%, moving from $405K to $474K. Total assets increased by 63.6% over the same period, from $408K to $668K. Total functional expenses rose by 53.4%, from $221K to $338K. In its most recent filing year (2016), Scate Inc reported a surplus of $136K, with revenue exceeding expenses. The organization holds $6K in liabilities against $668K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $662K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $474K | $338K | $668K | $6K | — | View 990 |
| 2015 | $413K | $389K | $537K | $10K | — | View 990 |
| 2014 | $515K | $606K | $509K | $7K | — | View 990 |
| 2013 | $548K | $360K | $597K | $4K | — | View 990 |
| 2012 | $405K | $221K | $408K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $474K, expenses of $338K, and assets of $668K (revenue +14.8% year-over-year).
- 2015: Revenue of $413K, expenses of $389K, and assets of $537K (revenue -19.8% year-over-year).
- 2014: Revenue of $515K, expenses of $606K, and assets of $509K (revenue -5.9% year-over-year).
- 2013: Revenue of $548K, expenses of $360K, and assets of $597K (revenue +35.3% year-over-year).
- 2012: Revenue of $405K, expenses of $221K, and assets of $408K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scate Inc:
Data Sources and Methodology
This transparency report for Scate 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.