Scottish Society Of Charleston Inc
EIN: 510145159 · Charleston, SC · NTEE: A23
| Metric | Value |
|---|---|
| Total Revenue | $283K |
| Total Expenses | $320K |
| Net Assets | $3K |
Is Scottish Society Of Charleston Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Scottish Society Of Charleston Inc
Scottish Society Of Charleston Inc (EIN: 510145159) is a nonprofit organization based in Charleston, SC, classified under NTEE code A23. The organization reported total revenue of $283K and total assets of $21K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scottish Society Of Charleston Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scottish Society Of Charleston Inc is a small nonprofit that has been operating for 7 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $252K |
| Total Expenses | $320K |
| Surplus / Deficit | $-68,685 |
| Total Assets | $8K |
| Total Liabilities | $4K |
| Net Assets | $3K |
| Operating Margin | -27.3% |
| Debt-to-Asset Ratio | 57.5% |
| Months of Reserves | 0.3 months |
Financial Health Grade: D
In 2023, Scottish Society Of Charleston Inc reported a deficit of $69K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 57.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Scottish Society Of Charleston Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | +74.0% | -89.2% |
| 2021 | -138.4% | +43.5% | -64.9% |
| 2020 | -94.8% | -87.4% | -19.1% |
| 2019 | +1.0% | +12.0% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Scottish Society Of Charleston 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 Scottish Society Of Charleston 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 $69K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.5%.
Frequently Asked Questions about Scottish Society Of Charleston Inc
Is Scottish Society Of Charleston Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Scottish Society Of Charleston Inc (EIN: 510145159) insufficient data. 0 red flags identified, 0 strengths noted.
How does Scottish Society Of Charleston Inc spend its money?
Detailed spending breakdown data is not yet available for Scottish Society Of Charleston Inc. Check back for updated IRS 990 analysis.
Are donations to Scottish Society Of Charleston Inc tax-deductible?
Scottish Society Of Charleston Inc is registered as a tax-exempt nonprofit (EIN: 510145159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Scottish Society Of Charleston Inc located?
Scottish Society Of Charleston Inc is headquartered in Charleston, South Carolina and files with the IRS under EIN 510145159. It is classified under NTEE code A23.
How many years of IRS 990 filings does Scottish Society Of Charleston Inc have?
Scottish Society Of Charleston 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 $283K in total revenue.
Filing History
IRS 990 filing history for Scottish Society Of Charleston Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Scottish Society Of Charleston Inc's revenue has grown by 697.7%, moving from $32K to $252K. Total assets decreased by 84.2% over the same period, from $49K to $8K. Total functional expenses rose by 1424.2%, from $21K to $320K. In its most recent filing year (2023), Scottish Society Of Charleston Inc reported a deficit of $69K, with expenses exceeding revenue. The organization holds $4K in liabilities against $8K in assets (debt-to-asset ratio: 57.5%), resulting in net assets of $3K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $252K | $320K | $8K | $4K | — | — |
| 2022 | $231K | $184K | $72K | $0 | — | View 990 |
| 2021 | $-4,614 | $41K | $25K | $0 | — | View 990 |
| 2020 | $12K | $29K | $70K | $0 | — | — |
| 2019 | $233K | $227K | $87K | $0 | — | View 990 |
| 2018 | $231K | $202K | $81K | $0 | — | View 990 |
| 2017 | $67K | $80K | $52K | $0 | — | View 990 |
| 2016 | $68K | $75K | $64K | $0 | — | View 990 |
| 2015 | $47K | $43K | $72K | $0 | — | View 990 |
| 2014 | $18K | $35K | $67K | $0 | — | View 990 |
| 2013 | $31K | $21K | $84K | $0 | — | View 990 |
| 2012 | $45K | $21K | $73K | $0 | — | View 990 |
| 2011 | $32K | $21K | $49K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $252K, expenses of $320K, and assets of $8K (revenue +8.8% year-over-year).
- 2022: Revenue of $231K, expenses of $184K, and assets of $72K.
- 2021: Revenue of $-4,614, expenses of $41K, and assets of $25K (revenue -138.4% year-over-year).
- 2020: Revenue of $12K, expenses of $29K, and assets of $70K (revenue -94.8% year-over-year).
- 2019: Revenue of $233K, expenses of $227K, and assets of $87K (revenue +1.0% year-over-year).
- 2018: Revenue of $231K, expenses of $202K, and assets of $81K (revenue +242.1% year-over-year).
- 2017: Revenue of $67K, expenses of $80K, and assets of $52K (revenue -0.3% year-over-year).
- 2016: Revenue of $68K, expenses of $75K, and assets of $64K (revenue +43.3% year-over-year).
- 2015: Revenue of $47K, expenses of $43K, and assets of $72K (revenue +156.5% year-over-year).
- 2014: Revenue of $18K, expenses of $35K, and assets of $67K (revenue -41.4% year-over-year).
- 2013: Revenue of $31K, expenses of $21K, and assets of $84K (revenue -29.6% year-over-year).
- 2012: Revenue of $45K, expenses of $21K, and assets of $73K (revenue +41.2% year-over-year).
- 2011: Revenue of $32K, expenses of $21K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scottish Society Of Charleston Inc:
Data Sources and Methodology
This transparency report for Scottish Society Of Charleston 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.