Scufc Development Academy Inc
EIN: 264596129 · Mt Pleasant, SC
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $113K |
| Net Assets | $-1,474 |
Is Scufc Development Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Scufc Development Academy Inc
Scufc Development Academy Inc (EIN: 264596129) is a nonprofit organization based in Mt Pleasant, SC. The organization reported total revenue of $9K and total assets of $500 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scufc Development Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scufc Development Academy Inc is a micro nonprofit that has been operating for 16 years, with 6 years of IRS 990 filings on record (2012–2017). Revenue has grown at a compound annual rate of -44.8%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $113K |
| Surplus / Deficit | $-104,421 |
| Total Assets | $500 |
| Total Liabilities | $2K |
| Net Assets | $-1,474 |
| Operating Margin | -1228.2% |
| Debt-to-Asset Ratio | 394.8% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2017, Scufc Development Academy Inc reported a deficit of $104K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 394.8% (high leverage).
Financial Trends
Over 6 years of filings (2012–2017), Scufc Development Academy Inc's revenue has declined at a compound annual growth rate (CAGR) of -44.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -96.7% | -51.9% | -99.5% |
| 2016 | -4.1% | -4.3% | -3.9% |
| 2015 | +2.1% | -1.8% | +22.9% |
| 2014 | +96.5% | +112.2% | +16.4% |
| 2013 | -19.6% | -26.5% | +161.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Scufc Development Academy 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 Scufc Development Academy 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $104K, with expenses exceeding revenue.
- Debt-to-asset ratio: 394.8%.
Frequently Asked Questions about Scufc Development Academy Inc
Is Scufc Development Academy Inc a legitimate charity?
Scufc Development Academy Inc (EIN: 264596129) is a registered tax-exempt nonprofit based in South Carolina. It has 6 years of IRS 990 filings on record. Total revenue: $9K. No red flags identified. Financial health grade: D.
How does Scufc Development Academy Inc spend its money?
Scufc Development Academy Inc reported $9K 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 Scufc Development Academy Inc tax-deductible?
Scufc Development Academy Inc is registered as a tax-exempt nonprofit (EIN: 264596129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Scufc Development Academy Inc located?
Scufc Development Academy Inc is headquartered in Mt Pleasant, South Carolina and files with the IRS under EIN 264596129.
How many years of IRS 990 filings does Scufc Development Academy Inc have?
Scufc Development Academy 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 $9K in total revenue.
Filing History
IRS 990 filing history for Scufc Development Academy Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2017), Scufc Development Academy Inc's revenue has declined by 94.9%, moving from $166K to $9K. Total assets decreased by 98.3% over the same period, from $30K to $500. Total functional expenses fell by 29.6%, from $160K to $113K. In its most recent filing year (2017), Scufc Development Academy Inc reported a deficit of $104K, with expenses exceeding revenue. The organization holds $2K in liabilities against $500 in assets (debt-to-asset ratio: 394.8%), resulting in net assets of $-1,474.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $9K | $113K | $500 | $2K | — | — |
| 2016 | $257K | $235K | $109K | $6K | — | View 990 |
| 2015 | $268K | $245K | $113K | $32K | — | View 990 |
| 2014 | $262K | $250K | $92K | $34K | — | View 990 |
| 2013 | $134K | $118K | $79K | $33K | — | View 990 |
| 2012 | $166K | $160K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $9K, expenses of $113K, and assets of $500 (revenue -96.7% year-over-year).
- 2016: Revenue of $257K, expenses of $235K, and assets of $109K (revenue -4.1% year-over-year).
- 2015: Revenue of $268K, expenses of $245K, and assets of $113K (revenue +2.1% year-over-year).
- 2014: Revenue of $262K, expenses of $250K, and assets of $92K (revenue +96.5% year-over-year).
- 2013: Revenue of $134K, expenses of $118K, and assets of $79K (revenue -19.6% year-over-year).
- 2012: Revenue of $166K, expenses of $160K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scufc Development Academy Inc:
Data Sources and Methodology
This transparency report for Scufc Development Academy 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.