Skipp Pearson Foundation
Skipp Pearson Foundation operates on a lean budget with minimal assets and no reported officer compensation.
EIN: 203339412 · Columbia, SC · NTEE: A60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $51K |
| Total Expenses | $65K |
| Program Spending | 85% |
| Net Assets | $1K |
| Transparency Score | 75/100 |
Is Skipp Pearson Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skipp Pearson Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skipp Pearson Foundation
Skipp Pearson Foundation (EIN: 203339412) is a nonprofit organization based in Columbia, SC, classified under NTEE code A60. The organization reported total revenue of $51K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skipp Pearson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skipp Pearson Foundation is a micro nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $65K |
| Surplus / Deficit | +$0 |
| Total Assets | $1K |
| Net Assets | $1K |
| Operating Margin | 0.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: B
In 2022, Skipp Pearson Foundation reported a surplus of $0 with revenue exceeding expenses, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2013–2022), Skipp Pearson Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -17.5% | -18.5% | -60.4% |
| 2021 | +26.2% | +21.0% | +252600.0% |
| 2020 | -10.2% | -6.3% | -100.0% |
| 2019 | +102.3% | +97.7% | -20.5% |
| 2018 | -38.3% | -36.0% | -22.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Skipp Pearson Foundation with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Skipp Pearson Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-salary means, which is highly efficient for an organization of its size.
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 Skipp Pearson Foundation's IRS 990 filings:
- Consistently low asset base ($1,000 or less in recent years) indicates minimal financial reserves.
- Expenses frequently match or slightly exceed revenue, suggesting tight operating margins and limited capacity for growth.
Strengths
The following positive indicators were identified for Skipp Pearson Foundation:
- Consistent 0% officer compensation demonstrates highly efficient use of funds regarding executive pay.
- Long history of consistent IRS 990 filings (10 filings) indicates good transparency and compliance.
- Stable revenue stream over a decade, averaging $60,000-$70,000 annually, shows consistent donor support.
Frequently Asked Questions about Skipp Pearson Foundation
Is Skipp Pearson Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Skipp Pearson Foundation (EIN: 203339412) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Skipp Pearson Foundation spend its money?
Skipp Pearson Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Skipp Pearson Foundation tax-deductible?
Skipp Pearson Foundation is registered as a tax-exempt nonprofit (EIN: 203339412). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Skipp Pearson Foundation's spending goes to programs?
Skipp Pearson Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Skipp Pearson Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Skipp Pearson Foundation is above average for NTEE category A60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Skipp Pearson Foundation located?
Skipp Pearson Foundation is headquartered in Columbia, South Carolina and files with the IRS under EIN 203339412. It is classified under NTEE code A60.
How many years of IRS 990 filings does Skipp Pearson Foundation have?
Skipp Pearson Foundation has 10 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 $51K in total revenue.
How does the Skipp Pearson Foundation manage to operate with such consistently low assets?
The foundation appears to operate on a 'just-in-time' financial model, where incoming revenue is quickly expended on operations, resulting in minimal accumulation of assets. This suggests a focus on immediate program delivery rather than building reserves.
What specific programs does the Skipp Pearson Foundation fund?
Based on the NTEE code A60 (Arts, Culture & Humanities - Performing Arts), the foundation likely supports performing arts initiatives, but the provided financial data does not detail specific program expenditures.
Is the Skipp Pearson Foundation financially sustainable given its tight operating margins?
The foundation has demonstrated sustainability over a decade with consistent revenue and expenses. However, the minimal asset base and frequent matching of expenses to revenue suggest little buffer for unforeseen financial challenges or opportunities for significant expansion without increased funding.
Filing History
IRS 990 filing history for Skipp Pearson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2022), Skipp Pearson Foundation's revenue has grown by 58.4%, moving from $41K to $65K. Total functional expenses rose by 47.6%, from $44K to $65K. In its most recent filing year (2022), Skipp Pearson Foundation reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $65K | $65K | $1K | $0 | — | View 990 |
| 2021 | $79K | $80K | $3K | $0 | — | — |
| 2020 | $63K | $66K | $1 | $0 | — | View 990 |
| 2019 | $70K | $71K | $4K | $0 | — | View 990 |
| 2018 | $35K | $36K | $4K | $0 | — | View 990 |
| 2017 | $56K | $56K | $6K | $0 | — | View 990 |
| 2016 | $74K | $74K | $6K | $0 | — | View 990 |
| 2015 | $93K | $87K | $38K | $32K | — | View 990 |
| 2014 | $59K | $52K | $0 | $7K | — | View 990 |
| 2013 | $41K | $44K | $0 | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $65K, expenses of $65K, and assets of $1K (revenue -17.5% year-over-year).
- 2021: Revenue of $79K, expenses of $80K, and assets of $3K (revenue +26.2% year-over-year).
- 2020: Revenue of $63K, expenses of $66K, and assets of $1 (revenue -10.2% year-over-year).
- 2019: Revenue of $70K, expenses of $71K, and assets of $4K (revenue +102.3% year-over-year).
- 2018: Revenue of $35K, expenses of $36K, and assets of $4K (revenue -38.3% year-over-year).
- 2017: Revenue of $56K, expenses of $56K, and assets of $6K (revenue -24.8% year-over-year).
- 2016: Revenue of $74K, expenses of $74K, and assets of $6K (revenue -19.9% year-over-year).
- 2015: Revenue of $93K, expenses of $87K, and assets of $38K (revenue +57.9% year-over-year).
- 2014: Revenue of $59K, expenses of $52K, and assets of $0 (revenue +42.5% year-over-year).
- 2013: Revenue of $41K, expenses of $44K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skipp Pearson Foundation:
Data Sources and Methodology
This transparency report for Skipp Pearson 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.