Socastee High School Athetic Association
EIN: 571051079 · Myrtle Beach, SC · NTEE: B25
| Metric | Value |
|---|---|
| Total Revenue | $149K |
| Total Expenses | $161K |
| Net Assets | $179K |
Is Socastee High School Athetic Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Socastee High School Athetic Association
Socastee High School Athetic Association (EIN: 571051079) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code B25. The organization reported total revenue of $149K and total assets of $179K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Socastee High School Athetic Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Socastee High School Athetic Association is a small nonprofit that has been operating for 30 years, with 10 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $161K |
| Surplus / Deficit | $-12,558 |
| Total Assets | $179K |
| Net Assets | $179K |
| Operating Margin | -8.5% |
| Months of Reserves | 13.4 months |
Financial Health Grade: B
In 2021, Socastee High School Athetic Association reported a deficit of $13K with expenses exceeding revenue, holds 13.4 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2021), Socastee High School Athetic Association's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -32.1% | -12.2% | -6.5% |
| 2020 | -39.3% | -51.7% | +15.1% |
| 2019 | -0.1% | +27.8% | -10.5% |
| 2018 | +31.0% | +14.2% | +61.0% |
| 2016 | -3.5% | -4.2% | +15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Socastee High School Athetic Association 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 Socastee High School Athetic Association 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
Frequently Asked Questions about Socastee High School Athetic Association
Is Socastee High School Athetic Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Socastee High School Athetic Association (EIN: 571051079) insufficient data. 0 red flags identified, 0 strengths noted.
How does Socastee High School Athetic Association spend its money?
Detailed spending breakdown data is not yet available for Socastee High School Athetic Association. Check back for updated IRS 990 analysis.
Are donations to Socastee High School Athetic Association tax-deductible?
Socastee High School Athetic Association is registered as a tax-exempt nonprofit (EIN: 571051079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Socastee High School Athetic Association located?
Socastee High School Athetic Association is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 571051079. It is classified under NTEE code B25.
How many years of IRS 990 filings does Socastee High School Athetic Association have?
Socastee High School Athetic Association 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 $149K in total revenue.
Filing History
IRS 990 filing history for Socastee High School Athetic Association showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2021), Socastee High School Athetic Association's revenue has declined by 34.7%, moving from $228K to $149K. Total assets increased by 377.5% over the same period, from $38K to $179K. Total functional expenses fell by 29.4%, from $228K to $161K. In its most recent filing year (2021), Socastee High School Athetic Association reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $149K | $161K | $179K | $0 | — | — |
| 2020 | $219K | $183K | $192K | $0 | — | View 990 |
| 2019 | $360K | $379K | $167K | $0 | — | View 990 |
| 2018 | $360K | $297K | $186K | $0 | — | View 990 |
| 2016 | $275K | $260K | $116K | $0 | — | View 990 |
| 2015 | $285K | $271K | $100K | $0 | — | View 990 |
| 2014 | $276K | $258K | $86K | $0 | — | View 990 |
| 2013 | $244K | $229K | $69K | $0 | — | View 990 |
| 2012 | $306K | $290K | $54K | $0 | — | View 990 |
| 2011 | $228K | $228K | $38K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $149K, expenses of $161K, and assets of $179K (revenue -32.1% year-over-year).
- 2020: Revenue of $219K, expenses of $183K, and assets of $192K (revenue -39.3% year-over-year).
- 2019: Revenue of $360K, expenses of $379K, and assets of $167K (revenue -0.1% year-over-year).
- 2018: Revenue of $360K, expenses of $297K, and assets of $186K (revenue +31.0% year-over-year).
- 2016: Revenue of $275K, expenses of $260K, and assets of $116K (revenue -3.5% year-over-year).
- 2015: Revenue of $285K, expenses of $271K, and assets of $100K (revenue +3.3% year-over-year).
- 2014: Revenue of $276K, expenses of $258K, and assets of $86K (revenue +13.2% year-over-year).
- 2013: Revenue of $244K, expenses of $229K, and assets of $69K (revenue -20.4% year-over-year).
- 2012: Revenue of $306K, expenses of $290K, and assets of $54K (revenue +34.6% year-over-year).
- 2011: Revenue of $228K, expenses of $228K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Socastee High School Athetic Association:
Data Sources and Methodology
This transparency report for Socastee High School Athetic Association 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.