South Carolina Community Loan Fund
South Carolina Community Loan Fund shows consistent asset growth and positive financial margins with no reported officer compensation.
EIN: 10793507 · Charleston, SC · NTEE: L99 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $4.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $12.9M |
| Transparency Score | 90/100 |
Is South Carolina Community Loan Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Carolina Community Loan Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Carolina Community Loan Fund
South Carolina Community Loan Fund (EIN: 10793507) is a nonprofit organization based in Charleston, SC, classified under NTEE code L99. The organization reported total revenue of $6.9M and total assets of $49.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carolina Community Loan Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carolina Community Loan Fund is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $42.2M |
| Total Liabilities | $29.3M |
| Net Assets | $12.9M |
| Operating Margin | 33.9% |
| Debt-to-Asset Ratio | 69.5% |
| Months of Reserves | 115.4 months |
Financial Health Grade: A
In 2023, South Carolina Community Loan Fund reported a surplus of $2.3M with revenue exceeding expenses, holds 115.4 months of operating reserves (strong position), has a debt-to-asset ratio of 69.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), South Carolina Community Loan Fund's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +86.5% | +47.0% | +1.6% |
| 2022 | -28.1% | -24.0% | -2.3% |
| 2021 | +1.0% | +11.3% | +16.8% |
| 2020 | +26.3% | +34.1% | +8.8% |
| 2019 | +38.6% | -1.2% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 South Carolina Community Loan Fund with a Mission Score of 90 out of 100 (Excellent). 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: 80%
- fundraising: 5%
According to IRS 990 filings, South Carolina Community Loan Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 69.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation directly from the organization, which is highly unusual for an organization of this size with nearly $50 million in assets.
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 South Carolina Community Loan Fund's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization with nearly $50 million in assets, which might warrant further investigation into compensation structures or related entities.
Strengths
The following positive indicators were identified for South Carolina Community Loan Fund:
- Consistent and significant asset growth, from $12.57 million in 2014 to $49.61 million currently.
- Strong financial health with revenues consistently exceeding expenses, as seen in 2023 where revenue was $6,646,393 and expenses were $4,392,494.
- No reported officer compensation across all available filings, suggesting resources are directed towards programs.
- Steady increase in revenue over the past decade, indicating strong fundraising or earned income capabilities.
- Healthy balance sheet with growing assets and manageable liabilities, supporting long-term sustainability.
Frequently Asked Questions about South Carolina Community Loan Fund
Is South Carolina Community Loan Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, South Carolina Community Loan Fund (EIN: 10793507) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does South Carolina Community Loan Fund spend its money?
South Carolina Community Loan Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Carolina Community Loan Fund tax-deductible?
South Carolina Community Loan Fund is registered as a tax-exempt nonprofit (EIN: 10793507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the South Carolina Community Loan Fund CEO make?
South Carolina Community Loan Fund's highest-compensated officer earns $50 annually. The organization reported $6.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of South Carolina Community Loan Fund's spending goes to programs?
South Carolina Community Loan Fund directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does South Carolina Community Loan Fund compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), South Carolina Community Loan Fund is above average for NTEE category L99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Carolina Community Loan Fund located?
South Carolina Community Loan Fund is headquartered in Charleston, South Carolina and files with the IRS under EIN 10793507. It is classified under NTEE code L99.
How many years of IRS 990 filings does South Carolina Community Loan Fund have?
South Carolina Community Loan Fund 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 $6.9M in total revenue.
Is South Carolina Community Loan Fund a good charity?
Based on the provided financial data, the South Carolina Community Loan Fund appears to be a financially healthy and well-managed organization. It demonstrates consistent asset growth, positive revenue-to-expense ratios, and no reported officer compensation, all of which are positive indicators.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with assets increasing from $12.57 million in 2014 to $49.61 million currently. Revenue has also grown substantially, from $1.61 million in 2014 to $6.92 million currently, indicating strong and sustained financial health.
What is the organization's spending efficiency?
The organization consistently maintains a healthy margin between revenue and expenses. For example, in 2023, expenses were $4,392,494 against revenues of $6,646,393, meaning approximately 66% of revenue was spent, indicating efficient operations and a significant surplus for mission-related activities.
Why is officer compensation reported as 0%?
The filings consistently report 0% for officer compensation. This could mean that officers are compensated by a related entity, are volunteers, or that their compensation falls below the reporting threshold for individual officers, though for an organization of this size, it's an uncommon finding.
Filing History
IRS 990 filing history for South Carolina Community Loan Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Carolina Community Loan Fund's revenue has grown by 230.6%, moving from $2.0M to $6.6M. Total assets increased by 651.5% over the same period, from $5.6M to $42.2M. Total functional expenses rose by 202.3%, from $1.5M to $4.4M. In its most recent filing year (2023), South Carolina Community Loan Fund reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $29.3M in liabilities against $42.2M in assets (debt-to-asset ratio: 69.5%), resulting in net assets of $12.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $4.4M | $42.2M | $29.3M | — | — |
| 2022 | $3.6M | $3.0M | $41.6M | $31.0M | — | — |
| 2021 | $5.0M | $3.9M | $42.5M | $32.4M | — | View 990 |
| 2020 | $4.9M | $3.5M | $36.4M | $27.5M | — | View 990 |
| 2019 | $3.9M | $2.6M | $33.5M | $25.9M | — | View 990 |
| 2018 | $2.8M | $2.7M | $31.8M | $25.6M | — | View 990 |
| 2017 | $2.0M | $1.7M | $26.2M | $20.2M | — | View 990 |
| 2016 | $1.7M | $1.4M | $24.5M | $18.7M | — | View 990 |
| 2015 | $1.8M | $1.4M | $14.7M | $9.2M | — | View 990 |
| 2014 | $1.6M | $1.1M | $12.6M | $7.4M | — | View 990 |
| 2013 | $587K | $1.1M | $7.9M | $3.3M | — | View 990 |
| 2012 | $2.2M | $709K | $7.2M | $3.5M | — | View 990 |
| 2011 | $2.0M | $1.5M | $5.6M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $4.4M, and assets of $42.2M (revenue +86.5% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.0M, and assets of $41.6M (revenue -28.1% year-over-year).
- 2021: Revenue of $5.0M, expenses of $3.9M, and assets of $42.5M (revenue +1.0% year-over-year).
- 2020: Revenue of $4.9M, expenses of $3.5M, and assets of $36.4M (revenue +26.3% year-over-year).
- 2019: Revenue of $3.9M, expenses of $2.6M, and assets of $33.5M (revenue +38.6% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.7M, and assets of $31.8M (revenue +40.5% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.7M, and assets of $26.2M (revenue +17.1% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.4M, and assets of $24.5M (revenue -3.1% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.4M, and assets of $14.7M (revenue +8.9% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.1M, and assets of $12.6M (revenue +174.7% year-over-year).
- 2013: Revenue of $587K, expenses of $1.1M, and assets of $7.9M (revenue -73.1% year-over-year).
- 2012: Revenue of $2.2M, expenses of $709K, and assets of $7.2M (revenue +8.7% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.5M, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Carolina Community Loan Fund:
Data Sources and Methodology
This transparency report for South Carolina Community Loan Fund 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.