South Carolina Council On Competitiveness
South Carolina Council On Competitiveness maintains strong assets despite recent operational deficit and reports no officer compensation.
EIN: 201690146 · Columbia, SC · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| Net Assets | $3.0M |
| Transparency Score | 85/100 |
Is South Carolina Council On Competitiveness Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Carolina Council On Competitiveness directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Carolina Council On Competitiveness
South Carolina Council On Competitiveness (EIN: 201690146) is a nonprofit organization based in Columbia, SC, classified under NTEE code S30. The organization reported total revenue of $2.0M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carolina Council On Competitiveness's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carolina Council On Competitiveness is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-36,032 |
| Total Assets | $3.2M |
| Total Liabilities | $187K |
| Net Assets | $3.0M |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 5.9% |
| Months of Reserves | 19.1 months |
Financial Health Grade: B
In 2024, South Carolina Council On Competitiveness reported a deficit of $36K with expenses exceeding revenue, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), South Carolina Council On Competitiveness's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -33.2% | -24.6% | -2.5% |
| 2023 | +18.4% | +16.2% | +2.0% |
| 2022 | +32.6% | +52.3% | +8.4% |
| 2021 | +1.8% | +9.4% | +12.7% |
| 2020 | +11.7% | +13.6% | +16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Council On Competitiveness with a Mission Score of 85 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, South Carolina Council On Competitiveness allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, suggesting either pro-bono leadership or compensation reported under different categories.
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 Council On Competitiveness's IRS 990 filings:
- Unusually low or 0% reported officer compensation, which may obscure actual leadership costs or indicate an unusual operational model.
Strengths
The following positive indicators were identified for South Carolina Council On Competitiveness:
- Strong and growing asset base, with assets of $3,196,014 significantly exceeding liabilities of $187,318 in the latest filing.
- Consistent history of IRS 990 filings (14 filings), demonstrating commitment to transparency and regulatory compliance.
- Generally stable revenue streams over the past decade, indicating consistent donor support or program funding.
- Low liabilities relative to assets, suggesting good financial management and solvency.
Frequently Asked Questions about South Carolina Council On Competitiveness
Is South Carolina Council On Competitiveness a legitimate charity?
Based on AI analysis of IRS 990 filings, South Carolina Council On Competitiveness (EIN: 201690146) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does South Carolina Council On Competitiveness spend its money?
South Carolina Council On Competitiveness directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Carolina Council On Competitiveness tax-deductible?
South Carolina Council On Competitiveness is registered as a tax-exempt nonprofit (EIN: 201690146). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of South Carolina Council On Competitiveness's spending goes to programs?
South Carolina Council On Competitiveness directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does South Carolina Council On Competitiveness compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), South Carolina Council On Competitiveness is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Carolina Council On Competitiveness located?
South Carolina Council On Competitiveness is headquartered in Columbia, South Carolina and files with the IRS under EIN 201690146. It is classified under NTEE code S30.
How many years of IRS 990 filings does South Carolina Council On Competitiveness have?
South Carolina Council On Competitiveness has 14 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 $2.0M in total revenue.
Is South Carolina Council On Competitiveness a good charity?
Based on the available data, the organization appears to be financially stable with strong assets and a consistent history of IRS filings. The reported 0% officer compensation is a significant positive for donor confidence, though further detail on how leadership is compensated would provide a more complete picture. Its consistent operations and asset growth suggest effective management.
How does the organization fund its operations if officer compensation is 0%?
The 0% officer compensation reported on the 990s is unusual. It could indicate that executive leadership is entirely volunteer-based, compensated through a related entity, or that their compensation is categorized differently within the expense breakdown (e.g., as general salaries rather than officer-specific compensation). Further investigation into the detailed expense schedules would be needed to clarify this.
What is the trend in the organization's financial health?
The organization has shown consistent revenue generation, generally between $1.6M and $2.9M annually. While the latest period (202406) showed a slight operational deficit ($1,975,826 revenue vs. $2,011,858 expenses), its assets have grown significantly over the past decade, from $876,753 in 201506 to $3,196,014 in 202406, indicating long-term financial health and prudent management.
Filing History
IRS 990 filing history for South Carolina Council On Competitiveness showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), South Carolina Council On Competitiveness's revenue has grown by 102.5%, moving from $976K to $2.0M. Total assets increased by 1065% over the same period, from $274K to $3.2M. Total functional expenses rose by 134.3%, from $859K to $2.0M. In its most recent filing year (2024), South Carolina Council On Competitiveness reported a deficit of $36K, with expenses exceeding revenue. The organization holds $187K in liabilities against $3.2M in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.0M | $2.0M | $3.2M | $187K | — | View 990 |
| 2023 | $3.0M | $2.7M | $3.3M | $233K | — | View 990 |
| 2022 | $2.5M | $2.3M | $3.2M | $455K | — | View 990 |
| 2021 | $1.9M | $1.5M | $3.0M | $407K | — | View 990 |
| 2020 | $1.9M | $1.4M | $2.6M | $451K | — | View 990 |
| 2019 | $1.7M | $1.2M | $2.3M | $555K | — | View 990 |
| 2018 | $1.7M | $1.3M | $1.3M | $64K | — | View 990 |
| 2017 | $1.8M | $1.6M | $1.0M | $121K | — | View 990 |
| 2016 | $1.8M | $1.6M | $972K | $244K | — | View 990 |
| 2015 | $1.7M | $1.4M | $877K | $346K | — | View 990 |
| 2014 | $2.1M | $1.8M | $602K | $313K | — | View 990 |
| 2013 | $1.1M | $1.3M | $396K | $352K | — | View 990 |
| 2012 | $1.6M | $1.5M | $409K | $168K | — | View 990 |
| 2011 | $976K | $859K | $274K | $207K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.0M, expenses of $2.0M, and assets of $3.2M (revenue -33.2% year-over-year).
- 2023: Revenue of $3.0M, expenses of $2.7M, and assets of $3.3M (revenue +18.4% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.3M, and assets of $3.2M (revenue +32.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.5M, and assets of $3.0M (revenue +1.8% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.4M, and assets of $2.6M (revenue +11.7% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.2M, and assets of $2.3M (revenue +0.3% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.3M, and assets of $1.3M (revenue -6.7% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.6M, and assets of $1.0M (revenue +1.2% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $972K (revenue +5.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.4M, and assets of $877K (revenue -19.2% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.8M, and assets of $602K (revenue +88.2% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.3M, and assets of $396K (revenue -33.5% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $409K (revenue +68.4% year-over-year).
- 2011: Revenue of $976K, expenses of $859K, and assets of $274K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Carolina Council On Competitiveness:
Data Sources and Methodology
This transparency report for South Carolina Council On Competitiveness 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.