South Carolina Equality
South Carolina Equality experiences significant revenue decline while maintaining zero executive compensation.
EIN: 10712524 · Columbia, SC · NTEE: S21 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $20K |
| Total Expenses | $24K |
| Program Spending | 85% |
| Net Assets | $27K |
| Transparency Score | 75/100 |
Is South Carolina Equality Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Carolina Equality directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Carolina Equality
South Carolina Equality (EIN: 10712524) is a nonprofit organization based in Columbia, SC, classified under NTEE code S21. The organization reported total revenue of $20K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carolina Equality's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carolina Equality is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $24K |
| Surplus / Deficit | +$8K |
| Total Assets | $29K |
| Total Liabilities | $1K |
| Net Assets | $27K |
| Operating Margin | 26.1% |
| Debt-to-Asset Ratio | 4.8% |
| Months of Reserves | 14.4 months |
Financial Health Grade: A
In 2023, South Carolina Equality reported a surplus of $8K with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), South Carolina Equality's revenue has declined at a compound annual growth rate (CAGR) of -10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -51.0% | -65.1% | +18.3% |
| 2022 | -23.7% | -27.0% | -11.6% |
| 2021 | -17.5% | +8.7% | -24.8% |
| 2020 | -10.0% | -17.3% | +158.2% |
| 2019 | -17.6% | -20.8% | +96.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Equality 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, South Carolina Equality allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $8K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This suggests a highly volunteer-driven leadership or that compensation is covered by other means, allowing more funds to be directed towards the organization's mission.
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 Equality's IRS 990 filings:
- Significant decline in annual revenue from $238,866 in 2015 to $32,175 in 2023, indicating potential sustainability challenges.
- Periods of deficit spending where expenses exceeded revenue, such as in 2022 ($68,196 expenses vs. $65,601 revenue), which can erode reserves.
- Fluctuating asset levels, with a peak of $36,398 in 2020 followed by a dip to $24,190 in 2022, suggesting inconsistent financial growth.
Strengths
The following positive indicators were identified for South Carolina Equality:
- Consistent reporting of 0% officer compensation across all filings, demonstrating a strong commitment to directing funds towards its mission.
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
- Maintained positive net assets in recent years, reaching $28,628 in 2023, despite revenue declines.
- Recent surplus in 2023 ($32,175 revenue vs. $23,788 expenses) shows an ability to manage costs effectively at its current scale.
Frequently Asked Questions about South Carolina Equality
Is South Carolina Equality a legitimate charity?
Based on AI analysis of IRS 990 filings, South Carolina Equality (EIN: 10712524) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does South Carolina Equality spend its money?
South Carolina Equality directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Carolina Equality tax-deductible?
South Carolina Equality is registered as a tax-exempt nonprofit (EIN: 10712524). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does South Carolina Equality compare to similar nonprofits?
With a transparency score of 75/100 (Good), South Carolina Equality is above average for NTEE category S21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Carolina Equality located?
South Carolina Equality is headquartered in Columbia, South Carolina and files with the IRS under EIN 10712524. It is classified under NTEE code S21.
How many years of IRS 990 filings does South Carolina Equality have?
South Carolina Equality 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 $20K in total revenue.
Is South Carolina Equality a good charity?
South Carolina Equality demonstrates strong commitment to its mission by reporting 0% officer compensation across all filings, meaning donor funds are not used for executive salaries. However, its revenue has significantly decreased from $238,866 in 2015 to $32,175 in 2023, which could impact its capacity to deliver programs.
How has South Carolina Equality's financial health changed over time?
The organization's revenue has seen a substantial decline from a peak of $238,866 in 2015 to $32,175 in 2023. While it has experienced periods of deficit spending (e.g., 2022 expenses of $68,196 against revenue of $65,601), it has also shown recent surpluses (e.g., 2023 revenue of $32,175 against expenses of $23,788), indicating efforts to stabilize its finances at a lower operational level.
Does South Carolina Equality spend efficiently?
The organization's efficiency is bolstered by its consistent reporting of 0% officer compensation, ensuring that funds are not diverted to executive salaries. While specific program vs. administrative spending ratios are not detailed, the absence of executive pay suggests a lean operational model. However, periods of expenses exceeding revenue, such as in 2022, indicate challenges in managing costs relative to income.
Filing History
IRS 990 filing history for South Carolina Equality showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Carolina Equality's revenue has declined by 74.7%, moving from $127K to $32K. Total assets decreased by 31.7% over the same period, from $42K to $29K. Total functional expenses fell by 81.6%, from $129K to $24K. In its most recent filing year (2023), South Carolina Equality reported a surplus of $8K, with revenue exceeding expenses. The organization holds $1K in liabilities against $29K in assets (debt-to-asset ratio: 4.8%), resulting in net assets of $27K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $24K | $29K | $1K | — | View 990 |
| 2022 | $66K | $68K | $24K | $5K | — | View 990 |
| 2021 | $86K | $93K | $27K | $6K | — | View 990 |
| 2020 | $104K | $86K | $36K | $7K | — | — |
| 2019 | $116K | $104K | $14K | $3K | — | View 990 |
| 2018 | $140K | $131K | $7K | $8K | — | View 990 |
| 2017 | $189K | $172K | $6K | $17K | — | View 990 |
| 2016 | $179K | $224K | $14K | $19K | — | View 990 |
| 2015 | $239K | $214K | $22K | $5K | — | View 990 |
| 2014 | $195K | $175K | $32K | $39K | — | View 990 |
| 2013 | $127K | $141K | $13K | $41K | — | View 990 |
| 2012 | $131K | $122K | $10K | $23K | — | View 990 |
| 2011 | $127K | $129K | $42K | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $24K, and assets of $29K (revenue -51.0% year-over-year).
- 2022: Revenue of $66K, expenses of $68K, and assets of $24K (revenue -23.7% year-over-year).
- 2021: Revenue of $86K, expenses of $93K, and assets of $27K (revenue -17.5% year-over-year).
- 2020: Revenue of $104K, expenses of $86K, and assets of $36K (revenue -10.0% year-over-year).
- 2019: Revenue of $116K, expenses of $104K, and assets of $14K (revenue -17.6% year-over-year).
- 2018: Revenue of $140K, expenses of $131K, and assets of $7K (revenue -25.8% year-over-year).
- 2017: Revenue of $189K, expenses of $172K, and assets of $6K (revenue +5.6% year-over-year).
- 2016: Revenue of $179K, expenses of $224K, and assets of $14K (revenue -24.9% year-over-year).
- 2015: Revenue of $239K, expenses of $214K, and assets of $22K (revenue +22.3% year-over-year).
- 2014: Revenue of $195K, expenses of $175K, and assets of $32K (revenue +54.2% year-over-year).
- 2013: Revenue of $127K, expenses of $141K, and assets of $13K (revenue -3.5% year-over-year).
- 2012: Revenue of $131K, expenses of $122K, and assets of $10K (revenue +3.3% year-over-year).
- 2011: Revenue of $127K, expenses of $129K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Carolina Equality:
Data Sources and Methodology
This transparency report for South Carolina Equality 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.