South Carolina Federation Of Music Clubs
EIN: 570696556 · Enoree, SC
| Metric | Value |
|---|---|
| Total Revenue | $49K |
| Total Expenses | $31K |
| Net Assets | $383K |
Is South Carolina Federation Of Music Clubs Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Carolina Federation Of Music Clubs
South Carolina Federation Of Music Clubs (EIN: 570696556) is a nonprofit organization based in Enoree, SC. The organization reported total revenue of $49K and total assets of $389K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carolina Federation Of Music Clubs's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carolina Federation Of Music Clubs is a micro nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $31K |
| Surplus / Deficit | +$31K |
| Total Assets | $383K |
| Net Assets | $383K |
| Operating Margin | 49.9% |
| Months of Reserves | 146.9 months |
Financial Health Grade: A
In 2024, South Carolina Federation Of Music Clubs reported a surplus of $31K with revenue exceeding expenses, holds 146.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), South Carolina Federation Of Music Clubs's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +55.8% | -26.1% | +8.9% |
| 2023 | +8.4% | +41.1% | -0.6% |
| 2022 | +113.0% | +140.2% | +2.7% |
| 2021 | -49.3% | -32.8% | +1.4% |
| 2020 | +35.4% | -18.9% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Carolina Federation Of Music Clubs 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 South Carolina Federation Of Music Clubs 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
Frequently Asked Questions about South Carolina Federation Of Music Clubs
Is South Carolina Federation Of Music Clubs a legitimate charity?
South Carolina Federation Of Music Clubs (EIN: 570696556) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $49K. No red flags identified. Financial health grade: A.
How does South Carolina Federation Of Music Clubs spend its money?
South Carolina Federation Of Music Clubs reported $49K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to South Carolina Federation Of Music Clubs tax-deductible?
South Carolina Federation Of Music Clubs is registered as a tax-exempt nonprofit (EIN: 570696556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Carolina Federation Of Music Clubs located?
South Carolina Federation Of Music Clubs is headquartered in Enoree, South Carolina and files with the IRS under EIN 570696556.
How many years of IRS 990 filings does South Carolina Federation Of Music Clubs have?
South Carolina Federation Of Music Clubs 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 $49K in total revenue.
Filing History
IRS 990 filing history for South Carolina Federation Of Music Clubs showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), South Carolina Federation Of Music Clubs's revenue has grown by 71.3%, moving from $36K to $62K. Total assets increased by 35.7% over the same period, from $282K to $383K. Total functional expenses fell by 9.6%, from $35K to $31K. In its most recent filing year (2024), South Carolina Federation Of Music Clubs reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $62K | $31K | $383K | $0 | — | — |
| 2023 | $40K | $42K | $352K | $0 | — | View 990 |
| 2022 | $37K | $30K | $354K | $0 | — | — |
| 2021 | $17K | $12K | $345K | $0 | — | — |
| 2020 | $34K | $19K | $340K | $0 | — | View 990 |
| 2019 | $25K | $23K | $324K | $0 | — | View 990 |
| 2018 | $26K | $22K | $322K | $0 | — | — |
| 2017 | $28K | $24K | $318K | $0 | — | View 990 |
| 2016 | $28K | $20K | $314K | $0 | — | View 990 |
| 2015 | $44K | $23K | $306K | $0 | — | View 990 |
| 2014 | $26K | $26K | $286K | $0 | — | View 990 |
| 2013 | $29K | $26K | $285K | $0 | — | View 990 |
| 2012 | $36K | $35K | $282K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $62K, expenses of $31K, and assets of $383K (revenue +55.8% year-over-year).
- 2023: Revenue of $40K, expenses of $42K, and assets of $352K (revenue +8.4% year-over-year).
- 2022: Revenue of $37K, expenses of $30K, and assets of $354K (revenue +113.0% year-over-year).
- 2021: Revenue of $17K, expenses of $12K, and assets of $345K (revenue -49.3% year-over-year).
- 2020: Revenue of $34K, expenses of $19K, and assets of $340K (revenue +35.4% year-over-year).
- 2019: Revenue of $25K, expenses of $23K, and assets of $324K (revenue -1.5% year-over-year).
- 2018: Revenue of $26K, expenses of $22K, and assets of $322K (revenue -9.6% year-over-year).
- 2017: Revenue of $28K, expenses of $24K, and assets of $318K (revenue +3.3% year-over-year).
- 2016: Revenue of $28K, expenses of $20K, and assets of $314K (revenue -37.1% year-over-year).
- 2015: Revenue of $44K, expenses of $23K, and assets of $306K (revenue +67.2% year-over-year).
- 2014: Revenue of $26K, expenses of $26K, and assets of $286K (revenue -9.3% year-over-year).
- 2013: Revenue of $29K, expenses of $26K, and assets of $285K (revenue -21.0% year-over-year).
- 2012: Revenue of $36K, expenses of $35K, and assets of $282K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Carolina Federation Of Music Clubs:
Data Sources and Methodology
This transparency report for South Carolina Federation Of Music Clubs 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.