South Carolina Methodist Conference Credit Union
EIN: 570406778 · Columbia, SC
| Metric | Value |
|---|---|
| Total Revenue | $395K |
| Total Expenses | $313K |
| Net Assets | $611K |
Is South Carolina Methodist Conference Credit Union 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 Methodist Conference Credit Union
South Carolina Methodist Conference Credit Union (EIN: 570406778) is a nonprofit organization based in Columbia, SC. The organization reported total revenue of $395K and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carolina Methodist Conference Credit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carolina Methodist Conference Credit Union is a small nonprofit that has been operating for 58 years.
Key Financial Metrics (2011)
From the most recent IRS 990 filing on record:
| Total Revenue | $289K |
| Total Expenses | $313K |
| Surplus / Deficit | $-23,669 |
| Total Assets | $5.9M |
| Total Liabilities | $5.3M |
| Net Assets | $611K |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 89.7% |
| Months of Reserves | 227.8 months |
Financial Health Grade: C
In 2011, South Carolina Methodist Conference Credit Union reported a deficit of $24K with expenses exceeding revenue, holds 227.8 months of operating reserves (strong position), has a debt-to-asset ratio of 89.7% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Methodist Conference Credit Union 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 Methodist Conference Credit Union 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 (2011)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 89.7%.
Frequently Asked Questions about South Carolina Methodist Conference Credit Union
Is South Carolina Methodist Conference Credit Union a legitimate charity?
South Carolina Methodist Conference Credit Union (EIN: 570406778) is a registered tax-exempt nonprofit based in South Carolina. Total revenue: $395K. No red flags identified. Financial health grade: C.
How does South Carolina Methodist Conference Credit Union spend its money?
South Carolina Methodist Conference Credit Union reported $395K in total revenue in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to South Carolina Methodist Conference Credit Union tax-deductible?
South Carolina Methodist Conference Credit Union is registered as a tax-exempt nonprofit (EIN: 570406778). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Carolina Methodist Conference Credit Union located?
South Carolina Methodist Conference Credit Union is headquartered in Columbia, South Carolina and files with the IRS under EIN 570406778.
Filing History
IRS 990 filing history for South Carolina Methodist Conference Credit Union showing financial trends over 1 year of public records:
In its most recent filing year (2011), South Carolina Methodist Conference Credit Union reported a deficit of $24K, with expenses exceeding revenue. The organization holds $5.3M in liabilities against $5.9M in assets (debt-to-asset ratio: 89.7%), resulting in net assets of $611K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2011 | $289K | $313K | $5.9M | $5.3M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Carolina Methodist Conference Credit Union:
Data Sources and Methodology
This transparency report for South Carolina Methodist Conference Credit Union 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.