South Carolina Military Scholarship & Family Care Association Inc
South Carolina Military Scholarship & Family Care Association Inc. faces persistent operating deficits and declining assets.
EIN: 20646118 · Greenville, SC · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13K |
| Total Expenses | $35K |
| Program Spending | 60% |
| Net Assets | $372K |
| Transparency Score | 40/100 |
Is South Carolina Military Scholarship & Family Care Association Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Carolina Military Scholarship & Family Care Association Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About South Carolina Military Scholarship & Family Care Association Inc
South Carolina Military Scholarship & Family Care Association Inc (EIN: 20646118) is a nonprofit organization based in Greenville, SC, classified under NTEE code B82. The organization reported total revenue of $13K and total assets of $318K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carolina Military Scholarship & Family Care Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carolina Military Scholarship & Family Care Association Inc is a micro nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $35K |
| Surplus / Deficit | $-27,467 |
| Total Assets | $372K |
| Net Assets | $372K |
| Operating Margin | -342.8% |
| Months of Reserves | 125.8 months |
Financial Health Grade: B
In 2022, South Carolina Military Scholarship & Family Care Association Inc reported a deficit of $27K with expenses exceeding revenue, holds 125.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2010–2022), South Carolina Military Scholarship & Family Care Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +279.0% | -11.0% | -6.9% |
| 2021 | -88.1% | +46.7% | -8.6% |
| 2020 | +4.2% | -36.2% | -2.1% |
| 2019 | -10.4% | +2.9% | -5.4% |
| 2018 | -79.4% | -38.9% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2003 |
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 Military Scholarship & Family Care Association Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, South Carolina Military Scholarship & Family Care Association Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for minimizing overhead related to executive pay.
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 Military Scholarship & Family Care Association Inc's IRS 990 filings:
- Consistent and significant operating deficits (expenses far exceeding revenue) for multiple years.
- Steady decline in total assets over the past several years, indicating reliance on reserves.
- Low and fluctuating revenue streams, making it difficult to cover consistent expenses.
- Potential long-term sustainability issues due to the ongoing financial imbalance.
Strengths
The following positive indicators were identified for South Carolina Military Scholarship & Family Care Association Inc:
- Consistent filing of IRS Form 990s, demonstrating transparency.
- 0% officer compensation reported, indicating no executive pay.
- No reported liabilities across all filing periods, suggesting good debt management.
Frequently Asked Questions about South Carolina Military Scholarship & Family Care Association Inc
Is South Carolina Military Scholarship & Family Care Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Carolina Military Scholarship & Family Care Association Inc (EIN: 20646118) significant concerns. Mission Score: 40/100. 4 red flags identified, 3 strengths noted.
How does South Carolina Military Scholarship & Family Care Association Inc spend its money?
South Carolina Military Scholarship & Family Care Association Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Carolina Military Scholarship & Family Care Association Inc tax-deductible?
South Carolina Military Scholarship & Family Care Association Inc is registered as a tax-exempt nonprofit (EIN: 20646118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of South Carolina Military Scholarship & Family Care Association Inc's spending goes to programs?
South Carolina Military Scholarship & Family Care Association Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does South Carolina Military Scholarship & Family Care Association Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), South Carolina Military Scholarship & Family Care Association Inc is near average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Carolina Military Scholarship & Family Care Association Inc located?
South Carolina Military Scholarship & Family Care Association Inc is headquartered in Greenville, South Carolina and files with the IRS under EIN 20646118. It is classified under NTEE code B82.
How many years of IRS 990 filings does South Carolina Military Scholarship & Family Care Association Inc have?
South Carolina Military Scholarship & Family Care Association Inc 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 $13K in total revenue.
Is South Carolina Military Scholarship & Family Care Association Inc. financially sustainable?
Based on the provided data, the organization is not financially sustainable in its current operational model. It has consistently spent significantly more than its revenue for several years (e.g., $8,012 revenue vs. $35,479 expenses in 2022), leading to a steady decline in assets from $549,463 in 2015 to $372,057 in 2022.
What is the trend of the organization's assets?
The organization's assets have been in a consistent decline since 2015, when they were $549,463. By 2022, assets had fallen to $372,057, indicating that the organization is drawing down on its reserves to cover expenses.
How does the organization's revenue compare to its expenses?
For most recent years, the organization's expenses have significantly outpaced its revenue. For instance, in 2022, expenses were over four times its revenue ($35,479 vs. $8,012), and similar disparities are seen in 2021 and 2019.
Does the organization pay its officers?
No, the organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no compensation is paid to its officers.
Filing History
IRS 990 filing history for South Carolina Military Scholarship & Family Care Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), South Carolina Military Scholarship & Family Care Association Inc's revenue has declined by 32.3%, moving from $12K to $8K. Total assets increased by 8731.2% over the same period, from $4K to $372K. Total functional expenses rose by 240.4%, from $10K to $35K. In its most recent filing year (2022), South Carolina Military Scholarship & Family Care Association Inc reported a deficit of $27K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $8K | $35K | $372K | $0 | — | View 990 |
| 2021 | $2K | $40K | $400K | $0 | — | View 990 |
| 2020 | $18K | $27K | $437K | $0 | — | — |
| 2019 | $17K | $43K | $447K | $0 | — | View 990 |
| 2018 | $19K | $41K | $472K | $0 | — | View 990 |
| 2017 | $93K | $68K | $495K | $0 | — | View 990 |
| 2016 | $3K | $82K | $470K | $0 | — | View 990 |
| 2015 | $188K | $103K | $549K | $0 | — | View 990 |
| 2014 | $160K | $109K | $464K | $0 | — | View 990 |
| 2013 | $228K | $105K | $413K | $0 | — | View 990 |
| 2012 | $219K | $54K | $290K | $0 | — | View 990 |
| 2011 | $139K | $18K | $125K | $0 | — | View 990 |
| 2010 | $12K | $10K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $8K, expenses of $35K, and assets of $372K (revenue +279.0% year-over-year).
- 2021: Revenue of $2K, expenses of $40K, and assets of $400K (revenue -88.1% year-over-year).
- 2020: Revenue of $18K, expenses of $27K, and assets of $437K (revenue +4.2% year-over-year).
- 2019: Revenue of $17K, expenses of $43K, and assets of $447K (revenue -10.4% year-over-year).
- 2018: Revenue of $19K, expenses of $41K, and assets of $472K (revenue -79.4% year-over-year).
- 2017: Revenue of $93K, expenses of $68K, and assets of $495K (revenue +3169.8% year-over-year).
- 2016: Revenue of $3K, expenses of $82K, and assets of $470K (revenue -98.5% year-over-year).
- 2015: Revenue of $188K, expenses of $103K, and assets of $549K (revenue +17.9% year-over-year).
- 2014: Revenue of $160K, expenses of $109K, and assets of $464K (revenue -30.1% year-over-year).
- 2013: Revenue of $228K, expenses of $105K, and assets of $413K (revenue +4.4% year-over-year).
- 2012: Revenue of $219K, expenses of $54K, and assets of $290K (revenue +57.6% year-over-year).
- 2011: Revenue of $139K, expenses of $18K, and assets of $125K (revenue +1072.5% year-over-year).
- 2010: Revenue of $12K, expenses of $10K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Carolina Military Scholarship & Family Care Association Inc:
Data Sources and Methodology
This transparency report for South Carolina Military Scholarship & Family Care Association Inc 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.