South Carolina Quantum Association
EIN: 881303438 · Columbia, SC · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $874K |
| Net Assets | $118K |
Is South Carolina Quantum Association 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 Quantum Association
South Carolina Quantum Association (EIN: 881303438) is a nonprofit organization based in Columbia, SC, classified under NTEE code B90. The organization reported total revenue of $4.9M and total assets of $11.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carolina Quantum Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carolina Quantum Association is a mid-size nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 6708.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $929K |
| Total Expenses | $874K |
| Surplus / Deficit | +$55K |
| Total Assets | $14.4M |
| Total Liabilities | $14.2M |
| Net Assets | $118K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 99.2% |
| Months of Reserves | 197.3 months |
Financial Health Grade: A
In 2023, South Carolina Quantum Association reported a surplus of $55K with revenue exceeding expenses, holds 197.3 months of operating reserves (strong position), has a debt-to-asset ratio of 99.2% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), South Carolina Quantum Association's revenue has grown at a compound annual growth rate (CAGR) of 6708.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6708.0% | +6384.9% | +8207036.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Carolina Quantum Association 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 Quantum Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.2%.
Frequently Asked Questions about South Carolina Quantum Association
Is South Carolina Quantum Association a legitimate charity?
Based on AI analysis of IRS 990 filings, South Carolina Quantum Association (EIN: 881303438) insufficient data. 0 red flags identified, 0 strengths noted.
How does South Carolina Quantum Association spend its money?
Detailed spending breakdown data is not yet available for South Carolina Quantum Association. Check back for updated IRS 990 analysis.
Are donations to South Carolina Quantum Association tax-deductible?
South Carolina Quantum Association is registered as a tax-exempt nonprofit (EIN: 881303438). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Carolina Quantum Association located?
South Carolina Quantum Association is headquartered in Columbia, South Carolina and files with the IRS under EIN 881303438. It is classified under NTEE code B90.
How many years of IRS 990 filings does South Carolina Quantum Association have?
South Carolina Quantum Association has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $4.9M in total revenue.
Filing History
IRS 990 filing history for South Carolina Quantum Association showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), South Carolina Quantum Association's revenue has grown by 6708%, moving from $14K to $929K. Total assets increased by 8207036% over the same period, from $175 to $14.4M. Total functional expenses rose by 6384.9%, from $13K to $874K. In its most recent filing year (2023), South Carolina Quantum Association reported a surplus of $55K, with revenue exceeding expenses. The organization holds $14.2M in liabilities against $14.4M in assets (debt-to-asset ratio: 99.2%), resulting in net assets of $118K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $929K | $874K | $14.4M | $14.2M | — | — |
| 2022 | $14K | $13K | $175 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Carolina Quantum Association:
Data Sources and Methodology
This transparency report for South Carolina Quantum Association 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.