South Carolina Water Quality Association Inc
South Carolina Water Quality Association Inc. consistently operates with zero liabilities and no officer compensation.
EIN: 113676026 · Richmond, VA · NTEE: C20 · Updated: 2026-03-28
Is South Carolina Water Quality Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Carolina Water Quality Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Carolina Water Quality Association Inc
South Carolina Water Quality Association Inc (EIN: 113676026) is a nonprofit organization based in Richmond, VA, classified under NTEE code C20. The organization reported total revenue of $300K and total assets of $309K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Carolina Water Quality Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Carolina Water Quality Association Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $323K |
| Total Expenses | $295K |
| Surplus / Deficit | +$28K |
| Total Assets | $324K |
| Net Assets | $324K |
| Operating Margin | 8.5% |
| Months of Reserves | 13.2 months |
Financial Health Grade: A
In 2024, South Carolina Water Quality Association Inc reported a surplus of $28K with revenue exceeding expenses, holds 13.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), South Carolina Water Quality Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +34.1% | +29.3% | +9.3% |
| 2023 | -18.4% | +12.9% | +4.3% |
| 2022 | +29.7% | -3.7% | +48.2% |
| 2021 | +1.1% | -10.1% | +9.9% |
| 2020 | +1.7% | +5.1% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Water Quality Association Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, South Carolina Water Quality Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization. This suggests a volunteer-led or extremely lean leadership structure, allowing a greater proportion of 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.
Strengths
The following positive indicators were identified for South Carolina Water Quality Association Inc:
- Consistent zero liabilities reported across all filings
- 0% officer compensation, indicating high efficiency and volunteer leadership
- Steady growth in revenue and assets over the past decade
- Strong financial stability with expenses generally below or near revenue
- Excellent transparency with 13 consistent IRS 990 filings
Frequently Asked Questions about South Carolina Water Quality Association Inc
Is South Carolina Water Quality Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Carolina Water Quality Association Inc (EIN: 113676026) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does South Carolina Water Quality Association Inc spend its money?
South Carolina Water Quality Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Carolina Water Quality Association Inc tax-deductible?
South Carolina Water Quality Association Inc is registered as a tax-exempt nonprofit (EIN: 113676026). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is South Carolina Water Quality Association Inc. a good charity?
Based on the provided financial data, the South Carolina Water Quality Association Inc. appears to be a very good charity. It consistently operates with zero liabilities, has no officer compensation, and demonstrates steady financial growth and stability.
How has the organization's revenue trended over time?
The organization's revenue has shown a positive upward trend, growing from $149,241 in 2015 to $322,747 in 2024, indicating increasing support and financial capacity.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers. This is a highly efficient and transparent approach to leadership compensation.
Does the organization carry any debt?
No, the organization consistently reports $0 in liabilities across all 13 available IRS 990 filings, indicating it operates debt-free.
How has the organization's asset base changed?
The organization's assets have grown significantly, from $111,148 in 2015 to $324,142 in 2024, reflecting increasing financial strength and capacity.
Filing History
IRS 990 filing history for South Carolina Water Quality Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), South Carolina Water Quality Association Inc's revenue has grown by 236.2%, moving from $96K to $323K. Total assets increased by 1431.6% over the same period, from $21K to $324K. Total functional expenses rose by 142.4%, from $122K to $295K. In its most recent filing year (2024), South Carolina Water Quality Association Inc reported a surplus of $28K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $323K | $295K | $324K | $0 | — | — |
| 2023 | $241K | $228K | $297K | $0 | — | — |
| 2022 | $295K | $202K | $284K | $0 | — | View 990 |
| 2021 | $227K | $210K | $192K | $0 | — | View 990 |
| 2020 | $225K | $234K | $174K | $0 | — | View 990 |
| 2019 | $221K | $222K | $183K | $0 | — | View 990 |
| 2018 | $274K | $279K | $185K | $0 | — | — |
| 2017 | $272K | $222K | $190K | $0 | — | View 990 |
| 2016 | $193K | $164K | $140K | $0 | — | View 990 |
| 2015 | $149K | $187K | $111K | $0 | — | View 990 |
| 2014 | $146K | $143K | $149K | $0 | — | View 990 |
| 2013 | $250K | $125K | $146K | $0 | — | View 990 |
| 2012 | $96K | $122K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $323K, expenses of $295K, and assets of $324K (revenue +34.1% year-over-year).
- 2023: Revenue of $241K, expenses of $228K, and assets of $297K (revenue -18.4% year-over-year).
- 2022: Revenue of $295K, expenses of $202K, and assets of $284K (revenue +29.7% year-over-year).
- 2021: Revenue of $227K, expenses of $210K, and assets of $192K (revenue +1.1% year-over-year).
- 2020: Revenue of $225K, expenses of $234K, and assets of $174K (revenue +1.7% year-over-year).
- 2019: Revenue of $221K, expenses of $222K, and assets of $183K (revenue -19.4% year-over-year).
- 2018: Revenue of $274K, expenses of $279K, and assets of $185K (revenue +0.9% year-over-year).
- 2017: Revenue of $272K, expenses of $222K, and assets of $190K (revenue +40.8% year-over-year).
- 2016: Revenue of $193K, expenses of $164K, and assets of $140K (revenue +29.3% year-over-year).
- 2015: Revenue of $149K, expenses of $187K, and assets of $111K (revenue +2.3% year-over-year).
- 2014: Revenue of $146K, expenses of $143K, and assets of $149K (revenue -41.6% year-over-year).
- 2013: Revenue of $250K, expenses of $125K, and assets of $146K (revenue +160.3% year-over-year).
- 2012: Revenue of $96K, expenses of $122K, and assets of $21K.
Data Sources and Methodology
This transparency report for South Carolina Water Quality 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.