South Family Foundation Inc
South Family Foundation Inc. operates with fluctuating revenues and expenses, consistently reporting zero officer compensation.
EIN: 200528181 · Bluffton, SC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $27K |
| Program Spending | 90% |
| Net Assets | $1K |
| Transparency Score | 75/100 |
Is South Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Family Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Family Foundation Inc
South Family Foundation Inc (EIN: 200528181) is a nonprofit organization based in Bluffton, SC, classified under NTEE code T22. The organization reported total revenue of $132K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Family Foundation Inc is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $27K |
| Surplus / Deficit | $-10,650 |
| Total Assets | $1K |
| Total Liabilities | $1 |
| Net Assets | $1K |
| Operating Margin | -66.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2023, South Family Foundation Inc reported a deficit of $11K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), South Family Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.3% | -29.6% | -88.1% |
| 2022 | +2.0% | +2063.4% | -50.6% |
| 2021 | +233.3% | -76.1% | +1942.4% |
| 2020 | -35.3% | -40.5% | +17.1% |
| 2019 | -89.0% | -88.2% | -66.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Family Foundation Inc with a Mission Score of 75 out of 100 (Good). 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 Family Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly efficient for an organization of this size.
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 Family Foundation Inc's IRS 990 filings:
- Consistent deficits in recent years (e.g., 2023, 2022) where expenses exceeded revenue.
- Significant volatility in assets over the filing history, indicating potential instability or large, infrequent disbursements.
Strengths
The following positive indicators were identified for South Family Foundation Inc:
- Consistently reports 0% officer compensation, indicating very low administrative overhead related to executive salaries.
- Liabilities are consistently reported as $1 or $0, suggesting a healthy balance sheet with minimal debt.
- As a private foundation (NTEE T22), its primary purpose is likely grantmaking, indicating a direct focus on charitable distribution.
Frequently Asked Questions about South Family Foundation Inc
Is South Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Family Foundation Inc (EIN: 200528181) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does South Family Foundation Inc spend its money?
South Family Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Family Foundation Inc tax-deductible?
South Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200528181). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does South Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), South Family Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Family Foundation Inc located?
South Family Foundation Inc is headquartered in Bluffton, South Carolina and files with the IRS under EIN 200528181. It is classified under NTEE code T22.
How many years of IRS 990 filings does South Family Foundation Inc have?
South Family Foundation Inc has 10 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 $132K in total revenue.
What are the specific program activities funded by the South Family Foundation Inc.?
The provided IRS 990 data does not detail specific program activities or grants made by the foundation, only total expenses. Further investigation into the full 990 forms would be needed to understand their grantmaking focus.
Why do the organization's assets fluctuate so significantly year-to-year?
The significant fluctuations in assets, such as from $127,373 in 2011 to $1,022 in 2019, could be due to large grants being made, investment performance, or variations in contributions received and held before disbursement. Without more detailed financial statements, the exact reasons are unclear.
Is the South Family Foundation Inc. financially sustainable given its recent deficits?
In 2023 and 2022, the foundation reported expenses exceeding revenue ($16,000 revenue vs. $26,650 expenses in 2023; $25,500 revenue vs. $37,859 expenses in 2022). While it has a history of both surpluses and deficits, consistent deficits could impact long-term sustainability if not offset by prior reserves or future contributions.
Filing History
IRS 990 filing history for South Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), South Family Foundation Inc's revenue has declined by 75.4%, moving from $65K to $16K. Total assets decreased by 98.9% over the same period, from $127K to $1K. Total functional expenses fell by 59.9%, from $66K to $27K. In its most recent filing year (2023), South Family Foundation Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $27K | $1K | $1 | — | — |
| 2022 | $26K | $38K | $12K | $1 | — | View 990 |
| 2021 | $25K | $2K | $24K | $1 | — | View 990 |
| 2020 | $8K | $7K | $1K | $1 | — | View 990 |
| 2019 | $12K | $12K | $1K | $1 | — | — |
| 2015 | $105K | $104K | $3K | $1 | — | View 990 |
| 2014 | $45 | $15K | $2K | $1 | — | View 990 |
| 2013 | $66K | $71K | $17K | $0 | — | View 990 |
| 2012 | $111K | $216K | $22K | $0 | — | View 990 |
| 2011 | $65K | $66K | $127K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $27K, and assets of $1K (revenue -37.3% year-over-year).
- 2022: Revenue of $26K, expenses of $38K, and assets of $12K (revenue +2.0% year-over-year).
- 2021: Revenue of $25K, expenses of $2K, and assets of $24K (revenue +233.3% year-over-year).
- 2020: Revenue of $8K, expenses of $7K, and assets of $1K (revenue -35.3% year-over-year).
- 2019: Revenue of $12K, expenses of $12K, and assets of $1K (revenue -89.0% year-over-year).
- 2015: Revenue of $105K, expenses of $104K, and assets of $3K (revenue +233233.3% year-over-year).
- 2014: Revenue of $45, expenses of $15K, and assets of $2K (revenue -99.9% year-over-year).
- 2013: Revenue of $66K, expenses of $71K, and assets of $17K (revenue -40.8% year-over-year).
- 2012: Revenue of $111K, expenses of $216K, and assets of $22K (revenue +71.0% year-over-year).
- 2011: Revenue of $65K, expenses of $66K, and assets of $127K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Family Foundation Inc:
Data Sources and Methodology
This transparency report for South Family Foundation 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.