South Magnolia Event Group
EIN: 852578020 · Summerville, SC · NTEE: S20
About South Magnolia Event Group
South Magnolia Event Group (EIN: 852578020) is a nonprofit organization based in Summerville, SC, classified under NTEE code S20. The organization reported total revenue of $680K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Magnolia Event Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for South Magnolia Event Group 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 Magnolia Event Group 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.
Filing History
IRS 990 filing history for South Magnolia Event Group showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2022), South Magnolia Event Group's revenue has grown by 57.6%, moving from $432K to $680K. Total assets increased by 316.7% over the same period, from $417K to $1.7M. Total functional expenses rose by 176.5%, from $14K to $39K. In its most recent filing year (2022), South Magnolia Event Group reported a surplus of $641K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $680K | $39K | $1.7M | $0 | — | — |
| 2021 | $757K | $76K | $1.3M | $181K | — | View 990 |
| 2020 | $432K | $14K | $417K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $680K, expenses of $39K, and assets of $1.7M (revenue -10.2% year-over-year).
- 2021: Revenue of $757K, expenses of $76K, and assets of $1.3M (revenue +75.4% year-over-year).
- 2020: Revenue of $432K, expenses of $14K, and assets of $417K.
Data Sources and Methodology
This transparency report for South Magnolia Event Group 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.