Sumter Palmetto
EIN: 570635335 · Sumter, SC
| Metric | Value |
|---|---|
| Total Revenue | $58K |
| Total Expenses | $35K |
| Net Assets | $468K |
Is Sumter Palmetto Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sumter Palmetto
Sumter Palmetto (EIN: 570635335) is a nonprofit organization based in Sumter, SC. The organization reported total revenue of $58K and total assets of $490K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sumter Palmetto's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sumter Palmetto is a micro nonprofit that has been operating for 84 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $35K |
| Surplus / Deficit | +$89K |
| Total Assets | $496K |
| Total Liabilities | $28K |
| Net Assets | $468K |
| Operating Margin | 71.4% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 167.9 months |
Financial Health Grade: A
In 2021, Sumter Palmetto reported a surplus of $89K with revenue exceeding expenses, holds 167.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Sumter Palmetto's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +246.6% | -5.2% | +25.0% |
| 2020 | -39.9% | -9.1% | -3.0% |
| 2019 | -19.6% | +1.4% | +5.2% |
| 2018 | +36.0% | +7.0% | +8.9% |
| 2017 | -9.4% | -10.7% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sumter Palmetto 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 Sumter Palmetto 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $89K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Frequently Asked Questions about Sumter Palmetto
Is Sumter Palmetto a legitimate charity?
Sumter Palmetto (EIN: 570635335) is a registered tax-exempt nonprofit based in South Carolina. It has 11 years of IRS 990 filings on record. Total revenue: $58K. No red flags identified. Financial health grade: A.
How does Sumter Palmetto spend its money?
Sumter Palmetto reported $58K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sumter Palmetto tax-deductible?
Sumter Palmetto is registered as a tax-exempt nonprofit (EIN: 570635335). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sumter Palmetto located?
Sumter Palmetto is headquartered in Sumter, South Carolina and files with the IRS under EIN 570635335.
How many years of IRS 990 filings does Sumter Palmetto have?
Sumter Palmetto has 11 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 $58K in total revenue.
Filing History
IRS 990 filing history for Sumter Palmetto showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Sumter Palmetto's revenue has grown by 60.5%, moving from $77K to $124K. Total assets increased by 100.5% over the same period, from $247K to $496K. Total functional expenses fell by 33%, from $53K to $35K. In its most recent filing year (2021), Sumter Palmetto reported a surplus of $89K, with revenue exceeding expenses. The organization holds $28K in liabilities against $496K in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $468K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $124K | $35K | $496K | $28K | — | View 990 |
| 2020 | $36K | $37K | $397K | $18K | — | View 990 |
| 2019 | $60K | $41K | $409K | $28K | — | View 990 |
| 2018 | $74K | $41K | $389K | $26K | — | — |
| 2017 | $54K | $38K | $357K | $28K | — | View 990 |
| 2016 | $60K | $43K | $336K | $24K | — | View 990 |
| 2015 | $45K | $44K | $307K | $9K | — | View 990 |
| 2014 | $89K | $49K | $309K | $4K | — | View 990 |
| 2013 | $65K | $56K | $276K | $22K | — | View 990 |
| 2012 | $57K | $54K | $252K | $14K | — | View 990 |
| 2011 | $77K | $53K | $247K | $12K | — | — |
Year-by-Year Financial Summary
- 2021: Revenue of $124K, expenses of $35K, and assets of $496K (revenue +246.6% year-over-year).
- 2020: Revenue of $36K, expenses of $37K, and assets of $397K (revenue -39.9% year-over-year).
- 2019: Revenue of $60K, expenses of $41K, and assets of $409K (revenue -19.6% year-over-year).
- 2018: Revenue of $74K, expenses of $41K, and assets of $389K (revenue +36.0% year-over-year).
- 2017: Revenue of $54K, expenses of $38K, and assets of $357K (revenue -9.4% year-over-year).
- 2016: Revenue of $60K, expenses of $43K, and assets of $336K (revenue +34.8% year-over-year).
- 2015: Revenue of $45K, expenses of $44K, and assets of $307K (revenue -50.1% year-over-year).
- 2014: Revenue of $89K, expenses of $49K, and assets of $309K (revenue +37.1% year-over-year).
- 2013: Revenue of $65K, expenses of $56K, and assets of $276K (revenue +15.1% year-over-year).
- 2012: Revenue of $57K, expenses of $54K, and assets of $252K (revenue -26.7% year-over-year).
- 2011: Revenue of $77K, expenses of $53K, and assets of $247K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sumter Palmetto:
Data Sources and Methodology
This transparency report for Sumter Palmetto 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.