Sumter Technology Center Inc
EIN: 352177240 · Sumter, SC · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $76K |
| Total Expenses | $123K |
| Net Assets | $1.3M |
Is Sumter Technology Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sumter Technology Center Inc
Sumter Technology Center Inc (EIN: 352177240) is a nonprofit organization based in Sumter, SC, classified under NTEE code B60. The organization reported total revenue of $76K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sumter Technology Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sumter Technology Center Inc is a micro nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 47.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $123K |
| Surplus / Deficit | $-46,850 |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | -61.8% |
| Months of Reserves | 131.5 months |
Financial Health Grade: B
In 2024, Sumter Technology Center Inc reported a deficit of $47K with expenses exceeding revenue, holds 131.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Sumter Technology Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 47.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.0% | +0.0% | -3.4% |
| 2023 | +0.0% | +0.0% | -3.3% |
| 2022 | -3.9% | -2.4% | -3.2% |
| 2021 | +3.4% | +2.1% | -3.1% |
| 2020 | -8.3% | -4.1% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sumter Technology Center Inc 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 Technology Center Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
Frequently Asked Questions about Sumter Technology Center Inc
Is Sumter Technology Center Inc a legitimate charity?
Sumter Technology Center Inc (EIN: 352177240) is a registered tax-exempt nonprofit based in South Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $76K. No red flags identified. Financial health grade: B.
How does Sumter Technology Center Inc spend its money?
Sumter Technology Center Inc reported $76K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sumter Technology Center Inc tax-deductible?
Sumter Technology Center Inc is registered as a tax-exempt nonprofit (EIN: 352177240). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sumter Technology Center Inc located?
Sumter Technology Center Inc is headquartered in Sumter, South Carolina and files with the IRS under EIN 352177240. It is classified under NTEE code B60.
How many years of IRS 990 filings does Sumter Technology Center Inc have?
Sumter Technology Center Inc has 13 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 $76K in total revenue.
Filing History
IRS 990 filing history for Sumter Technology Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Sumter Technology Center Inc's revenue has grown by 10434.9%, moving from $720 to $76K. Total assets increased by 464.2% over the same period, from $238K to $1.3M. Total functional expenses rose by 1920.4%, from $6K to $123K. In its most recent filing year (2024), Sumter Technology Center Inc reported a deficit of $47K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $76K | $123K | $1.3M | $0 | — | — |
| 2023 | $76K | $123K | $1.4M | $0 | — | View 990 |
| 2022 | $76K | $123K | $1.4M | $0 | — | View 990 |
| 2021 | $79K | $126K | $1.5M | $0 | — | — |
| 2020 | $76K | $123K | $1.5M | $0 | — | View 990 |
| 2019 | $83K | $128K | $1.6M | $0 | — | View 990 |
| 2018 | $75K | $123K | $1.6M | $2K | — | View 990 |
| 2017 | $75K | $123K | $1.7M | $1K | — | View 990 |
| 2016 | $0 | $47K | $1.7M | $703 | — | View 990 |
| 2015 | $0 | $48K | $1.8M | $703 | — | View 990 |
| 2014 | $102K | $15K | $1.8M | $0 | — | View 990 |
| 2013 | $1.5M | $4K | $1.7M | $4K | — | View 990 |
| 2012 | $720 | $6K | $238K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $76K, expenses of $123K, and assets of $1.3M (revenue +0.0% year-over-year).
- 2023: Revenue of $76K, expenses of $123K, and assets of $1.4M (revenue +0.0% year-over-year).
- 2022: Revenue of $76K, expenses of $123K, and assets of $1.4M (revenue -3.9% year-over-year).
- 2021: Revenue of $79K, expenses of $126K, and assets of $1.5M (revenue +3.4% year-over-year).
- 2020: Revenue of $76K, expenses of $123K, and assets of $1.5M (revenue -8.3% year-over-year).
- 2019: Revenue of $83K, expenses of $128K, and assets of $1.6M (revenue +10.6% year-over-year).
- 2018: Revenue of $75K, expenses of $123K, and assets of $1.6M (revenue +0.0% year-over-year).
- 2017: Revenue of $75K, expenses of $123K, and assets of $1.7M.
- 2016: Revenue of $0, expenses of $47K, and assets of $1.7M.
- 2015: Revenue of $0, expenses of $48K, and assets of $1.8M (revenue -100.0% year-over-year).
- 2014: Revenue of $102K, expenses of $15K, and assets of $1.8M (revenue -93.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $4K, and assets of $1.7M (revenue +207054.4% year-over-year).
- 2012: Revenue of $720, expenses of $6K, and assets of $238K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sumter Technology Center Inc:
Data Sources and Methodology
This transparency report for Sumter Technology Center 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.