Sumter Two School Facilities Inc
Sumter Two School Facilities Inc. maintains stable finances with decreasing assets and no reported officer compensation.
EIN: 208059977 · Sumter, SC · NTEE: B11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.4M |
| Program Spending | 95% |
| Net Assets | $6.9M |
| Transparency Score | 90/100 |
Is Sumter Two School Facilities Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sumter Two School Facilities Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sumter Two School Facilities Inc
Sumter Two School Facilities Inc (EIN: 208059977) is a nonprofit organization based in Sumter, SC, classified under NTEE code B11. The organization reported total revenue of $2.7M and total assets of $39.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sumter Two School Facilities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sumter Two School Facilities Inc is a mid-size nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$27K |
| Total Assets | $43.3M |
| Total Liabilities | $36.5M |
| Net Assets | $6.9M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 84.2% |
| Months of Reserves | 367.6 months |
Financial Health Grade: A
In 2023, Sumter Two School Facilities Inc reported a surplus of $27K with revenue exceeding expenses, holds 367.6 months of operating reserves (strong position), has a debt-to-asset ratio of 84.2% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Sumter Two School Facilities Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.1% | -9.3% | -7.0% |
| 2022 | -8.0% | -8.1% | -6.4% |
| 2021 | -7.4% | -7.5% | -5.7% |
| 2020 | -0.9% | -5.8% | -5.2% |
| 2019 | -9.0% | -4.5% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Sumter Two School Facilities Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Sumter Two School Facilities Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 84.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or their compensation is handled by an external entity, which is a strong positive for financial transparency and efficiency relative to the organization's size and revenue.
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 Sumter Two School Facilities Inc:
- Consistent financial stability with revenues closely matching expenses (e.g., 2023 revenue $1,441,744 vs. expenses $1,414,456).
- Zero reported officer compensation across all filings, indicating high efficiency and transparency.
- Consistent filing of IRS Form 990s, demonstrating commitment to transparency.
- Strong asset base relative to annual expenses, even with a decreasing trend (e.g., $43,324,165 in assets in 2023).
Frequently Asked Questions about Sumter Two School Facilities Inc
Is Sumter Two School Facilities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sumter Two School Facilities Inc (EIN: 208059977) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Sumter Two School Facilities Inc spend its money?
Sumter Two School Facilities Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sumter Two School Facilities Inc tax-deductible?
Sumter Two School Facilities Inc is registered as a tax-exempt nonprofit (EIN: 208059977). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sumter Two School Facilities Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Sumter Two School Facilities Inc is above average for NTEE category B11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sumter Two School Facilities Inc located?
Sumter Two School Facilities Inc is headquartered in Sumter, South Carolina and files with the IRS under EIN 208059977. It is classified under NTEE code B11.
How many years of IRS 990 filings does Sumter Two School Facilities Inc have?
Sumter Two School Facilities Inc has 7 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 $2.7M in total revenue.
What is the reason for the consistent decrease in assets and liabilities over the past seven years?
The filings show a steady decline in both assets and liabilities, from $61,155,907 in assets and $54,361,187 in liabilities in 2017 to $43,324,165 in assets and $36,460,717 in liabilities in 2023. This trend suggests a structured reduction in its financial footprint, possibly due to debt repayment or asset divestment, rather than financial distress.
How does Sumter Two School Facilities Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings indicates that the organization's leadership may be entirely volunteer-based, or that compensation for officers is covered by a related entity, which would be a significant factor in its operational efficiency.
What specific programs or facilities does the organization support?
While the NTEE code B11 indicates a focus on Elementary & Secondary Education Facilities, the provided data does not detail specific programs or facilities. Further investigation into their public statements or detailed financial notes would be required to understand their direct impact.
Filing History
IRS 990 filing history for Sumter Two School Facilities Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Sumter Two School Facilities Inc's revenue has declined by 32.7%, moving from $2.1M to $1.4M. Total assets decreased by 29.2% over the same period, from $61.2M to $43.3M. Total functional expenses fell by 34.3%, from $2.2M to $1.4M. In its most recent filing year (2023), Sumter Two School Facilities Inc reported a surplus of $27K, with revenue exceeding expenses. The organization holds $36.5M in liabilities against $43.3M in assets (debt-to-asset ratio: 84.2%), resulting in net assets of $6.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.4M | $43.3M | $36.5M | — | View 990 |
| 2022 | $1.6M | $1.6M | $46.6M | $39.8M | — | View 990 |
| 2021 | $1.7M | $1.7M | $49.8M | $43.0M | — | View 990 |
| 2020 | $1.9M | $1.8M | $52.8M | $46.0M | — | View 990 |
| 2019 | $1.9M | $1.9M | $55.7M | $49.0M | — | View 990 |
| 2018 | $2.1M | $2.0M | $58.5M | $51.7M | — | View 990 |
| 2017 | $2.1M | $2.2M | $61.2M | $54.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $43.3M (revenue -9.1% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $46.6M (revenue -8.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.7M, and assets of $49.8M (revenue -7.4% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.8M, and assets of $52.8M (revenue -0.9% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $55.7M (revenue -9.0% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.0M, and assets of $58.5M (revenue -3.6% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.2M, and assets of $61.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sumter Two School Facilities Inc:
Data Sources and Methodology
This transparency report for Sumter Two School Facilities 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.