Sun News Educational Foundation Inc
EIN: 570799993 · Myrtle Beach, SC · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $803 |
| Total Expenses | $16K |
| Net Assets | $131K |
Is Sun News Educational Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sun News Educational Foundation Inc
Sun News Educational Foundation Inc (EIN: 570799993) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code B99. The organization reported total revenue of $803 and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sun News Educational Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sun News Educational Foundation Inc is a micro nonprofit that has been operating for 12 years, with 4 years of IRS 990 filings on record (2017–2020). Revenue has grown at a compound annual rate of -51.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $803 |
| Total Expenses | $16K |
| Surplus / Deficit | $-15,000 |
| Total Assets | $131K |
| Net Assets | $131K |
| Operating Margin | -1868.0% |
| Months of Reserves | 99.2 months |
Financial Health Grade: B
In 2020, Sun News Educational Foundation Inc reported a deficit of $15K with expenses exceeding revenue, holds 99.2 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2017–2020), Sun News Educational Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -51.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -5.8% | +15.0% | -10.3% |
| 2019 | -68.0% | -5.3% | -8.1% |
| 2018 | -61.9% | -25.5% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sun News Educational Foundation 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 Sun News Educational Foundation 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
Frequently Asked Questions about Sun News Educational Foundation Inc
Is Sun News Educational Foundation Inc a legitimate charity?
Sun News Educational Foundation Inc (EIN: 570799993) is a registered tax-exempt nonprofit based in South Carolina. It has 4 years of IRS 990 filings on record. Total revenue: $803. No red flags identified. Financial health grade: B.
How does Sun News Educational Foundation Inc spend its money?
Sun News Educational Foundation Inc reported $803 in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sun News Educational Foundation Inc tax-deductible?
Sun News Educational Foundation Inc is registered as a tax-exempt nonprofit (EIN: 570799993). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sun News Educational Foundation Inc located?
Sun News Educational Foundation Inc is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 570799993. It is classified under NTEE code B99.
How many years of IRS 990 filings does Sun News Educational Foundation Inc have?
Sun News Educational Foundation Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $803 in total revenue.
Filing History
IRS 990 filing history for Sun News Educational Foundation Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2020), Sun News Educational Foundation Inc's revenue has declined by 88.5%, moving from $7K to $803. Total assets decreased by 23.3% over the same period, from $170K to $131K. Total functional expenses fell by 18.8%, from $19K to $16K. In its most recent filing year (2020), Sun News Educational Foundation Inc reported a deficit of $15K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $803 | $16K | $131K | $0 | — | — |
| 2019 | $852 | $14K | $146K | $0 | — | — |
| 2018 | $3K | $15K | $159K | $0 | — | — |
| 2017 | $7K | $19K | $170K | $0 | — | — |
Year-by-Year Financial Summary
- 2020: Revenue of $803, expenses of $16K, and assets of $131K (revenue -5.8% year-over-year).
- 2019: Revenue of $852, expenses of $14K, and assets of $146K (revenue -68.0% year-over-year).
- 2018: Revenue of $3K, expenses of $15K, and assets of $159K (revenue -61.9% year-over-year).
- 2017: Revenue of $7K, expenses of $19K, and assets of $170K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sun News Educational Foundation Inc:
Data Sources and Methodology
This transparency report for Sun News Educational 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.