Sunset Cay Social Club
EIN: 472295552 · Folly Beach, SC · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $209K |
| Total Expenses | $229K |
| Net Assets | $-3,130 |
Is Sunset Cay Social Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sunset Cay Social Club
Sunset Cay Social Club (EIN: 472295552) is a nonprofit organization based in Folly Beach, SC, classified under NTEE code N50. The organization reported total revenue of $209K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sunset Cay Social Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sunset Cay Social Club is a small nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 20.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $221K |
| Total Expenses | $229K |
| Surplus / Deficit | $-8,398 |
| Total Assets | $2K |
| Total Liabilities | $5K |
| Net Assets | $-3,130 |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 240.4% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Sunset Cay Social Club reported a deficit of $8K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 240.4% (high leverage).
Financial Trends
Over 7 years of filings (2016–2023), Sunset Cay Social Club's revenue has grown at a compound annual growth rate (CAGR) of 20.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | +5.8% | -78.3% |
| 2022 | +434.3% | +401.6% | -4.2% |
| 2021 | +48.1% | +170.5% | -18.7% |
| 2020 | -51.3% | -66.5% | +29.7% |
| 2018 | +1.7% | -10.4% | +120.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sunset Cay Social Club 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 Sunset Cay Social Club 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 240.4%.
Frequently Asked Questions about Sunset Cay Social Club
Is Sunset Cay Social Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Sunset Cay Social Club (EIN: 472295552) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sunset Cay Social Club spend its money?
Detailed spending breakdown data is not yet available for Sunset Cay Social Club. Check back for updated IRS 990 analysis.
Are donations to Sunset Cay Social Club tax-deductible?
Sunset Cay Social Club is registered as a tax-exempt nonprofit (EIN: 472295552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sunset Cay Social Club located?
Sunset Cay Social Club is headquartered in Folly Beach, South Carolina and files with the IRS under EIN 472295552. It is classified under NTEE code N50.
How many years of IRS 990 filings does Sunset Cay Social Club have?
Sunset Cay Social Club 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 $209K in total revenue.
Filing History
IRS 990 filing history for Sunset Cay Social Club showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2016–2023), Sunset Cay Social Club's revenue has grown by 273.8%, moving from $59K to $221K. Total assets decreased by 81.6% over the same period, from $12K to $2K. Total functional expenses rose by 394.3%, from $46K to $229K. In its most recent filing year (2023), Sunset Cay Social Club reported a deficit of $8K, with expenses exceeding revenue. The organization holds $5K in liabilities against $2K in assets (debt-to-asset ratio: 240.4%), resulting in net assets of $-3,130.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $221K | $229K | $2K | $5K | — | — |
| 2022 | $216K | $217K | $10K | $5K | — | View 990 |
| 2021 | $40K | $43K | $11K | $5K | — | View 990 |
| 2020 | $27K | $16K | $13K | $5K | — | View 990 |
| 2018 | $56K | $48K | $10K | $6K | — | View 990 |
| 2017 | $55K | $53K | $5K | $9K | — | View 990 |
| 2016 | $59K | $46K | $12K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $221K, expenses of $229K, and assets of $2K (revenue +2.2% year-over-year).
- 2022: Revenue of $216K, expenses of $217K, and assets of $10K (revenue +434.3% year-over-year).
- 2021: Revenue of $40K, expenses of $43K, and assets of $11K (revenue +48.1% year-over-year).
- 2020: Revenue of $27K, expenses of $16K, and assets of $13K (revenue -51.3% year-over-year).
- 2018: Revenue of $56K, expenses of $48K, and assets of $10K (revenue +1.7% year-over-year).
- 2017: Revenue of $55K, expenses of $53K, and assets of $5K (revenue -6.6% year-over-year).
- 2016: Revenue of $59K, expenses of $46K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sunset Cay Social Club:
Data Sources and Methodology
This transparency report for Sunset Cay Social Club 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.