Susanna Iacovelli Charitable Foundation Inc
Susanna Iacovelli Charitable Foundation Inc shows consistent asset growth and zero reported officer compensation.
EIN: 113568113 · Greenville, SC · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $908K |
| Program Spending | 90% |
| Net Assets | $9.5M |
| Transparency Score | 92/100 |
Is Susanna Iacovelli Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Susanna Iacovelli Charitable Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Susanna Iacovelli Charitable Foundation Inc
Susanna Iacovelli Charitable Foundation Inc (EIN: 113568113) is a nonprofit organization based in Greenville, SC, classified under NTEE code T22. The organization reported total revenue of $1.5M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Susanna Iacovelli Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Susanna Iacovelli Charitable Foundation Inc is a mid-size nonprofit that has been operating for 25 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 26.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $908K |
| Surplus / Deficit | +$1.4M |
| Total Assets | $9.5M |
| Total Liabilities | $1 |
| Net Assets | $9.5M |
| Operating Margin | 61.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 126.0 months |
Financial Health Grade: A
In 2022, Susanna Iacovelli Charitable Foundation Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 126.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Susanna Iacovelli Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -39.2% | +38.7% | +17.7% |
| 2021 | +670.4% | +38.1% | +65.2% |
| 2019 | -144.6% | -34.1% | +2.4% |
| 2015 | -6.3% | +63.9% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Susanna Iacovelli Charitable Foundation Inc with a Mission Score of 92 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: 90%
- fundraising: 5%
According to IRS 990 filings, Susanna Iacovelli Charitable Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly favorable for directing funds to charitable activities.
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.
Red Flags
The following concerns were identified during AI analysis of Susanna Iacovelli Charitable Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including a negative revenue year in 2019 (-$477,526), which could indicate reliance on volatile investment income or unusual financial events.
Strengths
The following positive indicators were identified for Susanna Iacovelli Charitable Foundation Inc:
- Consistent and substantial asset growth, from $2.2 million in 2011 to over $10 million currently.
- Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
- Expenses consistently much lower than revenue, demonstrating strong financial management and efficiency.
- Low liabilities across all reporting periods, indicating financial stability.
Frequently Asked Questions about Susanna Iacovelli Charitable Foundation Inc
Is Susanna Iacovelli Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Susanna Iacovelli Charitable Foundation Inc (EIN: 113568113) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Susanna Iacovelli Charitable Foundation Inc spend its money?
Susanna Iacovelli Charitable Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Susanna Iacovelli Charitable Foundation Inc tax-deductible?
Susanna Iacovelli Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 113568113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Susanna Iacovelli Charitable Foundation Inc's spending goes to programs?
Susanna Iacovelli Charitable Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Susanna Iacovelli Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Susanna Iacovelli Charitable Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Susanna Iacovelli Charitable Foundation Inc located?
Susanna Iacovelli Charitable Foundation Inc is headquartered in Greenville, South Carolina and files with the IRS under EIN 113568113. It is classified under NTEE code T22.
How many years of IRS 990 filings does Susanna Iacovelli Charitable Foundation Inc have?
Susanna Iacovelli Charitable Foundation Inc has 9 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 $1.5M in total revenue.
Is Susanna Iacovelli Charitable Foundation Inc a good charity?
Based on its consistent asset growth, low expenses relative to revenue, and zero reported officer compensation, the foundation appears to be a financially sound and efficient charity.
What caused the negative revenue in 2019?
The filing for 201912 shows a revenue of -477,526. This could be due to investment losses or significant returns of contributions, which would warrant further investigation into the detailed 990 form.
How does the foundation manage its expenses?
The foundation consistently reports expenses significantly lower than its revenue, for example, $907,946 in expenses against $2,342,344 in revenue in 2022, suggesting efficient management and a focus on accumulating assets for its charitable purpose.
Filing History
IRS 990 filing history for Susanna Iacovelli Charitable Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Susanna Iacovelli Charitable Foundation Inc's revenue has grown by 1249.6%, moving from $174K to $2.3M. Total assets increased by 324.7% over the same period, from $2.2M to $9.5M. Total functional expenses rose by 408.2%, from $179K to $908K. In its most recent filing year (2022), Susanna Iacovelli Charitable Foundation Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $1 in liabilities against $9.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $9.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.3M | $908K | $9.5M | $1 | — | — |
| 2021 | $3.9M | $655K | $8.1M | $1 | — | View 990 |
| 2020 | $500K | $474K | $4.9M | $1 | — | — |
| 2019 | $-477,526 | $316K | $4.9M | $1 | — | View 990 |
| 2015 | $1.1M | $479K | $4.8M | $39K | — | View 990 |
| 2014 | $1.1M | $292K | $4.2M | $62K | — | View 990 |
| 2013 | $841K | $290K | $3.3M | $35K | — | View 990 |
| 2012 | $679K | $183K | $2.8M | $31K | — | View 990 |
| 2011 | $174K | $179K | $2.2M | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.3M, expenses of $908K, and assets of $9.5M (revenue -39.2% year-over-year).
- 2021: Revenue of $3.9M, expenses of $655K, and assets of $8.1M (revenue +670.4% year-over-year).
- 2020: Revenue of $500K, expenses of $474K, and assets of $4.9M.
- 2019: Revenue of $-477,526, expenses of $316K, and assets of $4.9M (revenue -144.6% year-over-year).
- 2015: Revenue of $1.1M, expenses of $479K, and assets of $4.8M (revenue -6.3% year-over-year).
- 2014: Revenue of $1.1M, expenses of $292K, and assets of $4.2M (revenue +35.8% year-over-year).
- 2013: Revenue of $841K, expenses of $290K, and assets of $3.3M (revenue +23.8% year-over-year).
- 2012: Revenue of $679K, expenses of $183K, and assets of $2.8M (revenue +291.5% year-over-year).
- 2011: Revenue of $174K, expenses of $179K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Susanna Iacovelli Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Susanna Iacovelli Charitable 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.