The Mission Collective Inc
The Mission Collective Inc. experiences a dramatic 95% revenue decline since 2017 peak, operating at a significantly reduced scale.
EIN: 202383515 · Charleston, SC · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $53K |
| Total Expenses | $58K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.3 |
| Net Assets | $73K |
| Transparency Score | 65/100 |
Is The Mission Collective Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Mission Collective Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Mission Collective Inc
The Mission Collective Inc (EIN: 202383515) is a nonprofit organization based in Charleston, SC, classified under NTEE code P20. The organization reported total revenue of $53K and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Mission Collective Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Mission Collective Inc is a micro nonprofit that has been operating for 20 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -25.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $58K |
| Surplus / Deficit | $-1,036 |
| Total Assets | $73K |
| Net Assets | $73K |
| Operating Margin | -1.8% |
| Months of Reserves | 15.2 months |
Financial Health Grade: B
In 2023, The Mission Collective Inc reported a deficit of $1K with expenses exceeding revenue, holds 15.2 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), The Mission Collective Inc's revenue has declined at a compound annual growth rate (CAGR) of -25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.5% | -31.1% | -1.4% |
| 2022 | +101.9% | +100.0% | -1.3% |
| 2021 | -3.6% | +36.1% | -1.2% |
| 2020 | -95.6% | -96.4% | -95.2% |
| 2019 | +2.1% | +3.9% | +13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 The Mission Collective Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Mission Collective Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $1K, with expenses exceeding revenue.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all nine filings, indicating a volunteer-led organization or one with no paid executives, which is highly unusual for an organization that once managed over $1.3 million in 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.
Red Flags
The following concerns were identified during AI analysis of The Mission Collective Inc's IRS 990 filings:
- Extreme revenue volatility and a sustained, dramatic decline from $1.3M to $56K.
- Expenses frequently exceeding revenue in recent years (e.g., 2023, 2022, 2021), indicating operational deficits.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency.
- Significant reduction in assets from $1.5M in 2019 to $72K in 2023, indicating a substantial liquidation or transfer of assets.
Strengths
The following positive indicators were identified for The Mission Collective Inc:
- Consistent 990 filing history demonstrates commitment to transparency.
- Zero reported officer compensation indicates a very lean or volunteer-driven executive structure.
- No reported liabilities in recent years (2021-2023) suggests responsible debt management.
- Maintained a stable asset base around $70,000-$75,000 in recent years despite revenue decline.
Frequently Asked Questions about The Mission Collective Inc
Is The Mission Collective Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Mission Collective Inc (EIN: 202383515) some concerns. Mission Score: 65/100. 4 red flags identified, 4 strengths noted.
How does The Mission Collective Inc spend its money?
The Mission Collective Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Mission Collective Inc tax-deductible?
The Mission Collective Inc is registered as a tax-exempt nonprofit (EIN: 202383515). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Mission Collective Inc CEO make?
The Mission Collective Inc's highest-compensated officer earns $1.3 annually. The organization reported $53K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Mission Collective Inc's spending goes to programs?
The Mission Collective Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Mission Collective Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), The Mission Collective Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Mission Collective Inc located?
The Mission Collective Inc is headquartered in Charleston, South Carolina and files with the IRS under EIN 202383515. It is classified under NTEE code P20.
How many years of IRS 990 filings does The Mission Collective Inc have?
The Mission Collective 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 $53K in total revenue.
What caused the dramatic decline in revenue from over $1.3 million in 2017 to under $60,000 in 2023?
The provided data does not specify the reasons for this significant financial contraction. Further investigation into the organization's activities and funding sources during those periods would be necessary.
How does The Mission Collective Inc. sustain its operations with zero reported officer compensation?
The consistent reporting of 0% officer compensation suggests the organization is either entirely volunteer-run at the executive level or that executive services are provided pro bono or through other entities not reflected as direct compensation on the 990.
What is the current programmatic focus and impact given the reduced financial scale?
With revenues under $60,000, the scope of programs would necessarily be much smaller than when the organization had multi-million dollar revenues. Donors should inquire about current specific projects and their reach.
Are there plans for financial recovery or is the current scale the new operational norm?
The sustained low revenue levels for the past four years (2020-2023) suggest that the current scale might be the new norm, but the organization's strategic plans would clarify this.
Filing History
IRS 990 filing history for The Mission Collective Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), The Mission Collective Inc's revenue has declined by 90.3%, moving from $581K to $57K. Total assets decreased by 83.2% over the same period, from $433K to $73K. Total functional expenses fell by 87%, from $444K to $58K. In its most recent filing year (2023), The Mission Collective Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $57K | $58K | $73K | $0 | — | — |
| 2022 | $83K | $84K | $74K | $0 | — | View 990 |
| 2021 | $41K | $42K | $75K | $0 | — | View 990 |
| 2020 | $42K | $31K | $76K | $0 | — | — |
| 2019 | $966K | $859K | $1.6M | $80K | — | View 990 |
| 2018 | $947K | $827K | $1.4M | $2K | — | View 990 |
| 2017 | $1.3M | $678K | $1.3M | $893 | — | — |
| 2016 | $734K | $539K | $632K | $4K | — | View 990 |
| 2015 | $581K | $444K | $433K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $57K, expenses of $58K, and assets of $73K (revenue -31.5% year-over-year).
- 2022: Revenue of $83K, expenses of $84K, and assets of $74K (revenue +101.9% year-over-year).
- 2021: Revenue of $41K, expenses of $42K, and assets of $75K (revenue -3.6% year-over-year).
- 2020: Revenue of $42K, expenses of $31K, and assets of $76K (revenue -95.6% year-over-year).
- 2019: Revenue of $966K, expenses of $859K, and assets of $1.6M (revenue +2.1% year-over-year).
- 2018: Revenue of $947K, expenses of $827K, and assets of $1.4M (revenue -29.2% year-over-year).
- 2017: Revenue of $1.3M, expenses of $678K, and assets of $1.3M (revenue +82.0% year-over-year).
- 2016: Revenue of $734K, expenses of $539K, and assets of $632K (revenue +26.4% year-over-year).
- 2015: Revenue of $581K, expenses of $444K, and assets of $433K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Mission Collective Inc:
Data Sources and Methodology
This transparency report for The Mission Collective 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.