Upstate Homeschool Co Op Inc
Upstate Homeschool Co Op Inc shows consistent revenue growth and no reported officer compensation over the past decade.
EIN: 201380298 · Taylors, SC · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1,607,439. |
| Net Assets | $476K |
| Transparency Score | 92/100 |
Is Upstate Homeschool Co Op Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Upstate Homeschool Co Op Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Upstate Homeschool Co Op Inc
Upstate Homeschool Co Op Inc (EIN: 201380298) is a nonprofit organization based in Taylors, SC, classified under NTEE code B99. The organization reported total revenue of $2.1M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upstate Homeschool Co Op Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Upstate Homeschool Co Op Inc is a mid-size nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$135K |
| Total Assets | $1.5M |
| Total Liabilities | $1.0M |
| Net Assets | $476K |
| Operating Margin | 8.4% |
| Debt-to-Asset Ratio | 68.6% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Upstate Homeschool Co Op Inc reported a surplus of $135K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 68.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Upstate Homeschool Co Op Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +70.1% | +56.1% | +46.9% |
| 2022 | +27.0% | +20.9% | +22.6% |
| 2021 | +17.0% | +26.3% | +30.0% |
| 2020 | +1.9% | +11.5% | -0.8% |
| 2019 | -4.4% | -13.3% | +17.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Upstate Homeschool Co Op 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Upstate Homeschool Co Op Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $135K, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly favorable for a nonprofit of its size with latest revenue of $1,607,439.
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 Upstate Homeschool Co Op Inc:
- Consistent and significant revenue growth, from $396,533 in 2014 to $1,607,439 in 2023.
- Zero reported officer compensation across all filings, indicating efficient use of funds and potentially volunteer leadership.
- Healthy asset growth, from $239,200 in 2014 to $1,512,976 in 2023, demonstrating financial stability.
- Consistent operational surpluses, with revenue exceeding expenses in most reported periods.
- Strong financial health with assets consistently exceeding liabilities.
Frequently Asked Questions about Upstate Homeschool Co Op Inc
Is Upstate Homeschool Co Op Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Upstate Homeschool Co Op Inc (EIN: 201380298) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Upstate Homeschool Co Op Inc spend its money?
Upstate Homeschool Co Op Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Upstate Homeschool Co Op Inc tax-deductible?
Upstate Homeschool Co Op Inc is registered as a tax-exempt nonprofit (EIN: 201380298). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Upstate Homeschool Co Op Inc CEO make?
Upstate Homeschool Co Op Inc's highest-compensated officer earns $1,607,439. annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Upstate Homeschool Co Op Inc's spending goes to programs?
Upstate Homeschool Co Op Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Upstate Homeschool Co Op Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Upstate Homeschool Co Op Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Upstate Homeschool Co Op Inc located?
Upstate Homeschool Co Op Inc is headquartered in Taylors, South Carolina and files with the IRS under EIN 201380298. It is classified under NTEE code B99.
How many years of IRS 990 filings does Upstate Homeschool Co Op Inc have?
Upstate Homeschool Co Op Inc has 12 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 $2.1M in total revenue.
How does Upstate Homeschool Co Op Inc manage its liabilities, which have grown from $131,551 in 2014 to $1,037,251 in 2023?
While liabilities have increased, they remain well-covered by assets, which grew from $239,200 to $1,512,976 over the same period, indicating a healthy balance sheet.
What specific programs does Upstate Homeschool Co Op Inc fund with its growing revenue?
The provided data does not detail specific programs, but the NTEE code B99 (Education, Other) suggests a broad educational focus for homeschoolers.
What is the primary source of Upstate Homeschool Co Op Inc's revenue?
The provided IRS 990 summary data does not specify revenue sources, but for a co-op, it often includes membership fees, program fees, and potentially donations.
Filing History
IRS 990 filing history for Upstate Homeschool Co Op Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Upstate Homeschool Co Op Inc's revenue has grown by 489.8%, moving from $273K to $1.6M. Total assets increased by 1156.2% over the same period, from $120K to $1.5M. Total functional expenses rose by 427.3%, from $279K to $1.5M. In its most recent filing year (2023), Upstate Homeschool Co Op Inc reported a surplus of $135K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $1.5M in assets (debt-to-asset ratio: 68.6%), resulting in net assets of $476K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.5M | $1.5M | $1.0M | — | View 990 |
| 2022 | $945K | $943K | $1.0M | $761K | — | View 990 |
| 2021 | $744K | $780K | $840K | $573K | — | View 990 |
| 2020 | $636K | $618K | $646K | $327K | — | View 990 |
| 2019 | $624K | $554K | $651K | $350K | — | View 990 |
| 2018 | $653K | $639K | $554K | $301K | — | View 990 |
| 2017 | $603K | $549K | $461K | $221K | — | View 990 |
| 2016 | $490K | $474K | $352K | $166K | — | View 990 |
| 2015 | $496K | $434K | $301K | $131K | — | View 990 |
| 2014 | $397K | $347K | $239K | $132K | — | View 990 |
| 2013 | $301K | $286K | $167K | $113K | — | View 990 |
| 2012 | $273K | $279K | $120K | $81K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.5M, and assets of $1.5M (revenue +70.1% year-over-year).
- 2022: Revenue of $945K, expenses of $943K, and assets of $1.0M (revenue +27.0% year-over-year).
- 2021: Revenue of $744K, expenses of $780K, and assets of $840K (revenue +17.0% year-over-year).
- 2020: Revenue of $636K, expenses of $618K, and assets of $646K (revenue +1.9% year-over-year).
- 2019: Revenue of $624K, expenses of $554K, and assets of $651K (revenue -4.4% year-over-year).
- 2018: Revenue of $653K, expenses of $639K, and assets of $554K (revenue +8.2% year-over-year).
- 2017: Revenue of $603K, expenses of $549K, and assets of $461K (revenue +23.0% year-over-year).
- 2016: Revenue of $490K, expenses of $474K, and assets of $352K (revenue -1.2% year-over-year).
- 2015: Revenue of $496K, expenses of $434K, and assets of $301K (revenue +25.1% year-over-year).
- 2014: Revenue of $397K, expenses of $347K, and assets of $239K (revenue +31.6% year-over-year).
- 2013: Revenue of $301K, expenses of $286K, and assets of $167K (revenue +10.5% year-over-year).
- 2012: Revenue of $273K, expenses of $279K, and assets of $120K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Upstate Homeschool Co Op Inc:
Data Sources and Methodology
This transparency report for Upstate Homeschool Co Op 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.