World Class Scholars Foundation
EIN: 823047978 · Greenville, SC
| Metric | Value |
|---|---|
| Total Revenue | $100K |
| Total Expenses | $147K |
| Net Assets | $-119,888 |
Is World Class Scholars Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About World Class Scholars Foundation
World Class Scholars Foundation (EIN: 823047978) is a nonprofit organization based in Greenville, SC. The organization reported total revenue of $100K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Class Scholars Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
World Class Scholars Foundation is a micro nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -52.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $147K |
| Surplus / Deficit | $-102,461 |
| Total Assets | $29K |
| Total Liabilities | $149K |
| Net Assets | $-119,888 |
| Operating Margin | -227.9% |
| Debt-to-Asset Ratio | 511.8% |
| Months of Reserves | 2.4 months |
Financial Health Grade: D
In 2023, World Class Scholars Foundation reported a deficit of $102K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 511.8% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), World Class Scholars Foundation's revenue has declined at a compound annual growth rate (CAGR) of -52.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4496700.0% | +57.0% | -14.3% |
| 2022 | -100.0% | -27.3% | -65.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for World Class Scholars Foundation 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 World Class Scholars Foundation 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 $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 511.8%.
Frequently Asked Questions about World Class Scholars Foundation
Is World Class Scholars Foundation a legitimate charity?
World Class Scholars Foundation (EIN: 823047978) is a registered tax-exempt nonprofit based in South Carolina. It has 3 years of IRS 990 filings on record. Total revenue: $100K. No red flags identified. Financial health grade: D.
How does World Class Scholars Foundation spend its money?
World Class Scholars Foundation reported $100K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to World Class Scholars Foundation tax-deductible?
World Class Scholars Foundation is registered as a tax-exempt nonprofit (EIN: 823047978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is World Class Scholars Foundation located?
World Class Scholars Foundation is headquartered in Greenville, South Carolina and files with the IRS under EIN 823047978.
How many years of IRS 990 filings does World Class Scholars Foundation have?
World Class Scholars Foundation has 3 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 $100K in total revenue.
Filing History
IRS 990 filing history for World Class Scholars Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), World Class Scholars Foundation's revenue has declined by 77.5%, moving from $200K to $45K. Total assets decreased by 70.6% over the same period, from $99K to $29K. Total functional expenses rose by 14.2%, from $129K to $147K. In its most recent filing year (2023), World Class Scholars Foundation reported a deficit of $102K, with expenses exceeding revenue. The organization holds $149K in liabilities against $29K in assets (debt-to-asset ratio: 511.8%), resulting in net assets of $-119,888.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $147K | $29K | $149K | — | — |
| 2022 | $1 | $94K | $34K | $51K | — | — |
| 2021 | $200K | $129K | $99K | $23K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $147K, and assets of $29K (revenue +4496700.0% year-over-year).
- 2022: Revenue of $1, expenses of $94K, and assets of $34K (revenue -100.0% year-over-year).
- 2021: Revenue of $200K, expenses of $129K, and assets of $99K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for World Class Scholars Foundation:
Data Sources and Methodology
This transparency report for World Class Scholars Foundation 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.