David M Carmines Memorial Foundation is a 501(c)(3) organization based in Hilton Head, South Carolina, registered in 2006, with $189,623 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$190K
▼ 5.2% vs prior year
Medical Research median: $217K
Expenses (FY2024)
$185K
Net assets
$46K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for David M Carmines Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For David M Carmines Memorial Foundation: 3 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for David M Carmines Memorial Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For David M Carmines Memorial Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $26K (FY2011) to $190K (FY2024) across 14 reported years.
Financial snapshot
Operating margin
2.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$172K
Total liabilities
$125K
Net assets
$46K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $189,623▼5.2% | $184,571▲12.9% | $46,226▲12.3% | $171,669▲80.0% | 990 |
| 2023 | $200,119▲111% | $163,518▲15.8% | $41,174▲800% | $95,360▼21.7% | 990 |
| 2022 | $94,699▲25.9% | $141,228▲6.3% | $4,573▼91.1% | $121,773▲1.8% | 990 |
| 2021 | $75,196▼48.0% | $132,835▲45.3% | $51,102▼53.0% | $119,665▲10.0% | 990 |
| 2020 | $144,726▼31.0% | $91,452▼56.9% | $108,741▲96.0% | $108,741▼9.6% | 990 |
| 2019 | $209,735▲2.8% | $212,367▲19.3% | $55,468▼4.5% | $120,334▲88.6% | 990 |
| 2018 | $204,005▲189% | $178,025▲118% | $58,100▲80.9% | $63,799▲98.6% | 990 |
| 2017 | $70,604▼19.4% | $81,683▲19.7% | $32,120▼25.6% | $32,120▼25.6% | 990 |
| 2016 | $87,570▲58.8% | $68,266▲22.9% | $43,199▲80.8% | $43,199▲80.8% | 990EZ |
| 2015 | $55,162▲20.9% | $55,550▲37.4% | $23,894▼1.6% | $23,894▼1.6% | 990EZ |
| 2014 | $45,635▲0.5% | $40,425▲3.8% | $24,282▲27.3% | $24,282▲27.3% | 990EZ |
| 2013 | $45,387▲28.1% | $38,949▼23.6% | $19,072▲51.0% | $19,072▲51.0% | 990EZ |
| 2012 | $35,443▲35.4% | $51,005▲165% | $12,634▼55.2% | $12,634▼55.2% | 990EZ |
| 2011 | $26,170 | $19,212 | $28,196 | $28,196 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for David M Carmines Memorial Foundation (EIN 42-2454608) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.