Discrepancy between 'Latest Assets' provided and 2023 filing's reported assets ($27.7M vs $3.2M)
Expenses ($7,622,745) exceeded revenue ($7,322,706) in the 2023 filing period
Consistent 0% reported officer compensation, which is unusual for an organization of this scale and could obscure true leadership costs.
Strengths
Consistent and significant revenue growth over the past decade, from $180,587 in 2011 to over $7.3 million in 2023.
Strong asset growth over time, indicating increasing financial capacity (though the latest asset figure needs clarification).
Expenses generally track revenue, suggesting active program delivery and utilization of funds for mission-related activities.
Spending Breakdown
How Education Explosion Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Education Explosion Inc
Is Education Explosion Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Education Explosion Inc (EIN: 211323630) appears trustworthy. Mission Score: 80/100. 3 red flags identified, 3 strengths noted.
Is Education Explosion Inc a good charity to donate to?
Education Explosion Inc has a Mission Score of 80/100. Revenue: $7.5M. Assets: $27.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Education Explosion Inc?
The Employer Identification Number (EIN) for Education Explosion Inc is 211323630. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Education Explosion Inc spend its money?
Education Explosion Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Education Explosion Inc's tax-exempt status?
You can verify Education Explosion Inc's tax-exempt status using EIN 211323630 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Education Explosion Inc. demonstrates a strong and consistent growth trajectory in revenue, increasing from $180,587 in 2011 to over $7.3 million in 2023. This growth is generally matched by expenses, indicating active program delivery. The organization's assets have also seen significant growth, reaching $27.7 million, which is a substantial increase from previous years, though the latest filing shows assets at $3.2 million. This discrepancy between the provided 'Latest Assets' and the 2023 filing's assets warrants further investigation to understand the full financial picture. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs.
Spending efficiency appears to be reasonable, with expenses generally tracking closely with revenue, indicating that most funds are being utilized for operations rather than accumulating excessive surpluses or deficits, though the 2023 period shows expenses ($7,622,745) exceeding revenue ($7,322,706). The absence of reported officer compensation is a notable point for transparency, as it could either be a strength (low overhead) or a potential area for deeper inquiry if executive functions are being performed without clear compensation reporting. The significant jump in 'Latest Assets' compared to the 2023 filing's reported assets is a key area for clarification to fully assess financial health and asset management.