Quick charity verification for Education Reform Now Inc (EIN: 203687838)
Verdict: Education Reform Now Inc appears trustworthy
88/100Mission Score
$6.4MRevenue
$9.4MAssets
3Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation, which is atypical for an organization of this size and could indicate compensation through other means or entities not transparently reported.
Significant year-over-year revenue volatility (e.g., $19.9M in 2022 down to $10.4M in 2023), which can make long-term financial planning challenging.
Expenses exceeding revenue in the most recent filing (2023), leading to a decrease in net assets.
Strengths
Strong asset base ($17.5 million in 2023) providing financial resilience.
Low liabilities relative to assets, indicating good solvency.
Consistent filing of IRS Form 990s, demonstrating transparency.
Implied high program spending efficiency due to zero reported officer compensation, suggesting funds are directed to mission.
Spending Breakdown
How Education Reform Now 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 Reform Now Inc
Is Education Reform Now Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Education Reform Now Inc (EIN: 203687838) appears trustworthy. Mission Score: 88/100. 3 red flags identified, 4 strengths noted.
Is Education Reform Now Inc a good charity to donate to?
Education Reform Now Inc has a Mission Score of 88/100. Revenue: $6.4M. Assets: $9.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Education Reform Now Inc?
The Employer Identification Number (EIN) for Education Reform Now Inc is 203687838. 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 Reform Now Inc spend its money?
Education Reform Now Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Education Reform Now Inc's tax-exempt status?
You can verify Education Reform Now Inc's tax-exempt status using EIN 203687838 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 Reform Now Inc. demonstrates a fluctuating but generally strong financial position over the past decade. While revenue has varied significantly, from a low of $5.7 million in 2018 to a high of nearly $20 million in 2022, the organization has consistently maintained substantial assets, reaching a peak of almost $20 million in 2022. The most recent filing (2023) shows a deficit where expenses ($12.9 million) exceeded revenue ($10.4 million), leading to a decrease in assets from the previous year. However, the organization's liabilities remain relatively low compared to its assets, indicating good solvency.
The organization's spending efficiency appears to be robust, with a consistent focus on program activities. The absence of reported officer compensation across all filings suggests a commitment to directing funds towards its mission rather than executive salaries, which is a strong indicator of financial health and donor trust. The significant asset base provides a buffer against revenue fluctuations and supports long-term sustainability.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is commendable. The zero reported officer compensation is a notable aspect, though further detail on how leadership is compensated (if at all, e.g., through related entities or other means not captured in 'officer compensation') would enhance full transparency. Overall, the organization appears to be well-managed financially, with a clear dedication to its programmatic goals.