Academic Development Institute Inc
EIN: 371153267 · Lincoln, IL · NTEE: P41Z
Is Academic Development Institute Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Academic Development Institute Inc
Academic Development Institute Inc (EIN: 371153267) is a nonprofit organization based in Lincoln, IL, classified under NTEE code P41Z. The organization reported total revenue of $1.6M and total assets of $785K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Academic Development Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Academic Development Institute Inc is a mid-size nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-381,606 |
| Total Assets | $921K |
| Total Liabilities | $185K |
| Net Assets | $736K |
| Operating Margin | -13.9% |
| Debt-to-Asset Ratio | 20.1% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2024, Academic Development Institute Inc reported a deficit of $382K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 20.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Academic Development Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -21.6% | -12.3% | -37.2% |
| 2023 | +16.1% | +13.9% | +8.2% |
| 2022 | +13.9% | +40.6% | -4.3% |
| 2021 | +14.0% | +5.9% | +43.7% |
| 2020 | -10.8% | -3.4% | +26.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Academic Development Institute Inc 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 Academic Development Institute Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $382K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.1%.
Frequently Asked Questions about Academic Development Institute Inc
Is Academic Development Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Academic Development Institute Inc (EIN: 371153267) insufficient data. 0 red flags identified, 0 strengths noted.
How does Academic Development Institute Inc spend its money?
Detailed spending breakdown data is not yet available for Academic Development Institute Inc. Check back for updated IRS 990 analysis.
Are donations to Academic Development Institute Inc tax-deductible?
Academic Development Institute Inc is registered as a tax-exempt nonprofit (EIN: 371153267). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Academic Development Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Academic Development Institute Inc's revenue has grown by 11.3%, moving from $2.5M to $2.7M. Total assets increased by 34.4% over the same period, from $686K to $921K. Total functional expenses rose by 21.9%, from $2.6M to $3.1M. In its most recent filing year (2024), Academic Development Institute Inc reported a deficit of $382K, with expenses exceeding revenue. The organization holds $185K in liabilities against $921K in assets (debt-to-asset ratio: 20.1%), resulting in net assets of $736K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.7M | $3.1M | $921K | $185K | — | View 990 |
| 2023 | $3.5M | $3.6M | $1.5M | $350K | — | View 990 |
| 2022 | $3.0M | $3.1M | $1.4M | $173K | — | View 990 |
| 2021 | $2.6M | $2.2M | $1.4M | $119K | — | View 990 |
| 2020 | $2.3M | $2.1M | $986K | $109K | — | View 990 |
| 2019 | $2.6M | $2.2M | $781K | $126K | — | View 990 |
| 2018 | $2.1M | $2.2M | $428K | $201K | — | View 990 |
| 2017 | $2.1M | $1.9M | $441K | $174K | — | View 990 |
| 2016 | $1.9M | $1.9M | $406K | $274K | — | View 990 |
| 2015 | $2.2M | $2.2M | $438K | $268K | — | View 990 |
| 2014 | $2.8M | $2.8M | $453K | $286K | — | View 990 |
| 2013 | $1.9M | $2.2M | $540K | $320K | — | View 990 |
| 2012 | $2.5M | $2.6M | $686K | $112K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.7M, expenses of $3.1M, and assets of $921K (revenue -21.6% year-over-year).
- 2023: Revenue of $3.5M, expenses of $3.6M, and assets of $1.5M (revenue +16.1% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.1M, and assets of $1.4M (revenue +13.9% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.2M, and assets of $1.4M (revenue +14.0% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.1M, and assets of $986K (revenue -10.8% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.2M, and assets of $781K (revenue +21.2% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.2M, and assets of $428K (revenue +3.9% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.9M, and assets of $441K (revenue +7.8% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $406K (revenue -12.2% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.2M, and assets of $438K (revenue -21.0% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.8M, and assets of $453K (revenue +47.6% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.2M, and assets of $540K (revenue -24.0% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.6M, and assets of $686K.
Data Sources and Methodology
This transparency report for Academic Development Institute 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.