Academic Institute Of Central Carolina Inc
EIN: 274115066 · Charlotte, NC · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Net Assets | $37K |
Is Academic Institute Of Central Carolina 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 Institute Of Central Carolina Inc
Academic Institute Of Central Carolina Inc (EIN: 274115066) is a nonprofit organization based in Charlotte, NC, classified under NTEE code B90. The organization reported total revenue of $1.3M and total assets of $272K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Academic Institute Of Central Carolina Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Academic Institute Of Central Carolina Inc is a mid-size nonprofit that has been operating for 16 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 24.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-61,945 |
| Total Assets | $37K |
| Net Assets | $37K |
| Operating Margin | -4.6% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2023, Academic Institute Of Central Carolina Inc reported a deficit of $62K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2015–2023), Academic Institute Of Central Carolina Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.4% | +9.5% | -62.3% |
| 2022 | -17.7% | +9.6% | -56.5% |
| 2021 | +12.2% | -6.6% | — |
| 2020 | +15.4% | +25.6% | -103.8% |
| 2019 | -1.7% | +2.3% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Academic Institute Of Central Carolina 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 Institute Of Central Carolina 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $62K, with expenses exceeding revenue.
Frequently Asked Questions about Academic Institute Of Central Carolina Inc
Is Academic Institute Of Central Carolina Inc a legitimate charity?
Academic Institute Of Central Carolina Inc (EIN: 274115066) is a registered tax-exempt nonprofit based in North Carolina. It has 9 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: C.
How does Academic Institute Of Central Carolina Inc spend its money?
Academic Institute Of Central Carolina Inc reported $1.3M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Academic Institute Of Central Carolina Inc tax-deductible?
Academic Institute Of Central Carolina Inc is registered as a tax-exempt nonprofit (EIN: 274115066). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Academic Institute Of Central Carolina Inc located?
Academic Institute Of Central Carolina Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 274115066. It is classified under NTEE code B90.
How many years of IRS 990 filings does Academic Institute Of Central Carolina Inc have?
Academic Institute Of Central Carolina Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for Academic Institute Of Central Carolina Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Academic Institute Of Central Carolina Inc's revenue has grown by 479.9%, moving from $230K to $1.3M. Total assets increased by 3024.2% over the same period, from $1K to $37K. Total functional expenses rose by 506.8%, from $230K to $1.4M. In its most recent filing year (2023), Academic Institute Of Central Carolina Inc reported a deficit of $62K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $37K | $0 | — | — |
| 2022 | $1.1M | $1.3M | $99K | $0 | — | — |
| 2021 | $1.4M | $1.2M | $228K | $0 | — | View 990 |
| 2020 | $1.2M | $1.2M | $-4,508 | $0 | — | — |
| 2019 | $1.1M | $990K | $119K | $0 | — | View 990 |
| 2018 | $1.1M | $968K | $127K | $0 | — | View 990 |
| 2017 | $579K | $507K | $42K | $0 | — | — |
| 2016 | $215K | $215K | $537 | $0 | — | View 990 |
| 2015 | $230K | $230K | $1K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $37K (revenue +16.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.3M, and assets of $99K (revenue -17.7% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $228K (revenue +12.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $-4,508 (revenue +15.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $990K, and assets of $119K (revenue -1.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $968K, and assets of $127K (revenue +89.0% year-over-year).
- 2017: Revenue of $579K, expenses of $507K, and assets of $42K (revenue +169.6% year-over-year).
- 2016: Revenue of $215K, expenses of $215K, and assets of $537 (revenue -6.7% year-over-year).
- 2015: Revenue of $230K, expenses of $230K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Academic Institute Of Central Carolina Inc:
Data Sources and Methodology
This transparency report for Academic Institute Of Central Carolina 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.