Adult Enrichment Services Of Wilkes
Adult Enrichment Services Of Wilkes consistently maintains financial surpluses and growing assets with no reported officer compensation.
EIN: 201935379 · N Wilkesboro, NC · NTEE: P80 · Updated: 2026-03-28
Is Adult Enrichment Services Of Wilkes Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adult Enrichment Services Of Wilkes directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adult Enrichment Services Of Wilkes
Adult Enrichment Services Of Wilkes (EIN: 201935379) is a nonprofit organization based in N Wilkesboro, NC, classified under NTEE code P80. The organization reported total revenue of $1.9M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adult Enrichment Services Of Wilkes's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adult Enrichment Services Of Wilkes is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $717K |
| Total Expenses | $643K |
| Surplus / Deficit | +$74K |
| Total Assets | $2.0M |
| Total Liabilities | $178K |
| Net Assets | $1.8M |
| Operating Margin | 10.3% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 37.1 months |
Financial Health Grade: A
In 2023, Adult Enrichment Services Of Wilkes reported a surplus of $74K with revenue exceeding expenses, holds 37.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Adult Enrichment Services Of Wilkes's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.8% | +19.0% | +4.4% |
| 2022 | -21.0% | +11.9% | +8.9% |
| 2021 | +48.3% | +4.9% | +14.5% |
| 2020 | -14.0% | -12.4% | -0.2% |
| 2019 | -4.8% | +6.3% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adult Enrichment Services Of Wilkes with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Adult Enrichment Services Of Wilkes allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $74K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization with nearly $2 million in assets and over $700,000 in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Adult Enrichment Services Of Wilkes's IRS 990 filings:
- Lack of detailed functional expense breakdown (e.g., program vs. admin) in provided data makes precise efficiency assessment difficult.
- Unusually low liabilities relative to assets in some years (e.g., $17,374 liabilities vs. $1,749,093 assets in 2021) could indicate conservative financial management or minimal debt, but also warrants understanding of funding sources.
Strengths
The following positive indicators were identified for Adult Enrichment Services Of Wilkes:
- Consistent financial surpluses, indicating sound management and sustainability.
- Steady growth in assets over the past decade, demonstrating increasing financial capacity.
- No reported officer compensation, suggesting high efficiency in executive overhead.
- Positive revenue growth in recent years, indicating increasing support or operational scale.
- Low liabilities relative to assets, pointing to financial stability and minimal debt burden.
Frequently Asked Questions about Adult Enrichment Services Of Wilkes
Is Adult Enrichment Services Of Wilkes a legitimate charity?
Based on AI analysis of IRS 990 filings, Adult Enrichment Services Of Wilkes (EIN: 201935379) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Adult Enrichment Services Of Wilkes spend its money?
Adult Enrichment Services Of Wilkes directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Adult Enrichment Services Of Wilkes tax-deductible?
Adult Enrichment Services Of Wilkes is registered as a tax-exempt nonprofit (EIN: 201935379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Adult Enrichment Services Of Wilkes a good charity?
Based on the provided financial data, Adult Enrichment Services Of Wilkes appears to be a financially sound organization with consistent surpluses and growing assets. The lack of reported officer compensation is a notable positive for efficiency, suggesting resources are directed elsewhere. To fully assess if it's a 'good' charity, one would need to evaluate its program effectiveness and impact, which is not covered by financial data alone.
How has the organization's revenue trended over the past few years?
The organization's revenue has shown a positive trend, increasing from $471,419 in 2020 to $716,669 in 2023, indicating growth in its financial capacity.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's top leadership is either entirely volunteer-based or compensated through non-officer roles, which can lead to greater efficiency in resource allocation towards programs rather than administrative salaries.
Are the organization's assets growing?
Yes, the organization's assets have shown consistent growth, increasing from $1,527,062 in 2020 to $1,989,465 in 2023, indicating financial stability and accumulation of resources.
Filing History
IRS 990 filing history for Adult Enrichment Services Of Wilkes showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Adult Enrichment Services Of Wilkes's revenue has grown by 97.6%, moving from $363K to $717K. Total assets increased by 57.1% over the same period, from $1.3M to $2.0M. Total functional expenses rose by 39.2%, from $462K to $643K. In its most recent filing year (2023), Adult Enrichment Services Of Wilkes reported a surplus of $74K, with revenue exceeding expenses. The organization holds $178K in liabilities against $2.0M in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $717K | $643K | $2.0M | $178K | — | — |
| 2022 | $552K | $540K | $1.9M | $198K | — | View 990 |
| 2021 | $699K | $483K | $1.7M | $17K | — | View 990 |
| 2020 | $471K | $460K | $1.5M | $11K | — | View 990 |
| 2019 | $548K | $526K | $1.5M | $26K | — | View 990 |
| 2018 | $576K | $495K | $1.5M | $19K | — | View 990 |
| 2017 | $498K | $477K | $1.4M | $18K | — | View 990 |
| 2016 | $510K | $483K | $1.4M | $19K | — | View 990 |
| 2015 | $506K | $445K | $1.4M | $12K | — | View 990 |
| 2014 | $458K | $452K | $1.3M | $18K | — | View 990 |
| 2013 | $444K | $460K | $1.3M | $15K | — | View 990 |
| 2012 | $473K | $423K | $1.3M | $15K | — | View 990 |
| 2011 | $363K | $462K | $1.3M | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $717K, expenses of $643K, and assets of $2.0M (revenue +29.8% year-over-year).
- 2022: Revenue of $552K, expenses of $540K, and assets of $1.9M (revenue -21.0% year-over-year).
- 2021: Revenue of $699K, expenses of $483K, and assets of $1.7M (revenue +48.3% year-over-year).
- 2020: Revenue of $471K, expenses of $460K, and assets of $1.5M (revenue -14.0% year-over-year).
- 2019: Revenue of $548K, expenses of $526K, and assets of $1.5M (revenue -4.8% year-over-year).
- 2018: Revenue of $576K, expenses of $495K, and assets of $1.5M (revenue +15.6% year-over-year).
- 2017: Revenue of $498K, expenses of $477K, and assets of $1.4M (revenue -2.3% year-over-year).
- 2016: Revenue of $510K, expenses of $483K, and assets of $1.4M (revenue +0.6% year-over-year).
- 2015: Revenue of $506K, expenses of $445K, and assets of $1.4M (revenue +10.5% year-over-year).
- 2014: Revenue of $458K, expenses of $452K, and assets of $1.3M (revenue +3.1% year-over-year).
- 2013: Revenue of $444K, expenses of $460K, and assets of $1.3M (revenue -6.1% year-over-year).
- 2012: Revenue of $473K, expenses of $423K, and assets of $1.3M (revenue +30.5% year-over-year).
- 2011: Revenue of $363K, expenses of $462K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Adult Enrichment Services Of Wilkes 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.