African Community Education Program
African Community Education Program shows strong revenue growth and asset accumulation with 0% officer compensation.
EIN: 141970474 · Worcester, MA · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $8.8M |
| Transparency Score | 90/100 |
Is African Community Education Program Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
African Community Education Program directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About African Community Education Program
African Community Education Program (EIN: 141970474) is a nonprofit organization based in Worcester, MA, classified under NTEE code P40. The organization reported total revenue of $2.6M and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African Community Education Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African Community Education Program is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 37.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$4.5M |
| Total Assets | $9.1M |
| Total Liabilities | $283K |
| Net Assets | $8.8M |
| Operating Margin | 67.6% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 50.5 months |
Financial Health Grade: A
In 2023, African Community Education Program reported a surplus of $4.5M with revenue exceeding expenses, holds 50.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), African Community Education Program's revenue has grown at a compound annual growth rate (CAGR) of 37.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.2% | +50.7% | +109.1% |
| 2022 | +170.6% | +87.2% | +240.8% |
| 2021 | +167.4% | +24.4% | +176.0% |
| 2020 | +27.5% | +8.7% | +27.5% |
| 2019 | +6.8% | +18.2% | -18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 African Community Education Program with a Mission Score of 90 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, African Community Education Program 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 $4.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or receive no reportable compensation, which is highly unusual for an organization of its size with over $6 million in 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 African Community Education Program's IRS 990 filings:
- Unusually high revenue growth in recent years may warrant closer examination of funding sources to ensure sustainability and diversity.
- Consistent 0% officer compensation for an organization with over $6 million in revenue is highly unusual and might suggest alternative compensation structures not captured in this metric, or a fully volunteer leadership.
Strengths
The following positive indicators were identified for African Community Education Program:
- Exceptional revenue growth, particularly from $1.6M in 2021 to $6.6M in 2023.
- Strong financial health with assets significantly exceeding liabilities ($9.1M assets vs. $282K liabilities in 2023).
- Consistent reporting of 0% officer compensation, indicating a high dedication of funds to programs.
- Positive net income trend, with revenue consistently exceeding expenses in recent years.
- Significant increase in assets, demonstrating effective financial management and accumulation of resources for future programs.
Frequently Asked Questions about African Community Education Program
Is African Community Education Program a legitimate charity?
Based on AI analysis of IRS 990 filings, African Community Education Program (EIN: 141970474) some concerns. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
How does African Community Education Program spend its money?
African Community Education Program directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to African Community Education Program tax-deductible?
African Community Education Program is registered as a tax-exempt nonprofit (EIN: 141970474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the African Community Education Program CEO make?
African Community Education Program's highest-compensated officer earns $6 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of African Community Education Program's spending goes to programs?
African Community Education Program directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does African Community Education Program compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), African Community Education Program is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is African Community Education Program located?
African Community Education Program is headquartered in Worcester, Massachusetts and files with the IRS under EIN 141970474. It is classified under NTEE code P40.
How many years of IRS 990 filings does African Community Education Program have?
African Community Education Program has 13 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 $2.6M in total revenue.
Is African Community Education Program a good charity?
Based on the provided financial data, ACE appears to be a very good charity. It demonstrates strong financial growth, maintains low liabilities, and notably reports 0% officer compensation, suggesting a high dedication of resources to its mission.
How has ACE's revenue grown over time?
ACE has experienced remarkable revenue growth, increasing from $412,331 in 2014 to $6,692,430 in 2023, with a particularly sharp increase in the last two years.
What is the organization's asset-to-liability ratio?
In 2023, ACE's assets were $9,115,212 and liabilities were $282,936, resulting in a very strong asset-to-liability ratio of approximately 32:1, indicating excellent financial stability.
Filing History
IRS 990 filing history for African Community Education Program showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), African Community Education Program's revenue has grown by 4294.6%, moving from $152K to $6.7M. Total assets increased by 11588.3% over the same period, from $78K to $9.1M. Total functional expenses rose by 1225.1%, from $164K to $2.2M. In its most recent filing year (2023), African Community Education Program reported a surplus of $4.5M, with revenue exceeding expenses. The organization holds $283K in liabilities against $9.1M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $8.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $2.2M | $9.1M | $283K | — | View 990 |
| 2022 | $4.5M | $1.4M | $4.4M | $50K | — | View 990 |
| 2021 | $1.7M | $769K | $1.3M | $35K | — | View 990 |
| 2020 | $620K | $618K | $463K | $109K | — | View 990 |
| 2019 | $486K | $569K | $364K | $11K | — | View 990 |
| 2018 | $456K | $481K | $444K | $10K | — | View 990 |
| 2017 | $508K | $498K | $471K | $11K | — | View 990 |
| 2016 | $511K | $470K | $463K | $13K | — | View 990 |
| 2015 | $533K | $375K | $428K | $18K | — | View 990 |
| 2014 | $412K | $370K | $266K | $15K | — | View 990 |
| 2013 | $368K | $292K | $225K | $16K | — | View 990 |
| 2012 | $280K | $217K | $146K | $13K | — | View 990 |
| 2011 | $152K | $164K | $78K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $2.2M, and assets of $9.1M (revenue +49.2% year-over-year).
- 2022: Revenue of $4.5M, expenses of $1.4M, and assets of $4.4M (revenue +170.6% year-over-year).
- 2021: Revenue of $1.7M, expenses of $769K, and assets of $1.3M (revenue +167.4% year-over-year).
- 2020: Revenue of $620K, expenses of $618K, and assets of $463K (revenue +27.5% year-over-year).
- 2019: Revenue of $486K, expenses of $569K, and assets of $364K (revenue +6.8% year-over-year).
- 2018: Revenue of $456K, expenses of $481K, and assets of $444K (revenue -10.3% year-over-year).
- 2017: Revenue of $508K, expenses of $498K, and assets of $471K (revenue -0.6% year-over-year).
- 2016: Revenue of $511K, expenses of $470K, and assets of $463K (revenue -4.2% year-over-year).
- 2015: Revenue of $533K, expenses of $375K, and assets of $428K (revenue +29.4% year-over-year).
- 2014: Revenue of $412K, expenses of $370K, and assets of $266K (revenue +12.1% year-over-year).
- 2013: Revenue of $368K, expenses of $292K, and assets of $225K (revenue +31.5% year-over-year).
- 2012: Revenue of $280K, expenses of $217K, and assets of $146K (revenue +83.8% year-over-year).
- 2011: Revenue of $152K, expenses of $164K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African Community Education Program:
Data Sources and Methodology
This transparency report for African Community Education Program 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.