Anniston Community Education Foundation
Anniston Community Education Foundation faces long-term asset decline despite recent revenue surge.
EIN: 200659350 · Anniston, AL · NTEE: T23 · Updated: 2026-03-28
Is Anniston Community Education Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Anniston Community Education Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Anniston Community Education Foundation
Anniston Community Education Foundation (EIN: 200659350) is a nonprofit organization based in Anniston, AL, classified under NTEE code T23. The organization reported total revenue of $35K and total assets of $718K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anniston Community Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Anniston Community Education Foundation is a micro nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $168K |
| Surplus / Deficit | +$10K |
| Total Assets | $799K |
| Total Liabilities | $15K |
| Net Assets | $783K |
| Operating Margin | 5.8% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 56.9 months |
Financial Health Grade: A
In 2023, Anniston Community Education Foundation reported a surplus of $10K with revenue exceeding expenses, holds 56.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Anniston Community Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +593.3% | -4.5% | +0.6% |
| 2022 | -25.6% | +66.7% | -14.7% |
| 2021 | -64.3% | -19.2% | -7.4% |
| 2020 | +88.0% | -37.0% | -3.4% |
| 2019 | +138.6% | -13.3% | -9.1% |
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 Anniston Community Education Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Anniston Community Education Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $10K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is a positive sign for donor confidence and resource allocation.
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 Anniston Community Education Foundation's IRS 990 filings:
- Consistent deficit spending in most years (e.g., 2022: $25,795 revenue vs. $176,307 expenses)
- Significant and continuous decline in total assets over the past decade (from $1.87M in 2014 to $798K in 2023)
- Highly volatile revenue streams, making financial planning challenging
Strengths
The following positive indicators were identified for Anniston Community Education Foundation:
- No officer compensation reported, indicating volunteer leadership and efficient use of funds for personnel costs.
- Positive net income in the most recent filing (2023), showing a potential turnaround in financial management.
- Low liabilities relative to assets, suggesting a healthy balance sheet in terms of debt.
Frequently Asked Questions about Anniston Community Education Foundation
Is Anniston Community Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Anniston Community Education Foundation (EIN: 200659350) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Anniston Community Education Foundation spend its money?
Anniston Community Education Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Anniston Community Education Foundation tax-deductible?
Anniston Community Education Foundation is registered as a tax-exempt nonprofit (EIN: 200659350). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Anniston Community Education Foundation financially sustainable?
The organization's financial sustainability is questionable given the consistent trend of expenses exceeding revenue in most years and the significant decline in assets from $1.87 million in 2014 to $798,864 in 2023. While 2023 showed a positive net income, it's an exception to a long-term pattern of deficit spending.
What caused the significant asset decline?
The asset decline appears to be primarily driven by the organization consistently spending more than it brings in through revenue for most of the past decade. For example, in 2015, expenses were $385,937 against revenue of $122,672, contributing to the depletion of reserves.
How does the organization fund its operations without officer compensation?
The organization operates without paying officer compensation, which means its leadership likely serves in a volunteer capacity. This allows more of its revenue to be directed towards program services and administrative costs.
What was the reason for the large revenue spike in 2014?
In 2014, the organization reported a revenue of $654,189, which is significantly higher than any other year. Without further detail from the 990 filing, it's difficult to pinpoint the exact reason, but it could be due to a large one-time grant, a major fundraising event, or a significant donation.
Filing History
IRS 990 filing history for Anniston Community Education Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Anniston Community Education Foundation's revenue has declined by 70.9%, moving from $614K to $179K. Total assets decreased by 51.7% over the same period, from $1.7M to $799K. Total functional expenses fell by 55.6%, from $379K to $168K. In its most recent filing year (2023), Anniston Community Education Foundation reported a surplus of $10K, with revenue exceeding expenses. The organization holds $15K in liabilities against $799K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $783K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $168K | $799K | $15K | — | — |
| 2022 | $26K | $176K | $794K | $15K | — | — |
| 2021 | $35K | $106K | $931K | $1K | — | View 990 |
| 2020 | $97K | $131K | $1.0M | $5K | — | — |
| 2019 | $52K | $208K | $1.0M | $2K | — | View 990 |
| 2018 | $22K | $240K | $1.1M | $977 | — | View 990 |
| 2017 | $75K | $196K | $1.4M | $6K | — | — |
| 2016 | $78K | $193K | $1.5M | $4K | — | View 990 |
| 2015 | $123K | $386K | $1.6M | $1K | — | View 990 |
| 2014 | $654K | $516K | $1.9M | $5K | — | View 990 |
| 2013 | $660K | $541K | $1.8M | $4K | — | View 990 |
| 2012 | $614K | $379K | $1.7M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $168K, and assets of $799K (revenue +593.3% year-over-year).
- 2022: Revenue of $26K, expenses of $176K, and assets of $794K (revenue -25.6% year-over-year).
- 2021: Revenue of $35K, expenses of $106K, and assets of $931K (revenue -64.3% year-over-year).
- 2020: Revenue of $97K, expenses of $131K, and assets of $1.0M (revenue +88.0% year-over-year).
- 2019: Revenue of $52K, expenses of $208K, and assets of $1.0M (revenue +138.6% year-over-year).
- 2018: Revenue of $22K, expenses of $240K, and assets of $1.1M (revenue -71.3% year-over-year).
- 2017: Revenue of $75K, expenses of $196K, and assets of $1.4M (revenue -3.8% year-over-year).
- 2016: Revenue of $78K, expenses of $193K, and assets of $1.5M (revenue -36.1% year-over-year).
- 2015: Revenue of $123K, expenses of $386K, and assets of $1.6M (revenue -81.2% year-over-year).
- 2014: Revenue of $654K, expenses of $516K, and assets of $1.9M (revenue -0.9% year-over-year).
- 2013: Revenue of $660K, expenses of $541K, and assets of $1.8M (revenue +7.5% year-over-year).
- 2012: Revenue of $614K, expenses of $379K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Anniston Community Education Foundation:
Data Sources and Methodology
This transparency report for Anniston Community Education Foundation 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.