Atlanta Educational Services Inc
Atlanta Educational Services Inc. reports $942,513 in revenue but only $500 in assets, with historical inconsistent expense reporting.
EIN: 142005840 · Atlanta, GA · NTEE: B19 · Updated: 2026-03-28
Is Atlanta Educational Services Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Atlanta Educational Services Inc
Atlanta Educational Services Inc (EIN: 142005840) is a nonprofit organization based in Atlanta, GA, classified under NTEE code B19. The organization reported total revenue of $943K and total assets of $500 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlanta Educational Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atlanta Educational Services Inc with a Mission Score of 10 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.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Atlanta Educational Services Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
No officer compensation has been reported across all nine available IRS 990 filings, despite the organization reporting significant revenue, which is highly unusual for an organization of its stated size and activity.
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 Atlanta Educational Services Inc's IRS 990 filings:
- Extremely low reported assets ($500) compared to recent revenue ($942,513).
- Inconsistent expense reporting, with $0 expenses in multiple historical filings.
- No officer compensation reported across all nine filings despite significant revenue.
- Dramatic decrease in assets from over $700,000 historically to $500 currently.
- Inability to determine spending efficiency due to inconsistent and incomplete expense data.
Frequently Asked Questions about Atlanta Educational Services Inc
Is Atlanta Educational Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Atlanta Educational Services Inc (EIN: 142005840) significant concerns. Mission Score: 10/100. 5 red flags identified, 0 strengths noted.
How does Atlanta Educational Services Inc spend its money?
Detailed spending breakdown data is not yet available for Atlanta Educational Services Inc. Check back for updated IRS 990 analysis.
Are donations to Atlanta Educational Services Inc tax-deductible?
Atlanta Educational Services Inc is registered as a tax-exempt nonprofit (EIN: 142005840). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why are current assets reported as only $500 despite recent revenue of $942,513?
The significant disparity between current revenue and reported assets ($942,513 revenue vs. $500 assets) is a major financial inconsistency that requires clarification. It suggests potential issues with asset management, financial reporting, or significant liabilities not detailed in the provided data.
Why were expenses reported as $0 in multiple filing periods (2014, 2011, 2010, 2009)?
Reporting zero expenses for an active nonprofit over multiple years is highly unusual and suggests either a lack of operational activity during those periods, or more likely, incomplete or inaccurate financial reporting on the IRS 990 forms.
Is there any executive compensation not reported in the 'Officer Comp' section?
Given that no officer compensation has been reported across all nine filings, it's crucial to understand if executives are compensated through other means (e.g., as independent contractors, through related entities) or if the organization genuinely operates without paid leadership, which would be rare for an organization with nearly $1M in revenue.
What happened to the organization's assets, which were previously over $700,000?
The dramatic decrease in reported assets from $739,499 in 2017 to $500 currently is a significant concern. This indicates a substantial loss or transfer of assets that warrants detailed explanation to understand the organization's financial stability and stewardship.
Filing History
IRS 990 filing history for Atlanta Educational Services Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2009–2017), Atlanta Educational Services Inc's revenue has grown by 2614.6%, moving from $18K to $489K. Total assets increased by 788.3% over the same period, from $83K to $739K. In its most recent filing year (2017), Atlanta Educational Services Inc reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2017 | $489K | $489K | $739K | $0 | — | View 990 |
| 2016 | $468K | $481K | $739K | $0 | — | — |
| 2015 | $468K | $483K | $752K | $0 | — | View 990 |
| 2014 | $201K | $0 | $767K | $0 | — | View 990 |
| 2013 | $149K | $134K | $567K | $0 | — | View 990 |
| 2012 | $222K | $35K | $552K | $0 | — | View 990 |
| 2011 | $220K | $0 | $365K | $0 | — | View 990 |
| 2010 | $62K | $0 | $145K | $0 | — | View 990 |
| 2009 | $18K | $0 | $83K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $489K, expenses of $489K, and assets of $739K (revenue +4.4% year-over-year).
- 2016: Revenue of $468K, expenses of $481K, and assets of $739K (revenue +0.0% year-over-year).
- 2015: Revenue of $468K, expenses of $483K, and assets of $752K (revenue +133.4% year-over-year).
- 2014: Revenue of $201K, expenses of $0, and assets of $767K (revenue +34.5% year-over-year).
- 2013: Revenue of $149K, expenses of $134K, and assets of $567K (revenue -32.9% year-over-year).
- 2012: Revenue of $222K, expenses of $35K, and assets of $552K (revenue +1.1% year-over-year).
- 2011: Revenue of $220K, expenses of $0, and assets of $365K (revenue +257.6% year-over-year).
- 2010: Revenue of $62K, expenses of $0, and assets of $145K (revenue +241.7% year-over-year).
- 2009: Revenue of $18K, expenses of $0, and assets of $83K.
Data Sources and Methodology
This transparency report for Atlanta Educational Services 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.