Brazos Education Lending Corporation
Brazos Education Lending Corporation frequently operates at a deficit, with expenses exceeding revenue in four of the last six periods.
EIN: 203870081 · Waco, TX · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| Net Assets | $-443,051 |
| Transparency Score | 75/100 |
Is Brazos Education Lending Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brazos Education Lending Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brazos Education Lending Corporation
Brazos Education Lending Corporation (EIN: 203870081) is a nonprofit organization based in Waco, TX, classified under NTEE code B82. The organization reported total revenue of $3.2M and total assets of $17.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brazos Education Lending Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brazos Education Lending Corporation is a mid-size nonprofit that has been operating for 20 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 95.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $757K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-454,078 |
| Total Assets | $14.5M |
| Total Liabilities | $15.0M |
| Net Assets | $-443,051 |
| Operating Margin | -60.0% |
| Debt-to-Asset Ratio | 103.1% |
| Months of Reserves | 143.7 months |
Financial Health Grade: C
In 2023, Brazos Education Lending Corporation reported a deficit of $454K with expenses exceeding revenue, holds 143.7 months of operating reserves (strong position), has a debt-to-asset ratio of 103.1% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Brazos Education Lending Corporation's revenue has grown at a compound annual growth rate (CAGR) of 95.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +70.5% | +328.4% |
| 2022 | -18.1% | +0.7% | +43.8% |
| 2021 | -31.5% | -44.8% | -71.8% |
| 2020 | +156.7% | +131.2% | -47.8% |
| 2019 | +1765.8% | +455.7% | +413.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Brazos Education Lending Corporation with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Brazos Education Lending Corporation 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 deficit of $454K, with expenses exceeding revenue.
- Debt-to-asset ratio: 103.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all six recent filings, indicating that no compensation was paid to officers, which is a strong positive for minimizing administrative costs relative to the organization's size and 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 Brazos Education Lending Corporation's IRS 990 filings:
- Expenses frequently exceed revenue, indicating recurring operational deficits (e.g., $1,211,418 expenses vs. $757,340 revenue in 202306).
- Significant fluctuations in assets and liabilities over short periods, which could indicate volatility in its lending portfolio or financial management.
Strengths
The following positive indicators were identified for Brazos Education Lending Corporation:
- Consistent 0% officer compensation across all reported periods, demonstrating a commitment to minimizing executive overhead.
- Regular filing of IRS 990 forms, indicating transparency in financial reporting.
- Substantial asset base (latest reported $17,922,453) provides a foundation for its lending activities.
Frequently Asked Questions about Brazos Education Lending Corporation
Is Brazos Education Lending Corporation a legitimate charity?
Brazos Education Lending Corporation (EIN: 203870081) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 75/100. It has 6 years of IRS 990 filings on record. Total revenue: $3.2M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Brazos Education Lending Corporation spend its money?
Brazos Education Lending Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Brazos Education Lending Corporation tax-deductible?
Brazos Education Lending Corporation is registered as a tax-exempt nonprofit (EIN: 203870081). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Brazos Education Lending Corporation's spending goes to programs?
Brazos Education Lending Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brazos Education Lending Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Brazos Education Lending Corporation is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brazos Education Lending Corporation located?
Brazos Education Lending Corporation is headquartered in Waco, Texas and files with the IRS under EIN 203870081. It is classified under NTEE code B82.
How many years of IRS 990 filings does Brazos Education Lending Corporation have?
Brazos Education Lending Corporation has 6 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 $3.2M in total revenue.
Is Brazos Education Lending Corporation financially sustainable given its recurring deficits?
The organization has reported expenses exceeding revenue in four of the last six periods, including a significant deficit of $454,078 in 202306. This trend raises questions about its long-term financial sustainability without additional funding or a change in operational model.
What is the primary source of funding for Brazos Education Lending Corporation?
While the filings show 'Revenue,' the specific breakdown of this revenue (e.g., interest income, grants, donations) is not detailed in the provided summary. Given its lending nature, interest income from student loans is likely a significant component.
How does Brazos Education Lending Corporation manage its significant liabilities?
The organization consistently reports liabilities close to its assets, for example, $14,952,196 in liabilities against $14,509,145 in assets in 202306. This is typical for a lending institution, where liabilities often represent funds borrowed to issue loans or outstanding loan principal.
Filing History
IRS 990 filing history for Brazos Education Lending Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Brazos Education Lending Corporation's revenue has grown by 2766.5%, moving from $26K to $757K. Total assets increased by 366.8% over the same period, from $3.1M to $14.5M. Total functional expenses rose by 1116.6%, from $100K to $1.2M. In its most recent filing year (2023), Brazos Education Lending Corporation reported a deficit of $454K, with expenses exceeding revenue. The organization holds $15.0M in liabilities against $14.5M in assets (debt-to-asset ratio: 103.1%), resulting in net assets of $-443,051.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $757K | $1.2M | $14.5M | $15.0M | — | View 990 |
| 2022 | $709K | $711K | $3.4M | $3.4M | — | View 990 |
| 2021 | $866K | $706K | $2.4M | $2.3M | — | View 990 |
| 2020 | $1.3M | $1.3M | $8.3M | $8.5M | — | View 990 |
| 2019 | $493K | $553K | $16.0M | $16.1M | — | View 990 |
| 2018 | $26K | $100K | $3.1M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $757K, expenses of $1.2M, and assets of $14.5M (revenue +6.8% year-over-year).
- 2022: Revenue of $709K, expenses of $711K, and assets of $3.4M (revenue -18.1% year-over-year).
- 2021: Revenue of $866K, expenses of $706K, and assets of $2.4M (revenue -31.5% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $8.3M (revenue +156.7% year-over-year).
- 2019: Revenue of $493K, expenses of $553K, and assets of $16.0M (revenue +1765.8% year-over-year).
- 2018: Revenue of $26K, expenses of $100K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brazos Education Lending Corporation:
Data Sources and Methodology
This transparency report for Brazos Education Lending Corporation 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.