Candeo Schools Inc
Candeo Schools Inc. shows strong financial growth and zero reported executive compensation over a decade.
EIN: 208654135 · Peoria, AZ · NTEE: B29 · Updated: 2026-03-28
Is Candeo Schools Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Candeo Schools Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Candeo Schools Inc
Candeo Schools Inc (EIN: 208654135) is a nonprofit organization based in Peoria, AZ, classified under NTEE code B29. The organization reported total revenue of $7.3M and total assets of $23.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Candeo Schools Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Candeo Schools Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.0M |
| Total Expenses | $7.2M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $24.0M |
| Total Liabilities | $17.6M |
| Net Assets | $6.4M |
| Operating Margin | 19.8% |
| Debt-to-Asset Ratio | 73.4% |
| Months of Reserves | 40.0 months |
Financial Health Grade: A
In 2023, Candeo Schools Inc reported a surplus of $1.8M with revenue exceeding expenses, holds 40.0 months of operating reserves (strong position), has a debt-to-asset ratio of 73.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Candeo Schools Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +3.5% | +6.4% |
| 2022 | +25.5% | +15.0% | +1.9% |
| 2021 | +35.3% | -3.5% | +2.1% |
| 2020 | +3.9% | +44.3% | +65.0% |
| 2019 | +6.0% | +0.6% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Candeo Schools Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Candeo Schools Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 73.4%.
Executive Compensation Analysis
Candeo Schools Inc. has consistently reported 0% officer compensation across all 13 available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive structure or alternative compensation arrangements not reported as officer compensation.
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 Candeo Schools Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate alternative compensation structures or a fully volunteer executive team not fully transparent in standard reporting.
Strengths
The following positive indicators were identified for Candeo Schools Inc:
- Consistent and strong revenue growth, increasing from $4.9M in 2014 to $8.9M in 2023.
- Significant asset accumulation, nearly doubling from $12.4M in 2014 to $23.9M in 2023.
- Zero reported officer compensation across all 13 filings, indicating a strong commitment to directing funds to the mission.
- Healthy financial surpluses in most recent years, contributing to asset growth and financial stability.
- Strong program focus implied by the absence of executive compensation, suggesting resources are primarily allocated to educational activities.
Frequently Asked Questions about Candeo Schools Inc
Is Candeo Schools Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Candeo Schools Inc (EIN: 208654135) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Candeo Schools Inc spend its money?
Candeo Schools Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Candeo Schools Inc tax-deductible?
Candeo Schools Inc is registered as a tax-exempt nonprofit (EIN: 208654135). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Candeo Schools Inc. financially stable?
Yes, Candeo Schools Inc. appears financially stable, with consistent revenue growth from $4,920,049 in 2014 to $8,978,055 in 2023, and a healthy asset base of $23,986,886 in the latest filing, significantly exceeding its liabilities of $17,603,485.
How has Candeo Schools Inc.'s revenue changed over time?
Candeo Schools Inc. has experienced substantial revenue growth, increasing from $4,920,049 in 2014 to $8,978,055 in 2023, with only one year (2020) showing a slight dip in revenue compared to the previous year.
What is Candeo Schools Inc.'s approach to executive compensation?
Candeo Schools Inc. has reported 0% officer compensation in all 13 available IRS 990 filings, indicating that no compensation is directly paid to its officers, which is a highly transparent and mission-focused approach.
Are Candeo Schools Inc.'s assets growing?
Yes, Candeo Schools Inc.'s assets have shown significant growth, increasing from $12,432,561 in 2014 to $23,986,886 in 2023, nearly doubling over the decade.
Filing History
IRS 990 filing history for Candeo Schools Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Candeo Schools Inc's revenue has grown by 195.3%, moving from $3.0M to $9.0M. Total assets increased by 172.2% over the same period, from $8.8M to $24.0M. Total functional expenses rose by 160.3%, from $2.8M to $7.2M. In its most recent filing year (2023), Candeo Schools Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $17.6M in liabilities against $24.0M in assets (debt-to-asset ratio: 73.4%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.0M | $7.2M | $24.0M | $17.6M | — | — |
| 2022 | $8.4M | $7.0M | $22.5M | $17.9M | — | View 990 |
| 2021 | $6.7M | $6.0M | $22.1M | $19.0M | — | View 990 |
| 2020 | $5.0M | $6.3M | $21.7M | $19.2M | — | View 990 |
| 2019 | $4.8M | $4.3M | $13.1M | $9.4M | — | View 990 |
| 2018 | $4.5M | $4.3M | $13.0M | $9.7M | — | View 990 |
| 2017 | $4.3M | $4.1M | $12.9M | $9.8M | — | View 990 |
| 2016 | $4.4M | $3.8M | $13.2M | $10.3M | — | View 990 |
| 2015 | $4.0M | $3.6M | $12.8M | $10.5M | — | View 990 |
| 2014 | $4.9M | $3.2M | $12.4M | $10.6M | — | View 990 |
| 2013 | $3.2M | $3.1M | $8.8M | $8.6M | — | View 990 |
| 2012 | $3.0M | $3.1M | $8.7M | $8.5M | — | View 990 |
| 2011 | $3.0M | $2.8M | $8.8M | $8.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.0M, expenses of $7.2M, and assets of $24.0M (revenue +6.4% year-over-year).
- 2022: Revenue of $8.4M, expenses of $7.0M, and assets of $22.5M (revenue +25.5% year-over-year).
- 2021: Revenue of $6.7M, expenses of $6.0M, and assets of $22.1M (revenue +35.3% year-over-year).
- 2020: Revenue of $5.0M, expenses of $6.3M, and assets of $21.7M (revenue +3.9% year-over-year).
- 2019: Revenue of $4.8M, expenses of $4.3M, and assets of $13.1M (revenue +6.0% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.3M, and assets of $13.0M (revenue +5.3% year-over-year).
- 2017: Revenue of $4.3M, expenses of $4.1M, and assets of $12.9M (revenue -2.0% year-over-year).
- 2016: Revenue of $4.4M, expenses of $3.8M, and assets of $13.2M (revenue +9.8% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.6M, and assets of $12.8M (revenue -19.0% year-over-year).
- 2014: Revenue of $4.9M, expenses of $3.2M, and assets of $12.4M (revenue +54.9% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.1M, and assets of $8.8M (revenue +7.6% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.1M, and assets of $8.7M (revenue -2.9% year-over-year).
- 2011: Revenue of $3.0M, expenses of $2.8M, and assets of $8.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Candeo Schools Inc:
Data Sources and Methodology
This transparency report for Candeo Schools 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.