Career Development Center Inc
EIN: 320392663 · Danville, VA · NTEE: J22
| Metric | Value |
|---|---|
| Total Revenue | $227K |
| Total Expenses | $421K |
| Net Assets | $514K |
Is Career Development Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Career Development Center Inc
Career Development Center Inc (EIN: 320392663) is a nonprofit organization based in Danville, VA, classified under NTEE code J22. The organization reported total revenue of $227K and total assets of $353K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Career Development Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Career Development Center Inc is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $304K |
| Total Expenses | $421K |
| Surplus / Deficit | $-117,700 |
| Total Assets | $514K |
| Net Assets | $514K |
| Operating Margin | -38.8% |
| Months of Reserves | 14.6 months |
Financial Health Grade: B
In 2023, Career Development Center Inc reported a deficit of $118K with expenses exceeding revenue, holds 14.6 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Career Development Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.9% | +47.1% | -18.6% |
| 2022 | +13.7% | +3.3% | +14.3% |
| 2021 | +22.6% | -1.9% | +8.7% |
| 2020 | -24.5% | -14.3% | -3.9% |
| 2019 | +23.9% | -25.0% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Career Development Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Career Development Center Inc with a Mission Score of 0 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $118K, with expenses exceeding revenue.
Frequently Asked Questions about Career Development Center Inc
Is Career Development Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Career Development Center Inc (EIN: 320392663) insufficient data. 0 red flags identified, 0 strengths noted.
How does Career Development Center Inc spend its money?
Detailed spending breakdown data is not yet available for Career Development Center Inc. Check back for updated IRS 990 analysis.
Are donations to Career Development Center Inc tax-deductible?
Career Development Center Inc is registered as a tax-exempt nonprofit (EIN: 320392663). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Career Development Center Inc located?
Career Development Center Inc is headquartered in Danville, Virginia and files with the IRS under EIN 320392663. It is classified under NTEE code J22.
How many years of IRS 990 filings does Career Development Center Inc have?
Career Development Center Inc has 11 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 $227K in total revenue.
Filing History
IRS 990 filing history for Career Development Center Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Career Development Center Inc's revenue has declined by 45.1%, moving from $553K to $304K. Total assets increased by 188.5% over the same period, from $178K to $514K. Total functional expenses rose by 5.3%, from $400K to $421K. In its most recent filing year (2023), Career Development Center Inc reported a deficit of $118K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $304K | $421K | $514K | $0 | — | View 990 |
| 2022 | $365K | $286K | $632K | $0 | — | View 990 |
| 2021 | $321K | $277K | $553K | $0 | — | — |
| 2020 | $262K | $283K | $509K | $0 | — | — |
| 2019 | $347K | $330K | $529K | $0 | — | View 990 |
| 2018 | $280K | $440K | $512K | $0 | — | View 990 |
| 2017 | $605K | $444K | $687K | $15K | — | View 990 |
| 2016 | $571K | $473K | $511K | $0 | — | View 990 |
| 2015 | $566K | $477K | $413K | $0 | — | View 990 |
| 2014 | $520K | $375K | $324K | $0 | — | View 990 |
| 2013 | $553K | $400K | $178K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $304K, expenses of $421K, and assets of $514K (revenue -16.9% year-over-year).
- 2022: Revenue of $365K, expenses of $286K, and assets of $632K (revenue +13.7% year-over-year).
- 2021: Revenue of $321K, expenses of $277K, and assets of $553K (revenue +22.6% year-over-year).
- 2020: Revenue of $262K, expenses of $283K, and assets of $509K (revenue -24.5% year-over-year).
- 2019: Revenue of $347K, expenses of $330K, and assets of $529K (revenue +23.9% year-over-year).
- 2018: Revenue of $280K, expenses of $440K, and assets of $512K (revenue -53.7% year-over-year).
- 2017: Revenue of $605K, expenses of $444K, and assets of $687K (revenue +6.1% year-over-year).
- 2016: Revenue of $571K, expenses of $473K, and assets of $511K (revenue +0.9% year-over-year).
- 2015: Revenue of $566K, expenses of $477K, and assets of $413K (revenue +8.7% year-over-year).
- 2014: Revenue of $520K, expenses of $375K, and assets of $324K (revenue -6.0% year-over-year).
- 2013: Revenue of $553K, expenses of $400K, and assets of $178K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Career Development Center Inc:
Data Sources and Methodology
This transparency report for Career Development Center 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.