Class Education Inc
Class Education Inc maintains stable finances with no executive compensation, despite a minor deficit in 2023.
EIN: 205779302 · Carmel, IN · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $320K |
| Total Expenses | $217K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $677K |
| Transparency Score | 90/100 |
Is Class Education Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Class Education Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Class Education Inc
Class Education Inc (EIN: 205779302) is a nonprofit organization based in Carmel, IN, classified under NTEE code B90. The organization reported total revenue of $320K and total assets of $767K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Class Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Class Education Inc is a small 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 -7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $204K |
| Total Expenses | $217K |
| Surplus / Deficit | $-13,579 |
| Total Assets | $684K |
| Total Liabilities | $7K |
| Net Assets | $677K |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 37.7 months |
Financial Health Grade: B
In 2023, Class Education Inc reported a deficit of $14K with expenses exceeding revenue, holds 37.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Class Education Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.0% | -7.9% | -1.9% |
| 2022 | -28.0% | -4.1% | +2.2% |
| 2021 | +92.0% | -0.2% | +9.4% |
| 2020 | -18.2% | +13.4% | -2.8% |
| 2019 | -42.2% | -31.9% | +-0.0% |
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 Class Education Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Class Education Inc 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 $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for an organization of its size with annual revenues typically ranging from $200,000 to $400,000.
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 Class Education Inc's IRS 990 filings:
- Minor deficit in 2023 ($13,579), where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Class Education Inc:
- Consistent 0% officer compensation across all filings, indicating high dedication of funds to mission.
- Steady growth in assets, from $498,104 in 2014 to $683,563 in 2023.
- Very low liabilities, indicating strong financial stability.
- Consistent filing of IRS 990s, demonstrating high transparency.
Frequently Asked Questions about Class Education Inc
Is Class Education Inc a legitimate charity?
Class Education Inc (EIN: 205779302) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $320K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Class Education Inc spend its money?
Class Education Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Class Education Inc tax-deductible?
Class Education Inc is registered as a tax-exempt nonprofit (EIN: 205779302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Class Education Inc CEO make?
Class Education Inc's highest-compensated officer earns $200,000 annually. The organization reported $320K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Class Education Inc's spending goes to programs?
Class Education Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Class Education Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Class Education Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Class Education Inc located?
Class Education Inc is headquartered in Carmel, Indiana and files with the IRS under EIN 205779302. It is classified under NTEE code B90.
How many years of IRS 990 filings does Class Education Inc have?
Class Education Inc has 13 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 $320K in total revenue.
Is Class Education Inc a good charity?
Based on the available financial data, Class Education Inc appears to be a well-managed charity. It demonstrates strong financial health with growing assets and minimal liabilities, consistent program focus (implied by 0% officer compensation), and high transparency through regular IRS 990 filings.
How has Class Education Inc's revenue trended over the last five years?
Class Education Inc's revenue has fluctuated over the last five years: $217,344 (2019), $177,738 (2020), $341,305 (2021), $245,672 (2022), and $203,836 (2023). While there was a peak in 2021, revenue has generally been in the $200,000-$250,000 range in recent years.
What is the organization's asset growth like?
The organization's assets have shown consistent growth, increasing from $498,104 in 2014 to $683,563 in 2023, indicating sound financial management and accumulation of resources over time.
Filing History
IRS 990 filing history for Class Education Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Class Education Inc's revenue has declined by 58.3%, moving from $489K to $204K. Total assets decreased by 8.3% over the same period, from $745K to $684K. Total functional expenses fell by 64.7%, from $616K to $217K. In its most recent filing year (2023), Class Education Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $7K in liabilities against $684K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $677K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $204K | $217K | $684K | $7K | — | View 990 |
| 2022 | $246K | $236K | $697K | $7K | — | View 990 |
| 2021 | $341K | $246K | $682K | $3K | — | View 990 |
| 2020 | $178K | $247K | $623K | $40K | — | — |
| 2019 | $217K | $218K | $641K | $704 | — | View 990 |
| 2018 | $376K | $319K | $641K | $704 | — | View 990 |
| 2017 | $397K | $347K | $583K | $0 | — | View 990 |
| 2016 | $402K | $333K | $534K | $1 | — | View 990 |
| 2015 | $281K | $309K | $465K | $217 | — | View 990 |
| 2014 | $218K | $284K | $498K | $5K | — | View 990 |
| 2013 | $279K | $335K | $566K | $533 | — | View 990 |
| 2012 | $366K | $487K | $621K | $-221 | — | View 990 |
| 2011 | $489K | $616K | $745K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $204K, expenses of $217K, and assets of $684K (revenue -17.0% year-over-year).
- 2022: Revenue of $246K, expenses of $236K, and assets of $697K (revenue -28.0% year-over-year).
- 2021: Revenue of $341K, expenses of $246K, and assets of $682K (revenue +92.0% year-over-year).
- 2020: Revenue of $178K, expenses of $247K, and assets of $623K (revenue -18.2% year-over-year).
- 2019: Revenue of $217K, expenses of $218K, and assets of $641K (revenue -42.2% year-over-year).
- 2018: Revenue of $376K, expenses of $319K, and assets of $641K (revenue -5.2% year-over-year).
- 2017: Revenue of $397K, expenses of $347K, and assets of $583K (revenue -1.3% year-over-year).
- 2016: Revenue of $402K, expenses of $333K, and assets of $534K (revenue +43.2% year-over-year).
- 2015: Revenue of $281K, expenses of $309K, and assets of $465K (revenue +28.8% year-over-year).
- 2014: Revenue of $218K, expenses of $284K, and assets of $498K (revenue -22.0% year-over-year).
- 2013: Revenue of $279K, expenses of $335K, and assets of $566K (revenue -23.7% year-over-year).
- 2012: Revenue of $366K, expenses of $487K, and assets of $621K (revenue -25.2% year-over-year).
- 2011: Revenue of $489K, expenses of $616K, and assets of $745K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Class Education Inc:
Data Sources and Methodology
This transparency report for Class Education 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.