College For Kids Inc

Is College For Kids Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

College For Kids Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About College For Kids Inc

College For Kids Inc (EIN: 208077416) is a nonprofit organization based in West Palm Beach, FL, classified under NTEE code B82. The organization reported total revenue of $2.7M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of College For Kids 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 College For Kids 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, College For Kids 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is highly favorable for resource allocation.

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.

Strengths

The following positive indicators were identified for College For Kids Inc:

• Strong and consistent revenue growth, from $1.2M in 2015 to $4.5M in 2024.
• Significant asset accumulation, nearly doubling from $6M in 2020 to $11.8M in 2024.
• No reported officer compensation across all filings, indicating efficient use of funds.
• Consistent surpluses, with revenue significantly exceeding expenses in most recent periods (e.g., $4.5M revenue vs. $1.5M expenses in 2024).
• Low liabilities relative to assets, indicating strong financial stability.

Frequently Asked Questions about College For Kids Inc

Filing History

IRS 990 filing history for College For Kids Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), College For Kids Inc's revenue has grown by 316.3%, moving from $1.1M to $4.5M. Total assets increased by 275.4% over the same period, from $3.1M to $11.8M. Total functional expenses rose by 208%, from $495K to $1.5M. In its most recent filing year (2024), College For Kids Inc reported a surplus of $3.0M, with revenue exceeding expenses. The organization holds $141K in liabilities against $11.8M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $11.7M.

Year-by-Year Financial Summary

• 2024: Revenue of $4.5M, expenses of $1.5M, and assets of $11.8M (revenue +43.4% year-over-year).
• 2023: Revenue of $3.1M, expenses of $1.7M, and assets of $8.7M (revenue +46.3% year-over-year).
• 2022: Revenue of $2.1M, expenses of $1.6M, and assets of $7.0M (revenue +12.6% year-over-year).
• 2021: Revenue of $1.9M, expenses of $1.4M, and assets of $6.5M (revenue -6.0% year-over-year).
• 2020: Revenue of $2.0M, expenses of $1.2M, and assets of $6.0M (revenue +23.7% year-over-year).
• 2019: Revenue of $1.6M, expenses of $1.4M, and assets of $5.2M (revenue +13.6% year-over-year).
• 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $5.0M (revenue -14.6% year-over-year).
• 2017: Revenue of $1.7M, expenses of $1.2M, and assets of $4.9M (revenue +22.2% year-over-year).
• 2016: Revenue of $1.4M, expenses of $1.2M, and assets of $4.4M (revenue +8.2% year-over-year).
• 2015: Revenue of $1.3M, expenses of $922K, and assets of $4.2M (revenue +68.8% year-over-year).
• 2014: Revenue of $758K, expenses of $751K, and assets of $3.9M (revenue -40.6% year-over-year).
• 2013: Revenue of $1.3M, expenses of $663K, and assets of $3.9M (revenue +104.5% year-over-year).
• 2012: Revenue of $624K, expenses of $509K, and assets of $3.4M (revenue -42.3% year-over-year).
• 2011: Revenue of $1.1M, expenses of $495K, and assets of $3.1M.

Data Sources and Methodology

This transparency report for College For Kids 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.