College Of Workers Compensationlawyers Inc
College Of Workers Compensationlawyers Inc maintains stable finances with volunteer leadership and no liabilities.
EIN: 208237940 · Annapolis, MD · NTEE: V26 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $135K |
| Total Expenses | $142K |
| Program Spending | 90% |
| Net Assets | $78K |
| Transparency Score | 85/100 |
Is College Of Workers Compensationlawyers Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
College Of Workers Compensationlawyers Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About College Of Workers Compensationlawyers Inc
College Of Workers Compensationlawyers Inc (EIN: 208237940) is a nonprofit organization based in Annapolis, MD, classified under NTEE code V26. The organization reported total revenue of $135K and total assets of $85K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of College Of Workers Compensationlawyers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
College Of Workers Compensationlawyers 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 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $142K |
| Surplus / Deficit | $-20,664 |
| Total Assets | $78K |
| Net Assets | $78K |
| Operating Margin | -17.0% |
| Months of Reserves | 6.6 months |
Financial Health Grade: B
In 2023, College Of Workers Compensationlawyers Inc reported a deficit of $21K with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), College Of Workers Compensationlawyers Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.5% | +19.1% | -20.9% |
| 2022 | +16.6% | +3.4% | -8.6% |
| 2021 | +0.4% | +113.3% | -7.3% |
| 2020 | +44.7% | -26.1% | +81.5% |
| 2019 | -12.1% | -3.5% | +0.6% |
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 College Of Workers Compensationlawyers Inc with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, College Of Workers Compensationlawyers Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $21K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership operates on a volunteer basis. This significantly reduces administrative costs and allows more resources to be allocated to its mission.
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 Of Workers Compensationlawyers Inc:
- Consistent asset growth, from $58,029 in 2014 to $78,307 in 2023, indicating financial prudence.
- No reported liabilities across all 13 filings, demonstrating strong financial management.
- 0% officer compensation reported, suggesting a volunteer-driven leadership and high spending efficiency.
- Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency.
- Lean operational structure, allowing more resources to be directed towards its mission.
Frequently Asked Questions about College Of Workers Compensationlawyers Inc
Is College Of Workers Compensationlawyers Inc a legitimate charity?
College Of Workers Compensationlawyers Inc (EIN: 208237940) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $135K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does College Of Workers Compensationlawyers Inc spend its money?
College Of Workers Compensationlawyers Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to College Of Workers Compensationlawyers Inc tax-deductible?
College Of Workers Compensationlawyers Inc is registered as a tax-exempt nonprofit (EIN: 208237940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does College Of Workers Compensationlawyers Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), College Of Workers Compensationlawyers Inc is above average for NTEE category V26 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is College Of Workers Compensationlawyers Inc located?
College Of Workers Compensationlawyers Inc is headquartered in Annapolis, Maryland and files with the IRS under EIN 208237940. It is classified under NTEE code V26.
How many years of IRS 990 filings does College Of Workers Compensationlawyers Inc have?
College Of Workers Compensationlawyers 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 $135K in total revenue.
Is College Of Workers Compensationlawyers Inc financially stable?
Yes, the organization demonstrates financial stability with consistent asset growth from $58,029 in 2014 to $78,307 in 2023, and no reported liabilities across all filings.
How efficient is College Of Workers Compensationlawyers Inc's spending?
Spending efficiency is high, largely due to 0% officer compensation, meaning a greater proportion of funds can be directed towards program services. For example, in 2023, expenses were $142,334 against revenues of $121,670, indicating a lean operational model.
Does College Of Workers Compensationlawyers Inc have high administrative costs?
No, the organization appears to have very low administrative costs, primarily evidenced by the consistent reporting of 0% officer compensation across all 13 filings.
Filing History
IRS 990 filing history for College Of Workers Compensationlawyers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), College Of Workers Compensationlawyers Inc's revenue has grown by 279.7%, moving from $32K to $122K. Total assets increased by 42.2% over the same period, from $55K to $78K. Total functional expenses rose by 583.2%, from $21K to $142K. In its most recent filing year (2023), College Of Workers Compensationlawyers Inc reported a deficit of $21K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $142K | $78K | $0 | — | View 990 |
| 2022 | $125K | $119K | $99K | $0 | — | View 990 |
| 2021 | $107K | $116K | $108K | $0 | — | View 990 |
| 2020 | $107K | $54K | $117K | $0 | — | — |
| 2019 | $74K | $73K | $64K | $0 | — | View 990 |
| 2018 | $84K | $76K | $64K | $0 | — | View 990 |
| 2017 | $78K | $77K | $56K | $0 | — | View 990 |
| 2016 | $65K | $71K | $56K | $0 | — | View 990 |
| 2015 | $64K | $61K | $61K | $0 | — | View 990 |
| 2014 | $61K | $55K | $58K | $0 | — | View 990 |
| 2013 | $49K | $52K | $52K | $0 | — | View 990 |
| 2012 | $38K | $38K | $56K | $0 | — | View 990 |
| 2011 | $32K | $21K | $55K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $142K, and assets of $78K (revenue -2.5% year-over-year).
- 2022: Revenue of $125K, expenses of $119K, and assets of $99K (revenue +16.6% year-over-year).
- 2021: Revenue of $107K, expenses of $116K, and assets of $108K (revenue +0.4% year-over-year).
- 2020: Revenue of $107K, expenses of $54K, and assets of $117K (revenue +44.7% year-over-year).
- 2019: Revenue of $74K, expenses of $73K, and assets of $64K (revenue -12.1% year-over-year).
- 2018: Revenue of $84K, expenses of $76K, and assets of $64K (revenue +7.7% year-over-year).
- 2017: Revenue of $78K, expenses of $77K, and assets of $56K (revenue +19.0% year-over-year).
- 2016: Revenue of $65K, expenses of $71K, and assets of $56K (revenue +1.8% year-over-year).
- 2015: Revenue of $64K, expenses of $61K, and assets of $61K (revenue +5.8% year-over-year).
- 2014: Revenue of $61K, expenses of $55K, and assets of $58K (revenue +23.5% year-over-year).
- 2013: Revenue of $49K, expenses of $52K, and assets of $52K (revenue +28.1% year-over-year).
- 2012: Revenue of $38K, expenses of $38K, and assets of $56K (revenue +19.8% year-over-year).
- 2011: Revenue of $32K, expenses of $21K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for College Of Workers Compensationlawyers Inc:
Data Sources and Methodology
This transparency report for College Of Workers Compensationlawyers 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.