Colleges That Change Lives Inc
Colleges That Change Lives Inc. shows fluctuating annual finances with no reported officer compensation and zero liabilities.
EIN: 204269017 · Dallas, TX · NTEE: B990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $745K |
| Program Spending | 80% |
| Net Assets | $104K |
| Transparency Score | 85/100 |
Is Colleges That Change Lives Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colleges That Change Lives Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colleges That Change Lives Inc
Colleges That Change Lives Inc (EIN: 204269017) is a nonprofit organization based in Dallas, TX, classified under NTEE code B990. The organization reported total revenue of $1.0M and total assets of $403K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colleges That Change Lives Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colleges That Change Lives Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $711K |
| Total Expenses | $745K |
| Surplus / Deficit | $-34,263 |
| Total Assets | $104K |
| Net Assets | $104K |
| Operating Margin | -4.8% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2023, Colleges That Change Lives Inc reported a deficit of $34K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2012–2023), Colleges That Change Lives Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.6% | +9.9% | -24.9% |
| 2022 | +415.0% | +150.6% | +94.8% |
| 2021 | -57.5% | +16.6% | -63.9% |
| 2020 | -51.9% | -67.4% | +95.7% |
| 2019 | +2.6% | +0.4% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Colleges That Change Lives 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Colleges That Change Lives Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $34K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is a positive sign for minimizing administrative overhead.
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 Colleges That Change Lives Inc's IRS 990 filings:
- Recent deficit in 202309 where expenses ($745,087) exceeded revenue ($710,824)
- Fluctuating annual revenues and expenses, indicating potential instability in funding or operational costs.
Strengths
The following positive indicators were identified for Colleges That Change Lives Inc:
- Consistent reporting of zero liabilities across all 13 filings, indicating strong financial management and no debt.
- No reported officer compensation, suggesting a lean administrative structure or volunteer leadership.
- Long history of IRS 990 filings (13 periods), demonstrating transparency and compliance.
- Assets consistently maintained above $100,000 for most periods, providing some financial cushion.
Frequently Asked Questions about Colleges That Change Lives Inc
Is Colleges That Change Lives Inc a legitimate charity?
Colleges That Change Lives Inc (EIN: 204269017) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Colleges That Change Lives Inc spend its money?
Colleges That Change Lives Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Colleges That Change Lives Inc tax-deductible?
Colleges That Change Lives Inc is registered as a tax-exempt nonprofit (EIN: 204269017). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Colleges That Change Lives Inc's spending goes to programs?
Colleges That Change Lives Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Colleges That Change Lives Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Colleges That Change Lives Inc is above average for NTEE category B990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Colleges That Change Lives Inc located?
Colleges That Change Lives Inc is headquartered in Dallas, Texas and files with the IRS under EIN 204269017. It is classified under NTEE code B990.
How many years of IRS 990 filings does Colleges That Change Lives Inc have?
Colleges That Change Lives 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 $1.0M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While the filings show overall expenses, a detailed breakdown of how much is allocated to programs, administration, and fundraising is not explicitly provided in the summary data. This information would typically be found in Part IX of the IRS Form 990.
How does the organization manage its cash flow given the recent deficit in 202309?
In 202309, expenses ($745,087) exceeded revenue ($710,824), resulting in a deficit. The organization's assets decreased from $137,836 in 202209 to $103,573 in 202309, suggesting the deficit was covered by drawing down reserves. Further analysis of cash flow statements would be needed to understand the long-term sustainability of such fluctuations.
What is the source of the 'Latest Revenue' of $1,009,246, which is higher than any individual annual revenue reported in the filing history?
The 'Latest Revenue' figure of $1,009,246 provided in the prompt is higher than any single annual revenue reported in the filing history. This discrepancy requires clarification, as it might represent a different reporting period or a cumulative figure not directly comparable to the annual 990 data.
Filing History
IRS 990 filing history for Colleges That Change Lives Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Colleges That Change Lives Inc's revenue has grown by 41.1%, moving from $504K to $711K. Total assets increased by 59.5% over the same period, from $65K to $104K. Total functional expenses rose by 47.1%, from $506K to $745K. In its most recent filing year (2023), Colleges That Change Lives Inc reported a deficit of $34K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $711K | $745K | $104K | $0 | — | — |
| 2022 | $745K | $678K | $138K | $0 | — | — |
| 2021 | $145K | $271K | $71K | $0 | — | View 990 |
| 2020 | $341K | $232K | $196K | $0 | — | View 990 |
| 2019 | $708K | $713K | $100K | $0 | — | View 990 |
| 2018 | $690K | $710K | $104K | $0 | — | View 990 |
| 2017 | $704K | $702K | $124K | $0 | — | View 990 |
| 2016 | $694K | $712K | $122K | $0 | — | View 990 |
| 2015 | $603K | $574K | $141K | $0 | — | View 990 |
| 2014 | $652K | $555K | $112K | $0 | — | View 990 |
| 2013 | $637K | $631K | $15K | $0 | — | View 990 |
| 2012 | $109K | $165K | $9K | $0 | — | View 990 |
| 2012 | $504K | $506K | $65K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $711K, expenses of $745K, and assets of $104K (revenue -4.6% year-over-year).
- 2022: Revenue of $745K, expenses of $678K, and assets of $138K (revenue +415.0% year-over-year).
- 2021: Revenue of $145K, expenses of $271K, and assets of $71K (revenue -57.5% year-over-year).
- 2020: Revenue of $341K, expenses of $232K, and assets of $196K (revenue -51.9% year-over-year).
- 2019: Revenue of $708K, expenses of $713K, and assets of $100K (revenue +2.6% year-over-year).
- 2018: Revenue of $690K, expenses of $710K, and assets of $104K (revenue -1.9% year-over-year).
- 2017: Revenue of $704K, expenses of $702K, and assets of $124K (revenue +1.4% year-over-year).
- 2016: Revenue of $694K, expenses of $712K, and assets of $122K (revenue +15.1% year-over-year).
- 2015: Revenue of $603K, expenses of $574K, and assets of $141K (revenue -7.6% year-over-year).
- 2014: Revenue of $652K, expenses of $555K, and assets of $112K (revenue +2.4% year-over-year).
- 2013: Revenue of $637K, expenses of $631K, and assets of $15K (revenue +481.9% year-over-year).
- 2012: Revenue of $109K, expenses of $165K, and assets of $9K (revenue -78.3% year-over-year).
- 2012: Revenue of $504K, expenses of $506K, and assets of $65K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colleges That Change Lives Inc:
Data Sources and Methodology
This transparency report for Colleges That Change Lives 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.