Collegetracks
Collegetracks faces declining assets and recurring operational deficits despite consistent revenue levels.
EIN: 204499806 · Silver Spring, MD · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $172K |
| Transparency Score | 65/100 |
Is Collegetracks Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Collegetracks directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Collegetracks
Collegetracks (EIN: 204499806) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code B82. The organization reported total revenue of $2.6M and total assets of $546K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Collegetracks's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Collegetracks is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-231,624 |
| Total Assets | $847K |
| Total Liabilities | $675K |
| Net Assets | $172K |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 79.7% |
| Months of Reserves | 3.8 months |
Financial Health Grade: C
In 2023, Collegetracks reported a deficit of $232K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 79.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Collegetracks's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | +4.8% | -6.0% |
| 2022 | +3.3% | -0.8% | -37.1% |
| 2021 | +4.9% | +10.2% | -3.6% |
| 2020 | +18.1% | +29.2% | +23.9% |
| 2019 | +11.6% | +11.0% | +161.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Collegetracks with a Mission Score of 65 out of 100 (Good). 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, Collegetracks 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 $232K, with expenses exceeding revenue.
- Debt-to-asset ratio: 79.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid or compensated through non-officer categories, which is highly favorable for an organization of its size with annual revenues exceeding $2 million.
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 Collegetracks's IRS 990 filings:
- Recurring operational deficits in recent years (e.g., 202306, 202206, 202106)
- Significant decline in net assets from $1,487,011 in 2020 to $546,170 currently
- Expenses consistently exceeding revenue in the last three reported periods.
Strengths
The following positive indicators were identified for Collegetracks:
- Consistent filing of IRS Form 990s for 13 periods, indicating transparency.
- Reported 0% officer compensation across all available filings, suggesting efficient use of funds at the executive level.
- Long operational history since at least 2014, demonstrating sustained commitment to its mission.
Frequently Asked Questions about Collegetracks
Is Collegetracks a legitimate charity?
Based on AI analysis of IRS 990 filings, Collegetracks (EIN: 204499806) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Collegetracks spend its money?
Collegetracks directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Collegetracks tax-deductible?
Collegetracks is registered as a tax-exempt nonprofit (EIN: 204499806). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Collegetracks CEO make?
Collegetracks's highest-compensated officer earns $2 annually. The organization reported $2.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Collegetracks's spending goes to programs?
Collegetracks directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Collegetracks compare to similar nonprofits?
With a transparency score of 65/100 (Good), Collegetracks is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Collegetracks located?
Collegetracks is headquartered in Silver Spring, Maryland and files with the IRS under EIN 204499806. It is classified under NTEE code B82.
How many years of IRS 990 filings does Collegetracks have?
Collegetracks 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 $2.6M in total revenue.
Is Collegetracks a good charity?
Collegetracks shows a commitment to its mission through consistent operations and a notable 0% officer compensation. However, recurring operational deficits and a declining asset base in recent years (e.g., assets decreased from $1,487,011 in 2020 to $546,170 currently) suggest potential financial sustainability challenges that warrant further investigation before a definitive 'good' or 'bad' assessment.
Why are Collegetracks' assets declining?
Collegetracks' assets have declined significantly from a peak of $1,487,011 in 2020 to $546,170 currently. This decline coincides with several periods where expenses exceeded revenue (e.g., 202306, 202206, 202106), indicating that the organization has been spending more than it takes in, potentially drawing down its reserves or assets to cover operational costs.
What is the reason for the operational deficits?
Collegetracks has reported operational deficits in multiple recent periods, such as 202306 (Expenses=$2,705,730 vs. Revenue=$2,474,106), 202206 (Expenses=$2,581,878 vs. Revenue=$2,560,515), and 202106 (Expenses=$2,602,428 vs. Revenue=$2,477,774). Without a detailed breakdown of expenses, it's difficult to pinpoint the exact cause, but it suggests that either revenue generation is insufficient to cover costs or expenses are increasing faster than revenue.
Filing History
IRS 990 filing history for Collegetracks showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Collegetracks's revenue has grown by 266.7%, moving from $675K to $2.5M. Total assets increased by 241.2% over the same period, from $248K to $847K. Total functional expenses rose by 384%, from $559K to $2.7M. In its most recent filing year (2023), Collegetracks reported a deficit of $232K, with expenses exceeding revenue. The organization holds $675K in liabilities against $847K in assets (debt-to-asset ratio: 79.7%), resulting in net assets of $172K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.7M | $847K | $675K | — | View 990 |
| 2022 | $2.6M | $2.6M | $902K | $498K | — | View 990 |
| 2021 | $2.5M | $2.6M | $1.4M | $1.0M | — | View 990 |
| 2020 | $2.4M | $2.4M | $1.5M | $937K | — | View 990 |
| 2019 | $2.0M | $1.8M | $1.2M | $651K | — | View 990 |
| 2018 | $1.8M | $1.6M | $458K | $83K | — | View 990 |
| 2017 | $1.2M | $1.5M | $323K | $93K | — | View 990 |
| 2016 | $1.3M | $1.2M | $646K | $129K | — | View 990 |
| 2015 | $1.2M | $876K | $461K | $94K | — | View 990 |
| 2014 | $689K | $749K | $198K | $120K | — | View 990 |
| 2013 | $653K | $664K | $244K | $107K | — | View 990 |
| 2012 | $547K | $719K | $136K | $82K | — | View 990 |
| 2011 | $675K | $559K | $248K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.7M, and assets of $847K (revenue -3.4% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.6M, and assets of $902K (revenue +3.3% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.6M, and assets of $1.4M (revenue +4.9% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.4M, and assets of $1.5M (revenue +18.1% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.8M, and assets of $1.2M (revenue +11.6% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.6M, and assets of $458K (revenue +50.2% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.5M, and assets of $323K (revenue -9.0% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $646K (revenue +12.6% year-over-year).
- 2015: Revenue of $1.2M, expenses of $876K, and assets of $461K (revenue +69.2% year-over-year).
- 2014: Revenue of $689K, expenses of $749K, and assets of $198K (revenue +5.5% year-over-year).
- 2013: Revenue of $653K, expenses of $664K, and assets of $244K (revenue +19.2% year-over-year).
- 2012: Revenue of $547K, expenses of $719K, and assets of $136K (revenue -18.9% year-over-year).
- 2011: Revenue of $675K, expenses of $559K, and assets of $248K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Collegetracks:
Data Sources and Methodology
This transparency report for Collegetracks 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.