Collegiate Cultural Foundation
Collegiate Cultural Foundation shows recent revenue growth but inconsistent financial history with past deficits.
EIN: 203462976 · Philadelphia, PA · NTEE: R62 · Updated: 2026-03-28
Is Collegiate Cultural Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Collegiate Cultural Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Collegiate Cultural Foundation
Collegiate Cultural Foundation (EIN: 203462976) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code R62. The organization reported total revenue of $5.1M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Collegiate Cultural Foundation'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 Collegiate Cultural Foundation 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Collegiate Cultural Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all listed filing periods, suggesting either a volunteer-led organization or that compensation is categorized differently, which is unusual for an organization with over $5 million in reported assets.
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 Collegiate Cultural Foundation's IRS 990 filings:
- Significant discrepancy between 'Latest Revenue/Assets' and individual annual filing data, requiring clarification.
- History of operational deficits in multiple periods (e.g., 202206, 202106, 202006, 201706, 201506, 201412).
- Lack of detailed expense breakdowns (program, admin, fundraising) in the provided data, hindering efficiency assessment.
- Consistently reported 0% officer compensation for an organization with over $5 million in assets, which is unusual and warrants further inquiry.
Strengths
The following positive indicators were identified for Collegiate Cultural Foundation:
- Recent positive trend in 202306 with revenue ($232,900) exceeding expenses ($197,402).
- No reported officer compensation, potentially indicating efficient use of funds or volunteer leadership.
- Long filing history (13 filings) suggests sustained operation over time.
Frequently Asked Questions about Collegiate Cultural Foundation
Is Collegiate Cultural Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Collegiate Cultural Foundation (EIN: 203462976) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Collegiate Cultural Foundation spend its money?
Collegiate Cultural Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Collegiate Cultural Foundation tax-deductible?
Collegiate Cultural Foundation is registered as a tax-exempt nonprofit (EIN: 203462976). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is there a significant discrepancy between the 'Latest Revenue' ($5,131,026) and 'Assets' ($5,141,259) provided, and the individual annual filing data (e.g., 202306 Revenue=$232,900, Assets=$38,430)?
This discrepancy needs clarification to understand the true scale and financial health of the organization. It could indicate consolidated reporting, a major recent event, or an error in data presentation.
How does Collegiate Cultural Foundation sustain operations with 0% reported officer compensation, especially given its reported assets?
This suggests a strong reliance on volunteer leadership or that compensation is reported under a different category, which warrants further investigation for transparency.
What are the specific program, administrative, and fundraising expense breakdowns for the most recent periods?
Without these details, it's difficult to accurately assess spending efficiency and how resources are allocated to the mission.
What caused the periods of significant operational deficits, such as in 202206 where expenses ($203,500) exceeded revenue ($128,281)?
Understanding the reasons behind these deficits is crucial for evaluating financial stability and management practices.
Filing History
IRS 990 filing history for Collegiate Cultural Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Collegiate Cultural Foundation's revenue has grown by 5.1%, moving from $222K to $233K. Total assets increased by 159.1% over the same period, from $15K to $38K. Total functional expenses fell by 9.9%, from $219K to $197K. In its most recent filing year (2023), Collegiate Cultural Foundation reported a surplus of $35K, with revenue exceeding expenses. The organization holds $705 in liabilities against $38K in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $38K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $233K | $197K | $38K | $705 | — | View 990 |
| 2022 | $128K | $204K | $0 | $0 | — | View 990 |
| 2021 | $226K | $236K | $95K | $135K | — | View 990 |
| 2020 | $237K | $294K | $0 | $30K | — | View 990 |
| 2019 | $299K | $294K | $31K | $4K | — | View 990 |
| 2018 | $307K | $282K | $25K | $4K | — | View 990 |
| 2017 | $236K | $265K | $17 | $4K | — | View 990 |
| 2016 | $388K | $339K | $29K | $4K | — | View 990 |
| 2015 | $119K | $129K | $6K | $31K | — | View 990 |
| 2014 | $319K | $341K | $16K | $6K | — | View 990 |
| 2013 | $248K | $299K | $42K | $10K | — | View 990 |
| 2012 | $288K | $214K | $90K | $8K | — | View 990 |
| 2011 | $222K | $219K | $15K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $233K, expenses of $197K, and assets of $38K (revenue +81.6% year-over-year).
- 2022: Revenue of $128K, expenses of $204K, and assets of $0 (revenue -43.2% year-over-year).
- 2021: Revenue of $226K, expenses of $236K, and assets of $95K (revenue -4.5% year-over-year).
- 2020: Revenue of $237K, expenses of $294K, and assets of $0 (revenue -21.0% year-over-year).
- 2019: Revenue of $299K, expenses of $294K, and assets of $31K (revenue -2.3% year-over-year).
- 2018: Revenue of $307K, expenses of $282K, and assets of $25K (revenue +29.8% year-over-year).
- 2017: Revenue of $236K, expenses of $265K, and assets of $17 (revenue -39.2% year-over-year).
- 2016: Revenue of $388K, expenses of $339K, and assets of $29K (revenue +225.7% year-over-year).
- 2015: Revenue of $119K, expenses of $129K, and assets of $6K (revenue -62.6% year-over-year).
- 2014: Revenue of $319K, expenses of $341K, and assets of $16K (revenue +28.6% year-over-year).
- 2013: Revenue of $248K, expenses of $299K, and assets of $42K (revenue -13.9% year-over-year).
- 2012: Revenue of $288K, expenses of $214K, and assets of $90K (revenue +30.0% year-over-year).
- 2011: Revenue of $222K, expenses of $219K, and assets of $15K.
Data Sources and Methodology
This transparency report for Collegiate Cultural Foundation 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.