Conetoe Family Life Center Inc
EIN: 562373189 · Conetoe, NC · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $851K |
| Net Assets | $266K |
Is Conetoe Family Life Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Conetoe Family Life Center Inc
Conetoe Family Life Center Inc (EIN: 562373189) is a nonprofit organization based in Conetoe, NC, classified under NTEE code O50. The organization reported total revenue of $1.5M and total assets of $616K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Conetoe Family Life Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Conetoe Family Life Center Inc is a mid-size nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $647K |
| Total Expenses | $851K |
| Surplus / Deficit | $-203,958 |
| Total Assets | $266K |
| Net Assets | $266K |
| Operating Margin | -31.5% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2023, Conetoe Family Life Center Inc reported a deficit of $204K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate).
Financial Trends
Over 11 years of filings (2011–2023), Conetoe Family Life Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.4% | +53.2% | -43.4% |
| 2022 | +152.4% | +89.7% | +87.2% |
| 2021 | +193.5% | +68.0% | +5.9% |
| 2020 | -55.8% | -28.2% | -22.7% |
| 2019 | -40.7% | -65.3% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Conetoe Family Life Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Conetoe Family Life Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $204K, with expenses exceeding revenue.
Frequently Asked Questions about Conetoe Family Life Center Inc
Is Conetoe Family Life Center Inc a legitimate charity?
Conetoe Family Life Center Inc (EIN: 562373189) is a registered tax-exempt nonprofit based in North Carolina. It has 11 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: B.
How does Conetoe Family Life Center Inc spend its money?
Conetoe Family Life Center Inc reported $1.5M in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Conetoe Family Life Center Inc tax-deductible?
Conetoe Family Life Center Inc is registered as a tax-exempt nonprofit (EIN: 562373189). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Conetoe Family Life Center Inc located?
Conetoe Family Life Center Inc is headquartered in Conetoe, North Carolina and files with the IRS under EIN 562373189. It is classified under NTEE code O50.
How many years of IRS 990 filings does Conetoe Family Life Center Inc have?
Conetoe Family Life Center Inc has 11 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Conetoe Family Life Center Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Conetoe Family Life Center Inc's revenue has grown by 255%, moving from $182K to $647K. Total assets increased by 515.2% over the same period, from $43K to $266K. Total functional expenses rose by 413%, from $166K to $851K. In its most recent filing year (2023), Conetoe Family Life Center Inc reported a deficit of $204K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $647K | $851K | $266K | $0 | — | — |
| 2022 | $775K | $556K | $470K | $0 | — | View 990 |
| 2021 | $307K | $293K | $251K | $0 | — | View 990 |
| 2020 | $105K | $174K | $237K | $0 | — | — |
| 2019 | $236K | $243K | $307K | $0 | — | View 990 |
| 2018 | $398K | $700K | $313K | $0 | — | View 990 |
| 2017 | $843K | $726K | $419K | $1K | — | View 990 |
| 2016 | $532K | $344K | $302K | $1K | — | View 990 |
| 2015 | $191K | $144K | $114K | $0 | — | View 990 |
| 2014 | $146K | $108K | $69K | $2K | — | View 990 |
| 2011 | $182K | $166K | $43K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $647K, expenses of $851K, and assets of $266K (revenue -16.4% year-over-year).
- 2022: Revenue of $775K, expenses of $556K, and assets of $470K (revenue +152.4% year-over-year).
- 2021: Revenue of $307K, expenses of $293K, and assets of $251K (revenue +193.5% year-over-year).
- 2020: Revenue of $105K, expenses of $174K, and assets of $237K (revenue -55.8% year-over-year).
- 2019: Revenue of $236K, expenses of $243K, and assets of $307K (revenue -40.7% year-over-year).
- 2018: Revenue of $398K, expenses of $700K, and assets of $313K (revenue -52.7% year-over-year).
- 2017: Revenue of $843K, expenses of $726K, and assets of $419K (revenue +58.5% year-over-year).
- 2016: Revenue of $532K, expenses of $344K, and assets of $302K (revenue +178.5% year-over-year).
- 2015: Revenue of $191K, expenses of $144K, and assets of $114K (revenue +30.7% year-over-year).
- 2014: Revenue of $146K, expenses of $108K, and assets of $69K (revenue -19.9% year-over-year).
- 2011: Revenue of $182K, expenses of $166K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Conetoe Family Life Center Inc:
Data Sources and Methodology
This transparency report for Conetoe Family Life Center 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.