Conscious Capitalism Inc
Conscious Capitalism Inc. faces recurring deficits and declining assets despite consistent revenue.
EIN: 202238653 · Denver, CO · NTEE: Q40 · Updated: 2026-03-28
Is Conscious Capitalism Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Conscious Capitalism Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Conscious Capitalism Inc
Conscious Capitalism Inc (EIN: 202238653) is a nonprofit organization based in Denver, CO, classified under NTEE code Q40. The organization reported total revenue of $2.0M and total assets of $644K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Conscious Capitalism Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Conscious Capitalism Inc 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 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-538,892 |
| Total Assets | $797K |
| Total Liabilities | $283K |
| Net Assets | $514K |
| Operating Margin | -27.3% |
| Debt-to-Asset Ratio | 35.5% |
| Months of Reserves | 3.8 months |
Financial Health Grade: B
In 2023, Conscious Capitalism Inc reported a deficit of $539K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 35.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Conscious Capitalism Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.8% | -18.5% | -42.3% |
| 2022 | -26.7% | +23.4% | -38.6% |
| 2021 | +28.6% | +36.4% | +34.1% |
| 2020 | -31.8% | -35.9% | +21.2% |
| 2019 | +24.0% | -4.0% | +13.2% |
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 Conscious Capitalism Inc 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, Conscious Capitalism Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $539K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its top leadership may be unpaid or compensated through non-officer categories, which is a positive indicator for resource allocation towards 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.
Red Flags
The following concerns were identified during AI analysis of Conscious Capitalism Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $538,892 in 2023, $943,612 in 2022).
- Significant decline in total assets from $2,250,493 in 2021 to $797,442 in 2023.
- Expenses consistently exceeding revenue in multiple recent periods, indicating potential financial unsustainability.
Strengths
The following positive indicators were identified for Conscious Capitalism Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Maintained over $1.4 million in revenue for the past decade, demonstrating a stable funding base.
- History of over a decade of IRS 990 filings, suggesting established operations and compliance.
Frequently Asked Questions about Conscious Capitalism Inc
Is Conscious Capitalism Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Conscious Capitalism Inc (EIN: 202238653) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Conscious Capitalism Inc spend its money?
Conscious Capitalism Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Conscious Capitalism Inc tax-deductible?
Conscious Capitalism Inc is registered as a tax-exempt nonprofit (EIN: 202238653). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has Conscious Capitalism Inc. experienced consistent deficits in recent years?
The filings show expenses exceeding revenue by $538,892 in 2023 and $943,612 in 2022, indicating that the organization is spending more than it earns, potentially due to increased operational costs or insufficient revenue growth.
What is the reason for the significant decline in assets from $2,250,493 in 2021 to $797,442 in 2023?
The substantial drop in assets suggests the organization may be drawing down reserves to cover operational deficits or has divested significant holdings, which could impact its long-term financial stability.
How does Conscious Capitalism Inc. sustain operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation implies that leadership may be volunteer-based, compensated through other means not classified as officer compensation on the 990, or that the organization relies on external contractors for executive functions.
What is the organization's strategy to address the revenue-expense imbalance?
With recurring deficits, the organization needs a clear strategy to either increase revenue streams or reduce operational expenses to achieve financial sustainability.
Filing History
IRS 990 filing history for Conscious Capitalism Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Conscious Capitalism Inc's revenue has grown by 196.3%, moving from $666K to $2.0M. Total assets increased by 104.9% over the same period, from $389K to $797K. Total functional expenses rose by 293.3%, from $639K to $2.5M. In its most recent filing year (2023), Conscious Capitalism Inc reported a deficit of $539K, with expenses exceeding revenue. The organization holds $283K in liabilities against $797K in assets (debt-to-asset ratio: 35.5%), resulting in net assets of $514K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.5M | $797K | $283K | — | — |
| 2022 | $2.1M | $3.1M | $1.4M | $383K | — | View 990 |
| 2021 | $2.9M | $2.5M | $2.3M | $314K | — | View 990 |
| 2020 | $2.3M | $1.8M | $1.7M | $163K | — | View 990 |
| 2019 | $3.3M | $2.9M | $1.4M | $308K | — | — |
| 2018 | $2.7M | $3.0M | $1.2M | $617K | — | View 990 |
| 2017 | $2.2M | $2.4M | $1.2M | $283K | — | View 990 |
| 2016 | $1.8M | $1.7M | $1.3M | $141K | — | View 990 |
| 2015 | $1.8M | $1.5M | $1.2M | $254K | — | View 990 |
| 2014 | $1.5M | $1.5M | $785K | $57K | — | View 990 |
| 2013 | $1.4M | $1.3M | $883K | $169K | — | View 990 |
| 2012 | $1.0M | $807K | $632K | $64K | — | View 990 |
| 2011 | $666K | $639K | $389K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.5M, and assets of $797K (revenue -7.8% year-over-year).
- 2022: Revenue of $2.1M, expenses of $3.1M, and assets of $1.4M (revenue -26.7% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.5M, and assets of $2.3M (revenue +28.6% year-over-year).
- 2020: Revenue of $2.3M, expenses of $1.8M, and assets of $1.7M (revenue -31.8% year-over-year).
- 2019: Revenue of $3.3M, expenses of $2.9M, and assets of $1.4M (revenue +24.0% year-over-year).
- 2018: Revenue of $2.7M, expenses of $3.0M, and assets of $1.2M (revenue +21.5% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.4M, and assets of $1.2M (revenue +21.3% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.7M, and assets of $1.3M (revenue +3.9% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.5M, and assets of $1.2M (revenue +19.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $785K (revenue +3.8% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $883K (revenue +39.5% year-over-year).
- 2012: Revenue of $1.0M, expenses of $807K, and assets of $632K (revenue +52.9% year-over-year).
- 2011: Revenue of $666K, expenses of $639K, and assets of $389K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Conscious Capitalism Inc:
Data Sources and Methodology
This transparency report for Conscious Capitalism 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.