Consource Inc
Consource Inc. faces significant financial challenges with 2020 expenses exceeding revenue by over $250,000.
EIN: 202932856 · Washington, DC · NTEE: B70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $41K |
| Total Expenses | $298K |
| Program Spending | 75% |
| Net Assets | $34K |
| Transparency Score | 65/100 |
Is Consource Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Consource Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Consource Inc
Consource Inc (EIN: 202932856) is a nonprofit organization based in Washington, DC, classified under NTEE code B70. The organization reported total revenue of $41K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Consource Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Consource Inc is a micro nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2013–2020). Revenue has grown at a compound annual rate of -9.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $298K |
| Surplus / Deficit | $-256,374 |
| Total Assets | $34K |
| Net Assets | $34K |
| Operating Margin | -621.3% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2020, Consource Inc reported a deficit of $256K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2013–2020), Consource Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -81.1% | +14.6% | -88.3% |
| 2019 | -65.5% | -40.5% | -8.5% |
| 2018 | +259.4% | +144.2% | +170.1% |
| 2017 | -26.7% | -15.8% | -2.1% |
| 2016 | +9.4% | +40.1% | +29.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2014 |
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 Consource 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Consource Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $256K, with expenses exceeding revenue.
Executive Compensation Analysis
Consource Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is a positive for direct program funding.
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 Consource Inc's IRS 990 filings:
- Significant operating deficit in 2020 ($256,374, with expenses of $297,639 against revenue of $41,265).
- Dramatic decline in revenue from $217,809 in 2019 to $41,265 in 2020.
- Inconsistent revenue streams over the past 8 years, ranging from $41,265 to $631,926.
Strengths
The following positive indicators were identified for Consource Inc:
- Consistent reporting of 0% officer compensation, indicating resources are not used for executive salaries.
- Zero liabilities reported in the latest filing (2020), as well as in 2016 and 2015.
Frequently Asked Questions about Consource Inc
Is Consource Inc a legitimate charity?
Consource Inc (EIN: 202932856) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 65/100. It has 8 years of IRS 990 filings on record. Total revenue: $41K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Consource Inc spend its money?
Consource Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Consource Inc tax-deductible?
Consource Inc is registered as a tax-exempt nonprofit (EIN: 202932856). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Consource Inc's spending goes to programs?
Consource Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Consource Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Consource Inc is above average for NTEE category B70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Consource Inc located?
Consource Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 202932856. It is classified under NTEE code B70.
How many years of IRS 990 filings does Consource Inc have?
Consource Inc has 8 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 $41K in total revenue.
What caused the significant drop in revenue from $217,809 in 2019 to $41,265 in 2020?
The IRS 990 data alone does not specify the reason for the drastic revenue decline. Further investigation into the organization's activities or financial statements would be needed.
How did Consource Inc. fund its $297,639 in expenses in 2020 with only $41,265 in revenue?
The organization likely drew down on prior year assets or incurred new liabilities not reported in the summary data, or received significant non-cash contributions. The provided data shows assets of $33,962 and liabilities of $0 for 2020, suggesting a significant use of reserves or unreported funding sources.
Is the organization financially sustainable given the 2020 operating deficit?
The large operating deficit in 2020 ($256,374) raises serious concerns about financial sustainability. Without a significant increase in revenue or reduction in expenses, the organization's ability to continue operations is questionable.
Filing History
IRS 990 filing history for Consource Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2020), Consource Inc's revenue has declined by 50%, moving from $82K to $41K. Total assets decreased by 8.9% over the same period, from $37K to $34K. Total functional expenses rose by 246.9%, from $86K to $298K. In its most recent filing year (2020), Consource Inc reported a deficit of $256K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $41K | $298K | $34K | $0 | — | — |
| 2019 | $218K | $260K | $291K | $649 | — | View 990 |
| 2018 | $632K | $437K | $318K | $6K | — | View 990 |
| 2017 | $176K | $179K | $118K | $500 | — | — |
| 2016 | $240K | $212K | $120K | $0 | — | View 990 |
| 2015 | $219K | $152K | $93K | $0 | — | View 990 |
| 2014 | $78K | $86K | $37K | $12K | — | View 990 |
| 2013 | $82K | $86K | $37K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $41K, expenses of $298K, and assets of $34K (revenue -81.1% year-over-year).
- 2019: Revenue of $218K, expenses of $260K, and assets of $291K (revenue -65.5% year-over-year).
- 2018: Revenue of $632K, expenses of $437K, and assets of $318K (revenue +259.4% year-over-year).
- 2017: Revenue of $176K, expenses of $179K, and assets of $118K (revenue -26.7% year-over-year).
- 2016: Revenue of $240K, expenses of $212K, and assets of $120K (revenue +9.4% year-over-year).
- 2015: Revenue of $219K, expenses of $152K, and assets of $93K (revenue +180.7% year-over-year).
- 2014: Revenue of $78K, expenses of $86K, and assets of $37K (revenue -5.3% year-over-year).
- 2013: Revenue of $82K, expenses of $86K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Consource Inc:
Data Sources and Methodology
This transparency report for Consource 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.