Consumer Financial Education Foundation Of America
Consumer Financial Education Foundation Of America shows fluctuating financial health with liabilities often exceeding assets.
EIN: 203424094 · Birmingham, AL · NTEE: P51 · Updated: 2026-03-28
Is Consumer Financial Education Foundation Of America Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Consumer Financial Education Foundation Of America directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Consumer Financial Education Foundation Of America
Consumer Financial Education Foundation Of America (EIN: 203424094) is a nonprofit organization based in Birmingham, AL, classified under NTEE code P51. The organization reported total revenue of $338K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Consumer Financial Education Foundation Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Consumer Financial Education Foundation Of America is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $364K |
| Total Expenses | $314K |
| Surplus / Deficit | +$50K |
| Total Assets | $136K |
| Total Liabilities | $339K |
| Net Assets | $-202,805 |
| Operating Margin | 13.7% |
| Debt-to-Asset Ratio | 249.1% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2023, Consumer Financial Education Foundation Of America reported a surplus of $50K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 249.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Consumer Financial Education Foundation Of America's revenue has declined at a compound annual growth rate (CAGR) of -9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.6% | -11.0% | +429.0% |
| 2022 | -34.4% | +19.9% | -66.8% |
| 2021 | +4.5% | -36.2% | +166.2% |
| 2020 | -20.1% | -3.0% | -10.1% |
| 2019 | -3.9% | -4.9% | -7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Consumer Financial Education Foundation Of America with a Mission Score of 60 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, Consumer Financial Education Foundation Of America 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 249.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that officers may be unpaid volunteers or their compensation is categorized under other expenses, which is unusual for an organization with annual revenues often exceeding $300,000.
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 Consumer Financial Education Foundation Of America's IRS 990 filings:
- Liabilities consistently exceed assets (e.g., $338,859 liabilities vs. $136,054 assets in 2023).
- Significant fluctuations in net assets, including negative net assets in some years.
- Consistent 0% officer compensation reported, which may obscure actual executive costs or indicate reliance on unpaid leadership for an organization of this scale.
- Declining revenue trend over the past decade from $600,044 in 2014 to $363,708 in 2023.
Strengths
The following positive indicators were identified for Consumer Financial Education Foundation Of America:
- Long history of IRS 990 filings (13 filings), indicating consistent reporting.
- Consistent operation and revenue generation over many years, demonstrating resilience.
- Positive net income in some recent years (e.g., 2023: $363,708 revenue vs. $313,726 expenses).
Frequently Asked Questions about Consumer Financial Education Foundation Of America
Is Consumer Financial Education Foundation Of America a legitimate charity?
Based on AI analysis of IRS 990 filings, Consumer Financial Education Foundation Of America (EIN: 203424094) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
How does Consumer Financial Education Foundation Of America spend its money?
Consumer Financial Education Foundation Of America directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Consumer Financial Education Foundation Of America tax-deductible?
Consumer Financial Education Foundation Of America is registered as a tax-exempt nonprofit (EIN: 203424094). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Consumer Financial Education Foundation Of America financially stable?
The organization's financial stability is questionable due to consistently high liabilities, which have frequently exceeded its assets (e.g., $338,859 liabilities vs. $136,054 assets in 2023), and fluctuating net assets.
What is the trend in the organization's revenue and expenses?
Revenue has generally been in a declining trend from a high of $600,044 in 2014 to $363,708 in 2023, with expenses largely following suit, though some years show expenses exceeding revenue (e.g., 2022).
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and suggests either a fully volunteer executive team or that compensation is reported under other expense lines, which could impact transparency.
How does the organization manage its liabilities?
The organization consistently carries significant liabilities, often much higher than its assets, indicating a potential reliance on debt or deferred revenue, which could pose a risk to long-term financial health.
Filing History
IRS 990 filing history for Consumer Financial Education Foundation Of America showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Consumer Financial Education Foundation Of America's revenue has declined by 69.6%, moving from $1.2M to $364K. Total assets increased by 26.6% over the same period, from $108K to $136K. Total functional expenses fell by 77.7%, from $1.4M to $314K. In its most recent filing year (2023), Consumer Financial Education Foundation Of America reported a surplus of $50K, with revenue exceeding expenses. The organization holds $339K in liabilities against $136K in assets (debt-to-asset ratio: 249.1%), resulting in net assets of $-202,805.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $364K | $314K | $136K | $339K | — | — |
| 2022 | $257K | $352K | $26K | $277K | — | View 990 |
| 2021 | $392K | $294K | $78K | $234K | — | View 990 |
| 2020 | $375K | $461K | $29K | $283K | — | View 990 |
| 2019 | $469K | $476K | $32K | $200K | — | View 990 |
| 2018 | $488K | $500K | $35K | $196K | — | View 990 |
| 2017 | $498K | $501K | $41K | $190K | — | View 990 |
| 2016 | $517K | $516K | $45K | $191K | — | View 990 |
| 2015 | $559K | $469K | $68K | $216K | — | View 990 |
| 2014 | $600K | $589K | $37K | $274K | — | View 990 |
| 2013 | $764K | $803K | $64K | $313K | — | View 990 |
| 2012 | $895K | $982K | $87K | $297K | — | View 990 |
| 2011 | $1.2M | $1.4M | $108K | $230K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $364K, expenses of $314K, and assets of $136K (revenue +41.6% year-over-year).
- 2022: Revenue of $257K, expenses of $352K, and assets of $26K (revenue -34.4% year-over-year).
- 2021: Revenue of $392K, expenses of $294K, and assets of $78K (revenue +4.5% year-over-year).
- 2020: Revenue of $375K, expenses of $461K, and assets of $29K (revenue -20.1% year-over-year).
- 2019: Revenue of $469K, expenses of $476K, and assets of $32K (revenue -3.9% year-over-year).
- 2018: Revenue of $488K, expenses of $500K, and assets of $35K (revenue -1.9% year-over-year).
- 2017: Revenue of $498K, expenses of $501K, and assets of $41K (revenue -3.8% year-over-year).
- 2016: Revenue of $517K, expenses of $516K, and assets of $45K (revenue -7.4% year-over-year).
- 2015: Revenue of $559K, expenses of $469K, and assets of $68K (revenue -6.8% year-over-year).
- 2014: Revenue of $600K, expenses of $589K, and assets of $37K (revenue -21.4% year-over-year).
- 2013: Revenue of $764K, expenses of $803K, and assets of $64K (revenue -14.7% year-over-year).
- 2012: Revenue of $895K, expenses of $982K, and assets of $87K (revenue -25.2% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.4M, and assets of $108K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Consumer Financial Education Foundation Of America:
Data Sources and Methodology
This transparency report for Consumer Financial Education Foundation Of America 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.