Continuing Education Company
EIN: 570988170 · Palm Coast, FL · NTEE: B60B
Is Continuing Education Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Continuing Education Company
Continuing Education Company (EIN: 570988170) is a nonprofit organization based in Palm Coast, FL, classified under NTEE code B60B. The organization reported total revenue of $4.6M and total assets of $812K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Continuing Education Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Continuing Education Company is a mid-size nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $5.1M |
| Surplus / Deficit | $-540,731 |
| Total Assets | $1.6M |
| Total Liabilities | $542K |
| Net Assets | $1.1M |
| Operating Margin | -11.8% |
| Debt-to-Asset Ratio | 33.0% |
| Months of Reserves | 3.8 months |
Financial Health Grade: B
In 2023, Continuing Education Company reported a deficit of $541K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 33.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Continuing Education Company's revenue has grown at a compound annual growth rate (CAGR) of 16.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | +4.5% | -23.4% |
| 2022 | +3.2% | +34.0% | -4.5% |
| 2021 | +74.7% | +44.5% | +61.2% |
| 2020 | -28.0% | -32.8% | -11.3% |
| 2019 | +12.1% | +40.9% | +19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Continuing Education Company 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 Continuing Education Company 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 $541K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.0%.
Frequently Asked Questions about Continuing Education Company
Is Continuing Education Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Continuing Education Company (EIN: 570988170) insufficient data. 0 red flags identified, 0 strengths noted.
How does Continuing Education Company spend its money?
Detailed spending breakdown data is not yet available for Continuing Education Company. Check back for updated IRS 990 analysis.
Are donations to Continuing Education Company tax-deductible?
Continuing Education Company is registered as a tax-exempt nonprofit (EIN: 570988170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Continuing Education Company showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Continuing Education Company's revenue has grown by 522.2%, moving from $739K to $4.6M. Total assets increased by 1866% over the same period, from $83K to $1.6M. Total functional expenses rose by 545.2%, from $796K to $5.1M. In its most recent filing year (2023), Continuing Education Company reported a deficit of $541K, with expenses exceeding revenue. The organization holds $542K in liabilities against $1.6M in assets (debt-to-asset ratio: 33.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $5.1M | $1.6M | $542K | — | — |
| 2022 | $4.6M | $4.9M | $2.1M | $504K | — | View 990 |
| 2021 | $4.5M | $3.7M | $2.2M | $310K | — | View 990 |
| 2020 | $2.6M | $2.5M | $1.4M | $260K | — | — |
| 2019 | $3.6M | $3.8M | $1.6M | $472K | — | View 990 |
| 2018 | $3.2M | $2.7M | $1.3M | $0 | — | View 990 |
| 2017 | $2.5M | $2.6M | $918K | $102K | — | View 990 |
| 2015 | $1.8M | $1.6M | $879K | $2K | — | View 990 |
| 2014 | $1.5M | $1.3M | $728K | $0 | — | View 990 |
| 2013 | $1.5M | $1.3M | $558K | $22K | — | View 990 |
| 2012 | $1.1M | $898K | $302K | $6K | — | View 990 |
| 2011 | $739K | $796K | $83K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $5.1M, and assets of $1.6M (revenue -0.5% year-over-year).
- 2022: Revenue of $4.6M, expenses of $4.9M, and assets of $2.1M (revenue +3.2% year-over-year).
- 2021: Revenue of $4.5M, expenses of $3.7M, and assets of $2.2M (revenue +74.7% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.5M, and assets of $1.4M (revenue -28.0% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.8M, and assets of $1.6M (revenue +12.1% year-over-year).
- 2018: Revenue of $3.2M, expenses of $2.7M, and assets of $1.3M (revenue +25.7% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.6M, and assets of $918K (revenue +43.8% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.6M, and assets of $879K (revenue +16.9% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.3M, and assets of $728K (revenue -0.4% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $558K (revenue +34.8% year-over-year).
- 2012: Revenue of $1.1M, expenses of $898K, and assets of $302K (revenue +51.6% year-over-year).
- 2011: Revenue of $739K, expenses of $796K, and assets of $83K.
Data Sources and Methodology
This transparency report for Continuing Education Company 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.