Convergence Center For Policy Resolution
EIN: 320280279 · Washington, DC · NTEE: B01
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $4.0M |
| Net Assets | $421K |
Is Convergence Center For Policy Resolution Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Convergence Center For Policy Resolution
Convergence Center For Policy Resolution (EIN: 320280279) is a nonprofit organization based in Washington, DC, classified under NTEE code B01. The organization reported total revenue of $2.2M and total assets of $800K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Convergence Center For Policy Resolution's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Convergence Center For Policy Resolution is a mid-size nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-2,649,783 |
| Total Assets | $608K |
| Total Liabilities | $186K |
| Net Assets | $421K |
| Operating Margin | -194.2% |
| Debt-to-Asset Ratio | 30.6% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2023, Convergence Center For Policy Resolution reported a deficit of $2.6M with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 30.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Convergence Center For Policy Resolution's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.8% | -5.0% | -81.5% |
| 2022 | -65.7% | +46.5% | -37.1% |
| 2021 | +345.7% | +22.7% | +290.7% |
| 2020 | -54.7% | -57.8% | -31.8% |
| 2019 | -44.5% | +13.4% | -56.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Convergence Center For Policy Resolution 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 Convergence Center For Policy Resolution 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 $2.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.6%.
Frequently Asked Questions about Convergence Center For Policy Resolution
Is Convergence Center For Policy Resolution a legitimate charity?
Based on AI analysis of IRS 990 filings, Convergence Center For Policy Resolution (EIN: 320280279) insufficient data. 0 red flags identified, 0 strengths noted.
How does Convergence Center For Policy Resolution spend its money?
Detailed spending breakdown data is not yet available for Convergence Center For Policy Resolution. Check back for updated IRS 990 analysis.
Are donations to Convergence Center For Policy Resolution tax-deductible?
Convergence Center For Policy Resolution is registered as a tax-exempt nonprofit (EIN: 320280279). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Convergence Center For Policy Resolution located?
Convergence Center For Policy Resolution is headquartered in Washington, Washington DC and files with the IRS under EIN 320280279. It is classified under NTEE code B01.
How many years of IRS 990 filings does Convergence Center For Policy Resolution have?
Convergence Center For Policy Resolution has 14 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Convergence Center For Policy Resolution showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Convergence Center For Policy Resolution's revenue has grown by 156%, moving from $533K to $1.4M. Total assets increased by 1679.1% over the same period, from $34K to $608K. Total functional expenses rose by 703%, from $500K to $4.0M. In its most recent filing year (2023), Convergence Center For Policy Resolution reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $186K in liabilities against $608K in assets (debt-to-asset ratio: 30.6%), resulting in net assets of $421K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $4.0M | $608K | $186K | — | View 990 |
| 2022 | $2.3M | $4.2M | $3.3M | $251K | — | View 990 |
| 2021 | $6.6M | $2.9M | $5.2M | $215K | — | View 990 |
| 2020 | $1.5M | $2.4M | $1.3M | $128K | — | — |
| 2019 | $3.3M | $5.6M | $2.0M | $140K | — | View 990 |
| 2018 | $5.9M | $4.9M | $4.5M | $367K | — | View 990 |
| 2017 | $5.4M | $4.5M | $3.4M | $238K | — | View 990 |
| 2016 | $3.7M | $3.4M | $2.5M | $172K | — | View 990 |
| 2015 | $3.0M | $2.4M | $2.1M | $57K | — | View 990 |
| 2014 | $2.8M | $1.6M | $1.5M | $75K | — | View 990 |
| 2013 | $1.4M | $1.5M | $365K | $115K | — | View 990 |
| 2012 | $1.2M | $940K | $523K | $80K | — | View 990 |
| 2011 | $765K | $620K | $203K | $23K | — | View 990 |
| 2010 | $533K | $500K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $4.0M, and assets of $608K (revenue -39.8% year-over-year).
- 2022: Revenue of $2.3M, expenses of $4.2M, and assets of $3.3M (revenue -65.7% year-over-year).
- 2021: Revenue of $6.6M, expenses of $2.9M, and assets of $5.2M (revenue +345.7% year-over-year).
- 2020: Revenue of $1.5M, expenses of $2.4M, and assets of $1.3M (revenue -54.7% year-over-year).
- 2019: Revenue of $3.3M, expenses of $5.6M, and assets of $2.0M (revenue -44.5% year-over-year).
- 2018: Revenue of $5.9M, expenses of $4.9M, and assets of $4.5M (revenue +9.5% year-over-year).
- 2017: Revenue of $5.4M, expenses of $4.5M, and assets of $3.4M (revenue +44.5% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.4M, and assets of $2.5M (revenue +24.7% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.4M, and assets of $2.1M (revenue +7.9% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.6M, and assets of $1.5M (revenue +104.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.5M, and assets of $365K (revenue +12.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $940K, and assets of $523K (revenue +57.2% year-over-year).
- 2011: Revenue of $765K, expenses of $620K, and assets of $203K (revenue +43.5% year-over-year).
- 2010: Revenue of $533K, expenses of $500K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Convergence Center For Policy Resolution:
Data Sources and Methodology
This transparency report for Convergence Center For Policy Resolution 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.