Coral Foundation For Excellence In Education
EIN: 460783821 · Albuquerque, NM · NTEE: T50
| Metric | Value |
|---|---|
| Total Revenue | $21K |
| Total Expenses | $155K |
| Net Assets | $-2,541 |
Is Coral Foundation For Excellence In Education Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Coral Foundation For Excellence In Education
Coral Foundation For Excellence In Education (EIN: 460783821) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code T50. The organization reported total revenue of $21K and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coral Foundation For Excellence In Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coral Foundation For Excellence In Education is a micro nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2012–2021).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -119.8% | -19.0% | -99.3% |
| 2020 | +246.4% | +67.8% | +6.0% |
| 2019 | -9.4% | +84.9% | -5.8% |
| 2015 | +12970500.0% | — | +30373.4% |
| 2014 | +0.0% | — | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Coral Foundation For Excellence In Education 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 Coral Foundation For Excellence In Education 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 (2021)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 119.3%.
Frequently Asked Questions about Coral Foundation For Excellence In Education
Is Coral Foundation For Excellence In Education a legitimate charity?
Based on AI analysis of IRS 990 filings, Coral Foundation For Excellence In Education (EIN: 460783821) insufficient data. 0 red flags identified, 0 strengths noted.
How does Coral Foundation For Excellence In Education spend its money?
Detailed spending breakdown data is not yet available for Coral Foundation For Excellence In Education. Check back for updated IRS 990 analysis.
Are donations to Coral Foundation For Excellence In Education tax-deductible?
Coral Foundation For Excellence In Education is registered as a tax-exempt nonprofit (EIN: 460783821). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Coral Foundation For Excellence In Education located?
Coral Foundation For Excellence In Education is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 460783821. It is classified under NTEE code T50.
How many years of IRS 990 filings does Coral Foundation For Excellence In Education have?
Coral Foundation For Excellence In Education has 7 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 $21K in total revenue.
Filing History
IRS 990 filing history for Coral Foundation For Excellence In Education showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2012–2021), Coral Foundation For Excellence In Education's revenue has declined by 1710.7%, moving from $5K to $-80,537. Total assets decreased by 73.1% over the same period, from $49K to $13K. Total functional expenses rose by 3711.6%, from $4K to $155K. The organization holds $16K in liabilities against $13K in assets (debt-to-asset ratio: 119.3%), resulting in net assets of $-2,541.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $-80,537 | $155K | $13K | $16K | — | — |
| 2020 | $407K | $191K | $1.8M | $1.6M | — | — |
| 2019 | $118K | $114K | $1.7M | $1.5M | — | View 990 |
| 2015 | $130K | $62K | $1.8M | $1.7M | — | View 990 |
| 2014 | $1 | $0 | $6K | $5K | — | View 990 |
| 2013 | $1 | $0 | $6K | $5K | — | View 990 |
| 2012 | $5K | $4K | $49K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $-80,537, expenses of $155K, and assets of $13K (revenue -119.8% year-over-year).
- 2020: Revenue of $407K, expenses of $191K, and assets of $1.8M (revenue +246.4% year-over-year).
- 2019: Revenue of $118K, expenses of $114K, and assets of $1.7M (revenue -9.4% year-over-year).
- 2015: Revenue of $130K, expenses of $62K, and assets of $1.8M (revenue +12970500.0% year-over-year).
- 2014: Revenue of $1, expenses of $0, and assets of $6K (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $6K (revenue -100.0% year-over-year).
- 2012: Revenue of $5K, expenses of $4K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coral Foundation For Excellence In Education:
Data Sources and Methodology
This transparency report for Coral Foundation For Excellence In Education 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.