Corporation For Effective Schooling
EIN: 561996482 · Durham, NC · NTEE: B25Z
| Metric | Value |
|---|---|
| Total Revenue | $7.4M |
| Total Expenses | $8.0M |
| Net Assets | $766K |
Is Corporation For Effective Schooling Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Corporation For Effective Schooling
Corporation For Effective Schooling (EIN: 561996482) is a nonprofit organization based in Durham, NC, classified under NTEE code B25Z. The organization reported total revenue of $7.4M and total assets of $19.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corporation For Effective Schooling's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corporation For Effective Schooling is a mid-size nonprofit that has been operating for 28 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $8.0M |
| Surplus / Deficit | $-594,165 |
| Total Assets | $19.8M |
| Total Liabilities | $19.0M |
| Net Assets | $766K |
| Operating Margin | -8.0% |
| Debt-to-Asset Ratio | 96.1% |
| Months of Reserves | 29.5 months |
Financial Health Grade: C
In 2024, Corporation For Effective Schooling reported a deficit of $594K with expenses exceeding revenue, holds 29.5 months of operating reserves (strong position), has a debt-to-asset ratio of 96.1% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Corporation For Effective Schooling's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.7% | +25.3% | -3.0% |
| 2023 | +109.8% | +3.3% | -2.9% |
| 2022 | -49.0% | +38.2% | +239.3% |
| 2021 | -2.9% | -14.5% | +3.5% |
| 2020 | -2.7% | -9.6% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Corporation For Effective Schooling 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 Corporation For Effective Schooling 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $594K, with expenses exceeding revenue.
- Debt-to-asset ratio: 96.1%.
Frequently Asked Questions about Corporation For Effective Schooling
Is Corporation For Effective Schooling a legitimate charity?
Based on AI analysis of IRS 990 filings, Corporation For Effective Schooling (EIN: 561996482) insufficient data. 0 red flags identified, 0 strengths noted.
How does Corporation For Effective Schooling spend its money?
Detailed spending breakdown data is not yet available for Corporation For Effective Schooling. Check back for updated IRS 990 analysis.
Are donations to Corporation For Effective Schooling tax-deductible?
Corporation For Effective Schooling is registered as a tax-exempt nonprofit (EIN: 561996482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Corporation For Effective Schooling located?
Corporation For Effective Schooling is headquartered in Durham, North Carolina and files with the IRS under EIN 561996482. It is classified under NTEE code B25Z.
How many years of IRS 990 filings does Corporation For Effective Schooling have?
Corporation For Effective Schooling 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 $7.4M in total revenue.
Filing History
IRS 990 filing history for Corporation For Effective Schooling showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Corporation For Effective Schooling's revenue has grown by 43.4%, moving from $5.2M to $7.4M. Total assets increased by 629.2% over the same period, from $2.7M to $19.8M. Total functional expenses rose by 79.3%, from $4.5M to $8.0M. In its most recent filing year (2024), Corporation For Effective Schooling reported a deficit of $594K, with expenses exceeding revenue. The organization holds $19.0M in liabilities against $19.8M in assets (debt-to-asset ratio: 96.1%), resulting in net assets of $766K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $7.4M | $8.0M | $19.8M | $19.0M | — | — |
| 2023 | $5.8M | $6.4M | $20.4M | $19.0M | — | View 990 |
| 2022 | $2.8M | $6.2M | $21.0M | $19.0M | — | View 990 |
| 2021 | $5.5M | $4.5M | $6.2M | $746K | — | View 990 |
| 2020 | $5.6M | $5.3M | $6.0M | $1.5M | — | View 990 |
| 2019 | $5.8M | $5.8M | $6.3M | $2.2M | — | View 990 |
| 2018 | $5.9M | $6.1M | $7.0M | $2.8M | — | View 990 |
| 2017 | $9.4M | $9.0M | $7.8M | $3.4M | — | View 990 |
| 2016 | $9.5M | $9.2M | $8.0M | $4.0M | — | View 990 |
| 2015 | $8.8M | $8.5M | $7.9M | $4.2M | — | View 990 |
| 2014 | $9.0M | $8.3M | $7.9M | $4.5M | — | View 990 |
| 2013 | $8.4M | $7.9M | $8.4M | $5.6M | — | View 990 |
| 2012 | $5.2M | $5.0M | $8.2M | $6.0M | — | View 990 |
| 2011 | $5.2M | $4.5M | $2.7M | $617K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.4M, expenses of $8.0M, and assets of $19.8M (revenue +27.7% year-over-year).
- 2023: Revenue of $5.8M, expenses of $6.4M, and assets of $20.4M (revenue +109.8% year-over-year).
- 2022: Revenue of $2.8M, expenses of $6.2M, and assets of $21.0M (revenue -49.0% year-over-year).
- 2021: Revenue of $5.5M, expenses of $4.5M, and assets of $6.2M (revenue -2.9% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.3M, and assets of $6.0M (revenue -2.7% year-over-year).
- 2019: Revenue of $5.8M, expenses of $5.8M, and assets of $6.3M (revenue -1.9% year-over-year).
- 2018: Revenue of $5.9M, expenses of $6.1M, and assets of $7.0M (revenue -37.5% year-over-year).
- 2017: Revenue of $9.4M, expenses of $9.0M, and assets of $7.8M (revenue -1.3% year-over-year).
- 2016: Revenue of $9.5M, expenses of $9.2M, and assets of $8.0M (revenue +7.8% year-over-year).
- 2015: Revenue of $8.8M, expenses of $8.5M, and assets of $7.9M (revenue -1.3% year-over-year).
- 2014: Revenue of $9.0M, expenses of $8.3M, and assets of $7.9M (revenue +6.7% year-over-year).
- 2013: Revenue of $8.4M, expenses of $7.9M, and assets of $8.4M (revenue +62.5% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.0M, and assets of $8.2M (revenue -0.5% year-over-year).
- 2011: Revenue of $5.2M, expenses of $4.5M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corporation For Effective Schooling:
Data Sources and Methodology
This transparency report for Corporation For Effective Schooling 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.