Council For Economic Education
Council For Economic Education faces deficit spending with expenses exceeding revenue in recent years.
EIN: 131623848 · New York, NY · NTEE: V22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $8.1M |
| Program Spending | 75% |
| Net Assets | $2.2M |
| Transparency Score | 70/100 |
Is Council For Economic Education Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Council For Economic Education directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Council For Economic Education
Council For Economic Education (EIN: 131623848) is a nonprofit organization based in New York, NY, classified under NTEE code V22Z. The organization reported total revenue of $8.0M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Council For Economic Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Council For Economic Education is a mid-size nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $8.1M |
| Surplus / Deficit | $-2,087,426 |
| Total Assets | $3.3M |
| Total Liabilities | $1.1M |
| Net Assets | $2.2M |
| Operating Margin | -34.9% |
| Debt-to-Asset Ratio | 34.0% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2023, Council For Economic Education reported a deficit of $2.1M with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 34.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Council For Economic Education's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.9% | +13.1% | -42.2% |
| 2022 | -3.1% | +26.5% | +0.1% |
| 2021 | +62.3% | +12.5% | +29.7% |
| 2020 | -35.8% | -3.2% | -8.6% |
| 2019 | +49.2% | +21.4% | +38.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1951 |
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 Council For Economic Education with a Mission Score of 70 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, Council For Economic Education 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 deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of this size with annual revenues in the millions and suggests either a volunteer leadership model or compensation being covered by an affiliated entity, which would require further investigation for full transparency.
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 Council For Economic Education's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., $2,087,426 deficit in 2023, $497,993 deficit in 2022).
- Significant decrease in assets from $5,639,247 in 2022 to $3,258,556 in 2023, potentially indicating reliance on reserves.
- Reporting 0% officer compensation for an organization of this size, which, while transparent, is highly unusual and may warrant further inquiry into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Council For Economic Education:
- Strong transparency regarding executive compensation, consistently reporting 0% officer compensation.
- Consistent generation of multi-million dollar revenues annually, indicating a strong fundraising capacity.
- Historically strong program spending focus, estimated at 75% of total expenses.
Frequently Asked Questions about Council For Economic Education
Is Council For Economic Education a legitimate charity?
Council For Economic Education (EIN: 131623848) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.0M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Council For Economic Education spend its money?
Council For Economic Education directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Council For Economic Education tax-deductible?
Council For Economic Education is registered as a tax-exempt nonprofit (EIN: 131623848). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Council For Economic Education's spending goes to programs?
Council For Economic Education directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Council For Economic Education compare to similar nonprofits?
With a transparency score of 70/100 (Good), Council For Economic Education is above average for NTEE category V22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Council For Economic Education located?
Council For Economic Education is headquartered in New York, New York and files with the IRS under EIN 131623848. It is classified under NTEE code V22Z.
How many years of IRS 990 filings does Council For Economic Education have?
Council For Economic Education has 13 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 $8.0M in total revenue.
Is Council For Economic Education a good charity?
The Council For Economic Education exhibits strong transparency regarding executive compensation, reporting 0% officer compensation across all filings. However, recent years show expenses exceeding revenue, with a $2,087,426 deficit in 2023 and a $497,993 deficit in 2022, which raises questions about long-term financial sustainability if this trend continues. Their commitment to program spending, estimated at 75%, is positive, but the deficit spending needs to be addressed.
What is the trend in the organization's financial health?
The organization's financial health shows a concerning trend of increasing expenses relative to revenue in recent years. In 2023, expenses were $8,070,379 against revenues of $5,982,953, and in 2022, expenses were $7,138,448 against revenues of $6,640,455. This contrasts with earlier years like 2021 and 2019 where revenue exceeded expenses, indicating a shift towards deficit spending.
How has the organization's asset base changed?
The organization's asset base has fluctuated significantly. It saw a peak of $5,639,247 in 2022 but then decreased substantially to $3,258,556 in 2023. This reduction of over $2.3 million in assets in a single year, coupled with deficit spending, suggests the organization may be drawing down its reserves.
Filing History
IRS 990 filing history for Council For Economic Education showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Council For Economic Education's revenue has declined by 40%, moving from $10.0M to $6.0M. Total assets decreased by 35.7% over the same period, from $5.1M to $3.3M. Total functional expenses fell by 15.2%, from $9.5M to $8.1M. In its most recent filing year (2023), Council For Economic Education reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $3.3M in assets (debt-to-asset ratio: 34.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $8.1M | $3.3M | $1.1M | — | — |
| 2022 | $6.6M | $7.1M | $5.6M | $1.4M | — | View 990 |
| 2021 | $6.9M | $5.6M | $5.6M | $898K | — | View 990 |
| 2020 | $4.2M | $5.0M | $4.3M | $815K | — | View 990 |
| 2019 | $6.6M | $5.2M | $4.8M | $429K | — | — |
| 2018 | $4.4M | $4.3M | $3.4M | $493K | — | View 990 |
| 2017 | $4.4M | $4.7M | $3.2M | $410K | — | View 990 |
| 2016 | $3.9M | $5.2M | $3.8M | $669K | — | View 990 |
| 2015 | $5.1M | $5.4M | $5.1M | $768K | — | View 990 |
| 2014 | $4.5M | $5.7M | $5.4M | $686K | — | View 990 |
| 2013 | $5.3M | $6.7M | $6.6M | $608K | — | View 990 |
| 2012 | $10.0M | $6.8M | $8.1M | $622K | — | View 990 |
| 2011 | $10.0M | $9.5M | $5.1M | $868K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $8.1M, and assets of $3.3M (revenue -9.9% year-over-year).
- 2022: Revenue of $6.6M, expenses of $7.1M, and assets of $5.6M (revenue -3.1% year-over-year).
- 2021: Revenue of $6.9M, expenses of $5.6M, and assets of $5.6M (revenue +62.3% year-over-year).
- 2020: Revenue of $4.2M, expenses of $5.0M, and assets of $4.3M (revenue -35.8% year-over-year).
- 2019: Revenue of $6.6M, expenses of $5.2M, and assets of $4.8M (revenue +49.2% year-over-year).
- 2018: Revenue of $4.4M, expenses of $4.3M, and assets of $3.4M (revenue -0.1% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.7M, and assets of $3.2M (revenue +12.6% year-over-year).
- 2016: Revenue of $3.9M, expenses of $5.2M, and assets of $3.8M (revenue -22.5% year-over-year).
- 2015: Revenue of $5.1M, expenses of $5.4M, and assets of $5.1M (revenue +12.3% year-over-year).
- 2014: Revenue of $4.5M, expenses of $5.7M, and assets of $5.4M (revenue -14.4% year-over-year).
- 2013: Revenue of $5.3M, expenses of $6.7M, and assets of $6.6M (revenue -47.4% year-over-year).
- 2012: Revenue of $10.0M, expenses of $6.8M, and assets of $8.1M (revenue +0.5% year-over-year).
- 2011: Revenue of $10.0M, expenses of $9.5M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Council For Economic Education:
Data Sources and Methodology
This transparency report for Council For Economic 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.