Drake State Technical College Foundation Inc
EIN: 631002142 · Huntsville, AL
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $248K |
| Net Assets | $384K |
Is Drake State Technical College Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Drake State Technical College Foundation Inc
Drake State Technical College Foundation Inc (EIN: 631002142) is a nonprofit organization based in Huntsville, AL. The organization reported total revenue of $1.3M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drake State Technical College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drake State Technical College Foundation Inc is a mid-size nonprofit that has been operating for 37 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 39.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $320K |
| Total Expenses | $248K |
| Surplus / Deficit | +$72K |
| Total Assets | $384K |
| Net Assets | $384K |
| Operating Margin | 22.4% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, Drake State Technical College Foundation Inc reported a surplus of $72K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Drake State Technical College Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 39.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.5% | +179.4% | +23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Drake State Technical College Foundation Inc 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 Drake State Technical College Foundation Inc 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 surplus of $72K, with revenue exceeding expenses.
Frequently Asked Questions about Drake State Technical College Foundation Inc
Is Drake State Technical College Foundation Inc a legitimate charity?
Drake State Technical College Foundation Inc (EIN: 631002142) is a registered tax-exempt nonprofit based in Alabama. It has 2 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: A.
How does Drake State Technical College Foundation Inc spend its money?
Drake State Technical College Foundation Inc reported $1.3M in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Drake State Technical College Foundation Inc tax-deductible?
Drake State Technical College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 631002142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Drake State Technical College Foundation Inc located?
Drake State Technical College Foundation Inc is headquartered in Huntsville, Alabama and files with the IRS under EIN 631002142.
How many years of IRS 990 filings does Drake State Technical College Foundation Inc have?
Drake State Technical College Foundation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for Drake State Technical College Foundation Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Drake State Technical College Foundation Inc's revenue has grown by 39.5%, moving from $229K to $320K. Total assets increased by 23.3% over the same period, from $312K to $384K. Total functional expenses rose by 179.4%, from $89K to $248K. In its most recent filing year (2023), Drake State Technical College Foundation Inc reported a surplus of $72K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $320K | $248K | $384K | $0 | — | — |
| 2022 | $229K | $89K | $312K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drake State Technical College Foundation Inc:
Data Sources and Methodology
This transparency report for Drake State Technical College Foundation Inc 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.