Eastlake High School Of Colorado Springs
Eastlake High School Of Colorado Springs faces persistent liabilities exceeding assets despite consistent revenue growth.
EIN: 201486327 · Colorado Spgs, CO · NTEE: B29 · Updated: 2026-03-28
Is Eastlake High School Of Colorado Springs Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eastlake High School Of Colorado Springs directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eastlake High School Of Colorado Springs
Eastlake High School Of Colorado Springs (EIN: 201486327) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code B29. The organization reported total revenue of $1.7M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastlake High School Of Colorado Springs's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastlake High School Of Colorado Springs is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$312K |
| Total Assets | $1.7M |
| Total Liabilities | $2.5M |
| Net Assets | $-863,697 |
| Operating Margin | 14.6% |
| Debt-to-Asset Ratio | 152.0% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2024, Eastlake High School Of Colorado Springs reported a surplus of $312K with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 152.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2024), Eastlake High School Of Colorado Springs's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +23.5% | +37.9% | +57.8% |
| 2023 | +27.3% | -8.6% | +15.8% |
| 2022 | -17.6% | -35.5% | -50.1% |
| 2021 | -3.7% | -19.9% | -39.5% |
| 2020 | -44.4% | -31.5% | +63.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Eastlake High School Of Colorado Springs with a Mission Score of 65 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: 80%
- fundraising: 5%
According to IRS 990 filings, Eastlake High School Of Colorado Springs allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $312K, with revenue exceeding expenses.
- Debt-to-asset ratio: 152.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly favorable for an organization of its size with revenues exceeding $2 million.
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 Eastlake High School Of Colorado Springs's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating potential long-term financial strain (e.g., 2024: Liabilities $2,523,981, Assets $1,660,284).
- Frequent operating deficits where expenses exceed revenue (e.g., 2020, 2021, 2022).
- Significant fluctuations in revenue and expenses year-over-year, suggesting potential instability in financial planning or operations.
Strengths
The following positive indicators were identified for Eastlake High School Of Colorado Springs:
- Consistent revenue generation, with the latest revenue at $2,135,162 in 2024.
- Zero reported officer compensation across all filings, indicating efficient use of funds regarding executive pay.
- Clear mission focus as an educational institution (NTEE B29).
Frequently Asked Questions about Eastlake High School Of Colorado Springs
Is Eastlake High School Of Colorado Springs a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastlake High School Of Colorado Springs (EIN: 201486327) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Eastlake High School Of Colorado Springs spend its money?
Eastlake High School Of Colorado Springs directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eastlake High School Of Colorado Springs tax-deductible?
Eastlake High School Of Colorado Springs is registered as a tax-exempt nonprofit (EIN: 201486327). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Eastlake High School Of Colorado Springs financially stable?
The organization's financial stability is questionable given that liabilities have consistently exceeded assets in recent years, reaching $2,523,981 in liabilities against $1,660,284 in assets in 2024. While revenue has grown, the balance sheet indicates potential long-term financial challenges.
How has Eastlake High School Of Colorado Springs's revenue trended?
Revenue has generally trended upwards over the past decade, from $1,630,814 in 2014 to $2,135,162 in 2024, though there have been fluctuations, including a peak of $3,080,475 in 2018.
What is the organization's approach to executive compensation?
Eastlake High School Of Colorado Springs reports 0% officer compensation in all available filings, suggesting a practice of not paying its officers, which is a strong indicator of fiscal conservatism in this area.
Does the organization consistently operate at a surplus?
No, the organization has frequently operated at a deficit, with expenses exceeding revenue in multiple periods, such as 2020 (expenses $2,801,791 vs. revenue $1,713,096) and 2022 (expenses $1,446,663 vs. revenue $1,358,510).
Filing History
IRS 990 filing history for Eastlake High School Of Colorado Springs showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Eastlake High School Of Colorado Springs's revenue has grown by 13.4%, moving from $1.9M to $2.1M. Total assets increased by 284.6% over the same period, from $432K to $1.7M. Total functional expenses fell by 1.6%, from $1.9M to $1.8M. In its most recent filing year (2024), Eastlake High School Of Colorado Springs reported a surplus of $312K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $1.7M in assets (debt-to-asset ratio: 152.0%), resulting in net assets of $-863,697.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.1M | $1.8M | $1.7M | $2.5M | — | View 990 |
| 2023 | $1.7M | $1.3M | $1.1M | $2.2M | — | View 990 |
| 2022 | $1.4M | $1.4M | $908K | $2.5M | — | View 990 |
| 2021 | $1.6M | $2.2M | $1.8M | $3.4M | — | View 990 |
| 2020 | $1.7M | $2.8M | $3.0M | $4.0M | — | — |
| 2018 | $3.1M | $4.1M | $1.8M | $5.2M | — | View 990 |
| 2017 | $2.5M | $3.1M | $2.2M | $4.5M | — | View 990 |
| 2016 | $2.1M | $2.2M | $733K | $2.1M | — | View 990 |
| 2015 | $1.9M | $2.0M | $446K | $1.8M | — | View 990 |
| 2014 | $1.6M | $1.7M | $384K | $132K | — | View 990 |
| 2013 | $1.8M | $1.8M | $448K | $154K | — | View 990 |
| 2012 | $1.9M | $1.9M | $432K | $127K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.1M, expenses of $1.8M, and assets of $1.7M (revenue +23.5% year-over-year).
- 2023: Revenue of $1.7M, expenses of $1.3M, and assets of $1.1M (revenue +27.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $908K (revenue -17.6% year-over-year).
- 2021: Revenue of $1.6M, expenses of $2.2M, and assets of $1.8M (revenue -3.7% year-over-year).
- 2020: Revenue of $1.7M, expenses of $2.8M, and assets of $3.0M (revenue -44.4% year-over-year).
- 2018: Revenue of $3.1M, expenses of $4.1M, and assets of $1.8M (revenue +24.4% year-over-year).
- 2017: Revenue of $2.5M, expenses of $3.1M, and assets of $2.2M (revenue +15.6% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.2M, and assets of $733K (revenue +13.0% year-over-year).
- 2015: Revenue of $1.9M, expenses of $2.0M, and assets of $446K (revenue +16.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $384K (revenue -10.2% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $448K (revenue -3.5% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.9M, and assets of $432K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastlake High School Of Colorado Springs:
Data Sources and Methodology
This transparency report for Eastlake High School Of Colorado Springs 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.