Ecmc Education Inc
EIN: 472237488 · Minneapolis, MN · NTEE: B40
| Metric | Value |
|---|---|
| Total Revenue | $14.0M |
| Total Expenses | $12.9M |
| Net Assets | $-22,659,773 |
Is Ecmc Education Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ecmc Education Inc
Ecmc Education Inc (EIN: 472237488) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B40. The organization reported total revenue of $14.0M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ecmc Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ecmc Education Inc is a large nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.6M |
| Total Expenses | $12.9M |
| Surplus / Deficit | +$18.7M |
| Total Assets | $5.9M |
| Total Liabilities | $28.6M |
| Net Assets | $-22,659,773 |
| Operating Margin | 59.3% |
| Debt-to-Asset Ratio | 484.7% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Ecmc Education Inc reported a surplus of $18.7M with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 484.7% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Ecmc Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.4% | -74.2% | -50.1% |
| 2022 | -26.6% | -2.5% | +32.3% |
| 2021 | -23.5% | +35.4% | -12.5% |
| 2020 | +11.2% | -27.4% | -0.2% |
| 2019 | -59.5% | -75.5% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ecmc Education 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 Ecmc Education 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 $18.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 484.7%.
Frequently Asked Questions about Ecmc Education Inc
Is Ecmc Education Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ecmc Education Inc (EIN: 472237488) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ecmc Education Inc spend its money?
Detailed spending breakdown data is not yet available for Ecmc Education Inc. Check back for updated IRS 990 analysis.
Are donations to Ecmc Education Inc tax-deductible?
Ecmc Education Inc is registered as a tax-exempt nonprofit (EIN: 472237488). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ecmc Education Inc located?
Ecmc Education Inc is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 472237488. It is classified under NTEE code B40.
How many years of IRS 990 filings does Ecmc Education Inc have?
Ecmc Education Inc has 10 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 $14.0M in total revenue.
Filing History
IRS 990 filing history for Ecmc Education Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Ecmc Education Inc's revenue has grown by 26.4%, moving from $25.0M to $31.6M. Total assets decreased by 76.4% over the same period, from $25.0M to $5.9M. In its most recent filing year (2023), Ecmc Education Inc reported a surplus of $18.7M, with revenue exceeding expenses. The organization holds $28.6M in liabilities against $5.9M in assets (debt-to-asset ratio: 484.7%), resulting in net assets of $-22,659,773.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.6M | $12.9M | $5.9M | $28.6M | — | — |
| 2022 | $43.5M | $49.8M | $11.8M | $53.2M | — | View 990 |
| 2021 | $59.3M | $51.0M | $8.9M | $44.0M | — | View 990 |
| 2020 | $77.5M | $37.7M | $10.2M | $53.6M | — | — |
| 2019 | $69.7M | $52.0M | $10.2M | $93.4M | — | — |
| 2018 | $172.3M | $212.0M | $11.0M | $112.0M | — | View 990 |
| 2017 | $275.1M | $297.7M | $20.4M | $81.6M | — | View 990 |
| 2016 | $678.8M | $441.7M | $42.5M | $81.1M | — | View 990 |
| 2015 | $344.3M | $640.5M | $108.6M | $379.8M | — | View 990 |
| 2014 | $25.0M | $0 | $25.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.6M, expenses of $12.9M, and assets of $5.9M (revenue -27.4% year-over-year).
- 2022: Revenue of $43.5M, expenses of $49.8M, and assets of $11.8M (revenue -26.6% year-over-year).
- 2021: Revenue of $59.3M, expenses of $51.0M, and assets of $8.9M (revenue -23.5% year-over-year).
- 2020: Revenue of $77.5M, expenses of $37.7M, and assets of $10.2M (revenue +11.2% year-over-year).
- 2019: Revenue of $69.7M, expenses of $52.0M, and assets of $10.2M (revenue -59.5% year-over-year).
- 2018: Revenue of $172.3M, expenses of $212.0M, and assets of $11.0M (revenue -37.4% year-over-year).
- 2017: Revenue of $275.1M, expenses of $297.7M, and assets of $20.4M (revenue -59.5% year-over-year).
- 2016: Revenue of $678.8M, expenses of $441.7M, and assets of $42.5M (revenue +97.2% year-over-year).
- 2015: Revenue of $344.3M, expenses of $640.5M, and assets of $108.6M (revenue +1277.0% year-over-year).
- 2014: Revenue of $25.0M, expenses of $0, and assets of $25.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ecmc Education Inc:
Data Sources and Methodology
This transparency report for Ecmc Education 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.