Educare Inc
EIN: 631049997 · Tuscaloosa, AL · NTEE: P33Z
| Metric | Value |
|---|---|
| Total Expenses | $45K |
| Net Assets | $2K |
Is Educare Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Educare Inc
Educare Inc (EIN: 631049997) is a nonprofit organization based in Tuscaloosa, AL, classified under NTEE code P33Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educare Inc is a micro nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $45K |
| Surplus / Deficit | $-8,630 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -23.9% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2024, Educare Inc reported a deficit of $9K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2012–2024), Educare Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -14.1% | -12.8% | +188800.0% |
| 2023 | -9.0% | -9.1% | -100.0% |
| 2022 | -18.7% | +21.3% | -60.7% |
| 2021 | -8.8% | -28.5% | +152.6% |
| 2020 | +-0.0% | +2.9% | -30.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Educare 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 Educare 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
Frequently Asked Questions about Educare Inc
Is Educare Inc a legitimate charity?
Educare Inc (EIN: 631049997) is a registered tax-exempt nonprofit based in Alabama. It has 13 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Educare Inc spend its money?
Educare Inc reported its financials in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Educare Inc tax-deductible?
Educare Inc is registered as a tax-exempt nonprofit (EIN: 631049997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Educare Inc located?
Educare Inc is headquartered in Tuscaloosa, Alabama and files with the IRS under EIN 631049997. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Educare Inc have?
Educare Inc 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.
Filing History
IRS 990 filing history for Educare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Educare Inc's revenue has declined by 53.4%, moving from $77K to $36K. Total assets decreased by 61.5% over the same period, from $5K to $2K. Total functional expenses fell by 48.8%, from $87K to $45K. In its most recent filing year (2024), Educare Inc reported a deficit of $9K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $36K | $45K | $2K | $0 | — | View 990 |
| 2023 | $42K | $51K | $1 | $3K | — | View 990 |
| 2022 | $46K | $56K | $7K | $0 | — | View 990 |
| 2021 | $57K | $47K | $17K | $0 | — | — |
| 2020 | $62K | $65K | $7K | $0 | — | View 990 |
| 2019 | $62K | $63K | $10K | $0 | — | — |
| 2018 | $60K | $56K | $10K | $0 | — | View 990 |
| 2017 | $72K | $69K | $8K | $1K | — | View 990 |
| 2016 | $95K | $94K | $4K | $0 | — | View 990 |
| 2015 | $92K | $91K | $3K | $0 | — | View 990 |
| 2014 | $77K | $76K | $3K | $0 | — | View 990 |
| 2013 | $84K | $87K | $2K | $0 | — | View 990 |
| 2012 | $77K | $87K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $36K, expenses of $45K, and assets of $2K (revenue -14.1% year-over-year).
- 2023: Revenue of $42K, expenses of $51K, and assets of $1 (revenue -9.0% year-over-year).
- 2022: Revenue of $46K, expenses of $56K, and assets of $7K (revenue -18.7% year-over-year).
- 2021: Revenue of $57K, expenses of $47K, and assets of $17K (revenue -8.8% year-over-year).
- 2020: Revenue of $62K, expenses of $65K, and assets of $7K (revenue +-0.0% year-over-year).
- 2019: Revenue of $62K, expenses of $63K, and assets of $10K (revenue +3.5% year-over-year).
- 2018: Revenue of $60K, expenses of $56K, and assets of $10K (revenue -16.6% year-over-year).
- 2017: Revenue of $72K, expenses of $69K, and assets of $8K (revenue -24.0% year-over-year).
- 2016: Revenue of $95K, expenses of $94K, and assets of $4K (revenue +2.7% year-over-year).
- 2015: Revenue of $92K, expenses of $91K, and assets of $3K (revenue +19.8% year-over-year).
- 2014: Revenue of $77K, expenses of $76K, and assets of $3K (revenue -8.3% year-over-year).
- 2013: Revenue of $84K, expenses of $87K, and assets of $2K (revenue +8.7% year-over-year).
- 2012: Revenue of $77K, expenses of $87K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educare Inc:
Data Sources and Methodology
This transparency report for Educare 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.