Educate Tomorrow Corp
EIN: 510493526 · Miami Shores, FL · NTEE: Q30
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $2.8M |
| Net Assets | $453K |
Is Educate Tomorrow Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Educate Tomorrow Corp
Educate Tomorrow Corp (EIN: 510493526) is a nonprofit organization based in Miami Shores, FL, classified under NTEE code Q30. The organization reported total revenue of $5.3M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educate Tomorrow Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educate Tomorrow Corp is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$191K |
| Total Assets | $600K |
| Total Liabilities | $147K |
| Net Assets | $453K |
| Operating Margin | 6.4% |
| Debt-to-Asset Ratio | 24.5% |
| Months of Reserves | 2.6 months |
Financial Health Grade: A
In 2023, Educate Tomorrow Corp reported a surplus of $191K with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 24.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Educate Tomorrow Corp's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | -12.2% | -17.7% |
| 2022 | +6.9% | +8.4% | +30.8% |
| 2021 | -7.9% | -3.1% | -44.8% |
| 2020 | +11.3% | +11.5% | +20.4% |
| 2019 | +6.2% | +5.6% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Educate Tomorrow Corp 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 Educate Tomorrow Corp 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 $191K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.5%.
Frequently Asked Questions about Educate Tomorrow Corp
Is Educate Tomorrow Corp a legitimate charity?
Educate Tomorrow Corp (EIN: 510493526) is a registered tax-exempt nonprofit based in Florida. It has 13 years of IRS 990 filings on record. Total revenue: $5.3M. No red flags identified. Financial health grade: A.
How does Educate Tomorrow Corp spend its money?
Educate Tomorrow Corp reported $5.3M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Educate Tomorrow Corp tax-deductible?
Educate Tomorrow Corp is registered as a tax-exempt nonprofit (EIN: 510493526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Educate Tomorrow Corp located?
Educate Tomorrow Corp is headquartered in Miami Shores, Florida and files with the IRS under EIN 510493526. It is classified under NTEE code Q30.
How many years of IRS 990 filings does Educate Tomorrow Corp have?
Educate Tomorrow Corp 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 $5.3M in total revenue.
Filing History
IRS 990 filing history for Educate Tomorrow Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Educate Tomorrow Corp's revenue has grown by 402.1%, moving from $590K to $3.0M. Total assets increased by 1385.8% over the same period, from $40K to $600K. Total functional expenses rose by 349.3%, from $617K to $2.8M. In its most recent filing year (2023), Educate Tomorrow Corp reported a surplus of $191K, with revenue exceeding expenses. The organization holds $147K in liabilities against $600K in assets (debt-to-asset ratio: 24.5%), resulting in net assets of $453K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $2.8M | $600K | $147K | — | — |
| 2022 | $3.0M | $3.2M | $729K | $470K | — | View 990 |
| 2021 | $2.8M | $2.9M | $557K | $114K | — | View 990 |
| 2020 | $3.0M | $3.0M | $1.0M | $443K | — | View 990 |
| 2019 | $2.7M | $2.7M | $839K | $293K | — | View 990 |
| 2018 | $2.6M | $2.6M | $803K | $278K | — | View 990 |
| 2017 | $1.7M | $1.7M | $658K | $141K | — | View 990 |
| 2016 | $1.3M | $1.3M | $515K | $43K | — | View 990 |
| 2015 | $1.1M | $940K | $540K | $72K | — | View 990 |
| 2014 | $924K | $743K | $363K | $50K | — | View 990 |
| 2013 | $653K | $606K | $161K | $31K | — | View 990 |
| 2012 | $550K | $453K | $101K | $20K | — | View 990 |
| 2011 | $590K | $617K | $40K | $56K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $2.8M, and assets of $600K (revenue -0.5% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.2M, and assets of $729K (revenue +6.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.9M, and assets of $557K (revenue -7.9% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.0M, and assets of $1.0M (revenue +11.3% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.7M, and assets of $839K (revenue +6.2% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.6M, and assets of $803K (revenue +47.3% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $658K (revenue +31.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $515K (revenue +20.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $940K, and assets of $540K (revenue +18.7% year-over-year).
- 2014: Revenue of $924K, expenses of $743K, and assets of $363K (revenue +41.4% year-over-year).
- 2013: Revenue of $653K, expenses of $606K, and assets of $161K (revenue +18.7% year-over-year).
- 2012: Revenue of $550K, expenses of $453K, and assets of $101K (revenue -6.7% year-over-year).
- 2011: Revenue of $590K, expenses of $617K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educate Tomorrow Corp:
Data Sources and Methodology
This transparency report for Educate Tomorrow Corp 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.