Education Forward Arizona
Education Forward Arizona maintains strong assets despite fluctuating revenue and occasional expense overruns.
EIN: 202366755 · Phoenix, AZ · Updated: 2026-03-28
Is Education Forward Arizona Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Education Forward Arizona directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Education Forward Arizona
Education Forward Arizona (EIN: 202366755) is a nonprofit organization based in Phoenix, AZ. The organization reported total revenue of $13.0M and total assets of $20.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Education Forward Arizona's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Education Forward Arizona is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $7.2M |
| Surplus / Deficit | $-953,047 |
| Total Assets | $20.7M |
| Total Liabilities | $2.0M |
| Net Assets | $18.7M |
| Operating Margin | -15.2% |
| Debt-to-Asset Ratio | 9.4% |
| Months of Reserves | 34.4 months |
Financial Health Grade: B
In 2023, Education Forward Arizona reported a deficit of $953K with expenses exceeding revenue, holds 34.4 months of operating reserves (strong position), has a debt-to-asset ratio of 9.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Education Forward Arizona's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.2% | +17.1% | +0.4% |
| 2022 | +45.5% | +7.3% | +8.3% |
| 2021 | +28.4% | +11.0% | +16.1% |
| 2020 | +53.1% | +11.7% | -1.3% |
| 2019 | +66.6% | +17.0% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Education Forward Arizona with a Mission Score of 75 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, Education Forward Arizona 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $953K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.4%.
Executive Compensation Analysis
Education Forward Arizona consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with over $6 million in annual expenses.
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 Education Forward Arizona's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization of this size, which may obscure actual compensation methods or indicate reliance on external funding for executive roles.
- Expenses exceeded revenue in the most recent filing period (2023), indicating a potential operating deficit.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, limiting full spending efficiency analysis.
Strengths
The following positive indicators were identified for Education Forward Arizona:
- Strong and growing asset base, reaching $20,694,562 in 2023, indicating financial stability.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- Consistent financial reporting over 13 periods, demonstrating a commitment to transparency through regular filings.
Frequently Asked Questions about Education Forward Arizona
Is Education Forward Arizona a legitimate charity?
Based on AI analysis of IRS 990 filings, Education Forward Arizona (EIN: 202366755) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Education Forward Arizona spend its money?
Education Forward Arizona directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Education Forward Arizona tax-deductible?
Education Forward Arizona is registered as a tax-exempt nonprofit (EIN: 202366755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does Education Forward Arizona consistently report 0% officer compensation?
The IRS 990 filings for Education Forward Arizona consistently show 0% officer compensation across all reported periods. This could mean that officers are unpaid volunteers, compensated through a related entity not reported on the 990, or that compensation is reported under a different expense category. Further investigation into their compensation practices would be beneficial.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not include a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency and is typically available in Part IX of the IRS Form 990.
Why did expenses exceed revenue in 2023 ($7,219,589 vs $6,266,542)?
In 2023, Education Forward Arizona's expenses exceeded its revenue by nearly $1 million. This could be due to strategic investments, timing differences in grant receipts, or increased operational costs. Understanding the specific reasons for this deficit is important for assessing financial planning.
How does Education Forward Arizona manage its significant asset base?
With assets consistently over $16 million and reaching $20,694,562 in 2023, understanding the composition and management of these assets (e.g., investments, endowments, property) is key to evaluating the organization's long-term financial strategy and sustainability.
Filing History
IRS 990 filing history for Education Forward Arizona showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Education Forward Arizona's revenue has grown by 314.3%, moving from $1.5M to $6.3M. Total assets increased by 18.8% over the same period, from $17.4M to $20.7M. Total functional expenses rose by 188%, from $2.5M to $7.2M. In its most recent filing year (2023), Education Forward Arizona reported a deficit of $953K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $20.7M in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $18.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $7.2M | $20.7M | $2.0M | — | — |
| 2022 | $9.2M | $6.2M | $20.6M | $1.6M | — | View 990 |
| 2021 | $6.3M | $5.7M | $19.0M | $2.1M | — | View 990 |
| 2020 | $4.9M | $5.2M | $16.4M | $246K | — | View 990 |
| 2019 | $3.2M | $4.6M | $16.6M | $1.4M | — | View 990 |
| 2018 | $1.9M | $4.0M | $16.7M | $902K | — | View 990 |
| 2017 | $5.9M | $3.1M | $18.7M | $22K | — | View 990 |
| 2016 | $2.8M | $3.3M | $15.3M | $232K | — | View 990 |
| 2015 | $2.7M | $3.5M | $16.4M | $76K | — | View 990 |
| 2014 | $5.0M | $3.2M | $17.8M | $42K | — | View 990 |
| 2013 | $1.5M | $2.9M | $16.0M | $64K | — | View 990 |
| 2012 | $1.9M | $3.6M | $16.6M | $63K | — | View 990 |
| 2011 | $1.5M | $2.5M | $17.4M | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $7.2M, and assets of $20.7M (revenue -32.2% year-over-year).
- 2022: Revenue of $9.2M, expenses of $6.2M, and assets of $20.6M (revenue +45.5% year-over-year).
- 2021: Revenue of $6.3M, expenses of $5.7M, and assets of $19.0M (revenue +28.4% year-over-year).
- 2020: Revenue of $4.9M, expenses of $5.2M, and assets of $16.4M (revenue +53.1% year-over-year).
- 2019: Revenue of $3.2M, expenses of $4.6M, and assets of $16.6M (revenue +66.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $4.0M, and assets of $16.7M (revenue -67.3% year-over-year).
- 2017: Revenue of $5.9M, expenses of $3.1M, and assets of $18.7M (revenue +115.3% year-over-year).
- 2016: Revenue of $2.8M, expenses of $3.3M, and assets of $15.3M (revenue +1.7% year-over-year).
- 2015: Revenue of $2.7M, expenses of $3.5M, and assets of $16.4M (revenue -45.5% year-over-year).
- 2014: Revenue of $5.0M, expenses of $3.2M, and assets of $17.8M (revenue +224.0% year-over-year).
- 2013: Revenue of $1.5M, expenses of $2.9M, and assets of $16.0M (revenue -18.7% year-over-year).
- 2012: Revenue of $1.9M, expenses of $3.6M, and assets of $16.6M (revenue +25.0% year-over-year).
- 2011: Revenue of $1.5M, expenses of $2.5M, and assets of $17.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Education Forward Arizona:
Data Sources and Methodology
This transparency report for Education Forward Arizona 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.