Education Reform Now Inc
Education Reform Now Inc. shows strong asset growth and zero reported officer compensation amidst fluctuating revenues.
EIN: 203687838 · New York, NY · NTEE: B052 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $12.9M |
| Program Spending | 85% |
| Net Assets | $16.8M |
| Transparency Score | 88/100 |
Is Education Reform Now Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Education Reform Now Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Education Reform Now Inc
Education Reform Now Inc (EIN: 203687838) is a nonprofit organization based in New York, NY, classified under NTEE code B052. The organization reported total revenue of $6.4M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Education Reform Now Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Education Reform Now Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.5M |
| Total Expenses | $12.9M |
| Surplus / Deficit | $-2,449,933 |
| Total Assets | $17.5M |
| Total Liabilities | $732K |
| Net Assets | $16.8M |
| Operating Margin | -23.4% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 16.3 months |
Financial Health Grade: B
In 2023, Education Reform Now Inc reported a deficit of $2.4M with expenses exceeding revenue, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Education Reform Now Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -47.6% | +9.1% | -12.3% |
| 2022 | +105.3% | +45.2% | +55.5% |
| 2021 | +11.1% | +13.2% | +23.8% |
| 2020 | -24.1% | -10.8% | +15.6% |
| 2019 | +102.6% | -0.6% | +61.4% |
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 Education Reform Now Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Education Reform Now Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
Education Reform Now Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue. This suggests either that executive leadership is entirely volunteer-based, compensated through a related entity not reflected in these filings, or that compensation is structured in a way that doesn't fall under 'officer compensation' on the 990.
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 Reform Now Inc's IRS 990 filings:
- Consistent 0% officer compensation, which is atypical for an organization of this size and could indicate compensation through other means or entities not transparently reported.
- Significant year-over-year revenue volatility (e.g., $19.9M in 2022 down to $10.4M in 2023), which can make long-term financial planning challenging.
- Expenses exceeding revenue in the most recent filing (2023), leading to a decrease in net assets.
Strengths
The following positive indicators were identified for Education Reform Now Inc:
- Strong asset base ($17.5 million in 2023) providing financial resilience.
- Low liabilities relative to assets, indicating good solvency.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Implied high program spending efficiency due to zero reported officer compensation, suggesting funds are directed to mission.
Frequently Asked Questions about Education Reform Now Inc
Is Education Reform Now Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Education Reform Now Inc (EIN: 203687838) some concerns. Mission Score: 88/100. 3 red flags identified, 4 strengths noted.
How does Education Reform Now Inc spend its money?
Education Reform Now Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Education Reform Now Inc tax-deductible?
Education Reform Now Inc is registered as a tax-exempt nonprofit (EIN: 203687838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Education Reform Now Inc's spending goes to programs?
Education Reform Now Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Education Reform Now Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Education Reform Now Inc is above average for NTEE category B052 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Education Reform Now Inc located?
Education Reform Now Inc is headquartered in New York, New York and files with the IRS under EIN 203687838. It is classified under NTEE code B052.
How many years of IRS 990 filings does Education Reform Now Inc have?
Education Reform Now 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. The most recent filing shows $6.4M in total revenue.
Is Education Reform Now Inc. financially stable?
Yes, despite some year-to-year fluctuations in revenue and a deficit in 2023, the organization maintains a strong asset base ($17.5 million in 2023) relative to its liabilities ($732,036 in 2023), indicating good financial stability and solvency.
How does Education Reform Now Inc. spend its money?
Based on typical nonprofit spending patterns for organizations with zero reported officer compensation and a strong mission focus, a significant majority of its expenses are likely directed towards program services (estimated 85%), with smaller portions for administrative (estimated 10%) and fundraising (estimated 5%) activities.
What is the trend in Education Reform Now Inc.'s revenue?
Education Reform Now Inc.'s revenue has been highly variable, ranging from $5.7 million in 2018 to a peak of nearly $20 million in 2022, before decreasing to $10.4 million in 2023. This indicates a reliance on grants or donations that can fluctuate significantly year-to-year.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation is unusual for an organization of this scale. It could mean that executive leadership is unpaid, compensated by a related entity, or that compensation is structured differently and not reported under this specific line item on the 990.
Filing History
IRS 990 filing history for Education Reform Now Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Education Reform Now Inc's revenue has grown by 73.1%, moving from $6.1M to $10.5M. Total assets increased by 3032% over the same period, from $560K to $17.5M. Total functional expenses rose by 111.9%, from $6.1M to $12.9M. In its most recent filing year (2023), Education Reform Now Inc reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $732K in liabilities against $17.5M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $16.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.5M | $12.9M | $17.5M | $732K | — | — |
| 2022 | $20.0M | $11.9M | $20.0M | $557K | — | — |
| 2021 | $9.7M | $8.2M | $12.9M | $1.2M | — | View 990 |
| 2020 | $8.8M | $7.2M | $10.4M | $337K | — | — |
| 2019 | $11.6M | $8.1M | $9.0M | $490K | — | View 990 |
| 2018 | $5.7M | $8.1M | $5.6M | $546K | — | View 990 |
| 2017 | $10.3M | $8.7M | $8.3M | $887K | — | — |
| 2016 | $12.4M | $8.2M | $6.9M | $1.0M | — | View 990 |
| 2015 | $11.9M | $9.4M | $3.1M | $1.3M | — | View 990 |
| 2014 | $8.9M | $9.9M | $1.2M | $1.2M | — | View 990 |
| 2013 | $7.5M | $6.6M | $1.2M | $204K | — | View 990 |
| 2012 | $5.5M | $5.5M | $859K | $765K | — | View 990 |
| 2011 | $6.1M | $6.1M | $560K | $447K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.5M, expenses of $12.9M, and assets of $17.5M (revenue -47.6% year-over-year).
- 2022: Revenue of $20.0M, expenses of $11.9M, and assets of $20.0M (revenue +105.3% year-over-year).
- 2021: Revenue of $9.7M, expenses of $8.2M, and assets of $12.9M (revenue +11.1% year-over-year).
- 2020: Revenue of $8.8M, expenses of $7.2M, and assets of $10.4M (revenue -24.1% year-over-year).
- 2019: Revenue of $11.6M, expenses of $8.1M, and assets of $9.0M (revenue +102.6% year-over-year).
- 2018: Revenue of $5.7M, expenses of $8.1M, and assets of $5.6M (revenue -44.7% year-over-year).
- 2017: Revenue of $10.3M, expenses of $8.7M, and assets of $8.3M (revenue -16.7% year-over-year).
- 2016: Revenue of $12.4M, expenses of $8.2M, and assets of $6.9M (revenue +3.9% year-over-year).
- 2015: Revenue of $11.9M, expenses of $9.4M, and assets of $3.1M (revenue +33.4% year-over-year).
- 2014: Revenue of $8.9M, expenses of $9.9M, and assets of $1.2M (revenue +19.7% year-over-year).
- 2013: Revenue of $7.5M, expenses of $6.6M, and assets of $1.2M (revenue +35.6% year-over-year).
- 2012: Revenue of $5.5M, expenses of $5.5M, and assets of $859K (revenue -9.2% year-over-year).
- 2011: Revenue of $6.1M, expenses of $6.1M, and assets of $560K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Education Reform Now Inc:
Data Sources and Methodology
This transparency report for Education Reform Now 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.