Educational Assistance Ltd
EIN: 363166932 · Wheaton, IL · NTEE: B82Z
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $5.7M |
| Net Assets | $2.6M |
Is Educational Assistance Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Educational Assistance Ltd
Educational Assistance Ltd (EIN: 363166932) is a nonprofit organization based in Wheaton, IL, classified under NTEE code B82Z. The organization reported total revenue of $5.6M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educational Assistance Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educational Assistance Ltd is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $5.7M |
| Surplus / Deficit | $-242,474 |
| Total Assets | $2.7M |
| Total Liabilities | $58K |
| Net Assets | $2.6M |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 5.6 months |
Financial Health Grade: B
In 2023, Educational Assistance Ltd reported a deficit of $242K with expenses exceeding revenue, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Educational Assistance Ltd's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.4% | -3.9% | -8.7% |
| 2022 | +12.9% | +12.4% | +8.2% |
| 2021 | +19.4% | +14.3% | +4.7% |
| 2020 | -10.4% | +3.2% | +1.8% |
| 2019 | +38.7% | +29.1% | +30.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Educational Assistance Ltd 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 Educational Assistance Ltd 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 deficit of $242K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Educational Assistance Ltd
Is Educational Assistance Ltd a legitimate charity?
Educational Assistance Ltd (EIN: 363166932) is a registered tax-exempt nonprofit based in Illinois. It has 13 years of IRS 990 filings on record. Total revenue: $5.6M. No red flags identified. Financial health grade: B.
How does Educational Assistance Ltd spend its money?
Educational Assistance Ltd reported $5.6M in total revenue 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 Educational Assistance Ltd tax-deductible?
Educational Assistance Ltd is registered as a tax-exempt nonprofit (EIN: 363166932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Educational Assistance Ltd located?
Educational Assistance Ltd is headquartered in Wheaton, Illinois and files with the IRS under EIN 363166932. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Educational Assistance Ltd have?
Educational Assistance Ltd 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 $5.6M in total revenue.
Filing History
IRS 990 filing history for Educational Assistance Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Educational Assistance Ltd's revenue has grown by 324.1%, moving from $1.3M to $5.4M. Total assets increased by 424.8% over the same period, from $506K to $2.7M. Total functional expenses rose by 335.2%, from $1.3M to $5.7M. In its most recent filing year (2023), Educational Assistance Ltd reported a deficit of $242K, with expenses exceeding revenue. The organization holds $58K in liabilities against $2.7M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $5.7M | $2.7M | $58K | — | — |
| 2022 | $6.1M | $5.9M | $2.9M | $68K | — | View 990 |
| 2021 | $5.4M | $5.2M | $2.7M | $71K | — | View 990 |
| 2020 | $4.5M | $4.6M | $2.6M | $126K | — | View 990 |
| 2019 | $5.1M | $4.4M | $2.5M | $35K | — | View 990 |
| 2018 | $3.6M | $3.4M | $1.9M | $68K | — | View 990 |
| 2017 | $3.3M | $3.2M | $1.7M | $44K | — | View 990 |
| 2016 | $2.8M | $2.7M | $1.6M | $39K | — | View 990 |
| 2015 | $2.4M | $2.3M | $1.4M | $26K | — | View 990 |
| 2014 | $2.5M | $2.1M | $1.3M | $27K | — | View 990 |
| 2013 | $2.1M | $1.7M | $865K | $27K | — | View 990 |
| 2012 | $1.2M | $1.3M | $462K | $9K | — | View 990 |
| 2011 | $1.3M | $1.3M | $506K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $5.7M, and assets of $2.7M (revenue -11.4% year-over-year).
- 2022: Revenue of $6.1M, expenses of $5.9M, and assets of $2.9M (revenue +12.9% year-over-year).
- 2021: Revenue of $5.4M, expenses of $5.2M, and assets of $2.7M (revenue +19.4% year-over-year).
- 2020: Revenue of $4.5M, expenses of $4.6M, and assets of $2.6M (revenue -10.4% year-over-year).
- 2019: Revenue of $5.1M, expenses of $4.4M, and assets of $2.5M (revenue +38.7% year-over-year).
- 2018: Revenue of $3.6M, expenses of $3.4M, and assets of $1.9M (revenue +10.5% year-over-year).
- 2017: Revenue of $3.3M, expenses of $3.2M, and assets of $1.7M (revenue +18.2% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.7M, and assets of $1.6M (revenue +16.1% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.3M, and assets of $1.4M (revenue -5.1% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.1M, and assets of $1.3M (revenue +22.3% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.7M, and assets of $865K (revenue +67.3% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.3M, and assets of $462K (revenue -2.9% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $506K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educational Assistance Ltd:
Data Sources and Methodology
This transparency report for Educational Assistance Ltd 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.