Educational Bureau
Educational Bureau experiences significant revenue decline despite stable assets and no officer compensation.
EIN: 10227440 · Ocean Park, ME · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $175K |
| Total Expenses | $174K |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Educational Bureau Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Educational Bureau directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Educational Bureau
Educational Bureau (EIN: 10227440) is a nonprofit organization based in Ocean Park, ME, classified under NTEE code B99. The organization reported total revenue of $175K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educational Bureau's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educational Bureau is a small nonprofit that has been operating for 16 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -51.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $254K |
| Total Expenses | $174K |
| Surplus / Deficit | +$80K |
| Total Assets | $1.4M |
| Total Liabilities | $174K |
| Net Assets | $1.3M |
| Operating Margin | 31.5% |
| Debt-to-Asset Ratio | 12.1% |
| Months of Reserves | 98.8 months |
Financial Health Grade: A
In 2023, Educational Bureau reported a surplus of $80K with revenue exceeding expenses, holds 98.8 months of operating reserves (strong position), has a debt-to-asset ratio of 12.1% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Educational Bureau's revenue has declined at a compound annual growth rate (CAGR) of -51.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.1% | -6.8% | -13.5% |
| 2022 | -66.0% | +72.1% | +32.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
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 Educational Bureau 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, Educational Bureau 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 surplus of $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all three filing periods, indicating a strong commitment to directing resources towards the mission rather than executive salaries, which is commendable for an organization of its size.
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 Educational Bureau's IRS 990 filings:
- Significant and consistent decline in revenue over three years (from $1,080,982 in 2021 to $174,693 in the latest period).
- Latest expenses ($173,727) are very close to latest revenue ($174,693), indicating a very thin operating margin.
Strengths
The following positive indicators were identified for Educational Bureau:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial stewardship regarding executive pay.
- Maintains a healthy asset base of $1,493,789 relative to its latest annual revenue, providing some financial cushion.
Frequently Asked Questions about Educational Bureau
Is Educational Bureau a legitimate charity?
Based on AI analysis of IRS 990 filings, Educational Bureau (EIN: 10227440) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Educational Bureau spend its money?
Educational Bureau directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Educational Bureau tax-deductible?
Educational Bureau is registered as a tax-exempt nonprofit (EIN: 10227440). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Educational Bureau's spending goes to programs?
Educational Bureau directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Educational Bureau compare to similar nonprofits?
With a transparency score of 75/100 (Good), Educational Bureau is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Educational Bureau located?
Educational Bureau is headquartered in Ocean Park, Maine and files with the IRS under EIN 10227440. It is classified under NTEE code B99.
How many years of IRS 990 filings does Educational Bureau have?
Educational Bureau has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $175K in total revenue.
Is Educational Bureau a good charity?
Educational Bureau shows strengths in its asset base and lack of officer compensation. However, the significant decline in revenue from $1,080,982 in 2021 to $174,693 in the latest period raises concerns about its long-term financial stability and ability to sustain programs.
What caused the sharp decline in revenue?
The IRS 990 data alone does not specify the exact causes for the revenue decline. It would require further investigation into their funding sources and operational changes to understand why revenue dropped from over $1 million in 2021 to under $200,000 in the latest period.
Filing History
IRS 990 filing history for Educational Bureau showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Educational Bureau's revenue has declined by 76.5%, moving from $1.1M to $254K. Total assets increased by 14.7% over the same period, from $1.2M to $1.4M. Total functional expenses rose by 60.5%, from $108K to $174K. In its most recent filing year (2023), Educational Bureau reported a surplus of $80K, with revenue exceeding expenses. The organization holds $174K in liabilities against $1.4M in assets (debt-to-asset ratio: 12.1%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $254K | $174K | $1.4M | $174K | — | View 990 |
| 2022 | $368K | $186K | $1.7M | $186K | — | — |
| 2021 | $1.1M | $108K | $1.2M | $85K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $254K, expenses of $174K, and assets of $1.4M (revenue -31.1% year-over-year).
- 2022: Revenue of $368K, expenses of $186K, and assets of $1.7M (revenue -66.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $108K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educational Bureau:
Data Sources and Methodology
This transparency report for Educational Bureau 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.