Educational Charter Foundation Of Florida Inc

Educational Charter Foundation Of Florida Inc maintains balanced budgets with no reported executive compensation amidst significant asset growth largely offset by liabilities.

EIN: 161720173 · Clermont, FL · NTEE: B24 · Updated: 2026-03-28

$12.9MRevenue

$26.1MAssets

85/100Mission Score (Excellent)

B24

About Educational Charter Foundation Of Florida Inc

Educational Charter Foundation Of Florida Inc (EIN: 161720173) is a nonprofit organization based in Clermont, FL, classified under NTEE code B24. The organization reported total revenue of $12.9M and total assets of $26.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educational Charter Foundation Of Florida Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Educational Charter Foundation Of Florida Inc demonstrates consistent financial operations with revenues generally exceeding or closely matching expenses over the past several years. For instance, in the 202406 period, revenue was $12,959,968 against expenses of $12,940,677, indicating a balanced budget. The organization's assets have grown significantly, from $1,369,131 in 201806 to $26,407,084 in 202406, though a substantial portion of these assets are offset by liabilities, suggesting a reliance on debt financing, likely for facilities given its charter school nature. The consistent reporting of 0% officer compensation across all filings indicates strong financial transparency regarding executive pay, as no compensation is reported for officers, directors, trustees, or key employees.

The organization appears to be financially stable, managing its growth effectively. While the high liabilities relative to assets might raise questions for some, it is common for charter school foundations that often own or manage significant real estate assets. The consistent growth in revenue from $7,617,393 in 201506 to $12,959,968 in 202406 suggests increasing operational scale and community support. The lack of reported officer compensation is a notable positive for transparency and efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Educational Charter Foundation Of Florida Inc with a Mission Score of 85 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Educational Charter Foundation Of Florida Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, directors, trustees, or key employees, which is highly unusual for an organization with over $12 million in annual revenue and $26 million in assets.

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 Charter Foundation Of Florida Inc's IRS 990 filings:

High liabilities relative to assets, suggesting significant debt financing.

Strengths

The following positive indicators were identified for Educational Charter Foundation Of Florida Inc:

Consistent revenue growth, from $7,617,393 in 201506 to $12,959,968 in 202406.
No reported officer compensation across all filings, indicating high efficiency in executive pay.
Generally balanced budgets with expenses closely matching or slightly below revenue.
Significant asset growth from $1,369,131 in 201806 to $26,407,084 in 202406, reflecting organizational expansion.

Frequently Asked Questions about Educational Charter Foundation Of Florida Inc

Is Educational Charter Foundation Of Florida Inc a good charity?

Based on the available IRS 990 data, the organization appears to be financially stable with consistent revenue growth and balanced budgets. The complete absence of reported officer compensation is a significant positive for efficiency and transparency. However, a deeper understanding of its program effectiveness and the nature of its substantial liabilities would provide a more complete picture.

Why are the liabilities so high compared to assets?

The high liabilities, such as $24,918,967 against $26,407,084 in assets for the 202406 period, are common for organizations that own or manage significant real estate or facilities, like charter schools. This often indicates debt financing (e.g., mortgages, bonds) used to acquire or construct school buildings, which are then reflected as assets.

How has the organization's financial health changed over time?

The organization has shown consistent revenue growth from $7,617,393 in 201506 to $12,959,968 in 202406. Assets have also dramatically increased from around $1.3 million in 201806 to over $26 million in 202406, indicating significant expansion. Expenses have generally tracked revenue, maintaining a relatively balanced financial position.

Filing History

IRS 990 filing history for Educational Charter Foundation Of Florida Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Educational Charter Foundation Of Florida Inc's revenue has grown by 90.3%, moving from $6.8M to $13.0M. Total assets increased by 3311.8% over the same period, from $774K to $26.4M. Total functional expenses rose by 90.8%, from $6.8M to $12.9M. In its most recent filing year (2024), Educational Charter Foundation Of Florida Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $24.9M in liabilities against $26.4M in assets (debt-to-asset ratio: 94.4%), resulting in net assets of $1.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$13.0M	$12.9M	$26.4M	$24.9M	—	View 990
2023	$12.6M	$12.6M	$26.9M	$25.5M	—	—
2022	$11.0M	$10.3M	$26.7M	$25.3M	—	View 990
2021	$9.7M	$9.5M	$26.3M	$25.5M	—	View 990
2020	$9.0M	$8.9M	$26.1M	$25.6M	—	View 990
2019	$8.8M	$9.5M	$24.9M	$24.9M	—	View 990
2018	$8.1M	$8.2M	$1.4M	$262K	—	—
2017	$8.0M	$7.9M	$1.5M	$242K	—	View 990
2016	$7.6M	$7.7M	$1.3M	$191K	—	View 990
2015	$7.6M	$7.2M	$1.4M	$261K	—	View 990
2014	$7.3M	$7.3M	$1.6M	$838K	—	View 990
2013	$6.8M	$6.7M	$1.2M	$469K	—	View 990
2012	$6.8M	$6.5M	$1.3M	$618K	—	View 990
2011	$6.8M	$6.8M	$774K	$356K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $13.0M, expenses of $12.9M, and assets of $26.4M (revenue +3.1% year-over-year).
2023: Revenue of $12.6M, expenses of $12.6M, and assets of $26.9M (revenue +13.7% year-over-year).
2022: Revenue of $11.0M, expenses of $10.3M, and assets of $26.7M (revenue +13.5% year-over-year).
2021: Revenue of $9.7M, expenses of $9.5M, and assets of $26.3M (revenue +8.1% year-over-year).
2020: Revenue of $9.0M, expenses of $8.9M, and assets of $26.1M (revenue +2.7% year-over-year).
2019: Revenue of $8.8M, expenses of $9.5M, and assets of $24.9M (revenue +8.8% year-over-year).
2018: Revenue of $8.1M, expenses of $8.2M, and assets of $1.4M (revenue +0.8% year-over-year).
2017: Revenue of $8.0M, expenses of $7.9M, and assets of $1.5M (revenue +4.6% year-over-year).
2016: Revenue of $7.6M, expenses of $7.7M, and assets of $1.3M (revenue +0.3% year-over-year).
2015: Revenue of $7.6M, expenses of $7.2M, and assets of $1.4M (revenue +4.7% year-over-year).
2014: Revenue of $7.3M, expenses of $7.3M, and assets of $1.6M (revenue +7.4% year-over-year).
2013: Revenue of $6.8M, expenses of $6.7M, and assets of $1.2M (revenue -0.1% year-over-year).
2012: Revenue of $6.8M, expenses of $6.5M, and assets of $1.3M (revenue -0.5% year-over-year).
2011: Revenue of $6.8M, expenses of $6.8M, and assets of $774K.

Data Sources and Methodology

This transparency report for Educational Charter Foundation Of Florida 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.