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
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Educational Charter Foundation Of Florida Inc is mapped to EIN 161720173.
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14 stored filing years available.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $12.9M |
| Total Expenses | $12.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
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Educational Charter Foundation Of Florida Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Educational Charter Foundation Of Florida Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Educational Charter Foundation Of Florida Inc in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $13.0M and expenses of $12.9M.
Revenue and Expenses
Educational Charter Foundation Of Florida Inc reported $13.0M in revenue and $12.9M in expenses, a surplus of $19K.
Executive Compensation
Top officer compensation appears as $12 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Educational Charter Foundation Of Florida Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $11.6M (90%) |
Across stored filings, Educational Charter Foundation Of Florida Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 14 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and Education context |
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Educational Charter Foundation Of Florida Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Educational Charter Foundation Of Florida Inc is a large nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.0M |
| Total Expenses | $12.9M |
| Surplus / Deficit | +$19K |
| Total Assets | $26.4M |
| Total Liabilities | $24.9M |
| Net Assets | $1.5M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 94.4% |
| Months of Reserves | 24.5 months |
Financial Health Grade: A
In 2024, Educational Charter Foundation Of Florida Inc reported a surplus of $19K with revenue exceeding expenses, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 94.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Educational Charter Foundation Of Florida Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.1% | +2.8% | -1.9% |
| 2023 | +13.7% | +21.9% | +0.7% |
| 2022 | +13.5% | +8.3% | +1.7% |
| 2021 | +8.1% | +7.6% | +0.6% |
| 2020 | +2.7% | -6.4% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.4%.
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 legitimate charity?
Educational Charter Foundation Of Florida Inc (EIN: 161720173) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $12.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Educational Charter Foundation Of Florida Inc spend its money?
Educational Charter Foundation Of Florida Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Educational Charter Foundation Of Florida Inc tax-deductible?
Educational Charter Foundation Of Florida Inc is registered as a tax-exempt nonprofit (EIN: 161720173). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Educational Charter Foundation Of Florida Inc CEO make?
Educational Charter Foundation Of Florida Inc's highest-compensated officer earns $12 annually. The organization reported $12.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Educational Charter Foundation Of Florida Inc's spending goes to programs?
Educational Charter Foundation Of Florida Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Educational Charter Foundation Of Florida Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Educational Charter Foundation Of Florida Inc is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Educational Charter Foundation Of Florida Inc located?
Educational Charter Foundation Of Florida Inc is headquartered in Clermont, Florida and files with the IRS under EIN 161720173. It is classified under NTEE code B24.
How many years of IRS 990 filings does Educational Charter Foundation Of Florida Inc have?
Educational Charter Foundation Of Florida Inc has 14 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 $12.9M in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educational Charter Foundation Of Florida Inc:
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.