Educationnc
Educationnc experiences significant revenue fluctuations and a recent operating deficit, while maintaining zero reported officer compensation.
EIN: 205625322 · Raleigh, NC · NTEE: W24 · Updated: 2026-03-28
Is Educationnc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Educationnc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Educationnc
Educationnc (EIN: 205625322) is a nonprofit organization based in Raleigh, NC, classified under NTEE code W24. The organization reported total revenue of $1.3M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educationnc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educationnc is a mid-size nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2014–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-1,099,785 |
| Total Assets | $4.1M |
| Total Liabilities | $34K |
| Net Assets | $4.1M |
| Operating Margin | -77.7% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 19.7 months |
Financial Health Grade: B
In 2023, Educationnc reported a deficit of $1.1M with expenses exceeding revenue, holds 19.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -71.6% | +12.6% | -20.7% |
| 2022 | +242.1% | +13.2% | +111.6% |
| 2021 | -49.7% | -6.9% | -22.4% |
| 2020 | +49.6% | +14.5% | +45.8% |
| 2019 | -36.1% | +33.9% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Educationnc 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, Educationnc 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Educationnc consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue, suggesting either a fully volunteer executive team or that executive salaries are categorized differently, requiring clarification for complete financial transparency.
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 Educationnc's IRS 990 filings:
- Significant operating deficit in the latest fiscal year (2023 expenses $2.5M vs. revenue $1.4M)
- Highly volatile revenue streams, with a nearly 70% drop from 2022 to 2023
- Unclear executive compensation reporting (0% officer comp reported consistently)
Strengths
The following positive indicators were identified for Educationnc:
- Strong asset base relative to liabilities (e.g., 2023 assets $4.1M vs. liabilities $34K)
- Consistent growth in assets over time, indicating financial stability
- Low liabilities across most reporting periods
Frequently Asked Questions about Educationnc
Is Educationnc a legitimate charity?
Based on AI analysis of IRS 990 filings, Educationnc (EIN: 205625322) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Educationnc spend its money?
Educationnc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Educationnc tax-deductible?
Educationnc is registered as a tax-exempt nonprofit (EIN: 205625322). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does Educationnc consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings (e.g., 2023, 2022, 2021) is unusual and could indicate a volunteer-led executive team or that executive compensation is included in other expense categories, which would require further detail from the organization to understand fully.
What caused the significant revenue drop from $4.99 million in 2022 to $1.41 million in 2023?
The substantial decrease in revenue from $4,993,876 in 2022 to $1,415,898 in 2023 suggests a reliance on large, potentially one-time grants or donations. Understanding the nature of these funding sources is crucial for assessing future financial stability.
How does Educationnc plan to address the operating deficit of over $1 million in 2023?
In 2023, expenses ($2,515,683) significantly outpaced revenue ($1,415,898), resulting in an operating deficit. The organization should clarify its strategy to manage this deficit and ensure long-term financial health.
Filing History
IRS 990 filing history for Educationnc showing financial trends over 10 years of public records:
Total assets increased by 412649000% over the same period, from $1 to $4.1M. In its most recent filing year (2023), Educationnc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $34K in liabilities against $4.1M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $2.5M | $4.1M | $34K | — | — |
| 2022 | $5.0M | $2.2M | $5.2M | $12K | — | View 990 |
| 2021 | $1.5M | $2.0M | $2.5M | $27K | — | View 990 |
| 2020 | $2.9M | $2.1M | $3.2M | $223K | — | View 990 |
| 2019 | $1.9M | $1.9M | $2.2M | $7K | — | View 990 |
| 2018 | $3.0M | $1.4M | $2.1M | $886 | — | View 990 |
| 2017 | $809K | $713K | $434K | $7K | — | — |
| 2016 | $589K | $537K | $338K | $8K | — | View 990 |
| 2015 | $466K | $366K | $288K | $10K | — | View 990 |
| 2014 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $2.5M, and assets of $4.1M (revenue -71.6% year-over-year).
- 2022: Revenue of $5.0M, expenses of $2.2M, and assets of $5.2M (revenue +242.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $2.0M, and assets of $2.5M (revenue -49.7% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.1M, and assets of $3.2M (revenue +49.6% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $2.2M (revenue -36.1% year-over-year).
- 2018: Revenue of $3.0M, expenses of $1.4M, and assets of $2.1M (revenue +275.1% year-over-year).
- 2017: Revenue of $809K, expenses of $713K, and assets of $434K (revenue +37.3% year-over-year).
- 2016: Revenue of $589K, expenses of $537K, and assets of $338K (revenue +26.4% year-over-year).
- 2015: Revenue of $466K, expenses of $366K, and assets of $288K.
- 2014: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educationnc:
Data Sources and Methodology
This transparency report for Educationnc 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.