Edventure Group Inc
Edventure Group Inc maintains stable operations with growing assets but also increasing liabilities.
EIN: 161642857 · Morgantown, WV · NTEE: B032 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| Net Assets | $682K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Edventure Group Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Edventure Group 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 Edventure Group Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.6M and expenses of $1.6M.
Revenue and Expenses
Edventure Group Inc reported $1.6M in revenue and $1.6M in expenses, a surplus of $38K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Edventure Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
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 | $1.4M (90%) |
Across stored filings, Edventure Group Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| 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 | 13 stored filing years |
| Peer context | Compare with Little League Baseball Inc | West Virginia and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Morgantown, WV nonprofitsEducation in West Virginia
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Follow the Money
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Keep the Investigation Moving
Edventure Group Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Edventure Group Inc
Edventure Group Inc (EIN: 161642857) is a nonprofit organization based in Morgantown, WV, classified under NTEE code B032. The organization reported total revenue of $1.5M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edventure Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edventure Group Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$38K |
| Total Assets | $1.5M |
| Total Liabilities | $830K |
| Net Assets | $682K |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 54.9% |
| Months of Reserves | 11.6 months |
Financial Health Grade: A
In 2023, Edventure Group Inc reported a surplus of $38K with revenue exceeding expenses, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 54.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Edventure Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | +3.8% | +1.1% |
| 2022 | -2.6% | +0.9% | +24.9% |
| 2021 | -15.7% | -12.1% | +4.2% |
| 2020 | +107.8% | +124.5% | +30.5% |
| 2019 | +67.0% | +21.3% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Edventure Group 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Edventure Group Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is a strong positive for directing funds towards the organization's mission.
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 Edventure Group Inc's IRS 990 filings:
- Significant increase in liabilities from $0 in 2019 to $830,385 in 2023 without clear explanation.
Strengths
The following positive indicators were identified for Edventure Group Inc:
- Consistent revenue generation and operational stability.
- Zero reported officer compensation, indicating high efficiency in directing funds to mission.
- Growing asset base, from $880,393 in 2019 to $1,512,080 in 2023.
- Positive net income in most recent filing (2023: Revenue $1,599,404 vs. Expenses $1,561,483).
Frequently Asked Questions about Edventure Group Inc
Is Edventure Group Inc a legitimate charity?
Edventure Group Inc (EIN: 161642857) is a registered tax-exempt nonprofit based in West Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Edventure Group Inc spend its money?
Edventure Group Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Edventure Group Inc tax-deductible?
Edventure Group Inc is registered as a tax-exempt nonprofit (EIN: 161642857). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Edventure Group Inc's spending goes to programs?
Edventure Group Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Edventure Group Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Edventure Group Inc is above average for NTEE category B032 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Edventure Group Inc located?
Edventure Group Inc is headquartered in Morgantown, West Virginia and files with the IRS under EIN 161642857. It is classified under NTEE code B032.
How many years of IRS 990 filings does Edventure Group Inc have?
Edventure Group Inc 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 $1.5M in total revenue.
What caused the significant increase in liabilities from $0 in 2019 to $830,385 in 2023?
The provided data does not specify the nature of these liabilities, but their rapid increase warrants further investigation into the organization's balance sheet.
How does Edventure Group Inc manage its operational costs without paying officer compensation?
The data suggests that the organization operates with a volunteer leadership or that compensation for key personnel is categorized differently, which is a highly efficient model for resource allocation.
What is the specific breakdown of program, administrative, and fundraising expenses?
While not explicitly detailed in the provided summary, the overall financial health and lack of officer compensation suggest a strong program focus. A detailed 990 form would provide this breakdown.
Filing History
IRS 990 filing history for Edventure Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Edventure Group Inc's revenue has grown by 233%, moving from $480K to $1.6M. Total assets increased by 141% over the same period, from $627K to $1.5M. Total functional expenses rose by 247%, from $450K to $1.6M. In its most recent filing year (2023), Edventure Group Inc reported a surplus of $38K, with revenue exceeding expenses. The organization holds $830K in liabilities against $1.5M in assets (debt-to-asset ratio: 54.9%), resulting in net assets of $682K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $1.5M | $830K | — | — |
| 2022 | $1.5M | $1.5M | $1.5M | $851K | — | View 990 |
| 2021 | $1.5M | $1.5M | $1.2M | $514K | — | View 990 |
| 2020 | $1.8M | $1.7M | $1.1M | $479K | — | View 990 |
| 2019 | $858K | $756K | $880K | $0 | — | View 990 |
| 2018 | $514K | $623K | $778K | $32K | — | View 990 |
| 2017 | $412K | $543K | $921K | $43K | — | View 990 |
| 2016 | $678K | $532K | $1.0M | $40K | — | View 990 |
| 2015 | $614K | $567K | $880K | $37K | — | View 990 |
| 2014 | $726K | $610K | $842K | $40K | — | View 990 |
| 2013 | $613K | $505K | $727K | $40K | — | View 990 |
| 2012 | $393K | $413K | $612K | $33K | — | View 990 |
| 2011 | $480K | $450K | $627K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $1.5M (revenue +9.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $1.5M (revenue -2.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $1.2M (revenue -15.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $1.1M (revenue +107.8% year-over-year).
- 2019: Revenue of $858K, expenses of $756K, and assets of $880K (revenue +67.0% year-over-year).
- 2018: Revenue of $514K, expenses of $623K, and assets of $778K (revenue +24.9% year-over-year).
- 2017: Revenue of $412K, expenses of $543K, and assets of $921K (revenue -39.3% year-over-year).
- 2016: Revenue of $678K, expenses of $532K, and assets of $1.0M (revenue +10.4% year-over-year).
- 2015: Revenue of $614K, expenses of $567K, and assets of $880K (revenue -15.5% year-over-year).
- 2014: Revenue of $726K, expenses of $610K, and assets of $842K (revenue +18.5% year-over-year).
- 2013: Revenue of $613K, expenses of $505K, and assets of $727K (revenue +56.0% year-over-year).
- 2012: Revenue of $393K, expenses of $413K, and assets of $612K (revenue -18.2% year-over-year).
- 2011: Revenue of $480K, expenses of $450K, and assets of $627K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edventure Group Inc:
Data Sources and Methodology
This transparency report for Edventure Group 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.