European Initiative
EIN: 743197705 · Colleyville, TX · NTEE: X99
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Net Assets | $360K |
Is European Initiative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About European Initiative
European Initiative (EIN: 743197705) is a nonprofit organization based in Colleyville, TX, classified under NTEE code X99. The organization reported total revenue of $1.0M and total assets of $378K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of European Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
European Initiative is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1000K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-72,728 |
| Total Assets | $403K |
| Total Liabilities | $43K |
| Net Assets | $360K |
| Operating Margin | -7.3% |
| Debt-to-Asset Ratio | 10.6% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2023, European Initiative reported a deficit of $73K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 10.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), European Initiative's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.0% | -23.1% | -20.2% |
| 2022 | +39.8% | +56.7% | +17.2% |
| 2021 | +34.4% | +12.6% | +4.3% |
| 2020 | -21.9% | -18.7% | +14.1% |
| 2019 | +28.1% | +23.0% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for European Initiative has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates European Initiative with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $73K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.6%.
Frequently Asked Questions about European Initiative
Is European Initiative a legitimate charity?
Based on AI analysis of IRS 990 filings, European Initiative (EIN: 743197705) insufficient data. 0 red flags identified, 0 strengths noted.
How does European Initiative spend its money?
Detailed spending breakdown data is not yet available for European Initiative. Check back for updated IRS 990 analysis.
Are donations to European Initiative tax-deductible?
European Initiative is registered as a tax-exempt nonprofit (EIN: 743197705). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is European Initiative located?
European Initiative is headquartered in Colleyville, Texas and files with the IRS under EIN 743197705. It is classified under NTEE code X99.
How many years of IRS 990 filings does European Initiative have?
European Initiative 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for European Initiative showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), European Initiative's revenue has grown by 216.4%, moving from $316K to $1000K. Total assets increased by 319% over the same period, from $96K to $403K. Total functional expenses rose by 258%, from $300K to $1.1M. In its most recent filing year (2023), European Initiative reported a deficit of $73K, with expenses exceeding revenue. The organization holds $43K in liabilities against $403K in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $360K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1000K | $1.1M | $403K | $43K | — | — |
| 2022 | $1.4M | $1.4M | $505K | $72K | — | View 990 |
| 2021 | $1.0M | $890K | $431K | $11K | — | View 990 |
| 2020 | $749K | $790K | $413K | $108K | — | View 990 |
| 2019 | $959K | $971K | $362K | $22K | — | View 990 |
| 2018 | $749K | $789K | $383K | $32K | — | View 990 |
| 2017 | $629K | $631K | $412K | $15K | — | View 990 |
| 2016 | $808K | $649K | $413K | $14K | — | View 990 |
| 2015 | $695K | $619K | $250K | $10K | — | View 990 |
| 2014 | $634K | $592K | $186K | $24K | — | View 990 |
| 2013 | $518K | $524K | $156K | $36K | — | View 990 |
| 2012 | $406K | $389K | $133K | $7K | — | View 990 |
| 2011 | $381K | $369K | $112K | $3K | — | View 990 |
| 2010 | $316K | $300K | $96K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1000K, expenses of $1.1M, and assets of $403K (revenue -29.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $505K (revenue +39.8% year-over-year).
- 2021: Revenue of $1.0M, expenses of $890K, and assets of $431K (revenue +34.4% year-over-year).
- 2020: Revenue of $749K, expenses of $790K, and assets of $413K (revenue -21.9% year-over-year).
- 2019: Revenue of $959K, expenses of $971K, and assets of $362K (revenue +28.1% year-over-year).
- 2018: Revenue of $749K, expenses of $789K, and assets of $383K (revenue +19.1% year-over-year).
- 2017: Revenue of $629K, expenses of $631K, and assets of $412K (revenue -22.2% year-over-year).
- 2016: Revenue of $808K, expenses of $649K, and assets of $413K (revenue +16.4% year-over-year).
- 2015: Revenue of $695K, expenses of $619K, and assets of $250K (revenue +9.6% year-over-year).
- 2014: Revenue of $634K, expenses of $592K, and assets of $186K (revenue +22.3% year-over-year).
- 2013: Revenue of $518K, expenses of $524K, and assets of $156K (revenue +27.6% year-over-year).
- 2012: Revenue of $406K, expenses of $389K, and assets of $133K (revenue +6.6% year-over-year).
- 2011: Revenue of $381K, expenses of $369K, and assets of $112K (revenue +20.6% year-over-year).
- 2010: Revenue of $316K, expenses of $300K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for European Initiative:
Data Sources and Methodology
This transparency report for European Initiative 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.