Excel Preparatory Schools Inc
EIN: 510530857 · Columbus, OH · NTEE: B24
| Metric | Value |
|---|---|
| Total Revenue | $702K |
| Total Expenses | $696K |
| Net Assets | $16K |
Is Excel Preparatory Schools Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Excel Preparatory Schools Inc
Excel Preparatory Schools Inc (EIN: 510530857) is a nonprofit organization based in Columbus, OH, classified under NTEE code B24. The organization reported total revenue of $702K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Excel Preparatory Schools Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Excel Preparatory Schools Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $650K |
| Total Expenses | $696K |
| Surplus / Deficit | $-45,968 |
| Total Assets | $1.3M |
| Total Liabilities | $1.3M |
| Net Assets | $16K |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 98.7% |
| Months of Reserves | 21.9 months |
Financial Health Grade: C
In 2023, Excel Preparatory Schools Inc reported a deficit of $46K with expenses exceeding revenue, holds 21.9 months of operating reserves (strong position), has a debt-to-asset ratio of 98.7% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Excel Preparatory Schools Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.2% | -1.1% | -3.9% |
| 2022 | +0.7% | +12.1% | -9.9% |
| 2021 | -7.5% | -15.8% | +259.1% |
| 2020 | +9.0% | +16.0% | +28.1% |
| 2019 | +22.1% | +31.2% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Excel Preparatory Schools Inc 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 Excel Preparatory Schools Inc 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 $46K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.7%.
Frequently Asked Questions about Excel Preparatory Schools Inc
Is Excel Preparatory Schools Inc a legitimate charity?
Excel Preparatory Schools Inc (EIN: 510530857) is a registered tax-exempt nonprofit based in Ohio. It has 12 years of IRS 990 filings on record. Total revenue: $702K. No red flags identified. Financial health grade: C.
How does Excel Preparatory Schools Inc spend its money?
Excel Preparatory Schools Inc reported $702K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Excel Preparatory Schools Inc tax-deductible?
Excel Preparatory Schools Inc is registered as a tax-exempt nonprofit (EIN: 510530857). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Excel Preparatory Schools Inc located?
Excel Preparatory Schools Inc is headquartered in Columbus, Ohio and files with the IRS under EIN 510530857. It is classified under NTEE code B24.
How many years of IRS 990 filings does Excel Preparatory Schools Inc have?
Excel Preparatory Schools Inc has 12 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 $702K in total revenue.
Filing History
IRS 990 filing history for Excel Preparatory Schools Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Excel Preparatory Schools Inc's revenue has declined by 36.4%, moving from $1.0M to $650K. Total assets increased by 797.3% over the same period, from $141K to $1.3M. Total functional expenses fell by 26.9%, from $952K to $696K. In its most recent filing year (2023), Excel Preparatory Schools Inc reported a deficit of $46K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $1.3M in assets (debt-to-asset ratio: 98.7%), resulting in net assets of $16K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $650K | $696K | $1.3M | $1.3M | — | View 990 |
| 2022 | $732K | $704K | $1.3M | $1.2M | — | View 990 |
| 2021 | $727K | $628K | $1.5M | $1.3M | — | — |
| 2020 | $786K | $746K | $408K | $314K | — | View 990 |
| 2019 | $721K | $643K | $319K | $273K | — | View 990 |
| 2018 | $591K | $490K | $318K | $278K | — | View 990 |
| 2017 | $533K | $545K | $465K | $318K | — | View 990 |
| 2016 | $809K | $910K | $503K | $337K | — | View 990 |
| 2015 | $1.4M | $1.0M | $472K | $113K | — | View 990 |
| 2014 | $1.1M | $1.0M | $162K | $186K | — | View 990 |
| 2013 | $1.1M | $1.1M | $126K | $47K | — | — |
| 2012 | $1.0M | $952K | $141K | $112K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $650K, expenses of $696K, and assets of $1.3M (revenue -11.2% year-over-year).
- 2022: Revenue of $732K, expenses of $704K, and assets of $1.3M (revenue +0.7% year-over-year).
- 2021: Revenue of $727K, expenses of $628K, and assets of $1.5M (revenue -7.5% year-over-year).
- 2020: Revenue of $786K, expenses of $746K, and assets of $408K (revenue +9.0% year-over-year).
- 2019: Revenue of $721K, expenses of $643K, and assets of $319K (revenue +22.1% year-over-year).
- 2018: Revenue of $591K, expenses of $490K, and assets of $318K (revenue +10.7% year-over-year).
- 2017: Revenue of $533K, expenses of $545K, and assets of $465K (revenue -34.1% year-over-year).
- 2016: Revenue of $809K, expenses of $910K, and assets of $503K (revenue -42.0% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.0M, and assets of $472K (revenue +31.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.0M, and assets of $162K (revenue -4.7% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $126K (revenue +9.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $952K, and assets of $141K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Excel Preparatory Schools Inc:
Data Sources and Methodology
This transparency report for Excel Preparatory Schools 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.