Fairwind Learning Center Corp
EIN: 471588668 · Marblehead, MA · NTEE: B21
About Fairwind Learning Center Corp
Fairwind Learning Center Corp (EIN: 471588668) is a nonprofit organization based in Marblehead, MA, classified under NTEE code B21. The organization reported total revenue of $663K and total assets of $200K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairwind Learning Center Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Fairwind Learning Center Corp 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 Fairwind Learning Center Corp 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.
Filing History
IRS 990 filing history for Fairwind Learning Center Corp showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Fairwind Learning Center Corp's revenue has grown by 199.8%, moving from $224K to $671K. Total assets increased by 59.2% over the same period, from $94K to $149K. Total functional expenses rose by 243.5%, from $177K to $608K. In its most recent filing year (2023), Fairwind Learning Center Corp reported a surplus of $63K, with revenue exceeding expenses. The organization holds $23K in liabilities against $149K in assets (debt-to-asset ratio: 15.5%), resulting in net assets of $126K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $671K | $608K | $149K | $23K | — | — |
| 2022 | $551K | $496K | $101K | $39K | — | View 990 |
| 2021 | $0 | $28K | $114K | $106K | — | — |
| 2020 | $513K | $513K | $70K | $33K | — | View 990 |
| 2019 | $571K | $601K | $99K | $63K | — | View 990 |
| 2018 | $598K | $540K | $171K | $105K | — | View 990 |
| 2017 | $440K | $419K | $179K | $172K | — | View 990 |
| 2016 | $293K | $353K | $86K | $99K | — | View 990 |
| 2015 | $224K | $177K | $94K | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $671K, expenses of $608K, and assets of $149K (revenue +21.8% year-over-year).
- 2022: Revenue of $551K, expenses of $496K, and assets of $101K.
- 2021: Revenue of $0, expenses of $28K, and assets of $114K (revenue -100.0% year-over-year).
- 2020: Revenue of $513K, expenses of $513K, and assets of $70K (revenue -10.2% year-over-year).
- 2019: Revenue of $571K, expenses of $601K, and assets of $99K (revenue -4.5% year-over-year).
- 2018: Revenue of $598K, expenses of $540K, and assets of $171K (revenue +35.9% year-over-year).
- 2017: Revenue of $440K, expenses of $419K, and assets of $179K (revenue +50.4% year-over-year).
- 2016: Revenue of $293K, expenses of $353K, and assets of $86K (revenue +30.7% year-over-year).
- 2015: Revenue of $224K, expenses of $177K, and assets of $94K.
Data Sources and Methodology
This transparency report for Fairwind Learning Center Corp 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.