Financial Education Services Inc
EIN: 843592571 · Lewes, DE · NTEE: P51
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $167K |
| Net Assets | $-156,561 |
Is Financial Education Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Financial Education Services Inc
Financial Education Services Inc (EIN: 843592571) is a nonprofit organization based in Lewes, DE, classified under NTEE code P51. The organization reported total revenue of $2K and total assets of $10K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Financial Education Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Financial Education Services Inc is a micro nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $161K |
| Total Expenses | $167K |
| Surplus / Deficit | $-6,784 |
| Total Assets | $11K |
| Total Liabilities | $168K |
| Net Assets | $-156,561 |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 1468.8% |
| Months of Reserves | 0.8 months |
Financial Health Grade: D
In 2023, Financial Education Services Inc reported a deficit of $7K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 1468.8% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +192.0% | +3.3% | -81.5% |
| 2022 | -31.1% | — | +14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Financial Education Services 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 Financial Education Services 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 $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1468.8%.
Frequently Asked Questions about Financial Education Services Inc
Is Financial Education Services Inc a legitimate charity?
Financial Education Services Inc (EIN: 843592571) is a registered tax-exempt nonprofit based in Delaware. It has 4 years of IRS 990 filings on record. Total revenue: $2K. No red flags identified. Financial health grade: D.
How does Financial Education Services Inc spend its money?
Financial Education Services Inc reported $2K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Financial Education Services Inc tax-deductible?
Financial Education Services Inc is registered as a tax-exempt nonprofit (EIN: 843592571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Financial Education Services Inc located?
Financial Education Services Inc is headquartered in Lewes, Delaware and files with the IRS under EIN 843592571. It is classified under NTEE code P51.
How many years of IRS 990 filings does Financial Education Services Inc have?
Financial Education Services Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2K in total revenue.
Filing History
IRS 990 filing history for Financial Education Services Inc showing financial trends over 4 years of public records:
Total assets decreased by 89.1% over the same period, from $105K to $11K. In its most recent filing year (2023), Financial Education Services Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $168K in liabilities against $11K in assets (debt-to-asset ratio: 1468.8%), resulting in net assets of $-156,561.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $161K | $167K | $11K | $168K | — | — |
| 2022 | $55K | $162K | $62K | $238K | — | — |
| 2021 | $80K | $0 | $54K | $123K | — | View 990 |
| 2020 | $0 | $0 | $105K | $123K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $161K, expenses of $167K, and assets of $11K (revenue +192.0% year-over-year).
- 2022: Revenue of $55K, expenses of $162K, and assets of $62K (revenue -31.1% year-over-year).
- 2021: Revenue of $80K, expenses of $0, and assets of $54K.
- 2020: Revenue of $0, expenses of $0, and assets of $105K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Financial Education Services Inc:
Data Sources and Methodology
This transparency report for Financial Education Services 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.