Financial Protection Law Center
EIN: 562262315 · Wilmington, NC · NTEE: I80
Is Financial Protection Law Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Financial Protection Law Center
Financial Protection Law Center (EIN: 562262315) is a nonprofit organization based in Wilmington, NC, classified under NTEE code I80. The organization reported total revenue of $302K and total assets of $314K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Financial Protection Law Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Financial Protection Law Center is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $370K |
| Total Expenses | $306K |
| Surplus / Deficit | +$65K |
| Total Assets | $276K |
| Total Liabilities | $3K |
| Net Assets | $274K |
| Operating Margin | 17.5% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 10.8 months |
Financial Health Grade: A
In 2023, Financial Protection Law Center reported a surplus of $65K with revenue exceeding expenses, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Financial Protection Law Center's revenue has declined at a compound annual growth rate (CAGR) of -10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +58.7% | -7.4% | -6.0% |
| 2022 | -24.6% | -4.9% | -6.6% |
| 2021 | -20.5% | -31.2% | -14.1% |
| 2020 | -11.5% | +2.1% | -20.2% |
| 2019 | -1.4% | -15.1% | -18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Financial Protection Law Center 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 Protection Law Center 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 surplus of $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Financial Protection Law Center
Is Financial Protection Law Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Financial Protection Law Center (EIN: 562262315) insufficient data. 0 red flags identified, 0 strengths noted.
How does Financial Protection Law Center spend its money?
Detailed spending breakdown data is not yet available for Financial Protection Law Center. Check back for updated IRS 990 analysis.
Are donations to Financial Protection Law Center tax-deductible?
Financial Protection Law Center is registered as a tax-exempt nonprofit (EIN: 562262315). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Financial Protection Law Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Financial Protection Law Center's revenue has declined by 75.1%, moving from $1.5M to $370K. Total assets decreased by 80.6% over the same period, from $1.4M to $276K. Total functional expenses fell by 37.4%, from $489K to $306K. In its most recent filing year (2023), Financial Protection Law Center reported a surplus of $65K, with revenue exceeding expenses. The organization holds $3K in liabilities against $276K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $274K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $370K | $306K | $276K | $3K | — | View 990 |
| 2022 | $233K | $330K | $294K | $85K | — | View 990 |
| 2021 | $310K | $347K | $315K | $9K | — | View 990 |
| 2020 | $390K | $505K | $366K | $109K | — | View 990 |
| 2019 | $440K | $495K | $459K | $86K | — | View 990 |
| 2018 | $446K | $583K | $564K | $87K | — | View 990 |
| 2017 | $408K | $600K | $719K | $105K | — | View 990 |
| 2016 | $348K | $590K | $907K | $101K | — | View 990 |
| 2015 | $284K | $576K | $1.2M | $104K | — | View 990 |
| 2014 | $382K | $576K | $1.4M | $97K | — | View 990 |
| 2013 | $542K | $544K | $1.6M | $87K | — | View 990 |
| 2012 | $786K | $545K | $1.6M | $109K | — | View 990 |
| 2011 | $1.5M | $489K | $1.4M | $130K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $370K, expenses of $306K, and assets of $276K (revenue +58.7% year-over-year).
- 2022: Revenue of $233K, expenses of $330K, and assets of $294K (revenue -24.6% year-over-year).
- 2021: Revenue of $310K, expenses of $347K, and assets of $315K (revenue -20.5% year-over-year).
- 2020: Revenue of $390K, expenses of $505K, and assets of $366K (revenue -11.5% year-over-year).
- 2019: Revenue of $440K, expenses of $495K, and assets of $459K (revenue -1.4% year-over-year).
- 2018: Revenue of $446K, expenses of $583K, and assets of $564K (revenue +9.4% year-over-year).
- 2017: Revenue of $408K, expenses of $600K, and assets of $719K (revenue +17.2% year-over-year).
- 2016: Revenue of $348K, expenses of $590K, and assets of $907K (revenue +22.4% year-over-year).
- 2015: Revenue of $284K, expenses of $576K, and assets of $1.2M (revenue -25.6% year-over-year).
- 2014: Revenue of $382K, expenses of $576K, and assets of $1.4M (revenue -29.6% year-over-year).
- 2013: Revenue of $542K, expenses of $544K, and assets of $1.6M (revenue -31.0% year-over-year).
- 2012: Revenue of $786K, expenses of $545K, and assets of $1.6M (revenue -47.1% year-over-year).
- 2011: Revenue of $1.5M, expenses of $489K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Financial Protection Law Center 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.