Florence Melton Adult Mini School Corporation

Is Florence Melton Adult Mini School Corporation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Florence Melton Adult Mini School Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Florence Melton Adult Mini School Corporation

Florence Melton Adult Mini School Corporation (EIN: 10725179) is a nonprofit organization based in New York, NY, classified under NTEE code X30. The organization reported total revenue of $1.8M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Florence Melton Adult Mini School Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Florence Melton Adult Mini School Corporation is a mid-size nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 8.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Florence Melton Adult Mini School Corporation reported a surplus of $399K with revenue exceeding expenses, holds 8.2 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).

Financial Trends

Over 12 years of filings (2012–2023), Florence Melton Adult Mini School Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Florence Melton Adult Mini School Corporation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Florence Melton Adult Mini School Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $399K, with revenue exceeding expenses.
• Debt-to-asset ratio: 8.8%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all 12 filings, indicating that executive leadership is either volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with revenues exceeding $2 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Florence Melton Adult Mini School Corporation:

• Consistent revenue growth, from $1,043,424 in 2014 to $2,180,929 in 2023.
• Strong asset growth, increasing from $384,761 in 2014 to $1,219,981 in 2023.
• Zero reported officer compensation across all 12 filings, indicating high efficiency and transparency.
• Expenses consistently managed below revenue in most recent years, allowing for asset accumulation.
• Low liabilities relative to assets, suggesting financial stability and low risk.

Frequently Asked Questions about Florence Melton Adult Mini School Corporation

Filing History

IRS 990 filing history for Florence Melton Adult Mini School Corporation showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Florence Melton Adult Mini School Corporation's revenue has grown by 137.4%, moving from $919K to $2.2M. Total assets increased by 107.2% over the same period, from $589K to $1.2M. Total functional expenses rose by 109.6%, from $850K to $1.8M. In its most recent filing year (2023), Florence Melton Adult Mini School Corporation reported a surplus of $399K, with revenue exceeding expenses. The organization holds $108K in liabilities against $1.2M in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $1.1M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.2M, expenses of $1.8M, and assets of $1.2M (revenue +57.6% year-over-year).
• 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $835K (revenue -5.7% year-over-year).
• 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $998K (revenue +15.5% year-over-year).
• 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $820K (revenue +13.9% year-over-year).
• 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $882K (revenue +0.6% year-over-year).
• 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $566K (revenue +12.6% year-over-year).
• 2017: Revenue of $985K, expenses of $1.0M, and assets of $424K (revenue +6.6% year-over-year).
• 2016: Revenue of $923K, expenses of $941K, and assets of $424K (revenue -5.1% year-over-year).
• 2015: Revenue of $973K, expenses of $937K, and assets of $452K (revenue -6.7% year-over-year).
• 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $385K (revenue -6.6% year-over-year).
• 2013: Revenue of $1.1M, expenses of $1.2M, and assets of $368K (revenue +21.6% year-over-year).
• 2012: Revenue of $919K, expenses of $850K, and assets of $589K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Florence Melton Adult Mini School Corporation:

Data Sources and Methodology

This transparency report for Florence Melton Adult Mini School Corporation 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.