Formerly Incarcerated College Graduates Network
EIN: 832018348 · Durham, NC · NTEE: S01
Is Formerly Incarcerated College Graduates Network Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Formerly Incarcerated College Graduates Network
Formerly Incarcerated College Graduates Network (EIN: 832018348) is a nonprofit organization based in Durham, NC, classified under NTEE code S01. The organization reported total revenue of $946K and total assets of $511K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Formerly Incarcerated College Graduates Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Formerly Incarcerated College Graduates Network is a small nonprofit that has been operating for 8 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 401.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $780K |
| Total Expenses | $400K |
| Surplus / Deficit | +$380K |
| Total Assets | $522K |
| Total Liabilities | $5K |
| Net Assets | $517K |
| Operating Margin | 48.8% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 15.7 months |
Financial Health Grade: A
In 2023, Formerly Incarcerated College Graduates Network reported a surplus of $380K with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Formerly Incarcerated College Graduates Network's revenue has grown at a compound annual growth rate (CAGR) of 401.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +401.4% | +1640.4% | +276.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Formerly Incarcerated College Graduates Network 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 Formerly Incarcerated College Graduates Network 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 $380K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Formerly Incarcerated College Graduates Network
Is Formerly Incarcerated College Graduates Network a legitimate charity?
Based on AI analysis of IRS 990 filings, Formerly Incarcerated College Graduates Network (EIN: 832018348) insufficient data. 0 red flags identified, 0 strengths noted.
How does Formerly Incarcerated College Graduates Network spend its money?
Detailed spending breakdown data is not yet available for Formerly Incarcerated College Graduates Network. Check back for updated IRS 990 analysis.
Are donations to Formerly Incarcerated College Graduates Network tax-deductible?
Formerly Incarcerated College Graduates Network is registered as a tax-exempt nonprofit (EIN: 832018348). 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 Formerly Incarcerated College Graduates Network showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Formerly Incarcerated College Graduates Network's revenue has grown by 401.4%, moving from $156K to $780K. Total assets increased by 276.3% over the same period, from $139K to $522K. Total functional expenses rose by 1640.4%, from $23K to $400K. In its most recent filing year (2023), Formerly Incarcerated College Graduates Network reported a surplus of $380K, with revenue exceeding expenses. The organization holds $5K in liabilities against $522K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $517K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $780K | $400K | $522K | $5K | — | View 990 |
| 2022 | $156K | $23K | $139K | $2K | — | View 990 |
Data Sources and Methodology
This transparency report for Formerly Incarcerated College Graduates Network 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.