Georgetown Community School
Georgetown Community School operates at near break-even with significant liabilities exceeding assets, and no reported officer compensation.
EIN: 204154215 · Georgetown, CO · NTEE: B29 · Updated: 2026-03-28
Is Georgetown Community School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Georgetown Community School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Georgetown Community School
Georgetown Community School (EIN: 204154215) is a nonprofit organization based in Georgetown, CO, classified under NTEE code B29. The organization reported total revenue of $1.6M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Georgetown Community School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Georgetown Community School is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$566 |
| Total Assets | $1.4M |
| Total Liabilities | $2.2M |
| Net Assets | $-786,714 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 157.7% |
| Months of Reserves | 10.5 months |
Financial Health Grade: B
In 2023, Georgetown Community School reported a surplus of $566 with revenue exceeding expenses, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 157.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Georgetown Community School's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.9% | +1.8% | +7.4% |
| 2022 | +15.6% | +11.6% | +2.5% |
| 2021 | +7.6% | +23.4% | +19.9% |
| 2020 | +4.1% | -16.2% | -21.8% |
| 2019 | +3.9% | -37.0% | -40.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Georgetown Community School with a Mission Score of 75 out of 100 (Good). 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, Georgetown Community School 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 $566, with revenue exceeding expenses.
- Debt-to-asset ratio: 157.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for directing resources to its mission.
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.
Red Flags
The following concerns were identified during AI analysis of Georgetown Community School's IRS 990 filings:
- Liabilities consistently and significantly exceed assets, indicating potential long-term financial vulnerability (e.g., $2,151,052 liabilities vs. $1,364,338 assets in 2023).
- Negative net assets for several years, suggesting a reliance on debt or restricted funds to cover operational costs.
Strengths
The following positive indicators were identified for Georgetown Community School:
- Consistent reporting of 0% officer compensation, indicating strong commitment to mission-focused spending.
- Stable revenue generation over the past decade, demonstrating consistent operational capacity.
- Expenses generally align closely with revenue, suggesting efficient day-to-day financial management (e.g., $1,562,589 revenue vs. $1,562,023 expenses in 2023).
Frequently Asked Questions about Georgetown Community School
Is Georgetown Community School a legitimate charity?
Based on AI analysis of IRS 990 filings, Georgetown Community School (EIN: 204154215) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Georgetown Community School spend its money?
Georgetown Community School directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Georgetown Community School tax-deductible?
Georgetown Community School is registered as a tax-exempt nonprofit (EIN: 204154215). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of Georgetown Community School's significant and growing liabilities?
The filings show liabilities consistently exceeding assets, reaching $2,151,052 in 2023 against $1,364,338 in assets. Understanding the composition of these liabilities (e.g., mortgages, bonds, program-related debt) is crucial for assessing financial risk.
How does Georgetown Community School manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be volunteer-based or compensated through other means not classified as officer compensation, or that the organization has a unique operational structure.
What is the long-term strategy for addressing the asset-to-liability imbalance?
With liabilities consistently higher than assets, particularly in recent years (e.g., $2,151,052 liabilities vs. $1,364,338 assets in 2023), the organization's plan to improve its balance sheet health is a key financial question.
Filing History
IRS 990 filing history for Georgetown Community School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Georgetown Community School's revenue has grown by 28.2%, moving from $1.2M to $1.6M. Total assets increased by 280.6% over the same period, from $358K to $1.4M. Total functional expenses rose by 46.2%, from $1.1M to $1.6M. In its most recent filing year (2023), Georgetown Community School reported a surplus of $566, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $1.4M in assets (debt-to-asset ratio: 157.7%), resulting in net assets of $-786,714.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $1.4M | $2.2M | — | View 990 |
| 2022 | $1.7M | $1.5M | $1.3M | $2.2M | — | View 990 |
| 2021 | $1.5M | $1.4M | $1.2M | $2.9M | — | View 990 |
| 2020 | $1.3M | $1.1M | $1.0M | $3.3M | — | View 990 |
| 2019 | $1.3M | $1.3M | $1.3M | $3.8M | — | View 990 |
| 2018 | $1.2M | $2.1M | $2.2M | $4.7M | — | View 990 |
| 2017 | $1.3M | $1.7M | $2.3M | $3.8M | — | View 990 |
| 2016 | $1.2M | $1.1M | $867K | $1.9M | — | View 990 |
| 2015 | $992K | $855K | $580K | $1.7M | — | View 990 |
| 2014 | $975K | $949K | $365K | $39K | — | View 990 |
| 2013 | $1.1M | $1.0M | $340K | $40K | — | View 990 |
| 2012 | $1.1M | $1.1M | $339K | $72K | — | View 990 |
| 2011 | $1.2M | $1.1M | $358K | $69K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $1.4M (revenue -6.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.5M, and assets of $1.3M (revenue +15.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $1.2M (revenue +7.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.1M, and assets of $1.0M (revenue +4.1% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $1.3M (revenue +3.9% year-over-year).
- 2018: Revenue of $1.2M, expenses of $2.1M, and assets of $2.2M (revenue -4.8% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.7M, and assets of $2.3M (revenue +13.1% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $867K (revenue +16.8% year-over-year).
- 2015: Revenue of $992K, expenses of $855K, and assets of $580K (revenue +1.8% year-over-year).
- 2014: Revenue of $975K, expenses of $949K, and assets of $365K (revenue -7.9% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.0M, and assets of $340K (revenue -1.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $339K (revenue -12.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $358K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Georgetown Community School:
Data Sources and Methodology
This transparency report for Georgetown Community School 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.