Golden Isles Technical And Careerlearning Inc
Golden Isles Technical And Careerlearning Inc consistently operates with a surplus and zero officer compensation.
EIN: 203947219 · Brunswick, GA · NTEE: B25 · Updated: 2026-03-28
Is Golden Isles Technical And Careerlearning Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Golden Isles Technical And Careerlearning Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Golden Isles Technical And Careerlearning Inc
Golden Isles Technical And Careerlearning Inc (EIN: 203947219) is a nonprofit organization based in Brunswick, GA, classified under NTEE code B25. The organization reported total revenue of $211K and total assets of $231K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Golden Isles Technical And Careerlearning Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Golden Isles Technical And Careerlearning Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $104K |
| Surplus / Deficit | +$56K |
| Total Assets | $160K |
| Total Liabilities | $3K |
| Net Assets | $157K |
| Operating Margin | 35.1% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 18.5 months |
Financial Health Grade: A
In 2024, Golden Isles Technical And Careerlearning Inc reported a surplus of $56K with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Golden Isles Technical And Careerlearning Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.4% | -2.4% | +58.0% |
| 2023 | +167.3% | +10.6% | +50.5% |
| 2022 | -46.5% | -10.9% | -39.4% |
| 2021 | +0.8% | +14.9% | -6.2% |
| 2020 | -21.0% | +37.7% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Golden Isles Technical And Careerlearning Inc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Golden Isles Technical And Careerlearning Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size.
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 Golden Isles Technical And Careerlearning Inc:
- Consistent financial surpluses, such as $56,394 in 2024 ($160,491 revenue - $104,097 expenses).
- Zero officer compensation reported across all filings, indicating high efficiency and dedication.
- Growing asset base, from $21,223 in 2015 to $160,203 in 2024, demonstrating financial stability.
- Low liabilities relative to assets, with liabilities at $3,214 in 2024 against $160,203 in assets.
- Consistent IRS 990 filing history (13 filings), indicating strong transparency and compliance.
Frequently Asked Questions about Golden Isles Technical And Careerlearning Inc
Is Golden Isles Technical And Careerlearning Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Golden Isles Technical And Careerlearning Inc (EIN: 203947219) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Golden Isles Technical And Careerlearning Inc spend its money?
Golden Isles Technical And Careerlearning Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Golden Isles Technical And Careerlearning Inc tax-deductible?
Golden Isles Technical And Careerlearning Inc is registered as a tax-exempt nonprofit (EIN: 203947219). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Golden Isles Technical And Careerlearning Inc a good charity?
Based on the available financial data, Golden Isles Technical And Careerlearning Inc appears to be a very good charity. It consistently operates with a surplus, has growing assets, and reports 0% officer compensation, indicating strong financial health and a high dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved. Assets have grown from $21,223 in 2015 to $160,203 in 2024, and it has consistently generated surpluses in most years, demonstrating sustainable growth and financial stability.
What is the organization's approach to executive compensation?
Golden Isles Technical And Careerlearning Inc reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership model or that compensation is not allocated to officers, which is a strong positive for resource allocation.
Filing History
IRS 990 filing history for Golden Isles Technical And Careerlearning Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Golden Isles Technical And Careerlearning Inc's revenue has grown by 68.2%, moving from $95K to $160K. Total assets increased by 58.9% over the same period, from $101K to $160K. Total functional expenses rose by 65.2%, from $63K to $104K. In its most recent filing year (2024), Golden Isles Technical And Careerlearning Inc reported a surplus of $56K, with revenue exceeding expenses. The organization holds $3K in liabilities against $160K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $157K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $160K | $104K | $160K | $3K | — | — |
| 2023 | $142K | $107K | $101K | $770 | — | View 990 |
| 2022 | $53K | $96K | $67K | $2K | — | View 990 |
| 2021 | $99K | $108K | $111K | $2K | — | View 990 |
| 2020 | $98K | $94K | $119K | $72 | — | View 990 |
| 2019 | $124K | $68K | $118K | $3K | — | View 990 |
| 2018 | $106K | $91K | $60K | $1K | — | View 990 |
| 2017 | $85K | $83K | $46K | $2K | — | View 990 |
| 2016 | $132K | $109K | $42K | $428 | — | — |
| 2015 | $67K | $68K | $21K | $3K | — | View 990 |
| 2014 | $86K | $113K | $19K | $341 | — | View 990 |
| 2013 | $11K | $62K | $46K | $334 | — | View 990 |
| 2011 | $95K | $63K | $101K | $782 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $160K, expenses of $104K, and assets of $160K (revenue +13.4% year-over-year).
- 2023: Revenue of $142K, expenses of $107K, and assets of $101K (revenue +167.3% year-over-year).
- 2022: Revenue of $53K, expenses of $96K, and assets of $67K (revenue -46.5% year-over-year).
- 2021: Revenue of $99K, expenses of $108K, and assets of $111K (revenue +0.8% year-over-year).
- 2020: Revenue of $98K, expenses of $94K, and assets of $119K (revenue -21.0% year-over-year).
- 2019: Revenue of $124K, expenses of $68K, and assets of $118K (revenue +16.9% year-over-year).
- 2018: Revenue of $106K, expenses of $91K, and assets of $60K (revenue +24.9% year-over-year).
- 2017: Revenue of $85K, expenses of $83K, and assets of $46K (revenue -35.5% year-over-year).
- 2016: Revenue of $132K, expenses of $109K, and assets of $42K (revenue +95.9% year-over-year).
- 2015: Revenue of $67K, expenses of $68K, and assets of $21K (revenue -22.0% year-over-year).
- 2014: Revenue of $86K, expenses of $113K, and assets of $19K (revenue +695.9% year-over-year).
- 2013: Revenue of $11K, expenses of $62K, and assets of $46K (revenue -88.6% year-over-year).
- 2011: Revenue of $95K, expenses of $63K, and assets of $101K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Golden Isles Technical And Careerlearning Inc:
Data Sources and Methodology
This transparency report for Golden Isles Technical And Careerlearning 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.