Guilford Fund For Education Inc
Guilford Fund For Education Inc. faces recent operational deficits despite strong asset base and volunteer leadership.
EIN: 208879908 · Guilford, CT · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $91K |
| Total Expenses | $100K |
| Program Spending | 90% |
| Net Assets | $401K |
| Transparency Score | 85/100 |
Is Guilford Fund For Education Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Guilford Fund For Education Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Guilford Fund For Education Inc
Guilford Fund For Education Inc (EIN: 208879908) is a nonprofit organization based in Guilford, CT, classified under NTEE code T31. The organization reported total revenue of $91K and total assets of $401K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Guilford Fund For Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Guilford Fund For Education Inc is a micro nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88K |
| Total Expenses | $100K |
| Surplus / Deficit | $-12,023 |
| Total Assets | $401K |
| Net Assets | $401K |
| Operating Margin | -13.6% |
| Months of Reserves | 48.0 months |
Financial Health Grade: B
In 2023, Guilford Fund For Education Inc reported a deficit of $12K with expenses exceeding revenue, holds 48.0 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Guilford Fund For Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +116.1% | -16.4% | -2.9% |
| 2022 | -6.4% | +86.4% | -27.6% |
| 2021 | +99.4% | +528.5% | +19.0% |
| 2020 | -27.3% | -72.4% | +2.5% |
| 2019 | -41.9% | +7.4% | +8.8% |
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 Guilford Fund For Education Inc with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Guilford Fund For Education Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $12K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a volunteer-led structure. This is highly favorable, as it means all funds are directed towards programs and essential administrative functions rather than executive salaries.
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 Guilford Fund For Education Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023, 2022, 2021, 2019, 2014) where expenses exceeded revenue.
- Significant revenue volatility, with a sharp drop from $88,214 in 2023 to $40,824 in 2022, then a rebound.
Strengths
The following positive indicators were identified for Guilford Fund For Education Inc:
- Strong asset base of $400,581 with no liabilities, providing financial stability.
- Zero officer compensation across all reported periods, indicating a volunteer-driven and highly efficient leadership structure.
- Consistent focus on its mission, with funds primarily directed towards programs due to minimal administrative overhead.
- High transparency through consistent IRS 990 filings.
Frequently Asked Questions about Guilford Fund For Education Inc
Is Guilford Fund For Education Inc a legitimate charity?
Guilford Fund For Education Inc (EIN: 208879908) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $91K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Guilford Fund For Education Inc spend its money?
Guilford Fund For Education Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Guilford Fund For Education Inc tax-deductible?
Guilford Fund For Education Inc is registered as a tax-exempt nonprofit (EIN: 208879908). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Guilford Fund For Education Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Guilford Fund For Education Inc is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Guilford Fund For Education Inc located?
Guilford Fund For Education Inc is headquartered in Guilford, Connecticut and files with the IRS under EIN 208879908. It is classified under NTEE code T31.
How many years of IRS 990 filings does Guilford Fund For Education Inc have?
Guilford Fund For Education Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $91K in total revenue.
How does Guilford Fund For Education Inc. cover its operational deficits?
The organization has experienced expenses exceeding revenue in recent years (e.g., $100,237 expenses vs. $88,214 revenue in 2023, and $119,960 expenses vs. $40,824 revenue in 2022). Given its healthy asset base of $400,581 and zero liabilities, it likely covers these deficits by drawing from its accumulated reserves or investment income.
Is the organization's asset base sufficient to sustain its current spending trends?
While the organization has a substantial asset base of $400,581, a continued trend of expenses significantly exceeding revenue, as seen in 2022, could erode these assets over time. The current asset level provides a buffer, but long-term sustainability requires aligning expenses with revenue or increasing fundraising efforts.
What is the impact of zero officer compensation on the organization's efficiency?
Zero officer compensation is a significant strength, indicating that the organization is volunteer-led at the executive level. This minimizes administrative overhead and ensures that a very high percentage of donor contributions can be directed towards its educational programs, enhancing spending efficiency.
Filing History
IRS 990 filing history for Guilford Fund For Education Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Guilford Fund For Education Inc's revenue has grown by 61.7%, moving from $55K to $88K. Total assets increased by 37.8% over the same period, from $291K to $401K. Total functional expenses rose by 166.6%, from $38K to $100K. In its most recent filing year (2023), Guilford Fund For Education Inc reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88K | $100K | $401K | $0 | — | View 990 |
| 2022 | $41K | $120K | $413K | $0 | — | View 990 |
| 2021 | $44K | $64K | $570K | $0 | — | — |
| 2020 | $22K | $10K | $479K | $0 | — | View 990 |
| 2019 | $30K | $37K | $467K | $0 | — | — |
| 2018 | $52K | $34K | $429K | $0 | — | — |
| 2017 | $56K | $29K | $412K | $0 | — | View 990 |
| 2016 | $45K | $18K | $385K | $0 | — | View 990 |
| 2015 | $58K | $23K | $359K | $0 | — | View 990 |
| 2014 | $43K | $48K | $323K | $0 | — | View 990 |
| 2013 | $63K | $26K | $328K | $0 | — | View 990 |
| 2012 | $55K | $38K | $291K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $88K, expenses of $100K, and assets of $401K (revenue +116.1% year-over-year).
- 2022: Revenue of $41K, expenses of $120K, and assets of $413K (revenue -6.4% year-over-year).
- 2021: Revenue of $44K, expenses of $64K, and assets of $570K (revenue +99.4% year-over-year).
- 2020: Revenue of $22K, expenses of $10K, and assets of $479K (revenue -27.3% year-over-year).
- 2019: Revenue of $30K, expenses of $37K, and assets of $467K (revenue -41.9% year-over-year).
- 2018: Revenue of $52K, expenses of $34K, and assets of $429K (revenue -7.4% year-over-year).
- 2017: Revenue of $56K, expenses of $29K, and assets of $412K (revenue +23.8% year-over-year).
- 2016: Revenue of $45K, expenses of $18K, and assets of $385K (revenue -22.7% year-over-year).
- 2015: Revenue of $58K, expenses of $23K, and assets of $359K (revenue +36.0% year-over-year).
- 2014: Revenue of $43K, expenses of $48K, and assets of $323K (revenue -32.0% year-over-year).
- 2013: Revenue of $63K, expenses of $26K, and assets of $328K (revenue +16.0% year-over-year).
- 2012: Revenue of $55K, expenses of $38K, and assets of $291K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Guilford Fund For Education Inc:
Data Sources and Methodology
This transparency report for Guilford Fund For Education 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.