Higher Ed Works
EIN: 824082527 · Raleigh, NC · NTEE: B19
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $618K |
| Net Assets | $497K |
Is Higher Ed Works Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Higher Ed Works
Higher Ed Works (EIN: 824082527) is a nonprofit organization based in Raleigh, NC, classified under NTEE code B19. The organization reported total revenue of $1.4M and total assets of $961K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Higher Ed Works's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Higher Ed Works is a mid-size nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $674K |
| Total Expenses | $618K |
| Surplus / Deficit | +$57K |
| Total Assets | $497K |
| Net Assets | $497K |
| Operating Margin | 8.4% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, Higher Ed Works reported a surplus of $57K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Higher Ed Works's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | -16.7% | +12.8% |
| 2022 | -12.3% | +10.4% | -16.6% |
| 2021 | -7.6% | +0.6% | +16.4% |
| 2020 | -1.5% | +31.9% | +44.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Higher Ed Works 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 Higher Ed Works 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 $57K, with revenue exceeding expenses.
Frequently Asked Questions about Higher Ed Works
Is Higher Ed Works a legitimate charity?
Based on AI analysis of IRS 990 filings, Higher Ed Works (EIN: 824082527) insufficient data. 0 red flags identified, 0 strengths noted.
How does Higher Ed Works spend its money?
Detailed spending breakdown data is not yet available for Higher Ed Works. Check back for updated IRS 990 analysis.
Are donations to Higher Ed Works tax-deductible?
Higher Ed Works is registered as a tax-exempt nonprofit (EIN: 824082527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Higher Ed Works located?
Higher Ed Works is headquartered in Raleigh, North Carolina and files with the IRS under EIN 824082527. It is classified under NTEE code B19.
How many years of IRS 990 filings does Higher Ed Works have?
Higher Ed Works has 5 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Higher Ed Works showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Higher Ed Works's revenue has declined by 17.8%, moving from $820K to $674K. Total assets increased by 58.4% over the same period, from $314K to $497K. Total functional expenses rose by 22%, from $506K to $618K. In its most recent filing year (2023), Higher Ed Works reported a surplus of $57K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $674K | $618K | $497K | $0 | — | — |
| 2022 | $654K | $742K | $441K | $0 | — | View 990 |
| 2021 | $746K | $672K | $528K | $0 | — | View 990 |
| 2020 | $808K | $668K | $454K | $0 | — | View 990 |
| 2019 | $820K | $506K | $314K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $674K, expenses of $618K, and assets of $497K (revenue +3.1% year-over-year).
- 2022: Revenue of $654K, expenses of $742K, and assets of $441K (revenue -12.3% year-over-year).
- 2021: Revenue of $746K, expenses of $672K, and assets of $528K (revenue -7.6% year-over-year).
- 2020: Revenue of $808K, expenses of $668K, and assets of $454K (revenue -1.5% year-over-year).
- 2019: Revenue of $820K, expenses of $506K, and assets of $314K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Higher Ed Works:
Data Sources and Methodology
This transparency report for Higher Ed Works 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.