Incharge Education Foundation Inc
Incharge Education Foundation Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 200152720 · Orlando, FL · NTEE: P51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $6.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.8M |
| Transparency Score | 85/100 |
Is Incharge Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Incharge Education Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Incharge Education Foundation Inc
Incharge Education Foundation Inc (EIN: 200152720) is a nonprofit organization based in Orlando, FL, classified under NTEE code P51. The organization reported total revenue of $6.9M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Incharge Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Incharge Education Foundation Inc 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 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $6.0M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $8.1M |
| Total Liabilities | $286K |
| Net Assets | $7.8M |
| Operating Margin | 18.8% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2023, Incharge Education Foundation Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Incharge Education Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.7% | +15.2% | +49.1% |
| 2022 | +8.8% | +5.1% | -12.1% |
| 2021 | +16.3% | +20.1% | -7.1% |
| 2020 | +176.6% | +396.8% | +8.7% |
| 2019 | -16.5% | -2.8% | +17.8% |
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 Incharge Education Foundation 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: 85%
- fundraising: 5%
According to IRS 990 filings, Incharge Education Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $7 million in annual revenue and $8 million in assets. This suggests either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which could impact transparency.
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 Incharge Education Foundation Inc's IRS 990 filings:
- 0% reported officer compensation for an organization of this size, which may obscure actual executive costs if compensated through other means.
Strengths
The following positive indicators were identified for Incharge Education Foundation Inc:
- Strong and consistent revenue growth, particularly from 2019 to 2023.
- Consistent generation of surpluses, leading to healthy asset accumulation.
- Significant growth in assets, from $4.4 million in 2014 to over $8 million in 2023, indicating financial stability.
- Expenses generally well-controlled relative to revenue, demonstrating efficient financial management.
Frequently Asked Questions about Incharge Education Foundation Inc
Is Incharge Education Foundation Inc a legitimate charity?
Incharge Education Foundation Inc (EIN: 200152720) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Incharge Education Foundation Inc spend its money?
Incharge Education Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Incharge Education Foundation Inc tax-deductible?
Incharge Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200152720). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Incharge Education Foundation Inc CEO make?
Incharge Education Foundation Inc's highest-compensated officer earns $7 annually. The organization reported $6.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Incharge Education Foundation Inc's spending goes to programs?
Incharge Education Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Incharge Education Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Incharge Education Foundation Inc is above average for NTEE category P51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Incharge Education Foundation Inc located?
Incharge Education Foundation Inc is headquartered in Orlando, Florida and files with the IRS under EIN 200152720. It is classified under NTEE code P51.
How many years of IRS 990 filings does Incharge Education Foundation Inc have?
Incharge Education Foundation Inc has 13 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 $6.9M in total revenue.
How does Incharge Education Foundation Inc manage to operate without reporting any officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean the executive leadership is entirely volunteer-based, or their compensation is reported under different expense categories (e.g., salaries and wages for non-officers, or professional fees), which would require deeper analysis of their financial statements for clarity.
What caused the significant revenue increase from $1.48 million in 2019 to $4.1 million in 2020?
The filings show a substantial jump in revenue during this period. This could be due to new grants, expanded programs, increased donations, or changes in funding models. Further details would likely be found in the organization's annual reports or detailed financial statements.
Is the organization's asset growth sustainable given its revenue and expense trends?
Yes, the organization has consistently generated surpluses (revenue exceeding expenses) in recent years, contributing to its asset growth. For example, in 2023, revenue was $7.4 million and expenses were $6.01 million, resulting in a surplus that adds to assets. This trend suggests sustainable asset accumulation.
Filing History
IRS 990 filing history for Incharge Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Incharge Education Foundation Inc's revenue has grown by 123.9%, moving from $3.3M to $7.4M. Total assets increased by 7.4% over the same period, from $7.5M to $8.1M. Total functional expenses rose by 125.6%, from $2.7M to $6.0M. In its most recent filing year (2023), Incharge Education Foundation Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $286K in liabilities against $8.1M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.4M | $6.0M | $8.1M | $286K | — | View 990 |
| 2022 | $5.2M | $5.2M | $5.4M | $125K | — | — |
| 2021 | $4.8M | $5.0M | $6.1M | $237K | — | View 990 |
| 2020 | $4.1M | $4.1M | $6.6M | $403K | — | View 990 |
| 2019 | $1.5M | $832K | $6.1M | $39K | — | View 990 |
| 2018 | $1.8M | $856K | $5.2M | $33K | — | View 990 |
| 2017 | $734K | $825K | $4.6M | $96K | — | View 990 |
| 2016 | $829K | $865K | $4.5M | $23K | — | View 990 |
| 2015 | $651K | $537K | $4.5M | $15K | — | View 990 |
| 2014 | $525K | $2.5M | $4.5M | $39K | — | View 990 |
| 2013 | $559K | $613K | $6.4M | $41K | — | View 990 |
| 2012 | $833K | $880K | $7.4M | $80K | — | View 990 |
| 2011 | $3.3M | $2.7M | $7.5M | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.4M, expenses of $6.0M, and assets of $8.1M (revenue +42.7% year-over-year).
- 2022: Revenue of $5.2M, expenses of $5.2M, and assets of $5.4M (revenue +8.8% year-over-year).
- 2021: Revenue of $4.8M, expenses of $5.0M, and assets of $6.1M (revenue +16.3% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.1M, and assets of $6.6M (revenue +176.6% year-over-year).
- 2019: Revenue of $1.5M, expenses of $832K, and assets of $6.1M (revenue -16.5% year-over-year).
- 2018: Revenue of $1.8M, expenses of $856K, and assets of $5.2M (revenue +142.2% year-over-year).
- 2017: Revenue of $734K, expenses of $825K, and assets of $4.6M (revenue -11.4% year-over-year).
- 2016: Revenue of $829K, expenses of $865K, and assets of $4.5M (revenue +27.4% year-over-year).
- 2015: Revenue of $651K, expenses of $537K, and assets of $4.5M (revenue +23.9% year-over-year).
- 2014: Revenue of $525K, expenses of $2.5M, and assets of $4.5M (revenue -6.1% year-over-year).
- 2013: Revenue of $559K, expenses of $613K, and assets of $6.4M (revenue -32.9% year-over-year).
- 2012: Revenue of $833K, expenses of $880K, and assets of $7.4M (revenue -74.8% year-over-year).
- 2011: Revenue of $3.3M, expenses of $2.7M, and assets of $7.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Incharge Education Foundation Inc:
Data Sources and Methodology
This transparency report for Incharge Education Foundation 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.