Madison County Community Learning Centers
EIN: 262861397 · Hot Springs, NC · NTEE: P33
Is Madison County Community Learning Centers Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Madison County Community Learning Centers
Madison County Community Learning Centers (EIN: 262861397) is a nonprofit organization based in Hot Springs, NC, classified under NTEE code P33. The organization reported total revenue of $1.4M and total assets of $790K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison County Community Learning Centers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison County Community Learning Centers is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-27,687 |
| Total Assets | $710K |
| Total Liabilities | $213K |
| Net Assets | $497K |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 30.0% |
| Months of Reserves | 7.4 months |
Financial Health Grade: B
In 2023, Madison County Community Learning Centers reported a deficit of $28K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 30.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Madison County Community Learning Centers's revenue has grown at a compound annual growth rate (CAGR) of 18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.3% | +25.9% | -0.8% |
| 2022 | +69.5% | +74.3% | +13.3% |
| 2021 | -4.2% | -16.1% | +35.1% |
| 2020 | -12.2% | -15.2% | -2.7% |
| 2019 | +19.2% | +30.6% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Madison County Community Learning Centers 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 Madison County Community Learning Centers 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 deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.0%.
Frequently Asked Questions about Madison County Community Learning Centers
Is Madison County Community Learning Centers a legitimate charity?
Based on AI analysis of IRS 990 filings, Madison County Community Learning Centers (EIN: 262861397) insufficient data. 0 red flags identified, 0 strengths noted.
How does Madison County Community Learning Centers spend its money?
Detailed spending breakdown data is not yet available for Madison County Community Learning Centers. Check back for updated IRS 990 analysis.
Are donations to Madison County Community Learning Centers tax-deductible?
Madison County Community Learning Centers is registered as a tax-exempt nonprofit (EIN: 262861397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Madison County Community Learning Centers showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Madison County Community Learning Centers's revenue has grown by 627.6%, moving from $155K to $1.1M. Total assets increased by 12840% over the same period, from $5K to $710K. Total functional expenses rose by 680.2%, from $148K to $1.2M. In its most recent filing year (2023), Madison County Community Learning Centers reported a deficit of $28K, with expenses exceeding revenue. The organization holds $213K in liabilities against $710K in assets (debt-to-asset ratio: 30.0%), resulting in net assets of $497K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $710K | $213K | — | — |
| 2022 | $1.0M | $916K | $716K | $191K | — | View 990 |
| 2021 | $613K | $525K | $632K | $230K | — | View 990 |
| 2020 | $640K | $626K | $468K | $196K | — | — |
| 2019 | $729K | $738K | $481K | $223K | — | View 990 |
| 2018 | $611K | $565K | $414K | $147K | — | View 990 |
| 2017 | $534K | $501K | $311K | $90K | — | View 990 |
| 2016 | $385K | $364K | $173K | $0 | — | View 990 |
| 2015 | $374K | $270K | $151K | $0 | — | View 990 |
| 2014 | $158K | $149K | $48K | $0 | — | View 990 |
| 2013 | $223K | $177K | $52K | $0 | — | View 990 |
| 2012 | $252K | $218K | $7K | $0 | — | View 990 |
| 2011 | $155K | $148K | $5K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $710K (revenue +8.3% year-over-year).
- 2022: Revenue of $1.0M, expenses of $916K, and assets of $716K (revenue +69.5% year-over-year).
- 2021: Revenue of $613K, expenses of $525K, and assets of $632K (revenue -4.2% year-over-year).
- 2020: Revenue of $640K, expenses of $626K, and assets of $468K (revenue -12.2% year-over-year).
- 2019: Revenue of $729K, expenses of $738K, and assets of $481K (revenue +19.2% year-over-year).
- 2018: Revenue of $611K, expenses of $565K, and assets of $414K (revenue +14.4% year-over-year).
- 2017: Revenue of $534K, expenses of $501K, and assets of $311K (revenue +38.7% year-over-year).
- 2016: Revenue of $385K, expenses of $364K, and assets of $173K (revenue +3.1% year-over-year).
- 2015: Revenue of $374K, expenses of $270K, and assets of $151K (revenue +137.1% year-over-year).
- 2014: Revenue of $158K, expenses of $149K, and assets of $48K (revenue -29.2% year-over-year).
- 2013: Revenue of $223K, expenses of $177K, and assets of $52K (revenue -11.5% year-over-year).
- 2012: Revenue of $252K, expenses of $218K, and assets of $7K (revenue +62.7% year-over-year).
- 2011: Revenue of $155K, expenses of $148K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison County Community Learning Centers:
Data Sources and Methodology
This transparency report for Madison County Community Learning Centers 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.