Metro East Web Academy
EIN: 264029321 · Gresham, OR · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $6.9M |
| Net Assets | $2.0M |
Is Metro East Web Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Metro East Web Academy
Metro East Web Academy (EIN: 264029321) is a nonprofit organization based in Gresham, OR, classified under NTEE code B29. The organization reported total revenue of $9.1M and total assets of $15.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metro East Web Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Metro East Web Academy is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $6.9M |
| Surplus / Deficit | $-1,074,034 |
| Total Assets | $14.0M |
| Total Liabilities | $12.0M |
| Net Assets | $2.0M |
| Operating Margin | -18.5% |
| Debt-to-Asset Ratio | 85.6% |
| Months of Reserves | 24.4 months |
Financial Health Grade: C
In 2023, Metro East Web Academy reported a deficit of $1.1M with expenses exceeding revenue, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 85.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Metro East Web Academy's revenue has grown at a compound annual growth rate (CAGR) of 13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.8% | -2.5% | -6.4% |
| 2022 | +34.5% | +14.7% | +21.6% |
| 2021 | +50.8% | +8.9% | +15.8% |
| 2020 | +7.5% | +26.2% | +214.6% |
| 2019 | +13.8% | +18.0% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Metro East Web Academy 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 Metro East Web Academy 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 85.6%.
Frequently Asked Questions about Metro East Web Academy
Is Metro East Web Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Metro East Web Academy (EIN: 264029321) insufficient data. 0 red flags identified, 0 strengths noted.
How does Metro East Web Academy spend its money?
Detailed spending breakdown data is not yet available for Metro East Web Academy. Check back for updated IRS 990 analysis.
Are donations to Metro East Web Academy tax-deductible?
Metro East Web Academy is registered as a tax-exempt nonprofit (EIN: 264029321). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Metro East Web Academy located?
Metro East Web Academy is headquartered in Gresham, Oregon and files with the IRS under EIN 264029321. It is classified under NTEE code B29.
How many years of IRS 990 filings does Metro East Web Academy have?
Metro East Web Academy 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 $9.1M in total revenue.
Filing History
IRS 990 filing history for Metro East Web Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Metro East Web Academy's revenue has grown by 373%, moving from $1.2M to $5.8M. Total assets increased by 2474% over the same period, from $544K to $14.0M. Total functional expenses rose by 670.2%, from $895K to $6.9M. In its most recent filing year (2023), Metro East Web Academy reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $12.0M in liabilities against $14.0M in assets (debt-to-asset ratio: 85.6%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $6.9M | $14.0M | $12.0M | — | View 990 |
| 2022 | $9.7M | $7.1M | $15.0M | $11.9M | — | View 990 |
| 2021 | $7.2M | $6.2M | $12.3M | $11.8M | — | View 990 |
| 2020 | $4.8M | $5.7M | $10.6M | $11.1M | — | View 990 |
| 2019 | $4.4M | $4.5M | $3.4M | $3.0M | — | View 990 |
| 2018 | $3.9M | $3.8M | $3.1M | $2.7M | — | View 990 |
| 2017 | $3.1M | $3.2M | $3.1M | $2.8M | — | View 990 |
| 2016 | $2.8M | $3.6M | $1.8M | $1.3M | — | View 990 |
| 2015 | $3.0M | $2.5M | $1.6M | $284K | — | View 990 |
| 2014 | $2.6M | $2.6M | $1.4M | $172K | — | View 990 |
| 2013 | $2.4M | $2.0M | $1.4M | $135K | — | View 990 |
| 2012 | $1.6M | $1.3M | $882K | $65K | — | View 990 |
| 2011 | $1.2M | $895K | $544K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $6.9M, and assets of $14.0M (revenue -39.8% year-over-year).
- 2022: Revenue of $9.7M, expenses of $7.1M, and assets of $15.0M (revenue +34.5% year-over-year).
- 2021: Revenue of $7.2M, expenses of $6.2M, and assets of $12.3M (revenue +50.8% year-over-year).
- 2020: Revenue of $4.8M, expenses of $5.7M, and assets of $10.6M (revenue +7.5% year-over-year).
- 2019: Revenue of $4.4M, expenses of $4.5M, and assets of $3.4M (revenue +13.8% year-over-year).
- 2018: Revenue of $3.9M, expenses of $3.8M, and assets of $3.1M (revenue +26.4% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.2M, and assets of $3.1M (revenue +11.8% year-over-year).
- 2016: Revenue of $2.8M, expenses of $3.6M, and assets of $1.8M (revenue -6.7% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.5M, and assets of $1.6M (revenue +15.0% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.6M, and assets of $1.4M (revenue +5.1% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.0M, and assets of $1.4M (revenue +52.3% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.3M, and assets of $882K (revenue +30.5% year-over-year).
- 2011: Revenue of $1.2M, expenses of $895K, and assets of $544K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Metro East Web Academy:
Data Sources and Methodology
This transparency report for Metro East Web Academy 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.