Mile Square Early Learning Center
Mile Square Early Learning Center: Strong Growth, High Programmatic Spending
EIN: 222221257 · Hoboken, NJ · NTEE: P33Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $11.9M |
| Total Expenses | $10.4M |
| Program Spending | 88% |
| Net Assets | $3.8M |
| Transparency Score | 85/100 |
Is Mile Square Early Learning Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mile Square Early Learning Center directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mile Square Early Learning Center
Mile Square Early Learning Center (EIN: 222221257) is a nonprofit organization based in Hoboken, NJ, classified under NTEE code P33Z. The organization reported total revenue of $11.9M and total assets of $15.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mile Square Early Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mile Square Early Learning Center is a large nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.4M |
| Total Expenses | $10.4M |
| Surplus / Deficit | +$936K |
| Total Assets | $12.8M |
| Total Liabilities | $9.0M |
| Net Assets | $3.8M |
| Operating Margin | 8.2% |
| Debt-to-Asset Ratio | 70.2% |
| Months of Reserves | 14.8 months |
Financial Health Grade: A
In 2023, Mile Square Early Learning Center reported a surplus of $936K with revenue exceeding expenses, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 70.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2023), Mile Square Early Learning Center's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.6% | -0.2% | +203.1% |
| 2022 | +19.9% | +12.3% | +0.6% |
| 2021 | +28.7% | +24.5% | +56.8% |
| 2020 | -0.6% | +4.4% | +60.0% |
| 2019 | +113.3% | +114.9% | +29.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Mile Square Early Learning Center 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: 8%
- programs: 88%
- fundraising: 4%
According to IRS 990 filings, Mile Square Early Learning Center allocates its expenses as follows: admin: 8%, programs: 88%, fundraising: 4%. With 88% 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 $936K, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely refers to compensation from related parties rather than total executive compensation.
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.
Strengths
The following positive indicators were identified for Mile Square Early Learning Center:
- Consistent revenue growth from $3.5M in 2018 to $11.8M in 2023 demonstrates strong financial health and expanding operations.
- High percentage of expenses dedicated to programs (88% based on 2023 data where expenses 'x' are $10,419,244 and revenue 'r' is $11,355,389, implying strong mission focus).
- Significant increase in assets from $1.2M in 2018 to $15.6M in 2023, indicating robust financial management and capacity building.
- Low administrative and fundraising costs suggest efficient operations and effective resource allocation.
Frequently Asked Questions about Mile Square Early Learning Center
Is Mile Square Early Learning Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Mile Square Early Learning Center (EIN: 222221257) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Mile Square Early Learning Center spend its money?
Mile Square Early Learning Center directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mile Square Early Learning Center tax-deductible?
Mile Square Early Learning Center is registered as a tax-exempt nonprofit (EIN: 222221257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mile Square Early Learning Center's spending goes to programs?
Mile Square Early Learning Center directs 88% to programs, 4% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mile Square Early Learning Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mile Square Early Learning Center is above average for NTEE category P33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mile Square Early Learning Center located?
Mile Square Early Learning Center is headquartered in Hoboken, New Jersey and files with the IRS under EIN 222221257. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Mile Square Early Learning Center have?
Mile Square Early Learning Center 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 $11.9M in total revenue.
What does Mile Square Early Learning Center do?
Mile Square Early Learning Center is a nonprofit organization in the Human Services sector, located in Hoboken, New Jersey. It is classified under NTEE code P33Z.
How much revenue does Mile Square Early Learning Center have?
Mile Square Early Learning Center reported total revenue of $11,850,556. Based on 13 IRS 990 filings on record.
What are Mile Square Early Learning Center's total assets?
Mile Square Early Learning Center holds total assets of $15,694,628 as reported in IRS 990 filings.
Where is Mile Square Early Learning Center located?
Mile Square Early Learning Center is based in Hoboken, New Jersey.
What is Mile Square Early Learning Center's EIN?
Mile Square Early Learning Center's Employer Identification Number (EIN) is 222221257. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mile Square Early Learning Center?
Mile Square Early Learning Center is classified under NTEE code P33Z (Human Services).
Is Mile Square Early Learning Center a registered 501(c)(3)?
Yes, Mile Square Early Learning Center is recognized as a tax-exempt organization by the IRS. EIN: 222221257.
Does Mile Square Early Learning Center file IRS Form 990?
Yes, Mile Square Early Learning Center has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Mile Square Early Learning Center's revenue in 2023?
In the 202306 filing period, Mile Square Early Learning Center reported total revenue of $11,355,389, total expenses of $10,419,244, and net assets of $12,812,367.
Is Mile Square Early Learning Center's revenue growing or declining?
Mile Square Early Learning Center's revenue is relatively stable. Revenue went from $11,540,202 (202206) to $11,355,389 (202306), a -1.6% change. Based on 13 filings on record.
What is Mile Square Early Learning Center's most recent 990 filing?
The most recent IRS Form 990 filing for Mile Square Early Learning Center covers tax period 202306. It shows revenue of $11,355,389, expenses of $10,419,244, total assets of $12,812,367, and liabilities of $8,999,578.
How much does Mile Square Early Learning Center spend on programs vs administration?
Based on IRS 990 analysis, Mile Square Early Learning Center allocates approximately 88% of expenses to program services, 8% to administrative costs, and 4% to fundraising. This indicates strong program focus.
Is Mile Square Early Learning Center a trustworthy charity?
Based on AI analysis of IRS 990 data, Mile Square Early Learning Center appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Mile Square Early Learning Center's strengths?
Positive indicators for Mile Square Early Learning Center include: Consistent revenue growth from $3.5M in 2018 to $11.8M in 2023 demonstrates strong financial health and expanding operations.. High percentage of expenses dedicated to programs (88% based on 2023 data where expenses 'x' are $10,419,244 and revenue 'r' is $11,355,389, implying strong mission focus).. Significant increase in assets from $1.2M in 2018 to $15.6M in 2023, indicating robust financial management and capacity building.. Low administrative and fundraising costs suggest efficient operations and effective resource allocation.. These findings are derived from AI analysis of the organization's financial filings.
How does Mile Square Early Learning Center compensate executives?
Executive compensation is not explicitly detailed in the provided data, as 'c0%' likely refers to compensation from related parties rather than total executive compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Mile Square Early Learning Center managed to achieve such substantial asset growth, from $1.2M in 2018 to over $15M in 2023, and what specific investments or strategies contributed to this rapid expansion?
The data shows a remarkable increase in assets, from $1,291,490 in 2018 to $15,694,628 in 2023. This significant growth suggests strategic investments, potentially in new facilities, educational resources, or endowment building, which would require further investigation beyond the provided summary data to pinpoint specific strategies.
Filing History
IRS 990 filing history for Mile Square Early Learning Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Mile Square Early Learning Center's revenue has grown by 205.1%, moving from $3.7M to $11.4M. Total assets increased by 4806.3% over the same period, from $261K to $12.8M. Total functional expenses rose by 189.4%, from $3.6M to $10.4M. In its most recent filing year (2023), Mile Square Early Learning Center reported a surplus of $936K, with revenue exceeding expenses. The organization holds $9.0M in liabilities against $12.8M in assets (debt-to-asset ratio: 70.2%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.4M | $10.4M | $12.8M | $9.0M | — | View 990 |
| 2022 | $11.5M | $10.4M | $4.2M | $1.4M | — | View 990 |
| 2021 | $9.6M | $9.3M | $4.2M | $2.4M | — | View 990 |
| 2020 | $7.5M | $7.5M | $2.7M | $1.2M | — | View 990 |
| 2019 | $7.5M | $7.2M | $1.7M | $238K | — | View 990 |
| 2018 | $3.5M | $3.3M | $1.3M | $228K | — | View 990 |
| 2018 | $7.7M | $7.3M | $2.1M | $1.2M | — | View 990 |
| 2017 | $6.3M | $6.2M | $774K | $359K | — | View 990 |
| 2016 | $5.4M | $5.2M | $608K | $301K | — | View 990 |
| 2015 | $4.8M | $4.7M | $367K | $228K | — | View 990 |
| 2014 | $4.3M | $4.1M | $321K | $246K | — | View 990 |
| 2013 | $3.9M | $4.0M | $198K | $171K | — | View 990 |
| 2012 | $3.7M | $3.6M | $261K | $207K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.4M, expenses of $10.4M, and assets of $12.8M (revenue -1.6% year-over-year).
- 2022: Revenue of $11.5M, expenses of $10.4M, and assets of $4.2M (revenue +19.9% year-over-year).
- 2021: Revenue of $9.6M, expenses of $9.3M, and assets of $4.2M (revenue +28.7% year-over-year).
- 2020: Revenue of $7.5M, expenses of $7.5M, and assets of $2.7M (revenue -0.6% year-over-year).
- 2019: Revenue of $7.5M, expenses of $7.2M, and assets of $1.7M (revenue +113.3% year-over-year).
- 2018: Revenue of $3.5M, expenses of $3.3M, and assets of $1.3M (revenue -54.3% year-over-year).
- 2018: Revenue of $7.7M, expenses of $7.3M, and assets of $2.1M (revenue +21.6% year-over-year).
- 2017: Revenue of $6.3M, expenses of $6.2M, and assets of $774K (revenue +18.1% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.2M, and assets of $608K (revenue +11.9% year-over-year).
- 2015: Revenue of $4.8M, expenses of $4.7M, and assets of $367K (revenue +12.8% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.1M, and assets of $321K (revenue +8.3% year-over-year).
- 2013: Revenue of $3.9M, expenses of $4.0M, and assets of $198K (revenue +5.7% year-over-year).
- 2012: Revenue of $3.7M, expenses of $3.6M, and assets of $261K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mile Square Early Learning Center:
Data Sources and Methodology
This transparency report for Mile Square Early Learning Center 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.