Mobile Area Education Foundation
EIN: 582005291 · Mobile, AL · NTEE: Z99Z
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $1.8M |
| Net Assets | $248K |
Is Mobile Area Education Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mobile Area Education Foundation
Mobile Area Education Foundation (EIN: 582005291) is a nonprofit organization based in Mobile, AL, classified under NTEE code Z99Z. The organization reported total revenue of $4.2M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mobile Area Education Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mobile Area Education Foundation is a mid-size nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$22K |
| Total Assets | $1.1M |
| Total Liabilities | $808K |
| Net Assets | $248K |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 76.5% |
| Months of Reserves | 7.0 months |
Financial Health Grade: A
In 2023, Mobile Area Education Foundation reported a surplus of $22K with revenue exceeding expenses, holds 7.0 months of operating reserves (strong position), has a debt-to-asset ratio of 76.5% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Mobile Area Education Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +297.9% | +210.3% | +244.7% |
| 2022 | -22.8% | -16.6% | -25.1% |
| 2021 | -35.4% | -9.7% | -38.6% |
| 2020 | +37.5% | -3.3% | +4.1% |
| 2019 | +0.0% | +0.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mobile Area Education Foundation 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 Mobile Area Education Foundation 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 $22K, with revenue exceeding expenses.
- Debt-to-asset ratio: 76.5%.
Frequently Asked Questions about Mobile Area Education Foundation
Is Mobile Area Education Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mobile Area Education Foundation (EIN: 582005291) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mobile Area Education Foundation spend its money?
Detailed spending breakdown data is not yet available for Mobile Area Education Foundation. Check back for updated IRS 990 analysis.
Are donations to Mobile Area Education Foundation tax-deductible?
Mobile Area Education Foundation is registered as a tax-exempt nonprofit (EIN: 582005291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mobile Area Education Foundation located?
Mobile Area Education Foundation is headquartered in Mobile, Alabama and files with the IRS under EIN 582005291. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Mobile Area Education Foundation have?
Mobile Area Education Foundation has 14 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 $4.2M in total revenue.
Filing History
IRS 990 filing history for Mobile Area Education Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Mobile Area Education Foundation's revenue has declined by 55%, moving from $4.1M to $1.8M. Total assets increased by 61.6% over the same period, from $653K to $1.1M. Total functional expenses fell by 56.9%, from $4.2M to $1.8M. In its most recent filing year (2023), Mobile Area Education Foundation reported a surplus of $22K, with revenue exceeding expenses. The organization holds $808K in liabilities against $1.1M in assets (debt-to-asset ratio: 76.5%), resulting in net assets of $248K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.8M | $1.1M | $808K | — | View 990 |
| 2022 | $461K | $584K | $306K | $81K | — | View 990 |
| 2021 | $597K | $700K | $409K | $61K | — | — |
| 2020 | $924K | $775K | $666K | $214K | — | — |
| 2019 | $672K | $802K | $639K | $336K | — | View 990 |
| 2019 | $672K | $802K | $639K | $336K | — | View 990 |
| 2018 | $1.1M | $1.1M | $896K | $463K | — | View 990 |
| 2017 | $2.0M | $1.8M | $1.1M | $619K | — | View 990 |
| 2016 | $1.4M | $1.8M | $832K | $557K | — | View 990 |
| 2015 | $2.6M | $2.5M | $1.4M | $784K | — | View 990 |
| 2014 | $3.5M | $3.2M | $1.1M | $586K | — | View 990 |
| 2013 | $3.4M | $3.5M | $913K | $629K | — | View 990 |
| 2012 | $4.1M | $4.1M | $1.4M | $998K | — | View 990 |
| 2011 | $4.1M | $4.2M | $653K | $326K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.8M, and assets of $1.1M (revenue +297.9% year-over-year).
- 2022: Revenue of $461K, expenses of $584K, and assets of $306K (revenue -22.8% year-over-year).
- 2021: Revenue of $597K, expenses of $700K, and assets of $409K (revenue -35.4% year-over-year).
- 2020: Revenue of $924K, expenses of $775K, and assets of $666K (revenue +37.5% year-over-year).
- 2019: Revenue of $672K, expenses of $802K, and assets of $639K (revenue +0.0% year-over-year).
- 2019: Revenue of $672K, expenses of $802K, and assets of $639K (revenue -40.2% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $896K (revenue -43.2% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.8M, and assets of $1.1M (revenue +41.6% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.8M, and assets of $832K (revenue -46.4% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.5M, and assets of $1.4M (revenue -25.3% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.2M, and assets of $1.1M (revenue +1.6% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.5M, and assets of $913K (revenue -17.0% year-over-year).
- 2012: Revenue of $4.1M, expenses of $4.1M, and assets of $1.4M (revenue +1.8% year-over-year).
- 2011: Revenue of $4.1M, expenses of $4.2M, and assets of $653K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mobile Area Education Foundation:
Data Sources and Methodology
This transparency report for Mobile Area Education Foundation 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.