Parents And Children Advance Together Literacy Ministries
EIN: 272313001 · Tampa, FL · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $639K |
| Total Expenses | $460K |
| Net Assets | $137K |
Is Parents And Children Advance Together Literacy Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Parents And Children Advance Together Literacy Ministries
Parents And Children Advance Together Literacy Ministries (EIN: 272313001) is a nonprofit organization based in Tampa, FL, classified under NTEE code O50. The organization reported total revenue of $639K and total assets of $212K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parents And Children Advance Together Literacy Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parents And Children Advance Together Literacy Ministries is a small nonprofit that has been operating for 16 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 16.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $523K |
| Total Expenses | $460K |
| Surplus / Deficit | +$64K |
| Total Assets | $137K |
| Net Assets | $137K |
| Operating Margin | 12.2% |
| Months of Reserves | 3.6 months |
Financial Health Grade: A
In 2023, Parents And Children Advance Together Literacy Ministries reported a surplus of $64K with revenue exceeding expenses, holds 3.6 months of operating reserves (adequate).
Financial Trends
Over 11 years of filings (2013–2023), Parents And Children Advance Together Literacy Ministries's revenue has grown at a compound annual growth rate (CAGR) of 16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +42.8% | +40.7% | +58.6% |
| 2022 | +83.3% | +44.3% | +6.3% |
| 2021 | -9.5% | +9.9% | +35.3% |
| 2020 | -24.6% | -39.7% | +31.5% |
| 2019 | -33.1% | -18.8% | -51.3% |
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 Parents And Children Advance Together Literacy Ministries 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 Parents And Children Advance Together Literacy Ministries 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 $64K, with revenue exceeding expenses.
Frequently Asked Questions about Parents And Children Advance Together Literacy Ministries
Is Parents And Children Advance Together Literacy Ministries a legitimate charity?
Parents And Children Advance Together Literacy Ministries (EIN: 272313001) is a registered tax-exempt nonprofit based in Florida. It has 11 years of IRS 990 filings on record. Total revenue: $639K. No red flags identified. Financial health grade: A.
How does Parents And Children Advance Together Literacy Ministries spend its money?
Parents And Children Advance Together Literacy Ministries reported $639K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Parents And Children Advance Together Literacy Ministries tax-deductible?
Parents And Children Advance Together Literacy Ministries is registered as a tax-exempt nonprofit (EIN: 272313001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Parents And Children Advance Together Literacy Ministries located?
Parents And Children Advance Together Literacy Ministries is headquartered in Tampa, Florida and files with the IRS under EIN 272313001. It is classified under NTEE code O50.
How many years of IRS 990 filings does Parents And Children Advance Together Literacy Ministries have?
Parents And Children Advance Together Literacy Ministries has 11 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 $639K in total revenue.
Filing History
IRS 990 filing history for Parents And Children Advance Together Literacy Ministries showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Parents And Children Advance Together Literacy Ministries's revenue has grown by 348.4%, moving from $117K to $523K. Total assets increased by 849.3% over the same period, from $14K to $137K. Total functional expenses rose by 291.5%, from $117K to $460K. In its most recent filing year (2023), Parents And Children Advance Together Literacy Ministries reported a surplus of $64K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $523K | $460K | $137K | $0 | — | — |
| 2022 | $366K | $327K | $87K | $13K | — | — |
| 2021 | $200K | $226K | $81K | $48K | — | View 990 |
| 2020 | $221K | $206K | $60K | $0 | — | View 990 |
| 2019 | $293K | $342K | $46K | $525 | — | View 990 |
| 2018 | $438K | $421K | $94K | $0 | — | View 990 |
| 2017 | $356K | $337K | $93K | $16K | — | View 990 |
| 2016 | $288K | $263K | $51K | $354 | — | View 990 |
| 2015 | $213K | $207K | $27K | $798 | — | View 990 |
| 2014 | $147K | $142K | $17K | $2K | — | View 990 |
| 2013 | $117K | $117K | $14K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $523K, expenses of $460K, and assets of $137K (revenue +42.8% year-over-year).
- 2022: Revenue of $366K, expenses of $327K, and assets of $87K (revenue +83.3% year-over-year).
- 2021: Revenue of $200K, expenses of $226K, and assets of $81K (revenue -9.5% year-over-year).
- 2020: Revenue of $221K, expenses of $206K, and assets of $60K (revenue -24.6% year-over-year).
- 2019: Revenue of $293K, expenses of $342K, and assets of $46K (revenue -33.1% year-over-year).
- 2018: Revenue of $438K, expenses of $421K, and assets of $94K (revenue +23.1% year-over-year).
- 2017: Revenue of $356K, expenses of $337K, and assets of $93K (revenue +23.7% year-over-year).
- 2016: Revenue of $288K, expenses of $263K, and assets of $51K (revenue +35.0% year-over-year).
- 2015: Revenue of $213K, expenses of $207K, and assets of $27K (revenue +45.5% year-over-year).
- 2014: Revenue of $147K, expenses of $142K, and assets of $17K (revenue +25.6% year-over-year).
- 2013: Revenue of $117K, expenses of $117K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parents And Children Advance Together Literacy Ministries:
Data Sources and Methodology
This transparency report for Parents And Children Advance Together Literacy Ministries 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.