Parents For Educational Freedom In North Carolina Inc
Parents For Educational Freedom In North Carolina Inc maintains stable finances with zero reported officer compensation.
EIN: 202754466 · Raleigh, NC · NTEE: B19 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| Net Assets | $811K |
| Transparency Score | 85/100 |
Is Parents For Educational Freedom In North Carolina Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Parents For Educational Freedom In North Carolina Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Parents For Educational Freedom In North Carolina Inc
Parents For Educational Freedom In North Carolina Inc (EIN: 202754466) is a nonprofit organization based in Raleigh, NC, classified under NTEE code B19. The organization reported total revenue of $1.0M and total assets of $732K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parents For Educational Freedom In North Carolina Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parents For Educational Freedom In North Carolina Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$33K |
| Total Assets | $811K |
| Net Assets | $811K |
| Operating Margin | 2.2% |
| Months of Reserves | 6.5 months |
Financial Health Grade: A
In 2023, Parents For Educational Freedom In North Carolina Inc reported a surplus of $33K with revenue exceeding expenses, holds 6.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Parents For Educational Freedom In North Carolina Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.6% | +15.0% | +4.3% |
| 2022 | -24.5% | +3.4% | -9.6% |
| 2021 | +87.0% | +6.6% | +30.0% |
| 2020 | -34.5% | -1.2% | -19.9% |
| 2019 | -1.5% | -23.2% | +17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Parents For Educational Freedom In North Carolina Inc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Parents For Educational Freedom In North Carolina Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $33K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is a strong positive for transparency and resource allocation.
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.
Red Flags
The following concerns were identified during AI analysis of Parents For Educational Freedom In North Carolina Inc's IRS 990 filings:
- Occasional periods where expenses exceed revenue, requiring reliance on prior surpluses or other funding sources (e.g., 2022, 2018).
Strengths
The following positive indicators were identified for Parents For Educational Freedom In North Carolina Inc:
- Consistent reporting of 0% officer compensation, indicating strong transparency and dedication of funds to mission.
- Healthy and stable asset base, consistently above $700,000.
- Generally low or zero liabilities, indicating sound financial management.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating commitment to transparency and compliance.
- Positive net assets, with assets consistently exceeding liabilities.
Frequently Asked Questions about Parents For Educational Freedom In North Carolina Inc
Is Parents For Educational Freedom In North Carolina Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Parents For Educational Freedom In North Carolina Inc (EIN: 202754466) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Parents For Educational Freedom In North Carolina Inc spend its money?
Parents For Educational Freedom In North Carolina Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Parents For Educational Freedom In North Carolina Inc tax-deductible?
Parents For Educational Freedom In North Carolina Inc is registered as a tax-exempt nonprofit (EIN: 202754466). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Parents For Educational Freedom In North Carolina Inc's spending goes to programs?
Parents For Educational Freedom In North Carolina Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Parents For Educational Freedom In North Carolina Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Parents For Educational Freedom In North Carolina Inc is above average for NTEE category B19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Parents For Educational Freedom In North Carolina Inc located?
Parents For Educational Freedom In North Carolina Inc is headquartered in Raleigh, North Carolina and files with the IRS under EIN 202754466. It is classified under NTEE code B19.
How many years of IRS 990 filings does Parents For Educational Freedom In North Carolina Inc have?
Parents For Educational Freedom In North Carolina Inc 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 $1.0M in total revenue.
Is Parents For Educational Freedom In North Carolina Inc financially stable?
Yes, the organization appears financially stable, with consistent revenues and assets over several years, and generally low or zero liabilities. While there are occasional deficits, these are offset by surpluses in other periods, demonstrating resilience.
Does Parents For Educational Freedom In North Carolina Inc pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no salaries are paid to officers.
What is the trend in the organization's revenue?
The organization's revenue has fluctuated, generally ranging between $1.2 million and $1.8 million annually over the past decade, with a peak of $2,112,330 in 2015 and $1,521,206 in the latest period (2023).
How has the organization's asset base changed over time?
The organization has maintained a healthy asset base, generally above $700,000, reaching a high of $1,489,294 in 2016 and $811,004 in the latest period (2023).
Filing History
IRS 990 filing history for Parents For Educational Freedom In North Carolina Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Parents For Educational Freedom In North Carolina Inc's revenue has grown by 60.2%, moving from $949K to $1.5M. Total assets increased by 40.4% over the same period, from $578K to $811K. Total functional expenses rose by 81.7%, from $819K to $1.5M. In its most recent filing year (2023), Parents For Educational Freedom In North Carolina Inc reported a surplus of $33K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $811K | $0 | — | View 990 |
| 2022 | $1.2M | $1.3M | $778K | $0 | — | — |
| 2021 | $1.6M | $1.3M | $861K | $0 | — | View 990 |
| 2020 | $857K | $1.2M | $662K | $152K | — | View 990 |
| 2019 | $1.3M | $1.2M | $827K | $300 | — | View 990 |
| 2018 | $1.3M | $1.5M | $706K | $0 | — | View 990 |
| 2017 | $1.5M | $1.8M | $923K | $0 | — | View 990 |
| 2016 | $1.7M | $1.7M | $1.5M | $252K | — | View 990 |
| 2015 | $2.1M | $1.7M | $1.3M | $61K | — | View 990 |
| 2014 | $1.8M | $1.8M | $813K | $71K | — | View 990 |
| 2013 | $1.8M | $1.7M | $750K | $0 | — | View 990 |
| 2012 | $1.1M | $1.1M | $612K | $2K | — | View 990 |
| 2011 | $949K | $819K | $578K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $811K (revenue +25.6% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.3M, and assets of $778K (revenue -24.5% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.3M, and assets of $861K (revenue +87.0% year-over-year).
- 2020: Revenue of $857K, expenses of $1.2M, and assets of $662K (revenue -34.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $827K (revenue -1.5% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.5M, and assets of $706K (revenue -8.5% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.8M, and assets of $923K (revenue -14.4% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $1.5M (revenue -19.6% year-over-year).
- 2015: Revenue of $2.1M, expenses of $1.7M, and assets of $1.3M (revenue +17.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $813K (revenue +0.0% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.7M, and assets of $750K (revenue +61.8% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $612K (revenue +17.2% year-over-year).
- 2011: Revenue of $949K, expenses of $819K, and assets of $578K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parents For Educational Freedom In North Carolina Inc:
Data Sources and Methodology
This transparency report for Parents For Educational Freedom In North Carolina Inc 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.