Pillar College Inc
EIN: 453912932 · Newark, NJ · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $13.4M |
| Total Expenses | $12.5M |
| Net Assets | $2.2M |
Is Pillar College Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pillar College Inc
Pillar College Inc (EIN: 453912932) is a nonprofit organization based in Newark, NJ, classified under NTEE code B99. The organization reported total revenue of $13.4M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pillar College Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pillar College Inc is a large nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2014–2022). Revenue has grown at a compound annual rate of 7.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.0M |
| Total Expenses | $12.5M |
| Surplus / Deficit | $-498,147 |
| Total Assets | $3.0M |
| Total Liabilities | $825K |
| Net Assets | $2.2M |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 27.3% |
| Months of Reserves | 2.9 months |
Financial Health Grade: C
In 2022, Pillar College Inc reported a deficit of $498K with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 27.3% (moderate leverage).
Financial Trends
Over 9 years of filings (2014–2022), Pillar College Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +6.4% | +20.1% | -2.6% |
| 2021 | -2.8% | -2.7% | +20.9% |
| 2020 | +12.7% | +4.3% | +40.0% |
| 2019 | +1.6% | +2.8% | -11.8% |
| 2018 | +3.9% | -6.2% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pillar College Inc 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 Pillar College Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $498K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.3%.
Frequently Asked Questions about Pillar College Inc
Is Pillar College Inc a legitimate charity?
Pillar College Inc (EIN: 453912932) is a registered tax-exempt nonprofit based in New Jersey. It has 9 years of IRS 990 filings on record. Total revenue: $13.4M. No red flags identified. Financial health grade: C.
How does Pillar College Inc spend its money?
Pillar College Inc reported $13.4M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pillar College Inc tax-deductible?
Pillar College Inc is registered as a tax-exempt nonprofit (EIN: 453912932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pillar College Inc located?
Pillar College Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 453912932. It is classified under NTEE code B99.
How many years of IRS 990 filings does Pillar College Inc have?
Pillar College Inc has 9 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 $13.4M in total revenue.
Filing History
IRS 990 filing history for Pillar College Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2022), Pillar College Inc's revenue has grown by 84.3%, moving from $6.5M to $12.0M. Total assets increased by 9.9% over the same period, from $2.8M to $3.0M. Total functional expenses rose by 92.1%, from $6.5M to $12.5M. In its most recent filing year (2022), Pillar College Inc reported a deficit of $498K, with expenses exceeding revenue. The organization holds $825K in liabilities against $3.0M in assets (debt-to-asset ratio: 27.3%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $12.0M | $12.5M | $3.0M | $825K | — | — |
| 2021 | $11.3M | $10.4M | $3.1M | $402K | — | View 990 |
| 2020 | $11.6M | $10.7M | $2.6M | $737K | — | View 990 |
| 2019 | $10.3M | $10.3M | $1.8M | $894K | — | View 990 |
| 2018 | $10.1M | $10.0M | $2.1M | $1.1M | — | View 990 |
| 2017 | $9.7M | $10.6M | $1.8M | $1.1M | — | View 990 |
| 2016 | $9.4M | $9.3M | $2.5M | $830K | — | View 990 |
| 2015 | $7.5M | $7.5M | $2.4M | $826K | — | View 990 |
| 2014 | $6.5M | $6.5M | $2.8M | $594K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $12.0M, expenses of $12.5M, and assets of $3.0M (revenue +6.4% year-over-year).
- 2021: Revenue of $11.3M, expenses of $10.4M, and assets of $3.1M (revenue -2.8% year-over-year).
- 2020: Revenue of $11.6M, expenses of $10.7M, and assets of $2.6M (revenue +12.7% year-over-year).
- 2019: Revenue of $10.3M, expenses of $10.3M, and assets of $1.8M (revenue +1.6% year-over-year).
- 2018: Revenue of $10.1M, expenses of $10.0M, and assets of $2.1M (revenue +3.9% year-over-year).
- 2017: Revenue of $9.7M, expenses of $10.6M, and assets of $1.8M (revenue +3.6% year-over-year).
- 2016: Revenue of $9.4M, expenses of $9.3M, and assets of $2.5M (revenue +26.1% year-over-year).
- 2015: Revenue of $7.5M, expenses of $7.5M, and assets of $2.4M (revenue +14.5% year-over-year).
- 2014: Revenue of $6.5M, expenses of $6.5M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pillar College Inc:
Data Sources and Methodology
This transparency report for Pillar College 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.