Primerica African Americanleadership Council Inc
Primerica African American Leadership Council Inc. experienced a significant financial deficit in 2022, with expenses nearly double its revenue.
EIN: 208102524 · Atlanta, GA · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $3.0M |
| Program Spending | 75% |
| Net Assets | $465K |
| Transparency Score | 70/100 |
Is Primerica African Americanleadership Council Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Primerica African Americanleadership Council Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Primerica African Americanleadership Council Inc
Primerica African Americanleadership Council Inc (EIN: 208102524) is a nonprofit organization based in Atlanta, GA, classified under NTEE code S41. The organization reported total revenue of $1.6M and total assets of $563K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Primerica African Americanleadership Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Primerica African Americanleadership Council Inc is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 20.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-1,372,498 |
| Total Assets | $466K |
| Total Liabilities | $1K |
| Net Assets | $465K |
| Operating Margin | -84.3% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 1.9 months |
Financial Health Grade: C
In 2022, Primerica African Americanleadership Council Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Primerica African Americanleadership Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -31.6% | +83.8% | -74.9% |
| 2021 | +440.8% | +658.9% | +67.3% |
| 2020 | -71.0% | -85.2% | +23.8% |
| 2019 | -7.8% | +0.2% | +8.1% |
| 2018 | +36.8% | +48.0% | +32.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Primerica African Americanleadership Council Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Primerica African Americanleadership Council Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to its officers, which is a strong positive for 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 Primerica African Americanleadership Council Inc's IRS 990 filings:
- Significant financial deficit in 2022, with expenses ($3,000,469) nearly double revenue ($1,627,971).
- Dramatic increase in liabilities to $1,098,000 in 2022 from $779 in 2021.
- Substantial decrease in assets from $1,855,513 in 2021 to $466,097 in 2022, indicating a significant draw on reserves.
Strengths
The following positive indicators were identified for Primerica African Americanleadership Council Inc:
- Consistent reporting of 0% officer compensation, indicating no executive salaries or benefits.
- History of significant revenue generation, exceeding $1 million in multiple years (e.g., $2,379,062 in 2021, $1,519,385 in 2019).
Frequently Asked Questions about Primerica African Americanleadership Council Inc
Is Primerica African Americanleadership Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Primerica African Americanleadership Council Inc (EIN: 208102524) some concerns. Mission Score: 70/100. 3 red flags identified, 2 strengths noted.
How does Primerica African Americanleadership Council Inc spend its money?
Primerica African Americanleadership Council Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Primerica African Americanleadership Council Inc tax-deductible?
Primerica African Americanleadership Council Inc is registered as a tax-exempt nonprofit (EIN: 208102524). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Primerica African Americanleadership Council Inc's spending goes to programs?
Primerica African Americanleadership Council Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Primerica African Americanleadership Council Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Primerica African Americanleadership Council Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Primerica African Americanleadership Council Inc located?
Primerica African Americanleadership Council Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 208102524. It is classified under NTEE code S41.
How many years of IRS 990 filings does Primerica African Americanleadership Council Inc have?
Primerica African Americanleadership Council Inc has 12 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 $1.6M in total revenue.
What caused the substantial increase in liabilities to $1,098,000 in 2022?
The IRS 990 data shows a dramatic increase in liabilities from $779 in 2021 to $1,098,000 in 2022, coinciding with expenses ($3,000,469) far exceeding revenue ($1,627,971). This suggests the organization may have taken on significant debt or had substantial unpaid obligations.
How did the organization manage to incur expenses of $3,000,469 in 2022 with only $1,627,971 in revenue?
The deficit was likely covered by drawing down assets, which decreased from $1,855,513 in 2021 to $466,097 in 2022, and by incurring significant liabilities, which rose to over $1 million.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency in these areas.
Filing History
IRS 990 filing history for Primerica African Americanleadership Council Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Primerica African Americanleadership Council Inc's revenue has grown by 691.6%, moving from $206K to $1.6M. Total assets increased by 30.1% over the same period, from $358K to $466K. Total functional expenses rose by 1740.4%, from $163K to $3.0M. In its most recent filing year (2022), Primerica African Americanleadership Council Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $1K in liabilities against $466K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $465K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.6M | $3.0M | $466K | $1K | — | View 990 |
| 2021 | $2.4M | $1.6M | $1.9M | $779 | — | View 990 |
| 2020 | $440K | $215K | $1.1M | $620 | — | View 990 |
| 2019 | $1.5M | $1.5M | $896K | $12K | — | — |
| 2018 | $1.6M | $1.5M | $828K | $8K | — | View 990 |
| 2017 | $1.2M | $982K | $626K | $0 | — | View 990 |
| 2016 | $1.0M | $743K | $404K | $0 | — | View 990 |
| 2015 | $612K | $659K | $120K | $0 | — | View 990 |
| 2014 | $374K | $502K | $168K | $0 | — | View 990 |
| 2013 | $360K | $380K | $295K | $0 | — | View 990 |
| 2012 | $325K | $321K | $314K | $0 | — | View 990 |
| 2011 | $206K | $163K | $358K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.6M, expenses of $3.0M, and assets of $466K (revenue -31.6% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.6M, and assets of $1.9M (revenue +440.8% year-over-year).
- 2020: Revenue of $440K, expenses of $215K, and assets of $1.1M (revenue -71.0% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $896K (revenue -7.8% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $828K (revenue +36.8% year-over-year).
- 2017: Revenue of $1.2M, expenses of $982K, and assets of $626K (revenue +17.3% year-over-year).
- 2016: Revenue of $1.0M, expenses of $743K, and assets of $404K (revenue +67.8% year-over-year).
- 2015: Revenue of $612K, expenses of $659K, and assets of $120K (revenue +63.5% year-over-year).
- 2014: Revenue of $374K, expenses of $502K, and assets of $168K (revenue +3.8% year-over-year).
- 2013: Revenue of $360K, expenses of $380K, and assets of $295K (revenue +10.9% year-over-year).
- 2012: Revenue of $325K, expenses of $321K, and assets of $314K (revenue +57.9% year-over-year).
- 2011: Revenue of $206K, expenses of $163K, and assets of $358K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Primerica African Americanleadership Council Inc:
Data Sources and Methodology
This transparency report for Primerica African Americanleadership Council 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.