Quality Education Foundation Inc A Mississippi Non Profit Corp
Quality Education Foundation Inc shows stable assets and no officer compensation despite fluctuating revenue.
EIN: 205830557 · Amory, MS · NTEE: B90 · Updated: 2026-03-28
Is Quality Education Foundation Inc A Mississippi Non Profit Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quality Education Foundation Inc A Mississippi Non Profit Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Quality Education Foundation Inc A Mississippi Non Profit Corp
Quality Education Foundation Inc A Mississippi Non Profit Corp (EIN: 205830557) is a nonprofit organization based in Amory, MS, classified under NTEE code B90. The organization reported total revenue of $58K and total assets of $217K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quality Education Foundation Inc A Mississippi Non Profit Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quality Education Foundation Inc A Mississippi Non Profit Corp is a micro nonprofit that has been operating for 19 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -73.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $21K |
| Surplus / Deficit | $-2,333 |
| Total Assets | $172K |
| Net Assets | $172K |
| Operating Margin | -12.7% |
| Months of Reserves | 99.8 months |
Financial Health Grade: B
In 2023, Quality Education Foundation Inc A Mississippi Non Profit Corp reported a deficit of $2K with expenses exceeding revenue, holds 99.8 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Quality Education Foundation Inc A Mississippi Non Profit Corp's revenue has declined at a compound annual growth rate (CAGR) of -73.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.9% | -57.3% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Quality Education Foundation Inc A Mississippi Non Profit Corp with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Quality Education Foundation Inc A Mississippi Non Profit Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% in both available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of this size and suggests all funds are directed to the mission.
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 Quality Education Foundation Inc A Mississippi Non Profit Corp's IRS 990 filings:
- Fluctuating revenue, with a significant drop from $70,279 in 2022 to $18,315 in 2023, could indicate potential instability in funding sources.
Strengths
The following positive indicators were identified for Quality Education Foundation Inc A Mississippi Non Profit Corp:
- No officer compensation reported (0% in both filings), indicating all funds are directed to the mission.
- Zero liabilities reported in both 2022 and 2023, demonstrating strong financial health.
- Consistent asset growth, from $174,086 in 2022 to $217,487 currently, suggesting good financial management.
- Expenses are consistently lower than revenue in most periods, indicating efficient operations.
Frequently Asked Questions about Quality Education Foundation Inc A Mississippi Non Profit Corp
Is Quality Education Foundation Inc A Mississippi Non Profit Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Quality Education Foundation Inc A Mississippi Non Profit Corp (EIN: 205830557) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Quality Education Foundation Inc A Mississippi Non Profit Corp spend its money?
Quality Education Foundation Inc A Mississippi Non Profit Corp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quality Education Foundation Inc A Mississippi Non Profit Corp tax-deductible?
Quality Education Foundation Inc A Mississippi Non Profit Corp is registered as a tax-exempt nonprofit (EIN: 205830557). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Quality Education Foundation Inc a good charity?
Based on the available IRS 990 data, Quality Education Foundation Inc appears to be a good charity. It has no liabilities, reports 0% officer compensation, and maintains a healthy asset base relative to its revenue, suggesting efficient use of funds and strong financial stewardship.
How has the organization's revenue trended?
The organization's revenue has fluctuated, decreasing from $70,279 in 2022 to $18,315 in 2023, but has since recovered to $58,163 in the latest period, indicating some volatility but also resilience.
What is the organization's liability situation?
Quality Education Foundation Inc reports $0 in liabilities for both 2022 and 2023, which is an excellent indicator of financial stability and responsible management.
Filing History
IRS 990 filing history for Quality Education Foundation Inc A Mississippi Non Profit Corp showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Quality Education Foundation Inc A Mississippi Non Profit Corp's revenue has declined by 73.9%, moving from $70K to $18K. Total assets decreased by 1.3% over the same period, from $174K to $172K. Total functional expenses fell by 57.3%, from $48K to $21K. In its most recent filing year (2023), Quality Education Foundation Inc A Mississippi Non Profit Corp reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $21K | $172K | $0 | — | View 990 |
| 2022 | $70K | $48K | $174K | $0 | — | View 990 |
Data Sources and Methodology
This transparency report for Quality Education Foundation Inc A Mississippi Non Profit Corp 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.