Recenter Race & Equity In Education Inc
Recenter Race & Equity In Education Inc consistently operates near break-even with no reported officer compensation.
EIN: 20567674 · Hartford, CT · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $497K |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $622K |
| Transparency Score | 92/100 |
Is Recenter Race & Equity In Education Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Recenter Race & Equity In Education Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Recenter Race & Equity In Education Inc
Recenter Race & Equity In Education Inc (EIN: 20567674) is a nonprofit organization based in Hartford, CT, classified under NTEE code B99. The organization reported total revenue of $497K and total assets of $214K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Recenter Race & Equity In Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Recenter Race & Equity In Education Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-61 |
| Total Assets | $766K |
| Total Liabilities | $144K |
| Net Assets | $622K |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 18.8% |
| Months of Reserves | 8.7 months |
Financial Health Grade: B
In 2023, Recenter Race & Equity In Education Inc reported a deficit of $61 with expenses exceeding revenue, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 18.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Recenter Race & Equity In Education Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +13.4% | -1.3% |
| 2022 | -17.9% | -7.1% | +21.6% |
| 2021 | +25.8% | +20.8% | +3.7% |
| 2020 | -10.4% | -18.5% | +33.7% |
| 2019 | -8.6% | -5.9% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2002 |
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 Recenter Race & Equity In Education Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Recenter Race & Equity In Education Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $61, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with over $1 million in annual revenue and suggests a strong dedication to mission-focused spending.
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.
Strengths
The following positive indicators were identified for Recenter Race & Equity In Education Inc:
- Consistent 0% officer compensation, indicating high efficiency in directing funds to mission.
- Stable and growing asset base, reaching $766,003 in 2023, providing financial stability.
- Revenues consistently cover expenses, demonstrating sound financial management (e.g., 2023 revenue $1,058,496 vs. expenses $1,058,557).
- Strong program focus implied by the lack of executive compensation and consistent operational spending.
Frequently Asked Questions about Recenter Race & Equity In Education Inc
Is Recenter Race & Equity In Education Inc a legitimate charity?
Recenter Race & Equity In Education Inc (EIN: 20567674) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $497K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Recenter Race & Equity In Education Inc spend its money?
Recenter Race & Equity In Education Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Recenter Race & Equity In Education Inc tax-deductible?
Recenter Race & Equity In Education Inc is registered as a tax-exempt nonprofit (EIN: 20567674). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Recenter Race & Equity In Education Inc CEO make?
Recenter Race & Equity In Education Inc's highest-compensated officer earns $1 annually. The organization reported $497K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Recenter Race & Equity In Education Inc's spending goes to programs?
Recenter Race & Equity In Education Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Recenter Race & Equity In Education Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Recenter Race & Equity In Education Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Recenter Race & Equity In Education Inc located?
Recenter Race & Equity In Education Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 20567674. It is classified under NTEE code B99.
How many years of IRS 990 filings does Recenter Race & Equity In Education Inc have?
Recenter Race & Equity In Education 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 $497K in total revenue.
Is Recenter Race & Equity In Education Inc a good charity?
Based on the available financial data, Recenter Race & Equity In Education Inc appears to be a very good charity. They consistently operate with revenues closely matching expenses, maintain healthy asset levels, and notably report 0% officer compensation, indicating a strong commitment to program spending and financial efficiency.
How has the organization's financial health changed over time?
The organization has shown consistent financial health over the past decade, with annual revenues generally ranging from $800,000 to over $1.1 million. Assets have grown significantly, from $116,465 in 2015 to $766,003 in 2023, demonstrating prudent financial management and growth in reserves.
What is the organization's approach to executive compensation?
Recenter Race & Equity In Education Inc reports 0% officer compensation in all available filings, which is an exceptional practice. This indicates that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, strongly suggesting a focus on directing funds to programs.
Are there any concerns about their liabilities?
While liabilities fluctuate, they generally remain a manageable portion of total assets. For example, in 2023, liabilities were $143,663 against assets of $766,003, indicating a healthy financial position where assets significantly cover liabilities.
Filing History
IRS 990 filing history for Recenter Race & Equity In Education Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Recenter Race & Equity In Education Inc's revenue has grown by 2.9%, moving from $1.0M to $1.1M. Total assets increased by 91.2% over the same period, from $401K to $766K. Total functional expenses rose by 15.7%, from $915K to $1.1M. In its most recent filing year (2023), Recenter Race & Equity In Education Inc reported a deficit of $61, with expenses exceeding revenue. The organization holds $144K in liabilities against $766K in assets (debt-to-asset ratio: 18.8%), resulting in net assets of $622K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $766K | $144K | — | View 990 |
| 2022 | $963K | $934K | $776K | $153K | — | — |
| 2021 | $1.2M | $1.0M | $638K | $45K | — | View 990 |
| 2020 | $933K | $832K | $615K | $191K | — | View 990 |
| 2019 | $1.0M | $1.0M | $460K | $136K | — | View 990 |
| 2018 | $1.1M | $1.1M | $501K | $197K | — | — |
| 2017 | $1.1M | $955K | $287K | $36K | — | View 990 |
| 2016 | $910K | $866K | $243K | $105K | — | View 990 |
| 2015 | $813K | $816K | $116K | $23K | — | View 990 |
| 2014 | $794K | $1.0M | $182K | $86K | — | View 990 |
| 2013 | $1.3M | $1.2M | $352K | $37K | — | View 990 |
| 2012 | $798K | $949K | $514K | $304K | — | View 990 |
| 2011 | $1.0M | $915K | $401K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $766K (revenue +9.9% year-over-year).
- 2022: Revenue of $963K, expenses of $934K, and assets of $776K (revenue -17.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.0M, and assets of $638K (revenue +25.8% year-over-year).
- 2020: Revenue of $933K, expenses of $832K, and assets of $615K (revenue -10.4% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $460K (revenue -8.6% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $501K (revenue +6.8% year-over-year).
- 2017: Revenue of $1.1M, expenses of $955K, and assets of $287K (revenue +17.2% year-over-year).
- 2016: Revenue of $910K, expenses of $866K, and assets of $243K (revenue +12.0% year-over-year).
- 2015: Revenue of $813K, expenses of $816K, and assets of $116K (revenue +2.3% year-over-year).
- 2014: Revenue of $794K, expenses of $1.0M, and assets of $182K (revenue -41.1% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $352K (revenue +68.9% year-over-year).
- 2012: Revenue of $798K, expenses of $949K, and assets of $514K (revenue -22.4% year-over-year).
- 2011: Revenue of $1.0M, expenses of $915K, and assets of $401K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Recenter Race & Equity In Education Inc:
Data Sources and Methodology
This transparency report for Recenter Race & Equity In Education 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.