Religious Education Association Inc
Religious Education Association Inc maintains strong financial health with growing assets and zero liabilities.
EIN: 131678636 · New Haven, CT · NTEE: X20 · Updated: 2026-03-28
Is Religious Education Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Religious Education Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Religious Education Association Inc
Religious Education Association Inc (EIN: 131678636) is a nonprofit organization based in New Haven, CT, classified under NTEE code X20. The organization reported total revenue of $108K and total assets of $401K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Religious Education Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Religious Education Association Inc is a small nonprofit that has been operating for 8 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $70K |
| Surplus / Deficit | +$37K |
| Total Assets | $428K |
| Net Assets | $428K |
| Operating Margin | 34.4% |
| Months of Reserves | 72.9 months |
Financial Health Grade: A
In 2022, Religious Education Association Inc reported a surplus of $37K with revenue exceeding expenses, holds 72.9 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2022), Religious Education Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -3.3% | +158.3% | +9.5% |
| 2021 | +7.4% | -55.5% | +27.3% |
| 2020 | -24.3% | -48.5% | +15.9% |
| 2019 | -7.2% | -19.4% | +7.2% |
| 2018 | +12.7% | +21.7% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2018 |
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 Religious Education Association Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Religious Education Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $37K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its size.
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 Religious Education Association Inc:
- Consistent financial surpluses, such as $36,970 in 2022 ($107,465 revenue - $70,495 expenses).
- Zero liabilities reported across all filing periods, indicating no debt.
- Growing asset base, from $185,941 in 2011 to $427,974 in 2022.
- 0% officer compensation, demonstrating high efficiency and dedication to mission.
- Stable revenue generation, consistently around $100,000-$150,000 annually.
Frequently Asked Questions about Religious Education Association Inc
Is Religious Education Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Religious Education Association Inc (EIN: 131678636) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Religious Education Association Inc spend its money?
Religious Education Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Religious Education Association Inc tax-deductible?
Religious Education Association Inc is registered as a tax-exempt nonprofit (EIN: 131678636). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Religious Education Association Inc a good charity?
Based on its financial data, the Religious Education Association Inc appears to be a very good charity. It consistently operates with a surplus, has zero liabilities, and reports no officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $185,941 in 2011 to $427,974 in 2022, demonstrating strong financial stewardship and accumulation of reserves.
What is the organization's approach to executive compensation?
The Religious Education Association Inc reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership or compensation structure that minimizes administrative overhead.
Filing History
IRS 990 filing history for Religious Education Association Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Religious Education Association Inc's revenue has grown by 18.6%, moving from $91K to $107K. Total assets increased by 130.2% over the same period, from $186K to $428K. Total functional expenses rose by 17.6%, from $60K to $70K. In its most recent filing year (2022), Religious Education Association Inc reported a surplus of $37K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $107K | $70K | $428K | $0 | — | View 990 |
| 2021 | $111K | $27K | $391K | $0 | — | — |
| 2020 | $104K | $61K | $307K | $0 | — | View 990 |
| 2019 | $137K | $119K | $265K | $0 | — | View 990 |
| 2018 | $147K | $148K | $247K | $0 | — | View 990 |
| 2017 | $131K | $121K | $254K | $0 | — | View 990 |
| 2013 | $96K | $91K | $185K | $0 | — | View 990 |
| 2012 | $91K | $127K | $151K | $0 | — | View 990 |
| 2011 | $91K | $60K | $186K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $107K, expenses of $70K, and assets of $428K (revenue -3.3% year-over-year).
- 2021: Revenue of $111K, expenses of $27K, and assets of $391K (revenue +7.4% year-over-year).
- 2020: Revenue of $104K, expenses of $61K, and assets of $307K (revenue -24.3% year-over-year).
- 2019: Revenue of $137K, expenses of $119K, and assets of $265K (revenue -7.2% year-over-year).
- 2018: Revenue of $147K, expenses of $148K, and assets of $247K (revenue +12.7% year-over-year).
- 2017: Revenue of $131K, expenses of $121K, and assets of $254K (revenue +35.9% year-over-year).
- 2013: Revenue of $96K, expenses of $91K, and assets of $185K (revenue +5.6% year-over-year).
- 2012: Revenue of $91K, expenses of $127K, and assets of $151K (revenue +0.6% year-over-year).
- 2011: Revenue of $91K, expenses of $60K, and assets of $186K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Religious Education Association Inc:
Data Sources and Methodology
This transparency report for Religious Education Association 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.