Southeast Propane Technical Education Center Inc
EIN: 560650719 · Raleigh, NC · NTEE: B30
| Metric | Value |
|---|---|
| Total Revenue | $760K |
| Total Expenses | $1.8M |
| Net Assets | $571K |
Is Southeast Propane Technical Education Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southeast Propane Technical Education Center Inc
Southeast Propane Technical Education Center Inc (EIN: 560650719) is a nonprofit organization based in Raleigh, NC, classified under NTEE code B30. The organization reported total revenue of $760K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeast Propane Technical Education Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeast Propane Technical Education Center Inc is a small nonprofit that has been operating for 68 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -5.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $577K |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-1,232,215 |
| Total Assets | $1.5M |
| Total Liabilities | $923K |
| Net Assets | $571K |
| Operating Margin | -213.4% |
| Debt-to-Asset Ratio | 61.8% |
| Months of Reserves | 9.9 months |
Financial Health Grade: C
In 2022, Southeast Propane Technical Education Center Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 61.8% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Southeast Propane Technical Education Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -64.8% | +23.3% | -39.8% |
| 2021 | +194.8% | +127.4% | +65.7% |
| 2020 | -26.4% | -9.1% | +5.2% |
| 2019 | +22.0% | -1.5% | +3.9% |
| 2018 | -0.3% | +6.5% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1958 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southeast Propane Technical Education Center 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 Southeast Propane Technical Education Center 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 $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 61.8%.
Frequently Asked Questions about Southeast Propane Technical Education Center Inc
Is Southeast Propane Technical Education Center Inc a legitimate charity?
Southeast Propane Technical Education Center Inc (EIN: 560650719) is a registered tax-exempt nonprofit based in North Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $760K. No red flags identified. Financial health grade: C.
How does Southeast Propane Technical Education Center Inc spend its money?
Southeast Propane Technical Education Center Inc reported $760K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southeast Propane Technical Education Center Inc tax-deductible?
Southeast Propane Technical Education Center Inc is registered as a tax-exempt nonprofit (EIN: 560650719). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southeast Propane Technical Education Center Inc located?
Southeast Propane Technical Education Center Inc is headquartered in Raleigh, North Carolina and files with the IRS under EIN 560650719. It is classified under NTEE code B30.
How many years of IRS 990 filings does Southeast Propane Technical Education Center Inc have?
Southeast Propane Technical Education Center 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 $760K in total revenue.
Filing History
IRS 990 filing history for Southeast Propane Technical Education Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Southeast Propane Technical Education Center Inc's revenue has declined by 44.2%, moving from $1.0M to $577K. Total assets decreased by 21% over the same period, from $1.9M to $1.5M. Total functional expenses rose by 185.7%, from $633K to $1.8M. In its most recent filing year (2022), Southeast Propane Technical Education Center Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $923K in liabilities against $1.5M in assets (debt-to-asset ratio: 61.8%), resulting in net assets of $571K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $577K | $1.8M | $1.5M | $923K | — | View 990 |
| 2021 | $1.6M | $1.5M | $2.5M | $916K | — | View 990 |
| 2020 | $556K | $645K | $1.5M | $195K | — | — |
| 2019 | $756K | $710K | $1.4M | $44K | — | View 990 |
| 2018 | $620K | $721K | $1.4M | $55K | — | View 990 |
| 2017 | $622K | $677K | $1.5M | $36K | — | View 990 |
| 2016 | $666K | $683K | $1.5M | $53K | — | View 990 |
| 2015 | $665K | $661K | $1.6M | $113K | — | View 990 |
| 2014 | $619K | $669K | $1.6M | $76K | — | View 990 |
| 2013 | $688K | $685K | $1.7M | $144K | — | View 990 |
| 2012 | $639K | $623K | $1.8M | $239K | — | View 990 |
| 2011 | $1.0M | $633K | $1.9M | $344K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $577K, expenses of $1.8M, and assets of $1.5M (revenue -64.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $2.5M (revenue +194.8% year-over-year).
- 2020: Revenue of $556K, expenses of $645K, and assets of $1.5M (revenue -26.4% year-over-year).
- 2019: Revenue of $756K, expenses of $710K, and assets of $1.4M (revenue +22.0% year-over-year).
- 2018: Revenue of $620K, expenses of $721K, and assets of $1.4M (revenue -0.3% year-over-year).
- 2017: Revenue of $622K, expenses of $677K, and assets of $1.5M (revenue -6.7% year-over-year).
- 2016: Revenue of $666K, expenses of $683K, and assets of $1.5M (revenue +0.2% year-over-year).
- 2015: Revenue of $665K, expenses of $661K, and assets of $1.6M (revenue +7.5% year-over-year).
- 2014: Revenue of $619K, expenses of $669K, and assets of $1.6M (revenue -10.1% year-over-year).
- 2013: Revenue of $688K, expenses of $685K, and assets of $1.7M (revenue +7.7% year-over-year).
- 2012: Revenue of $639K, expenses of $623K, and assets of $1.8M (revenue -38.2% year-over-year).
- 2011: Revenue of $1.0M, expenses of $633K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeast Propane Technical Education Center Inc:
Data Sources and Methodology
This transparency report for Southeast Propane Technical Education Center 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.