St Charles Borromeo Educationalfoundation

St Charles Borromeo Educationalfoundation consistently grows assets with minimal expenses and no officer compensation.

EIN: 204505316 · Independence, OH · NTEE: X11 · Updated: 2026-03-28

$2.0MRevenue

$18.1MAssets

95/100Mission Score (Excellent)

X11

About St Charles Borromeo Educationalfoundation

St Charles Borromeo Educationalfoundation (EIN: 204505316) is a nonprofit organization based in Independence, OH, classified under NTEE code X11. The organization reported total revenue of $2.0M and total assets of $18.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Charles Borromeo Educationalfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

St Charles Borromeo Educationalfoundation demonstrates strong financial health and a clear commitment to its mission, as evidenced by its consistent growth in assets and efficient spending. Over the past decade, the organization's assets have steadily increased from $11.88 million in 2014 to $17.34 million in 2023, indicating sound financial management and investment strategies. The foundation consistently spends a very low percentage of its revenue on expenses, with expenses ranging from approximately 20% to 40% of revenue in recent years. For example, in 2023, expenses were $415,313 against revenue of $897,614, suggesting a significant portion of revenue is retained or invested, likely for long-term endowment growth to support its educational mission.

The organization's spending efficiency is exceptional, with no reported officer compensation across all available filings, which is a strong indicator of volunteer leadership and a focus on maximizing resources for its stated purpose. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall low expense ratio relative to revenue implies that the majority of operational costs are either minimal or directly tied to program support. The absence of liabilities in all reported periods further underscores a robust and risk-averse financial position, contributing to high transparency and accountability.

Given the NTEE code X11 (Foundations, Grantmaking & Giving), the primary 'program' activity is likely grantmaking or endowment management to support educational initiatives. The consistent growth in assets and minimal expenses suggest that the foundation is effectively building its capacity to provide long-term support. The lack of officer compensation is a significant positive for transparency and efficiency, indicating that the organization is run with a strong volunteer ethos.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates St Charles Borromeo Educationalfoundation 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, St Charles Borromeo Educationalfoundation 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.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and asset base.

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 St Charles Borromeo Educationalfoundation:

Consistent asset growth, increasing from $11.88M in 2014 to $17.34M in 2023.
Extremely low expense ratio relative to revenue (e.g., 2023 expenses were 46% of revenue, but much lower in prior years like 2019 at 23%).
Zero officer compensation reported across all filings, indicating volunteer leadership.
No reported liabilities in any filing period, demonstrating strong financial stability.
Strong financial health with a significant and growing endowment to support its mission.

Frequently Asked Questions about St Charles Borromeo Educationalfoundation

Is St Charles Borromeo Educationalfoundation a good charity?

Based on the provided financial data, St Charles Borromeo Educationalfoundation appears to be an excellent charity. It demonstrates strong financial health, consistent asset growth, extremely low expenses relative to revenue, and no reported officer compensation, all of which are indicators of efficient and mission-focused operations.

How does the organization manage its expenses?

The organization manages its expenses exceptionally well, with expenses consistently being a small fraction of its revenue. For instance, in 2023, expenses were only $415,313 against $897,614 in revenue, suggesting a highly lean operation and a focus on asset growth for its educational mission.

What is the trend in the organization's assets?

The organization shows a strong and consistent upward trend in assets, growing from $11,884,852 in 2014 to $17,338,574 in 2023, indicating effective financial management and investment strategies.

Filing History

IRS 990 filing history for St Charles Borromeo Educationalfoundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), St Charles Borromeo Educationalfoundation's revenue has grown by 73.3%, moving from $518K to $898K. Total assets increased by 60.9% over the same period, from $10.8M to $17.3M. Total functional expenses rose by 85%, from $224K to $415K. In its most recent filing year (2023), St Charles Borromeo Educationalfoundation reported a surplus of $482K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$898K	$415K	$17.3M	$0	—	View 990
2022	$1.0M	$402K	$16.9M	$0	—	View 990
2021	$1.6M	$382K	$16.2M	$0	—	View 990
2020	$1.2M	$366K	$15.0M	$0	—	View 990
2019	$1.2M	$285K	$14.2M	$0	—	View 990
2018	$786K	$321K	$13.3M	$0	—	View 990
2017	$736K	$255K	$12.8M	$0	—	—
2016	$428K	$272K	$12.3M	$0	—	View 990
2015	$509K	$208K	$12.2M	$0	—	View 990
2014	$1.1M	$748K	$11.9M	$0	—	View 990
2013	$625K	$217K	$11.6M	$0	—	View 990
2012	$595K	$214K	$11.2M	$0	—	View 990
2011	$518K	$224K	$10.8M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $898K, expenses of $415K, and assets of $17.3M (revenue -13.7% year-over-year).
2022: Revenue of $1.0M, expenses of $402K, and assets of $16.9M (revenue -33.9% year-over-year).
2021: Revenue of $1.6M, expenses of $382K, and assets of $16.2M (revenue +35.8% year-over-year).
2020: Revenue of $1.2M, expenses of $366K, and assets of $15.0M (revenue -4.9% year-over-year).
2019: Revenue of $1.2M, expenses of $285K, and assets of $14.2M (revenue +55.0% year-over-year).
2018: Revenue of $786K, expenses of $321K, and assets of $13.3M (revenue +6.9% year-over-year).
2017: Revenue of $736K, expenses of $255K, and assets of $12.8M (revenue +72.1% year-over-year).
2016: Revenue of $428K, expenses of $272K, and assets of $12.3M (revenue -16.0% year-over-year).
2015: Revenue of $509K, expenses of $208K, and assets of $12.2M (revenue -52.4% year-over-year).
2014: Revenue of $1.1M, expenses of $748K, and assets of $11.9M (revenue +71.1% year-over-year).
2013: Revenue of $625K, expenses of $217K, and assets of $11.6M (revenue +5.0% year-over-year).
2012: Revenue of $595K, expenses of $214K, and assets of $11.2M (revenue +14.9% year-over-year).
2011: Revenue of $518K, expenses of $224K, and assets of $10.8M.

Data Sources and Methodology

This transparency report for St Charles Borromeo Educationalfoundation 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.