The Education Exchange Inc
The Education Exchange Inc consistently operates with zero officer compensation, showing minor annual surpluses or deficits.
EIN: 20647334 · Wakefield, RI · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $686K |
| Total Expenses | $841K |
| Program Spending | 85% |
| Net Assets | $234K |
| Transparency Score | 90/100 |
Is The Education Exchange Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Education Exchange Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Education Exchange Inc
The Education Exchange Inc (EIN: 20647334) is a nonprofit organization based in Wakefield, RI, classified under NTEE code B90. The organization reported total revenue of $686K and total assets of $252K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Education Exchange Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Education Exchange Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $829K |
| Total Expenses | $841K |
| Surplus / Deficit | $-12,034 |
| Total Assets | $235K |
| Total Liabilities | $877 |
| Net Assets | $234K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 3.4 months |
Financial Health Grade: B
In 2024, The Education Exchange Inc reported a deficit of $12K with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), The Education Exchange Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.0% | -0.3% | -7.9% |
| 2023 | +12.4% | +0.2% | +17.4% |
| 2022 | -12.1% | +9.6% | -28.7% |
| 2021 | +55.6% | +28.2% | +62.9% |
| 2020 | -8.7% | -2.8% | -41.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2003 |
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 The Education Exchange Inc 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, The Education Exchange Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly favorable for donor confidence and resource allocation to programs.
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 The Education Exchange Inc's IRS 990 filings:
- Significant increase in liabilities to $877 in 202406 compared to previous years, requiring further clarification.
Strengths
The following positive indicators were identified for The Education Exchange Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
- Long history of IRS 990 filings (13 filings), demonstrating strong transparency and compliance.
- Generally stable financial operations with revenues closely matching expenses over time.
- Assets consistently maintained, indicating financial stability (e.g., $235,172 in 202406).
Frequently Asked Questions about The Education Exchange Inc
Is The Education Exchange Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Education Exchange Inc (EIN: 20647334) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does The Education Exchange Inc spend its money?
The Education Exchange Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Education Exchange Inc tax-deductible?
The Education Exchange Inc is registered as a tax-exempt nonprofit (EIN: 20647334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Education Exchange Inc's spending goes to programs?
The Education Exchange Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Education Exchange Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Education Exchange Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Education Exchange Inc located?
The Education Exchange Inc is headquartered in Wakefield, Rhode Island and files with the IRS under EIN 20647334. It is classified under NTEE code B90.
How many years of IRS 990 filings does The Education Exchange Inc have?
The Education Exchange 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 $686K in total revenue.
Is The Education Exchange Inc a good charity?
Based on the provided data, The Education Exchange Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating efficient use of funds, and has a long history of IRS 990 filings demonstrating transparency and compliance.
What is the financial trend of The Education Exchange Inc?
The organization generally maintains a stable financial position, with revenues closely matching or slightly exceeding expenses in most years. For example, in 202306, revenue was $871,777 against expenses of $842,910. While there was a slight deficit in 202406 (expenses $840,650 vs. revenue $828,616), this is not a significant deviation from its historical pattern.
How does The Education Exchange Inc manage executive compensation?
The Education Exchange Inc reports 0% officer compensation in all available filings, meaning no funds are used for executive salaries. This is a strong positive indicator of financial efficiency and dedication to its mission.
What is the significance of the high liabilities in 202406?
The reported liabilities of $877 in 202406 are significantly higher than previous years (e.g., $9,025 in 202306, $0 in 202206). This warrants further investigation to understand the nature of these liabilities and their potential impact on the organization's financial health.
Filing History
IRS 990 filing history for The Education Exchange Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), The Education Exchange Inc's revenue has grown by 85.5%, moving from $447K to $829K. Total assets increased by 53.4% over the same period, from $153K to $235K. Total functional expenses rose by 95.3%, from $431K to $841K. In its most recent filing year (2024), The Education Exchange Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $877 in liabilities against $235K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $234K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $829K | $841K | $235K | $877 | — | View 990 |
| 2023 | $872K | $843K | $255K | $9K | — | View 990 |
| 2022 | $776K | $841K | $217K | $0 | — | View 990 |
| 2021 | $883K | $767K | $305K | $22K | — | View 990 |
| 2020 | $567K | $599K | $187K | $20K | — | View 990 |
| 2019 | $621K | $616K | $321K | $122K | — | View 990 |
| 2018 | $555K | $532K | $243K | $50K | — | View 990 |
| 2017 | $474K | $454K | $218K | $47K | — | View 990 |
| 2016 | $416K | $425K | $170K | $19K | — | View 990 |
| 2015 | $385K | $374K | $176K | $17K | — | View 990 |
| 2014 | $404K | $370K | $173K | $25K | — | View 990 |
| 2013 | $452K | $446K | $173K | $59K | — | View 990 |
| 2012 | $447K | $431K | $153K | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $829K, expenses of $841K, and assets of $235K (revenue -5.0% year-over-year).
- 2023: Revenue of $872K, expenses of $843K, and assets of $255K (revenue +12.4% year-over-year).
- 2022: Revenue of $776K, expenses of $841K, and assets of $217K (revenue -12.1% year-over-year).
- 2021: Revenue of $883K, expenses of $767K, and assets of $305K (revenue +55.6% year-over-year).
- 2020: Revenue of $567K, expenses of $599K, and assets of $187K (revenue -8.7% year-over-year).
- 2019: Revenue of $621K, expenses of $616K, and assets of $321K (revenue +11.9% year-over-year).
- 2018: Revenue of $555K, expenses of $532K, and assets of $243K (revenue +17.2% year-over-year).
- 2017: Revenue of $474K, expenses of $454K, and assets of $218K (revenue +13.8% year-over-year).
- 2016: Revenue of $416K, expenses of $425K, and assets of $170K (revenue +8.2% year-over-year).
- 2015: Revenue of $385K, expenses of $374K, and assets of $176K (revenue -4.7% year-over-year).
- 2014: Revenue of $404K, expenses of $370K, and assets of $173K (revenue -10.8% year-over-year).
- 2013: Revenue of $452K, expenses of $446K, and assets of $173K (revenue +1.3% year-over-year).
- 2012: Revenue of $447K, expenses of $431K, and assets of $153K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Education Exchange Inc:
Data Sources and Methodology
This transparency report for The Education Exchange 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.