Union County Charter Education Association
EIN: 465749321 · Indian Trail, NC · NTEE: B24
Is Union County Charter Education Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Union County Charter Education Association
Union County Charter Education Association (EIN: 465749321) is a nonprofit organization based in Indian Trail, NC, classified under NTEE code B24. The organization reported total revenue of $12.8M and total assets of $19.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union County Charter Education Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Union County Charter Education Association is a large nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.7M |
| Total Expenses | $12.2M |
| Surplus / Deficit | $-525,737 |
| Total Assets | $11.6M |
| Total Liabilities | $15.2M |
| Net Assets | $-3,653,327 |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 131.5% |
| Months of Reserves | 11.4 months |
Financial Health Grade: C
In 2023, Union County Charter Education Association reported a deficit of $526K with expenses exceeding revenue, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 131.5% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Union County Charter Education Association's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +3.6% | -23.9% |
| 2022 | +17.2% | +18.8% | +21.9% |
| 2021 | +5.3% | +4.5% | +0.7% |
| 2020 | +5.9% | +9.5% | -3.6% |
| 2019 | +22.3% | +9.9% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Union County Charter Education Association 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 Union County Charter Education Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $526K, with expenses exceeding revenue.
- Debt-to-asset ratio: 131.5%.
Frequently Asked Questions about Union County Charter Education Association
Is Union County Charter Education Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Union County Charter Education Association (EIN: 465749321) insufficient data. 0 red flags identified, 0 strengths noted.
How does Union County Charter Education Association spend its money?
Detailed spending breakdown data is not yet available for Union County Charter Education Association. Check back for updated IRS 990 analysis.
Are donations to Union County Charter Education Association tax-deductible?
Union County Charter Education Association is registered as a tax-exempt nonprofit (EIN: 465749321). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Union County Charter Education Association showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Union County Charter Education Association's revenue has grown by 101.4%, moving from $5.8M to $11.7M. Total assets decreased by 18.6% over the same period, from $14.2M to $11.6M. Total functional expenses rose by 103.2%, from $6.0M to $12.2M. In its most recent filing year (2023), Union County Charter Education Association reported a deficit of $526K, with expenses exceeding revenue. The organization holds $15.2M in liabilities against $11.6M in assets (debt-to-asset ratio: 131.5%), resulting in net assets of $-3,653,327.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.7M | $12.2M | $11.6M | $15.2M | — | — |
| 2022 | $11.0M | $11.8M | $15.2M | $15.4M | — | View 990 |
| 2021 | $9.4M | $9.9M | $12.5M | $15.0M | — | — |
| 2020 | $8.9M | $9.5M | $12.4M | $14.4M | — | View 990 |
| 2019 | $8.4M | $8.7M | $12.9M | $14.3M | — | View 990 |
| 2018 | $6.9M | $7.9M | $13.4M | $14.6M | — | View 990 |
| 2017 | $5.8M | $6.0M | $14.2M | $14.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.7M, expenses of $12.2M, and assets of $11.6M (revenue +6.0% year-over-year).
- 2022: Revenue of $11.0M, expenses of $11.8M, and assets of $15.2M (revenue +17.2% year-over-year).
- 2021: Revenue of $9.4M, expenses of $9.9M, and assets of $12.5M (revenue +5.3% year-over-year).
- 2020: Revenue of $8.9M, expenses of $9.5M, and assets of $12.4M (revenue +5.9% year-over-year).
- 2019: Revenue of $8.4M, expenses of $8.7M, and assets of $12.9M (revenue +22.3% year-over-year).
- 2018: Revenue of $6.9M, expenses of $7.9M, and assets of $13.4M (revenue +18.8% year-over-year).
- 2017: Revenue of $5.8M, expenses of $6.0M, and assets of $14.2M.
Data Sources and Methodology
This transparency report for Union County Charter Education Association 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.