University Schools
University Schools operates with fluctuating revenues and recurring deficits, reporting no officer compensation.
EIN: 204574040 · Colorado Spgs, CO · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.4M |
| Net Assets | $267K |
| Transparency Score | 75/100 |
Is University Schools Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Schools directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About University Schools
University Schools (EIN: 204574040) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code B20. The organization reported total revenue of $1.7M and total assets of $352K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University Schools is a mid-size nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-77,277 |
| Total Assets | $280K |
| Total Liabilities | $13K |
| Net Assets | $267K |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 4.7% |
| Months of Reserves | 2.3 months |
Financial Health Grade: C
In 2023, University Schools reported a deficit of $77K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 4.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), University Schools's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +0.0% | +0.0% |
| 2022 | +1.0% | -7.9% | -24.4% |
| 2021 | -12.2% | -8.9% | -18.1% |
| 2020 | -16.6% | -5.5% | +39.1% |
| 2019 | +11.6% | +12.7% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 University Schools with a Mission Score of 75 out of 100 (Good). 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, University Schools 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either uncompensated or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with revenues typically between $1.4M and $1.9M.
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 University Schools's IRS 990 filings:
- Recurring operational deficits in recent years (e.g., $77,277 in 202305 and 202205, $218,547 in 202105).
- Significant fluctuation and occasional high levels of liabilities relative to assets (e.g., $256,174 in liabilities against $451,726 in assets in 202005).
Strengths
The following positive indicators were identified for University Schools:
- Consistent IRS 990 filing history (12 filings), indicating good transparency practices.
- 0% reported officer compensation across all filings, suggesting efficient use of funds for leadership or volunteer-driven leadership.
- Long operational history with consistent revenue streams over a decade.
Frequently Asked Questions about University Schools
Is University Schools a legitimate charity?
University Schools (EIN: 204574040) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does University Schools spend its money?
University Schools directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to University Schools tax-deductible?
University Schools is registered as a tax-exempt nonprofit (EIN: 204574040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the University Schools CEO make?
University Schools's highest-compensated officer earns $1.4M annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of University Schools's spending goes to programs?
University Schools directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does University Schools compare to similar nonprofits?
With a transparency score of 75/100 (Good), University Schools is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is University Schools located?
University Schools is headquartered in Colorado Spgs, Colorado and files with the IRS under EIN 204574040. It is classified under NTEE code B20.
How many years of IRS 990 filings does University Schools have?
University Schools 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 $1.7M in total revenue.
Why has University Schools experienced recurring operational deficits in recent years?
In periods 202305 and 202205, expenses exceeded revenue by approximately $77,000 each year, and more significantly in 202105 ($218,547 deficit) and 202005 ($182,543 deficit). This trend suggests that the organization's expenditures have consistently outpaced its income in these periods.
How does University Schools manage to operate with 0% reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation, which could mean that the organization's leadership is entirely volunteer-based, or that compensation for key personnel is categorized differently within the expense structure, not as 'officer compensation'.
What caused the significant increase in liabilities in 202005?
Liabilities jumped to $256,174 in 202005 from $82,706 in 201905. This substantial increase, representing a significant portion of its assets ($451,726), warrants further investigation into the nature of these liabilities.
Filing History
IRS 990 filing history for University Schools showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), University Schools's revenue has grown by 179.3%, moving from $507K to $1.4M. Total assets increased by 221.3% over the same period, from $87K to $280K. Total functional expenses rose by 235.6%, from $445K to $1.5M. In its most recent filing year (2023), University Schools reported a deficit of $77K, with expenses exceeding revenue. The organization holds $13K in liabilities against $280K in assets (debt-to-asset ratio: 4.7%), resulting in net assets of $267K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.5M | $280K | $13K | — | View 990 |
| 2022 | $1.4M | $1.5M | $280K | $13K | — | View 990 |
| 2021 | $1.4M | $1.6M | $370K | $19K | — | View 990 |
| 2020 | $1.6M | $1.8M | $452K | $256K | — | View 990 |
| 2019 | $1.9M | $1.9M | $325K | $83K | — | View 990 |
| 2018 | $1.7M | $1.7M | $297K | $98K | — | View 990 |
| 2017 | $1.5M | $1.5M | $241K | $61K | — | View 990 |
| 2016 | $1.3M | $1.2M | $208K | $29K | — | View 990 |
| 2015 | $1.0M | $1.0M | $173K | $16K | — | View 990 |
| 2014 | $605K | $568K | $156K | $25K | — | View 990 |
| 2013 | $536K | $474K | $134K | $29K | — | View 990 |
| 2012 | $507K | $445K | $87K | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.5M, and assets of $280K (revenue +0.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.5M, and assets of $280K (revenue +1.0% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.6M, and assets of $370K (revenue -12.2% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.8M, and assets of $452K (revenue -16.6% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $325K (revenue +11.6% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $297K (revenue +15.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $241K (revenue +18.8% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $208K (revenue +21.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.0M, and assets of $173K (revenue +70.0% year-over-year).
- 2014: Revenue of $605K, expenses of $568K, and assets of $156K (revenue +13.0% year-over-year).
- 2013: Revenue of $536K, expenses of $474K, and assets of $134K (revenue +5.8% year-over-year).
- 2012: Revenue of $507K, expenses of $445K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University Schools:
Data Sources and Methodology
This transparency report for University Schools 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.