Wall Street Tax Educational Corporation
Wall Street Tax Educational Corporation shows volatile financial performance with zero reported officer compensation.
EIN: 133685627 · Parsippany, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $196K |
| Total Expenses | $287K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $383,021. |
| Net Assets | $324K |
| Transparency Score | 70/100 |
Is Wall Street Tax Educational Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wall Street Tax Educational Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wall Street Tax Educational Corporation
Wall Street Tax Educational Corporation (EIN: 133685627) is a nonprofit organization based in Parsippany, NJ. The organization reported total revenue of $196K and total assets of $253K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wall Street Tax Educational Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wall Street Tax Educational Corporation is a small nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $287K |
| Surplus / Deficit | $-108,718 |
| Total Assets | $324K |
| Net Assets | $324K |
| Operating Margin | -60.8% |
| Months of Reserves | 13.5 months |
Financial Health Grade: B
In 2023, Wall Street Tax Educational Corporation reported a deficit of $109K with expenses exceeding revenue, holds 13.5 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Wall Street Tax Educational Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.6% | +1441.3% | -25.1% |
| 2022 | +121.1% | +39.7% | +86.6% |
| 2021 | -41.5% | -88.1% | +58.9% |
| 2020 | -31.5% | -42.6% | +65.7% |
| 2019 | +27.7% | +5.5% | +119.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1993 |
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 Wall Street Tax Educational Corporation with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wall Street Tax Educational Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $109K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly unusual for an organization with revenues up to $383,021.
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 Wall Street Tax Educational Corporation's IRS 990 filings:
- Highly inconsistent revenue and expense figures year-over-year, making financial planning and stability uncertain.
- Significant deficit in 2023 ($178,753 revenue vs. $287,471 expenses).
- Lack of NTEE code, hindering comparative analysis.
- Unusually low expenses in some years (e.g., $18,651 in 2022) compared to revenue, which could indicate underreporting or unusual operational models.
Strengths
The following positive indicators were identified for Wall Street Tax Educational Corporation:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Generally healthy asset base relative to revenue, with assets of $253,090 against $196,196 latest revenue.
- No reported liabilities in recent years (2018-2023), indicating financial solvency.
- Consistent filing of IRS Form 990s (12 filings), demonstrating transparency in reporting.
Frequently Asked Questions about Wall Street Tax Educational Corporation
Is Wall Street Tax Educational Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Wall Street Tax Educational Corporation (EIN: 133685627) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does Wall Street Tax Educational Corporation spend its money?
Wall Street Tax Educational Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wall Street Tax Educational Corporation tax-deductible?
Wall Street Tax Educational Corporation is registered as a tax-exempt nonprofit (EIN: 133685627). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wall Street Tax Educational Corporation CEO make?
Wall Street Tax Educational Corporation's highest-compensated officer earns $383,021. annually. The organization reported $196K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wall Street Tax Educational Corporation's spending goes to programs?
Wall Street Tax Educational Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Wall Street Tax Educational Corporation located?
Wall Street Tax Educational Corporation is headquartered in Parsippany, New Jersey and files with the IRS under EIN 133685627.
How many years of IRS 990 filings does Wall Street Tax Educational Corporation have?
Wall Street Tax Educational Corporation 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 $196K in total revenue.
Why are expenses so low in some years (e.g., $18,651 in 2022) compared to others (e.g., $287,471 in 2023)?
The significant fluctuations in expenses suggest either highly variable operational activities or changes in reporting, which warrants further investigation into the nature of their programs and administrative costs.
What is the NTEE code for Wall Street Tax Educational Corporation?
The NTEE code is not provided in the available data, which makes it difficult to benchmark the organization against similar nonprofits.
How does the organization manage to operate with 0% officer compensation?
This suggests that leadership roles are likely filled by volunteers or individuals compensated through other means not reported on the 990, which can be a sign of strong volunteer engagement but also raises questions about sustainability.
What caused the large deficit in 2023 where expenses ($287,471) significantly exceeded revenue ($178,753)?
This deficit indicates that the organization spent more than it earned in that period, potentially drawing from reserves or incurring debt, though liabilities were reported as $0.
Filing History
IRS 990 filing history for Wall Street Tax Educational Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Wall Street Tax Educational Corporation's revenue has grown by 60.8%, moving from $111K to $179K. Total assets increased by 3% over the same period, from $315K to $324K. Total functional expenses rose by 140.1%, from $120K to $287K. In its most recent filing year (2023), Wall Street Tax Educational Corporation reported a deficit of $109K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $287K | $324K | $0 | — | View 990 |
| 2022 | $220K | $19K | $433K | $0 | — | View 990 |
| 2021 | $99K | $13K | $232K | $0 | — | — |
| 2020 | $170K | $112K | $146K | $0 | — | View 990 |
| 2019 | $248K | $195K | $88K | $0 | — | View 990 |
| 2018 | $194K | $185K | $40K | $5K | — | View 990 |
| 2017 | $175K | $233K | $30K | $4K | — | View 990 |
| 2016 | $383K | $184K | $84K | $0 | — | View 990 |
| 2015 | $94K | $222K | $162K | $277K | — | View 990 |
| 2014 | $86K | $149K | $287K | $270K | — | View 990 |
| 2012 | $118K | $186K | $291K | $145K | — | View 990 |
| 2011 | $111K | $120K | $315K | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $287K, and assets of $324K (revenue -18.6% year-over-year).
- 2022: Revenue of $220K, expenses of $19K, and assets of $433K (revenue +121.1% year-over-year).
- 2021: Revenue of $99K, expenses of $13K, and assets of $232K (revenue -41.5% year-over-year).
- 2020: Revenue of $170K, expenses of $112K, and assets of $146K (revenue -31.5% year-over-year).
- 2019: Revenue of $248K, expenses of $195K, and assets of $88K (revenue +27.7% year-over-year).
- 2018: Revenue of $194K, expenses of $185K, and assets of $40K (revenue +11.3% year-over-year).
- 2017: Revenue of $175K, expenses of $233K, and assets of $30K (revenue -54.4% year-over-year).
- 2016: Revenue of $383K, expenses of $184K, and assets of $84K (revenue +308.7% year-over-year).
- 2015: Revenue of $94K, expenses of $222K, and assets of $162K (revenue +9.5% year-over-year).
- 2014: Revenue of $86K, expenses of $149K, and assets of $287K (revenue -27.6% year-over-year).
- 2012: Revenue of $118K, expenses of $186K, and assets of $291K (revenue +6.3% year-over-year).
- 2011: Revenue of $111K, expenses of $120K, and assets of $315K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wall Street Tax Educational Corporation:
Data Sources and Methodology
This transparency report for Wall Street Tax Educational Corporation 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.