Walsh College Of Accountancy And Business Administration
EIN: 381308480 · Troy, MI · NTEE: B51Z
| Metric | Value |
|---|---|
| Total Revenue | $22.8M |
| Total Expenses | $23.4M |
| Net Assets | $45.5M |
Is Walsh College Of Accountancy And Business Administration Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Walsh College Of Accountancy And Business Administration
Walsh College Of Accountancy And Business Administration (EIN: 381308480) is a nonprofit organization based in Troy, MI, classified under NTEE code B51Z. The organization reported total revenue of $22.8M and total assets of $47.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walsh College Of Accountancy And Business Administration's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walsh College Of Accountancy And Business Administration is a large nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.9M |
| Total Expenses | $23.4M |
| Surplus / Deficit | $-2,505,995 |
| Total Assets | $60.5M |
| Total Liabilities | $15.0M |
| Net Assets | $45.5M |
| Operating Margin | -12.0% |
| Debt-to-Asset Ratio | 24.8% |
| Months of Reserves | 31.1 months |
Financial Health Grade: B
In 2023, Walsh College Of Accountancy And Business Administration reported a deficit of $2.5M with expenses exceeding revenue, holds 31.1 months of operating reserves (strong position), has a debt-to-asset ratio of 24.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Walsh College Of Accountancy And Business Administration's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | -1.2% | -4.2% |
| 2022 | -13.5% | -7.6% | -10.5% |
| 2021 | +9.9% | -10.5% | +5.1% |
| 2020 | -4.1% | +4.9% | -0.3% |
| 2019 | -16.3% | -4.4% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Walsh College Of Accountancy And Business Administration 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 Walsh College Of Accountancy And Business Administration 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 $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.8%.
Frequently Asked Questions about Walsh College Of Accountancy And Business Administration
Is Walsh College Of Accountancy And Business Administration a legitimate charity?
Walsh College Of Accountancy And Business Administration (EIN: 381308480) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $22.8M. No red flags identified. Financial health grade: B.
How does Walsh College Of Accountancy And Business Administration spend its money?
Walsh College Of Accountancy And Business Administration reported $22.8M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Walsh College Of Accountancy And Business Administration tax-deductible?
Walsh College Of Accountancy And Business Administration is registered as a tax-exempt nonprofit (EIN: 381308480). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Walsh College Of Accountancy And Business Administration located?
Walsh College Of Accountancy And Business Administration is headquartered in Troy, Michigan and files with the IRS under EIN 381308480. It is classified under NTEE code B51Z.
How many years of IRS 990 filings does Walsh College Of Accountancy And Business Administration have?
Walsh College Of Accountancy And Business Administration 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 $22.8M in total revenue.
Filing History
IRS 990 filing history for Walsh College Of Accountancy And Business Administration showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Walsh College Of Accountancy And Business Administration's revenue has declined by 29.5%, moving from $29.6M to $20.9M. Total assets increased by 13.3% over the same period, from $53.4M to $60.5M. Total functional expenses fell by 13.2%, from $26.9M to $23.4M. In its most recent filing year (2023), Walsh College Of Accountancy And Business Administration reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $15.0M in liabilities against $60.5M in assets (debt-to-asset ratio: 24.8%), resulting in net assets of $45.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.9M | $23.4M | $60.5M | $15.0M | — | — |
| 2022 | $23.4M | $23.7M | $63.2M | $15.4M | — | View 990 |
| 2021 | $27.0M | $25.6M | $70.7M | $18.0M | — | View 990 |
| 2020 | $24.6M | $28.6M | $67.2M | $22.8M | — | — |
| 2019 | $25.6M | $27.3M | $67.4M | $20.2M | — | View 990 |
| 2018 | $30.6M | $28.5M | $70.4M | $19.4M | — | View 990 |
| 2017 | $30.5M | $29.6M | $70.6M | $20.8M | — | View 990 |
| 2016 | $28.6M | $30.9M | $71.0M | $23.3M | — | View 990 |
| 2015 | $29.1M | $27.5M | $67.5M | $19.5M | — | View 990 |
| 2014 | $30.1M | $27.8M | $58.7M | $9.1M | — | View 990 |
| 2013 | $29.3M | $27.6M | $56.0M | $10.4M | — | View 990 |
| 2012 | $28.6M | $26.5M | $55.0M | $14.9M | — | View 990 |
| 2011 | $29.6M | $26.9M | $53.4M | $12.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.9M, expenses of $23.4M, and assets of $60.5M (revenue -10.8% year-over-year).
- 2022: Revenue of $23.4M, expenses of $23.7M, and assets of $63.2M (revenue -13.5% year-over-year).
- 2021: Revenue of $27.0M, expenses of $25.6M, and assets of $70.7M (revenue +9.9% year-over-year).
- 2020: Revenue of $24.6M, expenses of $28.6M, and assets of $67.2M (revenue -4.1% year-over-year).
- 2019: Revenue of $25.6M, expenses of $27.3M, and assets of $67.4M (revenue -16.3% year-over-year).
- 2018: Revenue of $30.6M, expenses of $28.5M, and assets of $70.4M (revenue +0.5% year-over-year).
- 2017: Revenue of $30.5M, expenses of $29.6M, and assets of $70.6M (revenue +6.4% year-over-year).
- 2016: Revenue of $28.6M, expenses of $30.9M, and assets of $71.0M (revenue -1.6% year-over-year).
- 2015: Revenue of $29.1M, expenses of $27.5M, and assets of $67.5M (revenue -3.3% year-over-year).
- 2014: Revenue of $30.1M, expenses of $27.8M, and assets of $58.7M (revenue +2.6% year-over-year).
- 2013: Revenue of $29.3M, expenses of $27.6M, and assets of $56.0M (revenue +2.5% year-over-year).
- 2012: Revenue of $28.6M, expenses of $26.5M, and assets of $55.0M (revenue -3.2% year-over-year).
- 2011: Revenue of $29.6M, expenses of $26.9M, and assets of $53.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walsh College Of Accountancy And Business Administration:
Data Sources and Methodology
This transparency report for Walsh College Of Accountancy And Business Administration 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.