Advance Charitable & Educational Fund
Only null% goes to programs Strong reserves Declining revenue
Advance Charitable & Educational Fund is a 501(c)(3) organization based in Brooklyn, New York, registered in 2004, with $5,000 in FY2023 revenue. CharityIndex grades it B.
1208 E 49th St, Brooklyn, NY, 11234 EIN 30-0240855 Since 2004
Revenue (FY2023)
$5,000
Education median: $200K
Expenses (FY2023)
$534
Net assets
$223K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Advance Charitable & Educational Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating5009 mo reserves · +89% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Advance Charitable & Educational Fund: 5009 mo reserves · +89% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Advance Charitable & Educational Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Advance Charitable & Educational Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1208 E 49th St, Brooklyn, NY, 11234
- City
- Brooklyn
- State
- New York
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue declined from $615K (FY2013) to $5,000 (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $223K
Operating margin
89.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$223K
Total liabilities
$0
Net assets
$223K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $5,000 | $534▼90.0% | $222,909▲2.0% | $222,909▼0.3% | 990EZ |
| 2022 | $0▼100% | $5,344▼93.6% | $218,443▼0.7% | $223,493▼0.1% | 990EZ |
| 2021 | $16,474▼95.8% | $83,894▼76.0% | $219,886▼24.5% | $223,786▼29.8% | 990 |
| 2020 | $388,259▼50.6% | $349,451▼49.1% | $291,206▲340% | $318,677▼55.2% | 990 |
| 2018 | $785,878▲13.2% | $686,802▼6.4% | -$121,511▲44.9% | $711,470▼36.0% | 990 |
| 2017 | $694,343▲3.8% | $734,010▼4.7% | -$220,587▼21.9% | $1,111,362▼27.5% | 990 |
| 2016 | $669,106▼11.2% | $770,378▼8.1% | -$180,919▼127% | $1,533,651▲2062% | 990 |
| 2015 | $753,195▲21.4% | $838,183▲28.7% | -$79,647▼1591% | $70,930▼50.2% | 990 |
| 2014 | $620,206▲0.9% | $651,476▲28.3% | $5,341▼84.6% | $142,356▲102% | 990 |
| 2013 | $614,665 | $507,782▼37.6% | $34,682▲148% | $70,494▼29.4% | 990 |
| 2012 | — | $813,292▼1.4% | -$72,201▲55.4% | $99,828▲2709% | 990 |
| 2011 | — | $824,553 | -$162,016 | $3,554 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $10K total
2 grants to Advance Charitable & Educational Fund totaling $10K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2018 | $5,000 |
| National Philanthropic Tr | Education | 2014 | $5,000 |
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Frequently asked questions
- Is Advance Charitable & Educational Fund a legitimate nonprofit?
- Yes. Advance Charitable & Educational Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 30-0240855, based in Brooklyn, New York. Donations are tax-deductible.
- What is Advance Charitable & Educational Fund's EIN?
- Advance Charitable & Educational Fund's Employer Identification Number (EIN) is 30-0240855.
- How much revenue does Advance Charitable & Educational Fund report?
- Advance Charitable & Educational Fund reported $5,000 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Advance Charitable & Educational Fund have?
- CharityIndex grades Advance Charitable & Educational Fund B, based on financial health (reserves and operating margin).
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Data for Advance Charitable & Educational Fund (EIN 30-0240855) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.