Is Able Academy Inc Legit?

Quick charity verification for Able Academy Inc (EIN: 203571795)

Verdict: Able Academy Inc appears trustworthy

90/100Mission Score

$1.3MRevenue

$1.6MAssets

1Red Flags

5Strengths

Red Flags

Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, making precise efficiency calculations difficult.

Strengths

Consistent financial surpluses in recent years (e.g., $30,035 in 202312, $80,794 in 202212).
Zero reported officer compensation, indicating a strong commitment to directing funds to mission.
Growing asset base ($1,704,330 in 202312) and very low liabilities ($13,072 in 202312), demonstrating strong financial health.
Stable revenue streams over multiple years, suggesting reliable funding.
Consistent IRS 990 filings, indicating good transparency.

Spending Breakdown

How Able Academy Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Able Academy Inc

Is Able Academy Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Able Academy Inc (EIN: 203571795) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Able Academy Inc a good charity to donate to?

Able Academy Inc has a Mission Score of 90/100. Revenue: $1.3M. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Able Academy Inc?

The Employer Identification Number (EIN) for Able Academy Inc is 203571795. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Able Academy Inc spend its money?

Able Academy Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Able Academy Inc's tax-exempt status?

You can verify Able Academy Inc's tax-exempt status using EIN 203571795 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Able Academy Inc demonstrates consistent financial health with stable revenue streams and prudent expense management over the past several years. For the most recent period (202312), the organization reported revenues of $1,374,896 against expenses of $1,344,861, indicating a slight surplus. Assets have shown steady growth, reaching $1,704,330 in 202312, while liabilities remain very low at $13,072, suggesting strong financial stability and minimal debt burden. The organization's commitment to transparency is evident through its consistent filing of IRS Form 990s, with no reported officer compensation, which is a positive indicator for donor confidence.

Spending efficiency appears strong, particularly given the absence of reported officer compensation, which suggests resources are being directed towards programmatic activities rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial picture points to an organization that manages its funds effectively. The consistent surpluses in recent years (e.g., $30,035 in 202312, $80,794 in 202212, $130,155 in 202112) allow for reinvestment into its mission or building reserves.

Overall, Able Academy Inc presents as a financially sound and transparent organization. Its consistent revenue, controlled expenses, growing assets, and minimal liabilities paint a picture of a well-managed nonprofit. The lack of executive compensation further enhances its appeal to donors seeking organizations with low overhead and a strong focus on mission delivery.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.