Is Academy Of Dover Charter School Legit? —…

Quick charity verification for Academy Of Dover Charter School (EIN: 141882967)

Strengths

Strong and consistent revenue growth over the past five years (from $3.2M in 2019 to $8.6M in 2023).
Consistent reporting of 0% officer compensation, indicating high financial transparency and dedication of funds to mission.
Significant asset growth, suggesting investment in infrastructure and capacity (from $0.7M in 2019 to $11.4M in 2023).
Positive operating margins in recent years, with revenue exceeding expenses (e.g., $8,631,592 revenue vs. $7,736,912 expenses in 2023).

Spending Breakdown

How Academy Of Dover Charter School 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 Academy Of Dover Charter School

Is Academy Of Dover Charter School a legitimate charity?

Based on AI analysis of IRS 990 filings, Academy Of Dover Charter School (EIN: 141882967) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Academy Of Dover Charter School a good charity to donate to?

Academy Of Dover Charter School has a Mission Score of 75/100. Revenue: $8.3M. Assets: $15.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Academy Of Dover Charter School?

The Employer Identification Number (EIN) for Academy Of Dover Charter School is 141882967. 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 Academy Of Dover Charter School spend its money?

Academy Of Dover Charter School allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Academy Of Dover Charter School's tax-exempt status?

You can verify Academy Of Dover Charter School's tax-exempt status using EIN 141882967 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

Academy Of Dover Charter School demonstrates a pattern of significant growth in revenue and assets over the past several years, indicating expanding operations. For example, revenue grew from $3,205,406 in 2019 to $8,631,592 in 2023, and assets increased from $765,784 to $11,398,586 in the same period. This growth suggests increasing capacity to deliver on its educational mission. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its programs rather than executive salaries.

However, a notable concern is the organization's high liabilities relative to its assets. In 2023, liabilities stood at $14,979,296 against assets of $11,398,586, resulting in a negative net asset position. This trend of liabilities exceeding assets has been consistent across all reported periods, suggesting a reliance on debt or other long-term obligations. While common for organizations with significant capital projects like school buildings, it warrants closer examination to understand the nature of these liabilities and the long-term financial strategy.

Spending efficiency appears reasonable given the nature of a charter school, where a large portion of expenses are directly tied to educational programs. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency assessment is challenging. However, the consistent surplus of revenue over expenses in recent years (e.g., $8,631,592 revenue vs. $7,736,912 expenses in 2023) indicates sound financial management in terms of operational budgeting.

Is Academy Of Dover Charter School Legit?

Verdict: Academy Of Dover Charter School appears trustworthy

Red Flags