Is Boys Latin Of Philadelphia Charter School Legit?

Quick charity verification for Boys Latin Of Philadelphia Charter School (EIN: 203597185)

Verdict: Boys Latin Of Philadelphia Charter School appears trustworthy

90/100Mission Score

$20.0MRevenue

$23.4MAssets

1Red Flags

5Strengths

Red Flags

Lack of detailed program vs. administrative spending breakdown in provided summary data (though implied by NTEE code and 0% officer comp)

Strengths

Consistent revenue growth (from $8.8M in 2014 to $16.8M in 2023)
Significant asset growth (from $9.7M in 2014 to $19.4M in 2023)
0% reported officer compensation across all filings, indicating high efficiency and mission focus
Positive net asset position in recent years, indicating improved financial health
Implied high program spending due to educational mission and lack of executive compensation

Spending Breakdown

How Boys Latin Of Philadelphia Charter School allocates its funds across programs, administration, and fundraising.

90%

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 Boys Latin Of Philadelphia Charter School

Is Boys Latin Of Philadelphia Charter School a legitimate charity?

Based on AI analysis of IRS 990 filings, Boys Latin Of Philadelphia Charter School (EIN: 203597185) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Boys Latin Of Philadelphia Charter School a good charity to donate to?

Boys Latin Of Philadelphia Charter School has a Mission Score of 90/100. Revenue: $20.0M. Assets: $23.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Boys Latin Of Philadelphia Charter School?

The Employer Identification Number (EIN) for Boys Latin Of Philadelphia Charter School is 203597185. 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 Boys Latin Of Philadelphia Charter School spend its money?

Boys Latin Of Philadelphia Charter School allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Boys Latin Of Philadelphia Charter School's tax-exempt status?

You can verify Boys Latin Of Philadelphia Charter School's tax-exempt status using EIN 203597185 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

Boys Latin Of Philadelphia Charter School demonstrates a consistent pattern of increasing revenue and assets over the past decade, indicating strong financial growth. For example, revenue grew from $8,852,281 in 2014 to $16,817,216 in 2023, and assets increased from $9,716,121 to $19,434,514 in the same period. The organization consistently reports 0% officer compensation, which is a significant positive indicator for transparency and efficient use of funds, as it suggests that executive leadership is not drawing a salary from the organization's funds. This practice is highly unusual for an organization of this size and mission, and it contributes positively to its financial health by reducing administrative overhead.

While specific program spending percentages are not detailed in the provided data, the consistent growth in net assets (assets minus liabilities) from a deficit in earlier years to a positive balance in recent filings (e.g., $19,434,514 assets vs. $13,013,111 liabilities in 2023) suggests prudent financial management. The organization's NTEE code B29 (Elementary & Secondary Education) implies that the vast majority of its expenses would naturally be program-related, covering educational services, staff salaries, and facility costs. The absence of reported officer compensation further reinforces the likelihood that funds are directed towards its educational mission.

Overall, Boys Latin Of Philadelphia Charter School appears to be in a healthy financial position, marked by sustained growth, increasing assets, and a notable commitment to minimizing executive compensation. This financial stability, coupled with the implied program focus of an educational institution, suggests a well-managed and transparent operation. Further analysis of detailed expense breakdowns would confirm the exact spending efficiency, but the available data points to a positive financial trajectory.

View Full Transparency Report →

Disclaimer

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