Quick charity verification for Chase Academy Inc (EIN: 204723241)
Verdict: Chase Academy Inc shows mixed signals
65/100Mission Score
$878KRevenue
$172KAssets
2Red Flags
3Strengths
Red Flags
Consistent negative net assets (liabilities exceeding assets) in recent years, e.g., 202306 liabilities ($243,056) vs. assets ($138,778).
Expenses occasionally exceeding revenue, as seen in 202006 ($772,632 expenses vs. $720,257 revenue), indicating potential operational deficits.
Strengths
Consistent revenue growth over the past decade, from $204,385 in 201312 to $878,153 currently.
0% officer compensation reported across all filings, suggesting efficient use of funds for mission-related activities.
Positive net income in the latest two periods (202306 and 202206), indicating improved operational performance recently.
Spending Breakdown
How Chase Academy Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Chase Academy Inc
Is Chase Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chase Academy Inc (EIN: 204723241) shows mixed signals. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
Is Chase Academy Inc a good charity to donate to?
Chase Academy Inc has a Mission Score of 65/100. Revenue: $878K. Assets: $172K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chase Academy Inc?
The Employer Identification Number (EIN) for Chase Academy Inc is 204723241. 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 Chase Academy Inc spend its money?
Chase Academy Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chase Academy Inc's tax-exempt status?
You can verify Chase Academy Inc's tax-exempt status using EIN 204723241 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
Chase Academy Inc. demonstrates consistent revenue growth over the past decade, with latest reported revenue at $878,153. However, the organization's financial health shows some concerning trends, particularly regarding its liabilities. In the 202306 period, liabilities ($243,056) significantly exceeded assets ($138,778), indicating a negative net asset position. This trend of liabilities often surpassing assets has been present in several recent filings, suggesting potential long-term solvency challenges. While program spending efficiency cannot be precisely determined without detailed expense breakdowns, the organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation towards its mission rather than executive salaries. The lack of detailed functional expense breakdowns in the provided data limits a full assessment of spending efficiency across programs, administration, and fundraising.