Quick charity verification for Classics Elite Soccer Academy Inc (EIN: 201040995)
Verdict: Classics Elite Soccer Academy Inc appears trustworthy
80/100Mission Score
$1.7MRevenue
$1.4MAssets
2Red Flags
5Strengths
Red Flags
Operating at a slight deficit in recent years (e.g., 2023 and 2022), where expenses exceeded revenue.
Unusually consistent 0% officer compensation reported across all filings for an organization of this size, which might indicate compensation is reported under other categories or that leadership is entirely volunteer-based.
Strengths
Consistent revenue growth over the past decade, from $1,088,188 in 2014 to $2,164,543 in 2023.
Significant asset growth, increasing from $282,083 in 2014 to $1,587,175 in 2023.
Zero reported officer compensation across all available IRS 990 filings, indicating efficient use of funds or volunteer leadership.
Long history of IRS 990 filings (12 filings), demonstrating transparency and compliance.
Stable financial base with assets consistently exceeding liabilities (e.g., $1,587,175 assets vs. $532,028 liabilities in 2023).
Spending Breakdown
How Classics Elite Soccer 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
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 Classics Elite Soccer Academy Inc
Is Classics Elite Soccer Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Classics Elite Soccer Academy Inc (EIN: 201040995) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 5 strengths noted.
Is Classics Elite Soccer Academy Inc a good charity to donate to?
Classics Elite Soccer Academy Inc has a Mission Score of 80/100. Revenue: $1.7M. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Classics Elite Soccer Academy Inc?
The Employer Identification Number (EIN) for Classics Elite Soccer Academy Inc is 201040995. 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 Classics Elite Soccer Academy Inc spend its money?
Classics Elite Soccer Academy Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Classics Elite Soccer Academy Inc's tax-exempt status?
You can verify Classics Elite Soccer Academy Inc's tax-exempt status using EIN 201040995 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
Classics Elite Soccer Academy Inc demonstrates consistent financial activity, with revenues generally increasing over the past decade, reaching $2,164,543 in 2023. The organization's assets have also shown growth, standing at $1,587,175 in 2023, indicating a stable financial base. However, the academy has reported expenses exceeding revenue in several recent years, including 2023 ($2,238,871 expenses vs. $2,164,543 revenue) and 2022 ($2,065,005 expenses vs. $2,034,718 revenue), suggesting a trend of operating at a slight deficit. This trend warrants monitoring to ensure long-term sustainability.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 12 filings available. A notable aspect of its financial management is the reported 0% officer compensation across all available filings, which suggests that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, enhancing its perceived efficiency in resource allocation. While specific program spending ratios are not detailed in the provided data, the absence of officer compensation is a positive indicator for donor confidence.
Overall, Classics Elite Soccer Academy Inc appears to be a financially stable organization with a strong history of operations and asset growth. The slight operational deficits in recent years are a point to watch, but the consistent revenue generation and zero reported officer compensation contribute positively to its financial health and transparency profile. Further analysis of detailed expense breakdowns would provide a more complete picture of spending efficiency.