Is Cocheco Academy Of The Arts Charter School Legit?
Quick charity verification for Cocheco Academy Of The Arts Charter School (EIN: 201223676)
Verdict: Cocheco Academy Of The Arts Charter School appears trustworthy
70/100Mission Score
$448KRevenue
$173KAssets
2Red Flags
3Strengths
Red Flags
High liabilities relative to assets (e.g., $671,546 liabilities vs. $237,386 assets in 202106)
Frequent periods where expenses exceed revenue, indicating tight operational margins (e.g., 202006, 201906, 201806)
Strengths
Consistent revenue generation over multiple years, indicating stable operations.
No reported officer compensation, suggesting efficient use of funds for mission-related activities.
Consistent filing of IRS Form 990s, demonstrating good financial transparency and compliance.
Spending Breakdown
How Cocheco Academy Of The Arts 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
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 Cocheco Academy Of The Arts Charter School
Is Cocheco Academy Of The Arts Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Cocheco Academy Of The Arts Charter School (EIN: 201223676) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Cocheco Academy Of The Arts Charter School a good charity to donate to?
Cocheco Academy Of The Arts Charter School has a Mission Score of 70/100. Revenue: $448K. Assets: $173K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Cocheco Academy Of The Arts Charter School?
The Employer Identification Number (EIN) for Cocheco Academy Of The Arts Charter School is 201223676. 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 Cocheco Academy Of The Arts Charter School spend its money?
Cocheco Academy Of The Arts Charter School allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Cocheco Academy Of The Arts Charter School's tax-exempt status?
You can verify Cocheco Academy Of The Arts Charter School's tax-exempt status using EIN 201223676 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
Cocheco Academy Of The Arts Charter School demonstrates consistent operational activity with revenues generally in the range of $400,000 to $500,000 annually. The organization has shown a pattern of expenses closely tracking or slightly exceeding revenues in several periods, such as 202006 ($387,423 revenue vs. $413,447 expenses) and 201906 ($514,959 revenue vs. $518,946 expenses). This indicates a tight operational budget. A notable aspect is the significant increase in liabilities starting from the 201706 period, jumping from $152,166 to $669,833 in 201806, and remaining high through 202106. This substantial debt burden, relative to its assets (e.g., $237,386 assets vs. $671,546 liabilities in 202106), suggests potential long-term financial strain or significant capital investments financed by debt.
The organization's financial health appears stable in terms of consistent revenue generation, but the high liabilities relative to assets are a concern. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or compensation below the reporting threshold, which can be a positive indicator of resource allocation to programs. However, without a detailed breakdown of expenses (program, administrative, fundraising) in the provided data, a precise assessment of spending efficiency is challenging. The consistent filing of IRS Form 990s indicates good compliance and transparency regarding its financial reporting obligations.
Overall, while the school maintains consistent operations and good reporting compliance, the substantial and sustained level of liabilities warrants closer examination to understand its nature and impact on the organization's long-term sustainability. The lack of reported officer compensation is a positive sign for resource allocation.