Quick charity verification for Educational Academy For Boys And Girls (EIN: 201926004)
Verdict: Educational Academy For Boys And Girls appears trustworthy
75/100Mission Score
$3.1MRevenue
$929KAssets
2Red Flags
3Strengths
Red Flags
Consistent and significant liabilities exceeding assets (e.g., $2,017,395 liabilities vs. $1,128,133 assets in 2023), indicating potential financial instability or reliance on debt.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting a full assessment of spending efficiency.
Strengths
Strong and consistent revenue growth over the past decade, from $935,761 in 2014 to $2,491,329 in 2023.
Zero officer compensation reported across all 13 filings, demonstrating a commitment to directing funds towards the mission.
Consistent positive net income in recent years (e.g., $2,491,329 revenue vs. $2,155,835 expenses in 2023), indicating financial sustainability in operations.
Spending Breakdown
How Educational Academy For Boys And Girls 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 Educational Academy For Boys And Girls
Is Educational Academy For Boys And Girls a legitimate charity?
Based on AI analysis of IRS 990 filings, Educational Academy For Boys And Girls (EIN: 201926004) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Educational Academy For Boys And Girls a good charity to donate to?
Educational Academy For Boys And Girls has a Mission Score of 75/100. Revenue: $3.1M. Assets: $929K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Educational Academy For Boys And Girls?
The Employer Identification Number (EIN) for Educational Academy For Boys And Girls is 201926004. 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 Educational Academy For Boys And Girls spend its money?
Educational Academy For Boys And Girls allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Educational Academy For Boys And Girls's tax-exempt status?
You can verify Educational Academy For Boys And Girls's tax-exempt status using EIN 201926004 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
Educational Academy For Boys And Girls demonstrates consistent revenue growth over the past decade, increasing from $935,761 in 2014 to $2,491,329 in 2023. This growth is a positive indicator of increasing support for its mission. However, the organization consistently reports liabilities significantly exceeding its assets, with liabilities of $2,017,395 against assets of $1,128,133 in 2023. This suggests a reliance on debt or deferred revenue, which warrants closer examination.
The organization's spending efficiency appears reasonable, with expenses generally tracking revenue. For instance, in 2023, expenses were $2,155,835 against revenue of $2,491,329, indicating a surplus. The consistent reporting of 0% officer compensation across all filings is a strong positive for transparency and suggests resources are directed towards programs rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited.
Overall, while the organization shows strong revenue growth and good transparency regarding executive compensation, the persistent asset-liability imbalance is a financial concern that could impact long-term stability. Further detail on the nature of these liabilities would be beneficial for a complete financial picture.