Is Friends Of Anansi Charter School Legit?

Friends Of Anansi Charter School demonstrates consistent financial activity, with revenues fluctuating over the past decade. In the most recent filing (202212), the organization reported revenues of $216,691 against expenses of $209,185, indicating a slight surplus for the period. However, a broader look reveals periods of significant deficits, such as in 202112 where expenses ($342,661) substantially exceeded revenues ($239,772), and a notable negative revenue figure in 201512 ($-188,582). The organization maintains substantial assets, reported at $3,205,887 in 202212, but also carries significant liabilities, which were $2,231,273 in the same period. This suggests a reliance on debt or restricted funds, which warrants further investigation into the nature of these liabilities. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive indicator of resource allocation. The consistent filing of IRS 990s over 11 periods demonstrates a commitment to regulatory transparency, although the lack of detailed expense categories in the provided data limits a deeper analysis of spending efficiency. The significant liabilities relative to assets also raise questions about long-term financial stability and the nature of their funding model.