Is Genesis Preparatory Academy Legit? —…

Strengths

Consistent and strong revenue growth (from $690,394 in 2014 to $5,032,610 in 2023).
Significant asset accumulation, indicating financial stability and capacity ($3,628,777 in 2023).
0% officer compensation reported across all filings, demonstrating high efficiency and mission focus.
Healthy surpluses in most years, allowing for reinvestment and growth (e.g., $1,873,843 surplus in 2023).
Strong asset-to-liability ratio, indicating good financial management and low risk (approx. 13.68 in 2023).

Spending Breakdown

How Genesis Preparatory Academy allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Genesis Preparatory Academy

Is Genesis Preparatory Academy a legitimate charity?

Based on AI analysis of IRS 990 filings, Genesis Preparatory Academy (EIN: 202616523) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Genesis Preparatory Academy a good charity to donate to?

Genesis Preparatory Academy has a Mission Score of 95/100. Revenue: $3.4M. Assets: $3.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Genesis Preparatory Academy?

The Employer Identification Number (EIN) for Genesis Preparatory Academy is 202616523. 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 Genesis Preparatory Academy spend its money?

Genesis Preparatory Academy allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Genesis Preparatory Academy's tax-exempt status?

You can verify Genesis Preparatory Academy's tax-exempt status using EIN 202616523 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

Genesis Preparatory Academy demonstrates a strong and consistent growth trajectory in revenue and assets over the past decade, indicating robust financial health. For instance, revenue grew from $690,394 in 2014 to $5,032,610 in 2023, and assets increased from $61,179 to $3,628,777 in the same period. The organization consistently reports 0% officer compensation, which is a significant positive indicator for transparency and efficient use of funds, suggesting resources are directed towards its mission rather than executive salaries. The academy's liabilities have fluctuated but remain manageable relative to its growing asset base, with a healthy asset-to-liability ratio of approximately 13.68 in 2023 ($3,628,777 assets vs. $265,127 liabilities).

Spending efficiency appears strong, as total expenses have generally been well below total revenue, allowing for asset accumulation. For example, in 2023, expenses were $3,158,767 against revenues of $5,032,610, resulting in a substantial surplus. This surplus contributes to the organization's long-term sustainability and capacity for future program expansion. The consistent reporting of 0% officer compensation across all available filings further reinforces the perception of high spending efficiency and a strong commitment to its educational mission.

Overall, Genesis Preparatory Academy exhibits excellent financial health, strong spending efficiency, and a high degree of transparency regarding executive compensation. The consistent growth and prudent financial management, coupled with the absence of executive compensation, paint a picture of a well-managed and mission-focused organization.

Is Genesis Preparatory Academy Legit?

Verdict: Genesis Preparatory Academy appears trustworthy