Is Glendale Prepatory Academy Legit?

Quick charity verification for Glendale Prepatory Academy (EIN: 208760987)

Verdict: Glendale Prepatory Academy appears trustworthy

80/100Mission Score

$7.9MRevenue

$12.5MAssets

3Red Flags

4Strengths

Red Flags

Unexplained significant increase in liabilities from $419,627 to $8,484,492 in one year (2022-2023).
Consistent 0% officer compensation reported despite substantial revenue, potentially obscuring executive pay via related entities.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary data, hindering precise efficiency assessment.

Strengths

Consistent revenue growth from $3.3M in 2014 to $7.6M in 2023, indicating strong operational health.
Consistent operational surpluses (except 2014), demonstrating effective financial management.
Significant asset growth from $924,556 in 2014 to $12,164,406 in 2023, suggesting long-term investment or expansion.
Long history of IRS 990 filings (13 filings), indicating compliance with reporting requirements.

Spending Breakdown

How Glendale Prepatory Academy allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

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 Glendale Prepatory Academy

Is Glendale Prepatory Academy a legitimate charity?

Based on AI analysis of IRS 990 filings, Glendale Prepatory Academy (EIN: 208760987) appears trustworthy. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.

Is Glendale Prepatory Academy a good charity to donate to?

Glendale Prepatory Academy has a Mission Score of 80/100. Revenue: $7.9M. Assets: $12.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Glendale Prepatory Academy?

The Employer Identification Number (EIN) for Glendale Prepatory Academy is 208760987. 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 Glendale Prepatory Academy spend its money?

Glendale Prepatory Academy allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Glendale Prepatory Academy's tax-exempt status?

You can verify Glendale Prepatory Academy's tax-exempt status using EIN 208760987 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

Glendale Preparatory Academy demonstrates consistent financial growth and appears to maintain a healthy financial position. Over the past decade, the organization's revenue has steadily increased from $3,395,821 in 2014 to $7,664,696 in 2023, indicating strong operational expansion. Expenses have generally tracked revenue, with the organization consistently operating with a surplus, except for a slight deficit in 2014. The significant increase in assets from $924,556 in 2014 to $12,164,406 in 2023, particularly the jump from $3,828,707 in 2022 to $12,164,406 in 2023, suggests substantial capital investments or asset accumulation, which warrants further investigation into the nature of these assets and their funding.

The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising expenses) from the provided data. However, the consistent surpluses suggest effective management of operational costs relative to revenue. A notable aspect is the reported 0% officer compensation across all filings, which could indicate that executive leadership is compensated through a related management entity or that the roles are filled by volunteers, which would be a significant positive for efficiency if true. The substantial increase in liabilities from $419,627 in 2022 to $8,484,492 in 2023, alongside the asset increase, suggests potential debt financing for asset acquisition, which is a key area for further transparency.

Regarding transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. However, the lack of reported officer compensation directly on the 990s, while not necessarily a red flag if compensation is handled through a related party, does create a potential information gap for a complete understanding of executive remuneration. Further details on the nature of the significant asset and liability increases in the latest period would enhance financial transparency and allow for a more thorough assessment of the organization's long-term financial strategy.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.