Quick charity verification for Hoosier Academy Inc (EIN: 205926653)
Verdict: Hoosier Academy Inc appears trustworthy
75/100Mission Score
$8.8MRevenue
$1.8MAssets
3Red Flags
3Strengths
Red Flags
Significant and consistent decline in assets over the past decade, from $10.9M in 2014 to $1.7M currently.
Consistent reporting of 0% officer compensation, which is unusual for an organization of this scale and could indicate a lack of transparency in executive remuneration.
Operating consistently at near-break-even, which leaves little room for reserves or unexpected expenses.
Long filing history (13 filings) suggests a sustained presence and commitment to reporting.
Apparent focus on utilizing all available revenue for operations, as evidenced by the near-zero net income/deficit.
Spending Breakdown
How Hoosier Academy Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Hoosier Academy Inc
Is Hoosier Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoosier Academy Inc (EIN: 205926653) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Hoosier Academy Inc a good charity to donate to?
Hoosier Academy Inc has a Mission Score of 75/100. Revenue: $8.8M. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hoosier Academy Inc?
The Employer Identification Number (EIN) for Hoosier Academy Inc is 205926653. 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 Hoosier Academy Inc spend its money?
Hoosier Academy Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hoosier Academy Inc's tax-exempt status?
You can verify Hoosier Academy Inc's tax-exempt status using EIN 205926653 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
Hoosier Academy Inc. demonstrates a consistent pattern of operating with revenues closely matching expenses, often resulting in near-zero net income or deficit, as seen in the 202306 period where revenue was $7,097,370 and expenses were $7,096,978. This indicates a tight operational budget. The organization's assets have fluctuated significantly over its history, peaking around $10.9 million in 2014 and declining to $1.7 million currently, with a notable drop from $7.4 million in 2018 to $1.2 million in 2020. The consistent reporting of 0% officer compensation across all available filings suggests either a fully volunteer-led executive team or that executive compensation is not reported in a way that is easily discernible as 'officer compensation' in the provided data, which could impact transparency assessment. The organization's financial health appears stable in terms of managing expenses within revenue, but the declining asset base warrants closer examination.