Quick charity verification for Icahn Charter School 2 (EIN: 205816198)
Verdict: Icahn Charter School 2 appears trustworthy
85/100Mission Score
$6.9MRevenue
$2.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (e.g., 202306 expenses $6,823,372 vs. revenue $6,501,561)
Steady decline in total assets over the past decade (from $8,596,344 in 201406 to $2,633,331 currently)
Strengths
Zero executive compensation reported across all filings, indicating high efficiency and mission focus.
Consistent filing history (13 filings) demonstrates good transparency and compliance.
Strong program spending ratio, with a significant portion of expenses dedicated to its educational mission.
Spending Breakdown
How Icahn Charter School 2 allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Icahn Charter School 2
Is Icahn Charter School 2 a legitimate charity?
Based on AI analysis of IRS 990 filings, Icahn Charter School 2 (EIN: 205816198) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Icahn Charter School 2 a good charity to donate to?
Icahn Charter School 2 has a Mission Score of 85/100. Revenue: $6.9M. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Icahn Charter School 2?
The Employer Identification Number (EIN) for Icahn Charter School 2 is 205816198. 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 Icahn Charter School 2 spend its money?
Icahn Charter School 2 allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Icahn Charter School 2's tax-exempt status?
You can verify Icahn Charter School 2's tax-exempt status using EIN 205816198 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
Icahn Charter School 2 demonstrates a consistent commitment to its educational mission, as evidenced by its NTEE code B29 (Elementary & Secondary Education) and its operational spending. Over the past several years, the organization has generally maintained a stable revenue stream, with the latest reported revenue at $6,887,544. However, recent filings show a trend of expenses exceeding revenue, such as in 202306 where expenses were $6,823,372 against revenues of $6,501,561, and in 202206 with expenses of $6,425,746 against revenues of $5,916,462. This indicates a potential reliance on prior year reserves or other funding sources to cover operational costs.
The organization's asset base has been steadily declining from a high of $8,596,344 in 201406 to $2,633,331 currently, and $3,570,503 in 202306. While a decrease in assets isn't inherently negative, especially for an operating entity, the consistent decline alongside operating deficits warrants attention. The organization reports 0% officer compensation across all available filings, which is a strong indicator of financial efficiency and a focus on program delivery rather than executive enrichment. This also contributes positively to its transparency profile.
Overall, while the organization appears to be fiscally responsible in terms of executive compensation, the trend of operating deficits and declining assets suggests a need for careful financial planning to ensure long-term sustainability. Its consistent filing history and the absence of officer compensation are positive indicators of transparency and a dedication to its mission.