Is Indiana Math And Science Academy Indianapolis Inc Legit?
Quick charity verification for Indiana Math And Science Academy Indianapolis Inc (EIN: 205751308)
Verdict: Indiana Math And Science Academy Indianapolis Inc appears trustworthy
88/100Mission Score
$8.7MRevenue
$8.7MAssets
1Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into how executive leadership is compensated or structured.
Strengths
Consistent revenue growth, increasing from $4,683,536 in 2015 to $9,380,764 in 2023.
Strong financial health with consistent annual surpluses, contributing to significant asset accumulation.
Healthy asset base of $8,398,266 in 2023, providing financial stability.
Expenses consistently lower than revenue, indicating efficient financial management.
How Indiana Math And Science Academy Indianapolis Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Indiana Math And Science Academy Indianapolis Inc
Is Indiana Math And Science Academy Indianapolis Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Indiana Math And Science Academy Indianapolis Inc (EIN: 205751308) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is Indiana Math And Science Academy Indianapolis Inc a good charity to donate to?
Indiana Math And Science Academy Indianapolis Inc has a Mission Score of 88/100. Revenue: $8.7M. Assets: $8.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Indiana Math And Science Academy Indianapolis Inc?
The Employer Identification Number (EIN) for Indiana Math And Science Academy Indianapolis Inc is 205751308. 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 Indiana Math And Science Academy Indianapolis Inc spend its money?
Indiana Math And Science Academy Indianapolis Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Indiana Math And Science Academy Indianapolis Inc's tax-exempt status?
You can verify Indiana Math And Science Academy Indianapolis Inc's tax-exempt status using EIN 205751308 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
Indiana Math And Science Academy Indianapolis Inc. demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating financial stability and expansion. In the latest filing (202306), the organization reported revenues of $9,380,764 against expenses of $7,597,726, resulting in a significant surplus. This surplus contributes to a healthy asset base of $8,398,266, which has steadily increased from $1,057,878 in 2014. The organization's liabilities have also grown, reaching $2,241,636 in 2023, but remain well-covered by assets.
The organization's spending efficiency appears strong, with expenses consistently lower than revenue, allowing for asset accumulation. A key aspect of its transparency is the reported 0% officer compensation across all available filings, suggesting that executive leadership may be compensated through other means or that the organization operates with a volunteer executive structure, which warrants further investigation for a complete picture. The NTEE code B290 (Elementary & Secondary Education) aligns with its mission, and the financial data supports its operational capacity in this area.
Overall, the academy exhibits sound financial management with a clear growth trajectory. The consistent surpluses and asset growth suggest effective resource utilization. While the 0% officer compensation is notable, a deeper dive into how leadership is supported would enhance the understanding of its operational model and full transparency.