Is Paragon Academy Of Technology Inc Legit?

Quick charity verification for Paragon Academy Of Technology Inc (EIN: 202664172)

Verdict: Paragon Academy Of Technology Inc appears trustworthy

92/100Mission Score

$1.6MRevenue

$2.7MAssets

1Red Flags

4Strengths

Red Flags

High liabilities relative to total assets, indicating potential reliance on debt or restricted funds (e.g., $2,385,673 liabilities vs. $2,674,485 assets in 202406).

Strengths

Consistent revenue growth over the past decade, from $970,027 in 201506 to $1,666,868 in 202406.
Consistent operational surpluses, indicating sound financial management (e.g., $158,857 surplus in 202406).
Zero reported officer compensation across all filings, demonstrating strong commitment to mission and high transparency.
Significant growth in total assets over time, from $142,474 in 201506 to $2,674,485 in 202406.

Spending Breakdown

How Paragon Academy Of Technology Inc 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 Paragon Academy Of Technology Inc

Is Paragon Academy Of Technology Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Paragon Academy Of Technology Inc (EIN: 202664172) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Paragon Academy Of Technology Inc a good charity to donate to?

Paragon Academy Of Technology Inc has a Mission Score of 92/100. Revenue: $1.6M. Assets: $2.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Paragon Academy Of Technology Inc?

The Employer Identification Number (EIN) for Paragon Academy Of Technology Inc is 202664172. 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 Paragon Academy Of Technology Inc spend its money?

Paragon Academy Of Technology Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Paragon Academy Of Technology Inc's tax-exempt status?

You can verify Paragon Academy Of Technology Inc's tax-exempt status using EIN 202664172 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

Paragon Academy Of Technology Inc demonstrates a generally stable financial position with consistent revenue generation over the past decade. The organization has shown growth in both revenue and assets, with the latest filing (202406) reporting revenue of $1,666,868 and assets of $2,674,485. However, a significant portion of its assets are offset by liabilities, as seen in the 202406 filing where liabilities stood at $2,385,673, indicating a high reliance on debt or restricted funds. The organization consistently spends less than its revenue, as evidenced by the 202406 period where expenses were $1,508,011 against $1,666,868 in revenue, suggesting a healthy operating surplus. The absence of reported officer compensation across all filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, enhancing its transparency and efficiency profile.

While the overall financial trend is positive, the substantial liabilities relative to assets warrant closer examination. For instance, in 202306, liabilities were $2,560,194 against assets of $2,690,149, leaving a relatively small net asset base. This financial structure, while not necessarily a red flag on its own, suggests that a significant portion of its resources might be tied to specific obligations or debt. The consistent growth in assets from $142,474 in 201506 to $2,674,485 in 202406 is commendable, but the corresponding increase in liabilities needs to be understood in the context of its operations and funding model. The organization's consistent operational surpluses, such as the $158,857 surplus in 202406, contribute to its financial stability and ability to build reserves or invest in programs.

In terms of spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent operational surpluses and the zero officer compensation suggest a lean operational structure. The organization's transparency is high regarding executive compensation, as no officer compensation has been reported in any of the available filings. This indicates that the organization is likely directing a very high percentage of its funds directly to its mission, which is a positive indicator for donors and stakeholders.

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Disclaimer

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