Is Philadelphia Academy Community Development Corporation Legit?
Quick charity verification for Philadelphia Academy Community Development Corporation (EIN: 200701353)
Verdict: Philadelphia Academy Community Development Corporation appears trustworthy
90/100Mission Score
$550KRevenue
$4.6MAssets
1Red Flags
4Strengths
Red Flags
Consistent decline in total assets over the past decade without clear explanation in provided data.
Strengths
Consistent 0% officer compensation, indicating strong commitment to mission over executive pay.
Significant reduction in total expenses from $815,891 in 2017 to $273,595 in 2023, suggesting improved cost efficiency.
Stable revenue stream of $550,380 for several years.
Maintains a substantial asset base ($4,652,255 in 2023) relative to annual expenses.
Spending Breakdown
How Philadelphia Academy Community Development Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Philadelphia Academy Community Development Corporation
Is Philadelphia Academy Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Philadelphia Academy Community Development Corporation (EIN: 200701353) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Philadelphia Academy Community Development Corporation a good charity to donate to?
Philadelphia Academy Community Development Corporation has a Mission Score of 90/100. Revenue: $550K. Assets: $4.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Philadelphia Academy Community Development Corporation?
The Employer Identification Number (EIN) for Philadelphia Academy Community Development Corporation is 200701353. 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 Philadelphia Academy Community Development Corporation spend its money?
Philadelphia Academy Community Development Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Philadelphia Academy Community Development Corporation's tax-exempt status?
You can verify Philadelphia Academy Community Development Corporation's tax-exempt status using EIN 200701353 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
The Philadelphia Academy Community Development Corporation demonstrates consistent financial activity with reported revenues of $550,380 for the past several years, indicating a stable funding base. Their expenses have shown a downward trend from a high of $815,891 in 2017 to $273,595 in 2023, suggesting improved cost management or a shift in operational scale. The organization's assets have also been declining over time, from $7,025,809 in 2014 to $4,652,255 in 2023, while liabilities have also decreased, indicating a potential deleveraging or asset divestment strategy. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay and a commitment to directing funds towards programs rather than administrative overhead.
While the organization maintains a healthy asset base relative to its annual expenses, the consistent decline in assets warrants further investigation to understand the underlying reasons. The significant reduction in expenses over the last few years, particularly from 2017 to 2023, is a positive indicator of efficiency. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The absence of officer compensation is a strong positive for transparency and resource allocation.
Overall, the Philadelphia Academy Community Development Corporation appears to be a financially stable organization with a clear commitment to minimizing executive compensation. The trend of decreasing assets and liabilities, alongside reduced expenses, suggests a careful management of resources. Further detail on expense categories would enhance the assessment of their spending efficiency and program impact.