Quick charity verification for Philips Academy Of North Carolina Inc (EIN: 203125525)
Verdict: Philips Academy Of North Carolina Inc appears trustworthy
90/100Mission Score
$2.8MRevenue
$7.2MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed functional expense breakdown in provided summary data, making precise program efficiency analysis difficult without full 990 forms.
Strengths
Consistent and significant revenue growth, from $681,060 in 201506 to $3,665,074 in 202406.
Substantial asset accumulation, increasing from $561,027 in 201506 to $6,775,969 in 202406.
Zero reported officer compensation across all 13 filings, indicating a strong commitment to directing funds towards the mission.
Expenses consistently well below revenue in recent periods (e.g., $2,003,193 expenses vs. $3,665,074 revenue in 202406), demonstrating efficient financial management.
Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency and compliance.
Spending Breakdown
How Philips Academy Of North Carolina 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 Philips Academy Of North Carolina Inc
Is Philips Academy Of North Carolina Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Philips Academy Of North Carolina Inc (EIN: 203125525) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Philips Academy Of North Carolina Inc a good charity to donate to?
Philips Academy Of North Carolina Inc has a Mission Score of 90/100. Revenue: $2.8M. Assets: $7.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Philips Academy Of North Carolina Inc?
The Employer Identification Number (EIN) for Philips Academy Of North Carolina Inc is 203125525. 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 Philips Academy Of North Carolina Inc spend its money?
Philips Academy Of North Carolina Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Philips Academy Of North Carolina Inc's tax-exempt status?
You can verify Philips Academy Of North Carolina Inc's tax-exempt status using EIN 203125525 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
Philips Academy Of North Carolina Inc demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past decade, culminating in $3,665,074 in the 202406 period. The organization has also significantly increased its assets, reaching $6,775,969 in the latest filing, indicating strong financial stewardship and capacity building. Their expenses have remained well below revenue in most recent periods, such as $2,003,193 in expenses against $3,665,074 in revenue for 202406, suggesting efficient operations and a positive net income.
The organization's spending efficiency appears robust, particularly given the consistent positive difference between revenue and expenses. While a detailed functional expense breakdown (program, administrative, fundraising) is not provided in the summary data, the overall financial health suggests that resources are being managed effectively. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries.
From a transparency perspective, the consistent filing of IRS Form 990s over 13 periods is commendable. The absence of reported officer compensation is a strong positive signal regarding how the organization allocates its resources and its commitment to its mission. This consistent financial reporting and the lack of executive compensation suggest a high degree of financial transparency and a focus on program delivery.