Quick charity verification for Proctor Academy (EIN: 20222179)
Verdict: Proctor Academy appears trustworthy
85/100Mission Score
$47.1MRevenue
$97.6MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $22.9M in 2014 to $34.3M in 2023.
Strong asset growth, from $61.3M in 2014 to $92.7M in 2023, indicating financial health.
Consistent operating surpluses, with revenues exceeding expenses in all reported periods.
No reported officer compensation in the provided summary, suggesting efficient use of funds or alternative compensation structures.
Low liabilities relative to assets, with liabilities at $24.6M against $92.7M in assets in 2023.
Spending Breakdown
How Proctor Academy allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Proctor Academy
Is Proctor Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Proctor Academy (EIN: 20222179) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Proctor Academy a good charity to donate to?
Proctor Academy has a Mission Score of 85/100. Revenue: $47.1M. Assets: $97.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Proctor Academy?
The Employer Identification Number (EIN) for Proctor Academy is 20222179. 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 Proctor Academy spend its money?
Proctor Academy allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Proctor Academy's tax-exempt status?
You can verify Proctor Academy's tax-exempt status using EIN 20222179 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
Proctor Academy demonstrates consistent financial growth and a strong asset base, indicating robust financial health. Over the past decade, assets have grown from $61.3 million in 2014 to $92.7 million in 2023, while revenue has also shown a steady upward trend, reaching $34.3 million in 2023. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in all reported periods, contributing to its growing asset base. This financial stability suggests effective management of resources.
Regarding spending efficiency, the provided data indicates that the organization's expenses are consistently lower than its revenues, allowing for reinvestment and asset growth. While a detailed breakdown of program, administrative, and fundraising expenses is not available in the provided summary, the overall financial health suggests that the organization is managing its expenditures within its means. The absence of reported officer compensation in the summary filings is notable, suggesting that executive compensation, if any, is either not reported in this specific field or is minimal, which could be a positive indicator for transparency and resource allocation.
Overall, Proctor Academy appears to be a financially sound organization with a history of growth and responsible financial management. The consistent surpluses and increasing asset base point to a well-managed institution capable of sustaining its operations. Further detailed analysis of the full 990 forms would be necessary to fully assess specific spending ratios and executive compensation details beyond the summary provided.