Is Saints Peter And Paul Academy Legit?

Saints Peter And Paul Academy demonstrates a generally stable financial position with consistent revenue growth over the past decade, culminating in $874,546 in revenue and $755,329 in expenses in the latest 202406 filing period. The organization has maintained positive net assets, growing from $498,059 in 2016 to $861,019 in 2024, indicating sound financial management and accumulation of resources. Liabilities have remained relatively low and manageable, peaking at $108,215 in 2015 and significantly decreasing to $34,326 in 2024. The academy's spending efficiency appears strong, as evidenced by its consistent operational surpluses in most years, particularly in the latest period where revenue exceeded expenses by over $100,000. A notable strength is the reported 0% officer compensation across all available filings, suggesting that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to lower administrative overhead. This practice, if sustained, allows a greater proportion of funds to be directed towards its educational mission. In terms of transparency, the consistent filing of IRS Form 990s over 14 periods is a positive indicator. The absence of reported officer compensation simplifies the analysis of executive pay, though a deeper understanding of how leadership is supported would require further inquiry. Overall, the financial data suggests a well-managed organization with a clear focus on its mission, supported by prudent financial practices and a commitment to minimizing administrative costs.