Is Springfield Preparatory And Fitness Academy Legit?
Quick charity verification for Springfield Preparatory And Fitness Academy (EIN: 201035429)
Verdict: Springfield Preparatory And Fitness Academy appears trustworthy
85/100Mission Score
$2.6MRevenue
$36KAssets
2Red Flags
4Strengths
Red Flags
Minimal asset accumulation relative to revenue, potentially indicating limited financial reserves for unforeseen circumstances.
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
Consistent financial stability with revenues closely matching expenses across multiple years, indicating sound budget management.
No reported officer compensation across all filings, suggesting highly efficient use of funds or a volunteer-led executive team.
Regular and consistent IRS 990 filing history (12 filings), demonstrating good transparency and compliance.
Significant revenue growth from $1.7 million in 202106 to $2.6 million in 202306, indicating expanding operations or increased support.
Spending Breakdown
How Springfield Preparatory And Fitness Academy 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 Springfield Preparatory And Fitness Academy
Is Springfield Preparatory And Fitness Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Springfield Preparatory And Fitness Academy (EIN: 201035429) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Springfield Preparatory And Fitness Academy a good charity to donate to?
Springfield Preparatory And Fitness Academy has a Mission Score of 85/100. Revenue: $2.6M. Assets: $36K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Springfield Preparatory And Fitness Academy?
The Employer Identification Number (EIN) for Springfield Preparatory And Fitness Academy is 201035429. 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 Springfield Preparatory And Fitness Academy spend its money?
Springfield Preparatory And Fitness Academy allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Springfield Preparatory And Fitness Academy's tax-exempt status?
You can verify Springfield Preparatory And Fitness Academy's tax-exempt status using EIN 201035429 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
Springfield Preparatory And Fitness Academy demonstrates consistent financial activity with revenues and expenses closely matched across its filing history, indicating a balanced budget approach. For example, in 202306, both revenue and expenses were $2,640,461. The organization's assets are relatively low compared to its annual revenue, with the latest assets at $36,358 against $2,599,312 in latest revenue, suggesting a lean operational model with minimal reserves. This could imply a focus on immediate program delivery rather than accumulating significant endowments.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s over 12 periods. A notable aspect is the reported 0% officer compensation across all available filings, which is a strong indicator of either a volunteer-led executive team or compensation being reported under different categories not captured by 'Officer Comp' on the summary. If truly volunteer-led, this significantly enhances its spending efficiency from an administrative overhead perspective. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), a precise assessment of spending efficiency is challenging.
Given the NTEE code B29 (Elementary & Secondary Education), the organization's mission likely involves direct educational services. The consistent matching of revenue and expenses, along with low asset accumulation, suggests that funds are primarily directed towards current operations. The absence of reported officer compensation, if accurate, points to a highly efficient use of funds for its stated mission, although further detail on other administrative costs would provide a more complete picture of overall efficiency.