Quick charity verification for Success Academy Charter Schools Inc (EIN: 205298861)
Verdict: Success Academy Charter Schools Inc appears trustworthy
90/100Mission Score
$236.9MRevenue
$527.3MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent and substantial revenue growth, from $42.4M in 2014 to $143.8M in 2023.
Strong asset accumulation, with assets growing from $45.2M in 2014 to $362.6M in 2023.
Reported 0% officer compensation across all filings, indicating high transparency in this area.
Expenses generally kept below revenue, allowing for healthy net asset growth.
Consistent IRS 990 filing history (13 filings), demonstrating good compliance and transparency.
Spending Breakdown
How Success Academy Charter Schools 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 Success Academy Charter Schools Inc
Is Success Academy Charter Schools Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Success Academy Charter Schools Inc (EIN: 205298861) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Success Academy Charter Schools Inc a good charity to donate to?
Success Academy Charter Schools Inc has a Mission Score of 90/100. Revenue: $236.9M. Assets: $527.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Success Academy Charter Schools Inc?
The Employer Identification Number (EIN) for Success Academy Charter Schools Inc is 205298861. 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 Success Academy Charter Schools Inc spend its money?
Success Academy Charter Schools Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Success Academy Charter Schools Inc's tax-exempt status?
You can verify Success Academy Charter Schools Inc's tax-exempt status using EIN 205298861 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
Success Academy Charter Schools Inc. demonstrates strong financial growth and a healthy asset base. Over the past decade, revenue has increased significantly from $42.4 million in 2014 to $143.8 million in 2023, with a peak of $188.9 million in 2022. The organization consistently maintains a positive net asset position, with assets growing from $45.2 million in 2014 to $362.6 million in 2023. This indicates effective financial management and an ability to build reserves.
Spending efficiency appears robust, as expenses generally remain below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $123.0 million against $143.8 million in revenue. The organization's NTEE code B990 (Elementary & Secondary Education) suggests a clear program focus. While specific program, administrative, and fundraising spending ratios are not detailed in the provided data, the overall financial health points to a well-managed operation.
Transparency regarding executive compensation is high, with 0% reported for officer compensation across all available filings. This suggests that the organization's leadership may be compensated through other means or that the top officers are not directly compensated, which is a positive indicator for donor confidence. The consistent filing history further enhances transparency.