Quick charity verification for The Academy Of Coastal Carolina Inc (EIN: 204754442)
Verdict: The Academy Of Coastal Carolina Inc appears trustworthy
88/100Mission Score
$820KRevenue
$398KAssets
1Red Flags
5Strengths
Red Flags
2023 liabilities ($404) exceeded assets ($348,946) in that specific period, indicating a potential short-term liquidity issue.
Strengths
Consistent revenue growth, from $303,561 in 2014 to $719,028 in 2023.
Zero officer compensation reported across all filing periods, indicating high efficiency in directing funds to mission.
Generally positive net income (revenue exceeding expenses) in most recent years, such as $52,291 surplus in 2023.
Steady growth in assets, reaching $348,946 in 2023.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
Spending Breakdown
How The Academy Of Coastal 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 The Academy Of Coastal Carolina Inc
Is The Academy Of Coastal Carolina Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Academy Of Coastal Carolina Inc (EIN: 204754442) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is The Academy Of Coastal Carolina Inc a good charity to donate to?
The Academy Of Coastal Carolina Inc has a Mission Score of 88/100. Revenue: $820K. Assets: $398K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for The Academy Of Coastal Carolina Inc?
The Employer Identification Number (EIN) for The Academy Of Coastal Carolina Inc is 204754442. 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 The Academy Of Coastal Carolina Inc spend its money?
The Academy Of Coastal Carolina Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify The Academy Of Coastal Carolina Inc's tax-exempt status?
You can verify The Academy Of Coastal Carolina Inc's tax-exempt status using EIN 204754442 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
The Academy Of Coastal Carolina Inc demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years, indicating operational stability. For instance, in fiscal year 2023, revenue was $719,028 against expenses of $666,737, resulting in a surplus. The organization's assets have shown steady growth, reaching $348,946 in 2023, up from $297,533 in 2022, suggesting prudent financial management and accumulation of resources. However, the liabilities in 2023 were $404, which is higher than assets, indicating a potential short-term liquidity concern if not managed carefully.
Spending efficiency appears strong, as the organization consistently reports 0% officer compensation, suggesting that resources are primarily directed towards its mission rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the overall financial health appears stable with a positive trend in net assets over time. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to transparency.
Overall, The Academy Of Coastal Carolina Inc appears to be a financially stable organization with a good track record of managing its funds. The absence of officer compensation is a significant positive indicator of its dedication to its mission. Continued monitoring of the asset-to-liability ratio would be beneficial to ensure long-term financial resilience.