Is The Kwame Nkrumah Academy Inc Legit? —…

Quick charity verification for The Kwame Nkrumah Academy Inc (EIN: 113820444)

Spending Breakdown

How The Kwame Nkrumah Academy Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Kwame Nkrumah Academy Inc

Is The Kwame Nkrumah Academy Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The Kwame Nkrumah Academy Inc (EIN: 113820444) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.

Is The Kwame Nkrumah Academy Inc a good charity to donate to?

The Kwame Nkrumah Academy Inc has a Mission Score of 60/100. Revenue: $2.0M. Assets: $2.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Kwame Nkrumah Academy Inc?

The Employer Identification Number (EIN) for The Kwame Nkrumah Academy Inc is 113820444. 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 Kwame Nkrumah Academy Inc spend its money?

The Kwame Nkrumah Academy Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Kwame Nkrumah Academy Inc's tax-exempt status?

You can verify The Kwame Nkrumah Academy Inc's tax-exempt status using EIN 113820444 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 Kwame Nkrumah Academy Inc. demonstrates a fluctuating financial performance over the past several years. While the organization reported over $2 million in revenue in its latest filing (201806), it also incurred expenses exceeding revenue, leading to a net deficit of $17,385. This trend of expenses often outpacing revenue is visible in several prior periods, such as 201606 and 201406, suggesting potential challenges in consistent financial management or reliance on reserves. The organization's assets have grown significantly from $607,066 in 201106 to $2,903,861 in 201806, but liabilities have also increased substantially, reaching $3,062,076 in 201806, exceeding assets and indicating a negative net asset position.

Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a potential lack of transparency regarding executive pay, or that officers are unpaid volunteers, which would be a positive indicator for efficiency. Without a breakdown of program, administrative, and fundraising expenses, it's challenging to determine how effectively funds are being allocated to its mission.

In terms of transparency, the consistent filing of IRS Form 990s is a positive sign. However, the absence of reported officer compensation, despite significant revenue and expenses, raises questions about how leadership is compensated or if this information is simply not captured in the provided summary. A more detailed look at the full 990 forms would be necessary to fully evaluate spending efficiency and compensation practices.

Is The Kwame Nkrumah Academy Inc Legit?

Verdict: The Kwame Nkrumah Academy Inc shows mixed signals

Red Flags

Strengths