Quick charity verification for Toledo Preparatory And Fitness Academy (EIN: 202756494)
Verdict: Toledo Preparatory And Fitness Academy appears trustworthy
85/100Mission Score
$4.6MRevenue
$192KAssets
1Red Flags
3Strengths
Red Flags
Low asset base relative to annual revenue, indicating limited reserves and potential vulnerability to financial shocks.
Strengths
Consistent 0% officer compensation across all filings, demonstrating high efficiency in executive pay.
Steady revenue growth over the past decade, indicating increasing operational scale and impact.
Consistent break-even operations, suggesting sound financial management in meeting expenses with revenue.
Spending Breakdown
How Toledo Preparatory And Fitness Academy allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Toledo Preparatory And Fitness Academy
Is Toledo Preparatory And Fitness Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Toledo Preparatory And Fitness Academy (EIN: 202756494) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
Is Toledo Preparatory And Fitness Academy a good charity to donate to?
Toledo Preparatory And Fitness Academy has a Mission Score of 85/100. Revenue: $4.6M. Assets: $192K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Toledo Preparatory And Fitness Academy?
The Employer Identification Number (EIN) for Toledo Preparatory And Fitness Academy is 202756494. 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 Toledo Preparatory And Fitness Academy spend its money?
Toledo Preparatory And Fitness Academy allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Toledo Preparatory And Fitness Academy's tax-exempt status?
You can verify Toledo Preparatory And Fitness Academy's tax-exempt status using EIN 202756494 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
Toledo Preparatory And Fitness Academy demonstrates a consistent operational pattern where expenses closely match revenue, as seen in the 202306 period with revenue and expenses both at $3,748,811. This indicates a break-even operational model, common for public charter schools. The organization's assets have fluctuated, reaching a high of $367,255 in 202306, but remain relatively modest compared to its annual revenue of $4,634,195. This suggests limited reserves and a reliance on continuous funding.
The organization's financial health appears stable in terms of meeting its obligations, but the low asset base relative to revenue could indicate vulnerability to unexpected financial shocks. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. However, without a detailed breakdown of expenses beyond the top-line revenue and expense figures, it's challenging to fully assess spending efficiency across program, administrative, and fundraising categories.
Transparency is generally good given the consistent filing of IRS Form 990s over nine periods. The absence of reported officer compensation enhances trust. However, a more granular breakdown of expenses within the 990s would further improve transparency, allowing for a clearer understanding of how the $4,634,195 in latest revenue is allocated.