Academy Of Sleep And Wellness
EIN: 814354615 · Newark, DE · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $14K |
| Total Expenses | $80K |
| Net Assets | $-161,809 |
Is Academy Of Sleep And Wellness Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Academy Of Sleep And Wellness
Academy Of Sleep And Wellness (EIN: 814354615) is a nonprofit organization based in Newark, DE, classified under NTEE code B90. The organization reported total revenue of $14K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Academy Of Sleep And Wellness's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Academy Of Sleep And Wellness is a micro nonprofit that has been operating for 10 years, with 3 years of IRS 990 filings on record (2017–2019). Revenue has grown at a compound annual rate of -61.7%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $80K |
| Surplus / Deficit | $-65,498 |
| Total Assets | $25K |
| Total Liabilities | $187K |
| Net Assets | $-161,809 |
| Operating Margin | -466.8% |
| Debt-to-Asset Ratio | 737.6% |
| Months of Reserves | 3.8 months |
Financial Health Grade: C
In 2019, Academy Of Sleep And Wellness reported a deficit of $65K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 737.6% (high leverage).
Financial Trends
Over 3 years of filings (2017–2019), Academy Of Sleep And Wellness's revenue has declined at a compound annual growth rate (CAGR) of -61.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -73.8% | -39.3% | -30.4% |
| 2018 | -43.9% | +11.1% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Academy Of Sleep And Wellness has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Academy Of Sleep And Wellness with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $65K, with expenses exceeding revenue.
- Debt-to-asset ratio: 737.6%.
Frequently Asked Questions about Academy Of Sleep And Wellness
Is Academy Of Sleep And Wellness a legitimate charity?
Academy Of Sleep And Wellness (EIN: 814354615) is a registered tax-exempt nonprofit based in Delaware. It has 3 years of IRS 990 filings on record. Total revenue: $14K. No red flags identified. Financial health grade: C.
How does Academy Of Sleep And Wellness spend its money?
Academy Of Sleep And Wellness reported $14K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Academy Of Sleep And Wellness tax-deductible?
Academy Of Sleep And Wellness is registered as a tax-exempt nonprofit (EIN: 814354615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Academy Of Sleep And Wellness located?
Academy Of Sleep And Wellness is headquartered in Newark, Delaware and files with the IRS under EIN 814354615. It is classified under NTEE code B90.
How many years of IRS 990 filings does Academy Of Sleep And Wellness have?
Academy Of Sleep And Wellness has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $14K in total revenue.
Filing History
IRS 990 filing history for Academy Of Sleep And Wellness showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2017–2019), Academy Of Sleep And Wellness's revenue has declined by 85.3%, moving from $95K to $14K. Total assets decreased by 25% over the same period, from $34K to $25K. Total functional expenses fell by 32.6%, from $118K to $80K. In its most recent filing year (2019), Academy Of Sleep And Wellness reported a deficit of $65K, with expenses exceeding revenue. The organization holds $187K in liabilities against $25K in assets (debt-to-asset ratio: 737.6%), resulting in net assets of $-161,809.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $14K | $80K | $25K | $187K | — | View 990 |
| 2018 | $54K | $131K | $36K | $133K | — | View 990 |
| 2017 | $95K | $118K | $34K | $56K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $14K, expenses of $80K, and assets of $25K (revenue -73.8% year-over-year).
- 2018: Revenue of $54K, expenses of $131K, and assets of $36K (revenue -43.9% year-over-year).
- 2017: Revenue of $95K, expenses of $118K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Academy Of Sleep And Wellness:
Data Sources and Methodology
This transparency report for Academy Of Sleep And Wellness is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.