Adolesco Preparatory Academy Inc
EIN: 843794970 · Tickfaw, LA · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $426K |
| Total Expenses | $331K |
| Net Assets | $122K |
Is Adolesco Preparatory Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Adolesco Preparatory Academy Inc
Adolesco Preparatory Academy Inc (EIN: 843794970) is a nonprofit organization based in Tickfaw, LA, classified under NTEE code B20. The organization reported total revenue of $426K and total assets of $191K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adolesco Preparatory Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adolesco Preparatory Academy Inc is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 50.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $360K |
| Total Expenses | $331K |
| Surplus / Deficit | +$30K |
| Total Assets | $127K |
| Total Liabilities | $4K |
| Net Assets | $122K |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 4.6 months |
Financial Health Grade: A
In 2023, Adolesco Preparatory Academy Inc reported a surplus of $30K with revenue exceeding expenses, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Adolesco Preparatory Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 50.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +49.5% | +41.3% | +34.1% |
| 2022 | +34.6% | +51.5% | +51.6% |
| 2021 | +70.4% | +109.2% | +88.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Adolesco Preparatory Academy Inc 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 Adolesco Preparatory Academy Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Frequently Asked Questions about Adolesco Preparatory Academy Inc
Is Adolesco Preparatory Academy Inc a legitimate charity?
Adolesco Preparatory Academy Inc (EIN: 843794970) is a registered tax-exempt nonprofit based in Louisiana. It has 4 years of IRS 990 filings on record. Total revenue: $426K. No red flags identified. Financial health grade: A.
How does Adolesco Preparatory Academy Inc spend its money?
Adolesco Preparatory Academy Inc reported $426K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Adolesco Preparatory Academy Inc tax-deductible?
Adolesco Preparatory Academy Inc is registered as a tax-exempt nonprofit (EIN: 843794970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Adolesco Preparatory Academy Inc located?
Adolesco Preparatory Academy Inc is headquartered in Tickfaw, Louisiana and files with the IRS under EIN 843794970. It is classified under NTEE code B20.
How many years of IRS 990 filings does Adolesco Preparatory Academy Inc have?
Adolesco Preparatory Academy Inc has 4 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 $426K in total revenue.
Filing History
IRS 990 filing history for Adolesco Preparatory Academy Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Adolesco Preparatory Academy Inc's revenue has grown by 242.7%, moving from $105K to $360K. Total assets increased by 283.1% over the same period, from $33K to $127K. Total functional expenses rose by 348.1%, from $74K to $331K. In its most recent filing year (2023), Adolesco Preparatory Academy Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $4K in liabilities against $127K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $360K | $331K | $127K | $4K | — | View 990 |
| 2022 | $241K | $234K | $94K | $2K | — | — |
| 2021 | $179K | $154K | $62K | $6K | — | View 990 |
| 2020 | $105K | $74K | $33K | $2K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $360K, expenses of $331K, and assets of $127K (revenue +49.5% year-over-year).
- 2022: Revenue of $241K, expenses of $234K, and assets of $94K (revenue +34.6% year-over-year).
- 2021: Revenue of $179K, expenses of $154K, and assets of $62K (revenue +70.4% year-over-year).
- 2020: Revenue of $105K, expenses of $74K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adolesco Preparatory Academy Inc:
Data Sources and Methodology
This transparency report for Adolesco Preparatory Academy Inc 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.