Amana Academy Inc
Amana Academy Inc. shows consistent revenue growth but maintains a negative net asset position.
EIN: 161675588 · Alpharetta, GA · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.1M |
| Total Expenses | $14.2M |
| Program Spending | 85% |
| Net Assets | $-1,112,442 |
| Transparency Score | 75/100 |
Is Amana Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amana Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amana Academy Inc
Amana Academy Inc (EIN: 161675588) is a nonprofit organization based in Alpharetta, GA, classified under NTEE code B29. The organization reported total revenue of $15.1M and total assets of $19.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amana Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amana Academy Inc is a large nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.8M |
| Total Expenses | $14.2M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $20.0M |
| Total Liabilities | $21.1M |
| Net Assets | $-1,112,442 |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 105.6% |
| Months of Reserves | 16.9 months |
Financial Health Grade: A
In 2023, Amana Academy Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 105.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Amana Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.3% | +55.8% | +39.3% |
| 2022 | +2.2% | -13.4% | +10.5% |
| 2021 | +3.5% | +18.8% | -5.7% |
| 2020 | +15.4% | +14.9% | +24.7% |
| 2019 | +4.6% | +5.8% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Amana Academy Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Amana Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 105.6%.
Executive Compensation Analysis
The IRS 990 filings for Amana Academy Inc. consistently report 0% officer compensation across all periods, suggesting either a volunteer leadership model or that executive compensation is categorized differently, which limits direct analysis of executive pay relative to the organization's growing size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Amana Academy Inc's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a negative net asset position (e.g., $21,080,146 liabilities vs. $19,967,704 assets in 2023).
- Consistent reporting of 0% officer compensation, which may obscure executive pay practices or indicate a reliance on volunteer leadership for an organization of this scale.
Strengths
The following positive indicators were identified for Amana Academy Inc:
- Consistent and significant revenue growth over the past decade, from $5.45M in 2014 to $15.82M in 2023.
- Generally positive net income, with revenues exceeding expenses in most recent years (e.g., $15.82M revenue vs. $14.21M expenses in 2023).
- Steady growth in assets, indicating increasing capacity and resources for its mission (from $9.37M in 2014 to $19.97M in 2023).
Frequently Asked Questions about Amana Academy Inc
Is Amana Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Amana Academy Inc (EIN: 161675588) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Amana Academy Inc spend its money?
Amana Academy Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Amana Academy Inc tax-deductible?
Amana Academy Inc is registered as a tax-exempt nonprofit (EIN: 161675588). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Amana Academy Inc's spending goes to programs?
Amana Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Amana Academy Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Amana Academy Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Amana Academy Inc located?
Amana Academy Inc is headquartered in Alpharetta, Georgia and files with the IRS under EIN 161675588. It is classified under NTEE code B29.
How many years of IRS 990 filings does Amana Academy Inc have?
Amana Academy Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $15.1M in total revenue.
Why do liabilities consistently exceed assets for Amana Academy Inc.?
The filings show that liabilities have consistently been higher than assets, for example, $21,080,146 in liabilities versus $19,967,704 in assets in 2023. This could be due to specific financing structures common in charter schools, such as bond financing for facilities, or other long-term debt obligations. Further investigation into the balance sheet details would be necessary to understand the nature of these liabilities.
Is the 0% officer compensation accurate, or is it reported elsewhere?
The consistent reporting of 0% officer compensation across all 12 filings is unusual for an organization of this size and growth. It's possible that key leadership roles are volunteer-based, or that compensation for executives is reported under other expense categories (e.g., salaries and wages for all employees) rather than specifically as officer compensation, which would reduce transparency in this area.
What is the detailed functional expense breakdown for Amana Academy Inc.?
The provided summary data does not include a detailed functional expense breakdown (program, administrative, fundraising). While an estimated breakdown was provided, the actual percentages from the IRS 990 would offer a clearer picture of how efficiently the organization allocates its resources towards its mission versus overhead.
Filing History
IRS 990 filing history for Amana Academy Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Amana Academy Inc's revenue has grown by 233.1%, moving from $4.7M to $15.8M. Total assets increased by 2502.8% over the same period, from $767K to $20.0M. Total functional expenses rose by 199.3%, from $4.7M to $14.2M. In its most recent filing year (2023), Amana Academy Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $21.1M in liabilities against $20.0M in assets (debt-to-asset ratio: 105.6%), resulting in net assets of $-1,112,442.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.8M | $14.2M | $20.0M | $21.1M | — | View 990 |
| 2022 | $9.9M | $9.1M | $14.3M | $17.1M | — | View 990 |
| 2021 | $9.7M | $10.5M | $13.0M | $16.5M | — | View 990 |
| 2020 | $9.4M | $8.9M | $13.7M | $16.5M | — | View 990 |
| 2019 | $8.1M | $7.7M | $11.0M | $14.3M | — | View 990 |
| 2018 | $7.8M | $7.3M | $10.4M | $14.1M | — | View 990 |
| 2017 | $6.6M | $6.8M | $10.7M | $14.9M | — | View 990 |
| 2016 | $6.5M | $6.8M | $9.4M | $9.4M | — | View 990 |
| 2015 | $5.6M | $5.8M | $9.2M | $8.9M | — | View 990 |
| 2014 | $5.5M | $5.7M | $9.4M | $8.9M | — | View 990 |
| 2013 | $5.4M | $5.2M | $9.6M | $8.8M | — | View 990 |
| 2012 | $4.7M | $4.7M | $767K | $143K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.8M, expenses of $14.2M, and assets of $20.0M (revenue +59.3% year-over-year).
- 2022: Revenue of $9.9M, expenses of $9.1M, and assets of $14.3M (revenue +2.2% year-over-year).
- 2021: Revenue of $9.7M, expenses of $10.5M, and assets of $13.0M (revenue +3.5% year-over-year).
- 2020: Revenue of $9.4M, expenses of $8.9M, and assets of $13.7M (revenue +15.4% year-over-year).
- 2019: Revenue of $8.1M, expenses of $7.7M, and assets of $11.0M (revenue +4.6% year-over-year).
- 2018: Revenue of $7.8M, expenses of $7.3M, and assets of $10.4M (revenue +17.0% year-over-year).
- 2017: Revenue of $6.6M, expenses of $6.8M, and assets of $10.7M (revenue +2.4% year-over-year).
- 2016: Revenue of $6.5M, expenses of $6.8M, and assets of $9.4M (revenue +16.8% year-over-year).
- 2015: Revenue of $5.6M, expenses of $5.8M, and assets of $9.2M (revenue +1.9% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.7M, and assets of $9.4M (revenue +1.2% year-over-year).
- 2013: Revenue of $5.4M, expenses of $5.2M, and assets of $9.6M (revenue +13.5% year-over-year).
- 2012: Revenue of $4.7M, expenses of $4.7M, and assets of $767K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amana Academy Inc:
Data Sources and Methodology
This transparency report for Amana 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.