Archimedean Academy Inc
Archimedean Academy Inc shows strong financial growth and zero reported officer compensation.
EIN: 20607904 · Miami, FL · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.1M |
| Total Expenses | $15.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $17.5M |
| Net Assets | $5.4M |
| Transparency Score | 92/100 |
Is Archimedean Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Archimedean Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Archimedean Academy Inc
Archimedean Academy Inc (EIN: 20607904) is a nonprofit organization based in Miami, FL, classified under NTEE code B29. The organization reported total revenue of $17.1M and total assets of $22.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Archimedean Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Archimedean Academy Inc is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.6M |
| Total Expenses | $15.8M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $23.6M |
| Total Liabilities | $18.2M |
| Net Assets | $5.4M |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 77.0% |
| Months of Reserves | 17.9 months |
Financial Health Grade: A
In 2023, Archimedean Academy Inc reported a surplus of $1.8M with revenue exceeding expenses, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 77.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Archimedean Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.0% | +15.0% | +4.4% |
| 2022 | +1.5% | +10.3% | +0.3% |
| 2021 | +10.6% | -1.2% | +338.4% |
| 2020 | -1.0% | -0.4% | +32.8% |
| 2019 | +1.1% | +10.1% | -10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Archimedean Academy Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Archimedean Academy Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 77.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a volunteer-led executive structure or compensation being covered by an affiliated entity, which is highly unusual for an organization of this size ($17.5M revenue) and could be a positive for program spending efficiency or a point for further inquiry regarding how leadership is compensated.
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 Archimedean Academy Inc's IRS 990 filings:
- Significant increase in liabilities from $893,787 in 2019 to $18,154,989 in 2023, which, while covered by assets, warrants further investigation.
- Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is handled by a related entity or through other means not transparently reported as officer compensation.
Strengths
The following positive indicators were identified for Archimedean Academy Inc:
- Consistent revenue growth, from $9.4M in 2014 to $17.5M in 2023.
- Healthy financial surpluses in most recent periods, indicating sound financial management.
- Significant asset growth, demonstrating increased capacity and financial stability.
- Zero reported officer compensation, suggesting a strong commitment to directing funds towards program services.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Archimedean Academy Inc
Is Archimedean Academy Inc a legitimate charity?
Archimedean Academy Inc (EIN: 20607904) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $17.1M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Archimedean Academy Inc spend its money?
Archimedean Academy Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Archimedean Academy Inc tax-deductible?
Archimedean Academy Inc is registered as a tax-exempt nonprofit (EIN: 20607904). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Archimedean Academy Inc CEO make?
Archimedean Academy Inc's highest-compensated officer earns $17.5M annually. The organization reported $17.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Archimedean Academy Inc's spending goes to programs?
Archimedean Academy Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Archimedean Academy Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Archimedean 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 Archimedean Academy Inc located?
Archimedean Academy Inc is headquartered in Miami, Florida and files with the IRS under EIN 20607904. It is classified under NTEE code B29.
How many years of IRS 990 filings does Archimedean Academy Inc have?
Archimedean Academy Inc has 13 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 $17.1M in total revenue.
How does Archimedean Academy Inc manage to operate with 0% reported officer compensation?
The filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, or that compensation is provided by a related organization not directly reported on this 990, or that the individuals serving as officers are not compensated for their officer roles but may receive salaries in other capacities (e.g., as teachers or administrators) not classified as 'officer compensation' on the 990.
What is the primary driver of Archimedean Academy Inc's significant asset growth?
Assets have grown from $3.8M in 2019 to $23.5M in 2023. This substantial increase is likely driven by consistent revenue surpluses over expenses, as seen in periods like 202306 ($1.7M surplus) and 202106 ($1.0M surplus), potentially coupled with capital investments in facilities or endowments, which is common for educational institutions.
What is the organization's long-term strategy for managing its liabilities?
Liabilities have also increased significantly, from $893,787 in 2019 to $18,154,989 in 2023. While assets have grown more, the substantial increase in liabilities warrants further investigation to understand if it's due to long-term debt for capital projects (e.g., new buildings) or other financial obligations.
Filing History
IRS 990 filing history for Archimedean Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Archimedean Academy Inc's revenue has grown by 172.5%, moving from $6.4M to $17.6M. Total assets increased by 1059.3% over the same period, from $2.0M to $23.6M. Total functional expenses rose by 146.8%, from $6.4M to $15.8M. In its most recent filing year (2023), Archimedean Academy Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $18.2M in liabilities against $23.6M in assets (debt-to-asset ratio: 77.0%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.6M | $15.8M | $23.6M | $18.2M | — | View 990 |
| 2022 | $13.7M | $13.7M | $22.6M | $18.9M | — | View 990 |
| 2021 | $13.5M | $12.5M | $22.5M | $18.9M | — | View 990 |
| 2020 | $12.2M | $12.6M | $5.1M | $2.5M | — | View 990 |
| 2019 | $12.3M | $12.7M | $3.9M | $894K | — | View 990 |
| 2018 | $12.2M | $11.5M | $4.3M | $1.0M | — | View 990 |
| 2017 | $11.0M | $10.2M | $3.8M | $1.2M | — | View 990 |
| 2016 | $10.3M | $10.0M | $3.4M | $1.6M | — | View 990 |
| 2015 | $10.0M | $9.7M | $2.9M | $1.5M | — | View 990 |
| 2014 | $9.4M | $9.0M | $2.7M | $1.5M | — | View 990 |
| 2013 | $8.4M | $8.5M | $2.1M | $1.4M | — | View 990 |
| 2012 | $7.4M | $7.4M | $2.5M | $1.7M | — | View 990 |
| 2011 | $6.4M | $6.4M | $2.0M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.6M, expenses of $15.8M, and assets of $23.6M (revenue +28.0% year-over-year).
- 2022: Revenue of $13.7M, expenses of $13.7M, and assets of $22.6M (revenue +1.5% year-over-year).
- 2021: Revenue of $13.5M, expenses of $12.5M, and assets of $22.5M (revenue +10.6% year-over-year).
- 2020: Revenue of $12.2M, expenses of $12.6M, and assets of $5.1M (revenue -1.0% year-over-year).
- 2019: Revenue of $12.3M, expenses of $12.7M, and assets of $3.9M (revenue +1.1% year-over-year).
- 2018: Revenue of $12.2M, expenses of $11.5M, and assets of $4.3M (revenue +11.0% year-over-year).
- 2017: Revenue of $11.0M, expenses of $10.2M, and assets of $3.8M (revenue +6.5% year-over-year).
- 2016: Revenue of $10.3M, expenses of $10.0M, and assets of $3.4M (revenue +3.2% year-over-year).
- 2015: Revenue of $10.0M, expenses of $9.7M, and assets of $2.9M (revenue +6.2% year-over-year).
- 2014: Revenue of $9.4M, expenses of $9.0M, and assets of $2.7M (revenue +11.9% year-over-year).
- 2013: Revenue of $8.4M, expenses of $8.5M, and assets of $2.1M (revenue +13.9% year-over-year).
- 2012: Revenue of $7.4M, expenses of $7.4M, and assets of $2.5M (revenue +14.7% year-over-year).
- 2011: Revenue of $6.4M, expenses of $6.4M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Archimedean Academy Inc:
Data Sources and Methodology
This transparency report for Archimedean 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.