Athenian Academy Of Technology And The Arts Incorporated

Athenian Academy shows consistent revenue and asset growth with no reported officer compensation.

EIN: 204983529 · New Prt Rchy, FL · NTEE: B29 · Updated: 2026-03-28

$4.5MRevenue

$4.1MAssets

88/100Mission Score (Excellent)

B29

About Athenian Academy Of Technology And The Arts Incorporated

Athenian Academy Of Technology And The Arts Incorporated (EIN: 204983529) is a nonprofit organization based in New Prt Rchy, FL, classified under NTEE code B29. The organization reported total revenue of $4.5M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Athenian Academy Of Technology And The Arts Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Athenian Academy Of Technology And The Arts Incorporated demonstrates consistent financial operations, with revenues generally exceeding or closely matching expenses over the past decade. The organization's assets have shown significant growth, particularly between 2019 and 2020, jumping from $812,239 to $3,544,417, indicating substantial investment or asset acquisition. While the latest filing (Period 202306) shows expenses of $3,907,162 slightly exceeding revenue of $3,628,713, this is a minor deficit in the context of its overall financial stability and growing asset base of $3,803,855. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its financial efficiency and transparency profile.

The organization's spending efficiency appears strong, with a significant portion of its expenses likely dedicated to program services, given its educational NTEE code (B29) and the absence of reported officer compensation. The growth in assets, from $702,456 in 2017 to $4,141,002 currently, suggests effective financial management and capacity building. The consistent filing of IRS Form 990s over 12 periods indicates a commitment to regulatory compliance and financial transparency, allowing stakeholders to track its financial performance over time. Overall, the academy appears to be a financially stable and transparent organization, effectively managing its resources to support its educational mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Athenian Academy Of Technology And The Arts Incorporated with a Mission Score of 88 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, Athenian Academy Of Technology And The Arts Incorporated 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization of this size with revenues exceeding $3 million annually.

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 Athenian Academy Of Technology And The Arts Incorporated's IRS 990 filings:

Latest filing (202306) shows expenses ($3,907,162) exceeding revenue ($3,628,713) by $278,449, indicating a deficit for that period.

Strengths

The following positive indicators were identified for Athenian Academy Of Technology And The Arts Incorporated:

Consistent revenue generation, with latest revenue at $4,474,295.
Significant asset growth, from $702,456 in 2017 to $4,141,002 currently.
0% officer compensation reported across all filings, indicating high efficiency in directing funds to mission.
Consistent filing of IRS Form 990s over 12 periods, demonstrating transparency and compliance.
Strong program focus implied by educational NTEE code and lack of executive compensation.

Frequently Asked Questions about Athenian Academy Of Technology And The Arts Incorporated

Is Athenian Academy Of Technology And The Arts Incorporated a good charity?

Based on its financial data, the academy appears to be a well-managed organization. It consistently generates substantial revenue, has growing assets (from $702,456 in 2017 to $4,141,002 currently), and reports 0% officer compensation, suggesting a strong focus on its mission.

How has the organization's financial health changed over time?

The organization has shown significant financial growth and stability. Revenue has steadily increased from $2,446,396 in 2017 to $3,628,713 in 2023, and assets have dramatically increased from $702,456 in 2017 to $3,803,855 in 2023, indicating strong financial management and capacity building.

What is the significance of 0% officer compensation?

The consistent reporting of 0% officer compensation across all filings is a notable strength, indicating that the organization's leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, allowing more funds to be directed towards its programs.

Filing History

IRS 990 filing history for Athenian Academy Of Technology And The Arts Incorporated showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Athenian Academy Of Technology And The Arts Incorporated's revenue has grown by 69.4%, moving from $2.1M to $3.6M. Total assets increased by 535.8% over the same period, from $598K to $3.8M. Total functional expenses rose by 85.6%, from $2.1M to $3.9M. In its most recent filing year (2023), Athenian Academy Of Technology And The Arts Incorporated reported a deficit of $278K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $3.8M in assets (debt-to-asset ratio: 64.9%), resulting in net assets of $1.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.6M	$3.9M	$3.8M	$2.5M	—	—
2022	$3.4M	$3.3M	$4.1M	$2.5M	—	View 990
2021	$3.7M	$3.0M	$4.0M	$2.5M	—	View 990
2020	$3.1M	$3.0M	$3.5M	$2.8M	—	View 990
2019	$3.0M	$2.9M	$812K	$158K	—	View 990
2018	$2.6M	$2.5M	$786K	$206K	—	View 990
2017	$2.4M	$2.5M	$702K	$227K	—	View 990
2016	$2.6M	$2.6M	$769K	$248K	—	View 990
2015	$2.7M	$2.6M	$739K	$180K	—	View 990
2014	$2.8M	$2.7M	$758K	$272K	—	View 990
2013	$2.6M	$2.5M	$645K	$214K	—	View 990
2012	$2.1M	$2.1M	$598K	$248K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.6M, expenses of $3.9M, and assets of $3.8M (revenue +6.0% year-over-year).
2022: Revenue of $3.4M, expenses of $3.3M, and assets of $4.1M (revenue -7.1% year-over-year).
2021: Revenue of $3.7M, expenses of $3.0M, and assets of $4.0M (revenue +18.6% year-over-year).
2020: Revenue of $3.1M, expenses of $3.0M, and assets of $3.5M (revenue +4.0% year-over-year).
2019: Revenue of $3.0M, expenses of $2.9M, and assets of $812K (revenue +14.0% year-over-year).
2018: Revenue of $2.6M, expenses of $2.5M, and assets of $786K (revenue +7.2% year-over-year).
2017: Revenue of $2.4M, expenses of $2.5M, and assets of $702K (revenue -5.3% year-over-year).
2016: Revenue of $2.6M, expenses of $2.6M, and assets of $769K (revenue -3.1% year-over-year).
2015: Revenue of $2.7M, expenses of $2.6M, and assets of $739K (revenue -4.2% year-over-year).
2014: Revenue of $2.8M, expenses of $2.7M, and assets of $758K (revenue +8.6% year-over-year).
2013: Revenue of $2.6M, expenses of $2.5M, and assets of $645K (revenue +19.6% year-over-year).
2012: Revenue of $2.1M, expenses of $2.1M, and assets of $598K.

Data Sources and Methodology

This transparency report for Athenian Academy Of Technology And The Arts Incorporated 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.