Avondale Meadows Academy Inc
Avondale Meadows Academy Inc maintains stable finances with consistent revenue growth and no reported officer compensation.
EIN: 134289579 · Indianapolis, IN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.6M |
| Total Expenses | $15.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $2.4M |
| Transparency Score | 80/100 |
Is Avondale Meadows Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Avondale Meadows Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Avondale Meadows Academy Inc
Avondale Meadows Academy Inc (EIN: 134289579) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B29. The organization reported total revenue of $23.6M and total assets of $31.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Avondale Meadows Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Avondale Meadows Academy Inc is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.8M |
| Total Expenses | $15.7M |
| Surplus / Deficit | +$82K |
| Total Assets | $23.5M |
| Total Liabilities | $21.1M |
| Net Assets | $2.4M |
| Operating Margin | 0.5% |
| Debt-to-Asset Ratio | 89.7% |
| Months of Reserves | 18.0 months |
Financial Health Grade: A
In 2023, Avondale Meadows Academy Inc reported a surplus of $82K with revenue exceeding expenses, holds 18.0 months of operating reserves (strong position), has a debt-to-asset ratio of 89.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Avondale Meadows Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +12.5% | +0.8% |
| 2022 | +6.4% | +11.6% | +0.5% |
| 2021 | +15.0% | +5.4% | -0.4% |
| 2020 | +1.7% | -0.7% | +3.1% |
| 2019 | +13.8% | +4.8% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Avondale Meadows Academy Inc with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Avondale Meadows 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 $82K, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is unusual for an organization of this size with revenues exceeding $15 million. This suggests that either executive roles are unpaid, or compensation is categorized under different expense lines not captured as 'officer compensation' on the 990.
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 Avondale Meadows Academy Inc's IRS 990 filings:
- Consistently high liabilities relative to assets (e.g., 2023: $21,105,797 liabilities vs. $23,542,400 assets).
- 0% reported officer compensation for an organization with over $15 million in revenue, which may obscure executive remuneration details.
Strengths
The following positive indicators were identified for Avondale Meadows Academy Inc:
- Consistent revenue growth over the past decade, indicating expanding operations and support.
- Balanced budget with expenses closely matching or slightly below revenue in most recent years (e.g., 2023: $15,755,110 revenue vs. $15,672,822 expenses).
- No reported officer compensation, suggesting resources are not allocated to high executive salaries in the traditional sense.
Frequently Asked Questions about Avondale Meadows Academy Inc
Is Avondale Meadows Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Avondale Meadows Academy Inc (EIN: 134289579) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does Avondale Meadows Academy Inc spend its money?
Avondale Meadows Academy Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Avondale Meadows Academy Inc tax-deductible?
Avondale Meadows Academy Inc is registered as a tax-exempt nonprofit (EIN: 134289579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Avondale Meadows Academy Inc CEO make?
Avondale Meadows Academy Inc's highest-compensated officer earns $15 annually. The organization reported $23.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Avondale Meadows Academy Inc's spending goes to programs?
Avondale Meadows Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Avondale Meadows Academy Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Avondale Meadows 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 Avondale Meadows Academy Inc located?
Avondale Meadows Academy Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 134289579. It is classified under NTEE code B29.
How many years of IRS 990 filings does Avondale Meadows Academy Inc have?
Avondale Meadows 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 $23.6M in total revenue.
Is Avondale Meadows Academy Inc a good charity?
Based on the available IRS 990 data, Avondale Meadows Academy Inc appears to be a financially stable organization with consistent revenue growth and a balanced budget. The lack of reported officer compensation is a unique characteristic that could be viewed positively for resource allocation, assuming executives are compensated fairly through other means or are volunteers. Its focus on education (NTEE B29) is clear from its operations.
How does Avondale Meadows Academy Inc manage its liabilities?
Avondale Meadows Academy Inc consistently carries significant liabilities relative to its assets. For example, in 2023, liabilities were $21,105,797 against assets of $23,542,400. This high ratio suggests a reliance on debt or restricted funds, which is common for institutions with large capital projects or long-term operational commitments, but warrants further investigation into the nature of these liabilities.
What is the trend in Avondale Meadows Academy Inc's revenue and expenses?
Avondale Meadows Academy Inc has shown a strong upward trend in both revenue and expenses over the past decade. Revenue grew from $5,158,607 in 2014 to $15,755,110 in 2023, while expenses increased from $4,948,799 to $15,672,822 in the same period. This indicates significant growth in the organization's scale of operations.
Filing History
IRS 990 filing history for Avondale Meadows Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Avondale Meadows Academy Inc's revenue has grown by 206.7%, moving from $5.1M to $15.8M. Total assets increased by 346.1% over the same period, from $5.3M to $23.5M. Total functional expenses rose by 264.4%, from $4.3M to $15.7M. In its most recent filing year (2023), Avondale Meadows Academy Inc reported a surplus of $82K, with revenue exceeding expenses. The organization holds $21.1M in liabilities against $23.5M in assets (debt-to-asset ratio: 89.7%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.8M | $15.7M | $23.5M | $21.1M | — | — |
| 2022 | $14.4M | $13.9M | $23.4M | $21.1M | — | View 990 |
| 2021 | $13.5M | $12.5M | $23.2M | $21.4M | — | View 990 |
| 2020 | $11.7M | $11.8M | $23.3M | $22.6M | — | View 990 |
| 2019 | $11.5M | $11.9M | $22.6M | $21.8M | — | View 990 |
| 2018 | $10.2M | $11.4M | $23.8M | $22.5M | — | View 990 |
| 2017 | $10.0M | $9.4M | $23.8M | $21.3M | — | View 990 |
| 2016 | $8.4M | $8.7M | $16.6M | $14.1M | — | View 990 |
| 2015 | $7.6M | $8.6M | $16.9M | $14.0M | — | View 990 |
| 2014 | $5.2M | $4.9M | $8.4M | $4.4M | — | View 990 |
| 2013 | $5.8M | $5.1M | $4.2M | $152K | — | View 990 |
| 2012 | $4.9M | $4.7M | $5.6M | $2.2M | — | View 990 |
| 2011 | $5.1M | $4.3M | $5.3M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.8M, expenses of $15.7M, and assets of $23.5M (revenue +9.7% year-over-year).
- 2022: Revenue of $14.4M, expenses of $13.9M, and assets of $23.4M (revenue +6.4% year-over-year).
- 2021: Revenue of $13.5M, expenses of $12.5M, and assets of $23.2M (revenue +15.0% year-over-year).
- 2020: Revenue of $11.7M, expenses of $11.8M, and assets of $23.3M (revenue +1.7% year-over-year).
- 2019: Revenue of $11.5M, expenses of $11.9M, and assets of $22.6M (revenue +13.8% year-over-year).
- 2018: Revenue of $10.2M, expenses of $11.4M, and assets of $23.8M (revenue +1.4% year-over-year).
- 2017: Revenue of $10.0M, expenses of $9.4M, and assets of $23.8M (revenue +19.4% year-over-year).
- 2016: Revenue of $8.4M, expenses of $8.7M, and assets of $16.6M (revenue +10.5% year-over-year).
- 2015: Revenue of $7.6M, expenses of $8.6M, and assets of $16.9M (revenue +47.0% year-over-year).
- 2014: Revenue of $5.2M, expenses of $4.9M, and assets of $8.4M (revenue -11.6% year-over-year).
- 2013: Revenue of $5.8M, expenses of $5.1M, and assets of $4.2M (revenue +19.3% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.7M, and assets of $5.6M (revenue -4.8% year-over-year).
- 2011: Revenue of $5.1M, expenses of $4.3M, and assets of $5.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Avondale Meadows Academy Inc:
Data Sources and Methodology
This transparency report for Avondale Meadows 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.