Blessed Beginnings Learning Academy
EIN: 621633538 · Memphis, TN · NTEE: P33Z
| Metric | Value |
|---|---|
| Total Revenue | $194K |
| Total Expenses | $184K |
| Net Assets | $339K |
Is Blessed Beginnings Learning Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Blessed Beginnings Learning Academy
Blessed Beginnings Learning Academy (EIN: 621633538) is a nonprofit organization based in Memphis, TN, classified under NTEE code P33Z. The organization reported total revenue of $194K and total assets of $334K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blessed Beginnings Learning Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blessed Beginnings Learning Academy is a small nonprofit that has been operating for 29 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $318K |
| Total Expenses | $184K |
| Surplus / Deficit | +$134K |
| Total Assets | $339K |
| Total Liabilities | $1 |
| Net Assets | $339K |
| Operating Margin | 42.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Blessed Beginnings Learning Academy reported a surplus of $134K with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Blessed Beginnings Learning Academy's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | +4.1% | +65.4% |
| 2022 | +98.2% | +38.7% | +93.2% |
| 2021 | -19.6% | -1.8% | +22.7% |
| 2020 | +121.9% | +14.7% | +166.0% |
| 2019 | -56.8% | -63.8% | -91.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Blessed Beginnings Learning Academy 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 Blessed Beginnings Learning Academy 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 $134K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Blessed Beginnings Learning Academy
Is Blessed Beginnings Learning Academy a legitimate charity?
Blessed Beginnings Learning Academy (EIN: 621633538) is a registered tax-exempt nonprofit based in Tennessee. It has 10 years of IRS 990 filings on record. Total revenue: $194K. No red flags identified. Financial health grade: A.
How does Blessed Beginnings Learning Academy spend its money?
Blessed Beginnings Learning Academy reported $194K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Blessed Beginnings Learning Academy tax-deductible?
Blessed Beginnings Learning Academy is registered as a tax-exempt nonprofit (EIN: 621633538). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Blessed Beginnings Learning Academy located?
Blessed Beginnings Learning Academy is headquartered in Memphis, Tennessee and files with the IRS under EIN 621633538. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Blessed Beginnings Learning Academy have?
Blessed Beginnings Learning Academy has 10 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 $194K in total revenue.
Filing History
IRS 990 filing history for Blessed Beginnings Learning Academy showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Blessed Beginnings Learning Academy's revenue has declined by 41.6%, moving from $545K to $318K. Total assets decreased by 66% over the same period, from $999K to $339K. Total functional expenses fell by 68.6%, from $588K to $184K. In its most recent filing year (2023), Blessed Beginnings Learning Academy reported a surplus of $134K, with revenue exceeding expenses. The organization holds $1 in liabilities against $339K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $339K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $318K | $184K | $339K | $1 | — | View 990 |
| 2022 | $293K | $177K | $205K | $0 | — | View 990 |
| 2021 | $148K | $128K | $106K | $1K | — | View 990 |
| 2020 | $184K | $130K | $87K | $1K | — | View 990 |
| 2019 | $83K | $113K | $33K | $1K | — | View 990 |
| 2015 | $192K | $313K | $379K | $12K | — | View 990 |
| 2014 | $211K | $354K | $498K | $9K | — | View 990 |
| 2013 | $350K | $469K | $839K | $278 | — | View 990 |
| 2012 | $482K | $523K | $959K | $101 | — | View 990 |
| 2011 | $545K | $588K | $999K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $318K, expenses of $184K, and assets of $339K (revenue +8.8% year-over-year).
- 2022: Revenue of $293K, expenses of $177K, and assets of $205K (revenue +98.2% year-over-year).
- 2021: Revenue of $148K, expenses of $128K, and assets of $106K (revenue -19.6% year-over-year).
- 2020: Revenue of $184K, expenses of $130K, and assets of $87K (revenue +121.9% year-over-year).
- 2019: Revenue of $83K, expenses of $113K, and assets of $33K (revenue -56.8% year-over-year).
- 2015: Revenue of $192K, expenses of $313K, and assets of $379K (revenue -9.0% year-over-year).
- 2014: Revenue of $211K, expenses of $354K, and assets of $498K (revenue -39.9% year-over-year).
- 2013: Revenue of $350K, expenses of $469K, and assets of $839K (revenue -27.3% year-over-year).
- 2012: Revenue of $482K, expenses of $523K, and assets of $959K (revenue -11.6% year-over-year).
- 2011: Revenue of $545K, expenses of $588K, and assets of $999K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blessed Beginnings Learning Academy:
Data Sources and Methodology
This transparency report for Blessed Beginnings Learning Academy 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.