Bluegrass Christian Academy Inc

Is Bluegrass Christian Academy Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Bluegrass Christian Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Bluegrass Christian Academy Inc

Bluegrass Christian Academy Inc (EIN: 200816659) is a nonprofit organization based in Bardstown, KY, classified under NTEE code B20. The organization reported total revenue of $490K and total assets of $203K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bluegrass Christian Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bluegrass Christian Academy Inc with a Mission Score of 85 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, Bluegrass Christian 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with revenues approaching $500,000.

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 Bluegrass Christian Academy Inc's IRS 990 filings:

• Increasing liabilities relative to assets over time, from $895 in 201506 to $108,725 in 202406, warrants monitoring.

Strengths

The following positive indicators were identified for Bluegrass Christian Academy Inc:

• Consistent revenue growth over the past decade, from $284,706 in 201506 to $490,411 in 202406.
• Zero reported officer compensation across all filings, indicating efficient use of funds for mission.
• Positive net income in most recent periods (e.g., $9,563 surplus in 202406).
• Steady growth in total assets, from $95,185 in 201506 to $253,253 in 202406.
• Long history of IRS 990 filings (14 filings), demonstrating transparency.

Frequently Asked Questions about Bluegrass Christian Academy Inc

Filing History

IRS 990 filing history for Bluegrass Christian Academy Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Bluegrass Christian Academy Inc's revenue has grown by 25.4%, moving from $391K to $490K. Total assets increased by 288.8% over the same period, from $65K to $253K. Total functional expenses rose by 22.3%, from $393K to $481K. In its most recent filing year (2024), Bluegrass Christian Academy Inc reported a surplus of $10K, with revenue exceeding expenses. The organization holds $109K in liabilities against $253K in assets (debt-to-asset ratio: 42.9%), resulting in net assets of $145K.

Year-by-Year Financial Summary

• 2024: Revenue of $490K, expenses of $481K, and assets of $253K (revenue +10.0% year-over-year).
• 2023: Revenue of $446K, expenses of $454K, and assets of $245K (revenue +12.1% year-over-year).
• 2022: Revenue of $398K, expenses of $431K, and assets of $211K (revenue +1.1% year-over-year).
• 2021: Revenue of $393K, expenses of $312K, and assets of $234K (revenue +24.4% year-over-year).
• 2020: Revenue of $316K, expenses of $321K, and assets of $158K (revenue +0.2% year-over-year).
• 2019: Revenue of $316K, expenses of $286K, and assets of $163K (revenue +9.3% year-over-year).
• 2018: Revenue of $289K, expenses of $266K, and assets of $137K (revenue -12.8% year-over-year).
• 2017: Revenue of $331K, expenses of $310K, and assets of $115K (revenue +20.4% year-over-year).
• 2016: Revenue of $275K, expenses of $280K, and assets of $92K (revenue -3.4% year-over-year).
• 2015: Revenue of $285K, expenses of $290K, and assets of $95K (revenue -12.0% year-over-year).
• 2014: Revenue of $323K, expenses of $300K, and assets of $100K (revenue -9.5% year-over-year).
• 2013: Revenue of $357K, expenses of $328K, and assets of $77K (revenue +10.8% year-over-year).
• 2012: Revenue of $322K, expenses of $337K, and assets of $48K (revenue -17.6% year-over-year).
• 2011: Revenue of $391K, expenses of $393K, and assets of $65K.

Data Sources and Methodology

This transparency report for Bluegrass Christian 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.