Career Building Academy
EIN: 272407219 · Colorado Springs, CO · NTEE: B43
| Metric | Value |
|---|---|
| Total Revenue | $421K |
| Total Expenses | $701K |
| Net Assets | $-81,823 |
Is Career Building Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Career Building Academy
Career Building Academy (EIN: 272407219) is a nonprofit organization based in Colorado Springs, CO, classified under NTEE code B43. The organization reported total revenue of $421K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Career Building Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Career Building Academy is a small nonprofit that has been operating for 14 years, with 7 years of IRS 990 filings on record (2010–2016). Revenue has grown at a compound annual rate of 102.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $280K |
| Total Expenses | $701K |
| Surplus / Deficit | $-420,929 |
| Total Assets | $43K |
| Total Liabilities | $125K |
| Net Assets | $-81,823 |
| Operating Margin | -150.5% |
| Debt-to-Asset Ratio | 290.4% |
| Months of Reserves | 0.7 months |
Financial Health Grade: D
In 2016, Career Building Academy reported a deficit of $421K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 290.4% (high leverage).
Financial Trends
Over 7 years of filings (2010–2016), Career Building Academy's revenue has grown at a compound annual growth rate (CAGR) of 102.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -72.9% | -35.7% | -86.2% |
| 2015 | +22.5% | +33.1% | -46.9% |
| 2014 | -26.6% | -11.0% | +28.4% |
| 2013 | +321.1% | +126.0% | +135.2% |
| 2012 | +774.1% | +81.0% | -42.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Career Building 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 Career Building 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $421K, with expenses exceeding revenue.
- Debt-to-asset ratio: 290.4%.
Frequently Asked Questions about Career Building Academy
Is Career Building Academy a legitimate charity?
Career Building Academy (EIN: 272407219) is a registered tax-exempt nonprofit based in Colorado. It has 7 years of IRS 990 filings on record. Total revenue: $421K. No red flags identified. Financial health grade: D.
How does Career Building Academy spend its money?
Career Building Academy reported $421K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Career Building Academy tax-deductible?
Career Building Academy is registered as a tax-exempt nonprofit (EIN: 272407219). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Career Building Academy located?
Career Building Academy is headquartered in Colorado Springs, Colorado and files with the IRS under EIN 272407219. It is classified under NTEE code B43.
How many years of IRS 990 filings does Career Building Academy have?
Career Building Academy has 7 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 $421K in total revenue.
Filing History
IRS 990 filing history for Career Building Academy showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2010–2016), Career Building Academy's revenue has grown by 6839.8%, moving from $4K to $280K. Total assets decreased by 79.2% over the same period, from $207K to $43K. Total functional expenses rose by 518.4%, from $113K to $701K. In its most recent filing year (2016), Career Building Academy reported a deficit of $421K, with expenses exceeding revenue. The organization holds $125K in liabilities against $43K in assets (debt-to-asset ratio: 290.4%), resulting in net assets of $-81,823.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $280K | $701K | $43K | $125K | — | View 990 |
| 2015 | $1.0M | $1.1M | $311K | $530K | — | View 990 |
| 2014 | $842K | $819K | $585K | $753K | — | View 990 |
| 2013 | $1.1M | $920K | $456K | $647K | — | View 990 |
| 2012 | $273K | $407K | $194K | $628K | — | View 990 |
| 2011 | $31K | $225K | $339K | $640K | — | View 990 |
| 2010 | $4K | $113K | $207K | $315K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $280K, expenses of $701K, and assets of $43K (revenue -72.9% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $311K (revenue +22.5% year-over-year).
- 2014: Revenue of $842K, expenses of $819K, and assets of $585K (revenue -26.6% year-over-year).
- 2013: Revenue of $1.1M, expenses of $920K, and assets of $456K (revenue +321.1% year-over-year).
- 2012: Revenue of $273K, expenses of $407K, and assets of $194K (revenue +774.1% year-over-year).
- 2011: Revenue of $31K, expenses of $225K, and assets of $339K (revenue +673.9% year-over-year).
- 2010: Revenue of $4K, expenses of $113K, and assets of $207K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Career Building Academy:
Data Sources and Methodology
This transparency report for Career Building 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.