Carpe Diem Academy Corporation
EIN: 474981425 · Miami, FL · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $4.3M |
| Net Assets | $-1,375,417 |
Is Carpe Diem Academy Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carpe Diem Academy Corporation
Carpe Diem Academy Corporation (EIN: 474981425) is a nonprofit organization based in Miami, FL, classified under NTEE code B20. The organization reported total revenue of $1.6M and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carpe Diem Academy Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carpe Diem Academy Corporation is a mid-size nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $4.3M |
| Surplus / Deficit | $-791,393 |
| Total Assets | $-504,931 |
| Total Liabilities | $870K |
| Net Assets | $-1,375,417 |
| Operating Margin | -22.8% |
| Months of Reserves | -1.4 months |
Financial Health Grade: D
In 2023, Carpe Diem Academy Corporation reported a deficit of $791K with expenses exceeding revenue, holds -1.4 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2018–2023), Carpe Diem Academy Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.0% | -1.5% | -437.7% |
| 2022 | +37.7% | +27.5% | +111.6% |
| 2021 | -7.0% | +5.4% | -89.2% |
| 2020 | +45.8% | +61.4% | +69.2% |
| 2019 | -8.6% | -13.0% | +59.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Carpe Diem Academy Corporation 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 Carpe Diem Academy Corporation 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 deficit of $791K, with expenses exceeding revenue.
Frequently Asked Questions about Carpe Diem Academy Corporation
Is Carpe Diem Academy Corporation a legitimate charity?
Carpe Diem Academy Corporation (EIN: 474981425) is a registered tax-exempt nonprofit based in Florida. It has 6 years of IRS 990 filings on record. Total revenue: $1.6M. No red flags identified. Financial health grade: D.
How does Carpe Diem Academy Corporation spend its money?
Carpe Diem Academy Corporation reported $1.6M in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Carpe Diem Academy Corporation tax-deductible?
Carpe Diem Academy Corporation is registered as a tax-exempt nonprofit (EIN: 474981425). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carpe Diem Academy Corporation located?
Carpe Diem Academy Corporation is headquartered in Miami, Florida and files with the IRS under EIN 474981425. It is classified under NTEE code B20.
How many years of IRS 990 filings does Carpe Diem Academy Corporation have?
Carpe Diem Academy Corporation has 6 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 $1.6M in total revenue.
Filing History
IRS 990 filing history for Carpe Diem Academy Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Carpe Diem Academy Corporation's revenue has grown by 48.5%, moving from $2.3M to $3.5M. Total assets decreased by 308.5% over the same period, from $242K to $-504,931. Total functional expenses rose by 85.9%, from $2.3M to $4.3M. In its most recent filing year (2023), Carpe Diem Academy Corporation reported a deficit of $791K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $4.3M | $-504,931 | $870K | — | — |
| 2022 | $4.0M | $4.3M | $150K | $734K | — | View 990 |
| 2021 | $2.9M | $3.4M | $71K | $287K | — | — |
| 2020 | $3.1M | $3.2M | $651K | $370K | — | — |
| 2019 | $2.1M | $2.0M | $385K | $0 | — | View 990 |
| 2018 | $2.3M | $2.3M | $242K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $4.3M, and assets of $-504,931 (revenue -13.0% year-over-year).
- 2022: Revenue of $4.0M, expenses of $4.3M, and assets of $150K (revenue +37.7% year-over-year).
- 2021: Revenue of $2.9M, expenses of $3.4M, and assets of $71K (revenue -7.0% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.2M, and assets of $651K (revenue +45.8% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.0M, and assets of $385K (revenue -8.6% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $242K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carpe Diem Academy Corporation:
Data Sources and Methodology
This transparency report for Carpe Diem Academy Corporation 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.