Carters Christian Academy Inc
EIN: 562468890 · Milwaukee, WI · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $2.3M |
| Net Assets | $1.9M |
Is Carters Christian Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Carters Christian Academy Inc
Carters Christian Academy Inc (EIN: 562468890) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code B21. The organization reported total revenue of $3.9M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carters Christian Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carters Christian Academy Inc is a mid-size 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 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$85K |
| Total Assets | $2.4M |
| Total Liabilities | $541K |
| Net Assets | $1.9M |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 22.4% |
| Months of Reserves | 12.4 months |
Financial Health Grade: A
In 2023, Carters Christian Academy Inc reported a surplus of $85K with revenue exceeding expenses, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carters Christian Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.3% | -9.9% | +34.3% |
| 2022 | +18.5% | +26.3% | +37.5% |
| 2021 | -1.0% | -22.7% | +118.1% |
| 2020 | +24.8% | +11.9% | +74.8% |
| 2019 | -24.2% | -10.8% | -34.1% |
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 Analysis Pending
AI enrichment for Carters Christian Academy Inc 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 Carters Christian Academy Inc 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 $85K, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.4%.
Frequently Asked Questions about Carters Christian Academy Inc
Is Carters Christian Academy Inc a legitimate charity?
Carters Christian Academy Inc (EIN: 562468890) is a registered tax-exempt nonprofit based in Wisconsin. It has 13 years of IRS 990 filings on record. Total revenue: $3.9M. No red flags identified. Financial health grade: A.
How does Carters Christian Academy Inc spend its money?
Carters Christian Academy Inc reported $3.9M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Carters Christian Academy Inc tax-deductible?
Carters Christian Academy Inc is registered as a tax-exempt nonprofit (EIN: 562468890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Carters Christian Academy Inc located?
Carters Christian Academy Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 562468890. It is classified under NTEE code B21.
How many years of IRS 990 filings does Carters Christian Academy Inc have?
Carters Christian 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 $3.9M in total revenue.
Filing History
IRS 990 filing history for Carters Christian Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carters Christian Academy Inc's revenue has grown by 157%, moving from $944K to $2.4M. Total assets increased by 8831.4% over the same period, from $27K to $2.4M. Total functional expenses rose by 139.8%, from $976K to $2.3M. In its most recent filing year (2023), Carters Christian Academy Inc reported a surplus of $85K, with revenue exceeding expenses. The organization holds $541K in liabilities against $2.4M in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.3M | $2.4M | $541K | — | View 990 |
| 2022 | $3.3M | $2.6M | $1.8M | $8K | — | View 990 |
| 2021 | $2.8M | $2.1M | $1.3M | $211K | — | — |
| 2020 | $2.8M | $2.7M | $600K | $223K | — | View 990 |
| 2019 | $2.2M | $2.4M | $343K | $111K | — | View 990 |
| 2018 | $3.0M | $2.7M | $520K | $158K | — | View 990 |
| 2017 | $2.2M | $2.4M | $88K | $23K | — | View 990 |
| 2016 | $2.5M | $2.2M | $310K | $51K | — | View 990 |
| 2015 | $1.9M | $1.9M | $-22,862 | $2K | — | View 990 |
| 2014 | $690K | $678K | $-1,533 | $13K | — | View 990 |
| 2013 | $1.2M | $1.2M | $8K | $32K | — | View 990 |
| 2012 | $1.0M | $1.0M | $64K | $14K | — | View 990 |
| 2011 | $944K | $976K | $27K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.3M, and assets of $2.4M (revenue -26.3% year-over-year).
- 2022: Revenue of $3.3M, expenses of $2.6M, and assets of $1.8M (revenue +18.5% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.1M, and assets of $1.3M (revenue -1.0% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.7M, and assets of $600K (revenue +24.8% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.4M, and assets of $343K (revenue -24.2% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.7M, and assets of $520K (revenue +34.1% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.4M, and assets of $88K (revenue -9.9% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.2M, and assets of $310K (revenue +28.3% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.9M, and assets of $-22,862 (revenue +177.4% year-over-year).
- 2014: Revenue of $690K, expenses of $678K, and assets of $-1,533 (revenue -42.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $8K (revenue +14.7% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.0M, and assets of $64K (revenue +10.4% year-over-year).
- 2011: Revenue of $944K, expenses of $976K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carters Christian Academy Inc:
Data Sources and Methodology
This transparency report for Carters 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.