Central Indiana Military Academy
Central Indiana Military Academy shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 202693656 · Anderson, IN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.1M |
| Total Expenses | $10.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $11M |
| Net Assets | $3.3M |
| Transparency Score | 90/100 |
Is Central Indiana Military Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Indiana Military Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Indiana Military Academy
Central Indiana Military Academy (EIN: 202693656) is a nonprofit organization based in Anderson, IN, classified under NTEE code B29. The organization reported total revenue of $11.1M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Indiana Military Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Indiana Military Academy is a large nonprofit that has been operating for 18 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.2M |
| Total Expenses | $10.8M |
| Surplus / Deficit | +$407K |
| Total Assets | $5.3M |
| Total Liabilities | $1.9M |
| Net Assets | $3.3M |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 36.7% |
| Months of Reserves | 5.9 months |
Financial Health Grade: A
In 2022, Central Indiana Military Academy reported a surplus of $407K with revenue exceeding expenses, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 36.7% (moderate leverage).
Financial Trends
Over 11 years of filings (2012–2022), Central Indiana Military Academy's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +7.3% | +16.5% | +8.6% |
| 2021 | +29.8% | +14.2% | +2.9% |
| 2020 | +12.8% | +9.8% | +30.0% |
| 2019 | +5.5% | +5.6% | -13.7% |
| 2018 | -9.4% | -0.5% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Central Indiana Military Academy with a Mission Score of 90 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, Central Indiana Military Academy 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $407K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 11 available IRS 990 filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size ($11M+ revenue) and suggests a volunteer-led executive structure or that compensation is reported under other expense categories.
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 Central Indiana Military Academy's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might obscure how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Central Indiana Military Academy:
- Consistent revenue growth over a decade, from $7.38M in 2013 to $11.18M in 2022.
- Positive net asset growth, indicating financial stability and accumulation of reserves.
- Expenses consistently managed close to or below revenue, demonstrating fiscal responsibility.
- Zero reported officer compensation across all filings, suggesting a strong commitment to mission-focused spending or volunteer leadership.
Frequently Asked Questions about Central Indiana Military Academy
Is Central Indiana Military Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Indiana Military Academy (EIN: 202693656) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Central Indiana Military Academy spend its money?
Central Indiana Military Academy directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Indiana Military Academy tax-deductible?
Central Indiana Military Academy is registered as a tax-exempt nonprofit (EIN: 202693656). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Central Indiana Military Academy CEO make?
Central Indiana Military Academy's highest-compensated officer earns $11M annually. The organization reported $11.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Central Indiana Military Academy's spending goes to programs?
Central Indiana Military Academy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Central Indiana Military Academy compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Central Indiana Military Academy is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Indiana Military Academy located?
Central Indiana Military Academy is headquartered in Anderson, Indiana and files with the IRS under EIN 202693656. It is classified under NTEE code B29.
How many years of IRS 990 filings does Central Indiana Military Academy have?
Central Indiana Military Academy has 11 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 $11.1M in total revenue.
How does Central Indiana Military Academy manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer-led executive team, or that executive compensation is categorized differently within the IRS 990, such as under general salaries if officers are also employees and not separately identified as 'officers' for compensation purposes.
What is the trend in the organization's net assets?
The organization's net assets have shown a positive trend, growing from $4.16 million in 2013 to $5.28 million in 2022, indicating financial stability and an ability to build reserves over time.
Is the organization growing financially?
Yes, the organization has demonstrated significant financial growth, with revenue increasing from $7.38 million in 2013 to $11.18 million in 2022, representing over 50% growth in a decade.
Filing History
IRS 990 filing history for Central Indiana Military Academy showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Central Indiana Military Academy's revenue has grown by 70.3%, moving from $6.6M to $11.2M. Total assets decreased by 20.9% over the same period, from $6.7M to $5.3M. Total functional expenses rose by 68.9%, from $6.4M to $10.8M. In its most recent filing year (2022), Central Indiana Military Academy reported a surplus of $407K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $5.3M in assets (debt-to-asset ratio: 36.7%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $11.2M | $10.8M | $5.3M | $1.9M | — | View 990 |
| 2021 | $10.4M | $9.2M | $4.9M | $2.2M | — | — |
| 2020 | $8.0M | $8.1M | $4.7M | $3.2M | — | View 990 |
| 2019 | $7.1M | $7.4M | $3.6M | $2.0M | — | View 990 |
| 2018 | $6.7M | $7.0M | $4.2M | $2.3M | — | View 990 |
| 2017 | $7.4M | $7.0M | $4.4M | $2.3M | — | View 990 |
| 2016 | $7.1M | $6.5M | $4.0M | $2.3M | — | View 990 |
| 2015 | $6.7M | $6.7M | $4.0M | $2.9M | — | View 990 |
| 2014 | $6.9M | $7.0M | $3.8M | $2.7M | — | View 990 |
| 2013 | $7.4M | $6.8M | $4.2M | $2.9M | — | View 990 |
| 2012 | $6.6M | $6.4M | $6.7M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $11.2M, expenses of $10.8M, and assets of $5.3M (revenue +7.3% year-over-year).
- 2021: Revenue of $10.4M, expenses of $9.2M, and assets of $4.9M (revenue +29.8% year-over-year).
- 2020: Revenue of $8.0M, expenses of $8.1M, and assets of $4.7M (revenue +12.8% year-over-year).
- 2019: Revenue of $7.1M, expenses of $7.4M, and assets of $3.6M (revenue +5.5% year-over-year).
- 2018: Revenue of $6.7M, expenses of $7.0M, and assets of $4.2M (revenue -9.4% year-over-year).
- 2017: Revenue of $7.4M, expenses of $7.0M, and assets of $4.4M (revenue +5.5% year-over-year).
- 2016: Revenue of $7.1M, expenses of $6.5M, and assets of $4.0M (revenue +6.0% year-over-year).
- 2015: Revenue of $6.7M, expenses of $6.7M, and assets of $4.0M (revenue -3.6% year-over-year).
- 2014: Revenue of $6.9M, expenses of $7.0M, and assets of $3.8M (revenue -6.4% year-over-year).
- 2013: Revenue of $7.4M, expenses of $6.8M, and assets of $4.2M (revenue +12.5% year-over-year).
- 2012: Revenue of $6.6M, expenses of $6.4M, and assets of $6.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Indiana Military Academy:
Data Sources and Methodology
This transparency report for Central Indiana Military 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.