Championship Academy Of Distinction At Hollywood Inc
Championship Academy Of Distinction At Hollywood Inc faces significant and growing liabilities, exceeding assets in recent years.
EIN: 202227983 · Hollywood, FL · NTEE: B29 · Updated: 2026-03-28
Is Championship Academy Of Distinction At Hollywood Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Championship Academy Of Distinction At Hollywood Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Championship Academy Of Distinction At Hollywood Inc
Championship Academy Of Distinction At Hollywood Inc (EIN: 202227983) is a nonprofit organization based in Hollywood, FL, classified under NTEE code B29. The organization reported total revenue of $5.1M and total assets of $8.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Championship Academy Of Distinction At Hollywood Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Championship Academy Of Distinction At Hollywood Inc is a mid-size nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$99K |
| Total Assets | $9.2M |
| Total Liabilities | $10.1M |
| Net Assets | $-860,227 |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 109.3% |
| Months of Reserves | 27.6 months |
Financial Health Grade: A
In 2023, Championship Academy Of Distinction At Hollywood Inc reported a surplus of $99K with revenue exceeding expenses, holds 27.6 months of operating reserves (strong position), has a debt-to-asset ratio of 109.3% (high leverage).
Financial Trends
Over 11 years of filings (2012–2023), Championship Academy Of Distinction At Hollywood Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.4% | +9.9% | +2.0% |
| 2022 | +0.9% | -1.8% | +1936.4% |
| 2020 | -15.5% | +1.3% | -7.3% |
| 2019 | -10.3% | -23.4% | +23.1% |
| 2018 | -7.6% | +3.5% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2006 |
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 Championship Academy Of Distinction At Hollywood Inc with a Mission Score of 60 out of 100 (Good). 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, Championship Academy Of Distinction At Hollywood 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $99K, with revenue exceeding expenses.
- Debt-to-asset ratio: 109.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a strong positive for responsible financial management relative to the organization's multi-million dollar revenue.
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 Championship Academy Of Distinction At Hollywood Inc's IRS 990 filings:
- Liabilities consistently exceed assets in recent years (e.g., $10,071,580 liabilities vs. $9,211,353 assets in 2023).
- Significant increase in liabilities from $793,782 in 2020 to over $10 million in 2022 and 2023.
- Negative net asset position in recent filing periods.
Strengths
The following positive indicators were identified for Championship Academy Of Distinction At Hollywood Inc:
- Consistent reporting of 0% officer compensation across all filings.
- Revenue has generally been in the multi-million dollar range, indicating a substantial operational scale.
Frequently Asked Questions about Championship Academy Of Distinction At Hollywood Inc
Is Championship Academy Of Distinction At Hollywood Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Championship Academy Of Distinction At Hollywood Inc (EIN: 202227983) some concerns. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
How does Championship Academy Of Distinction At Hollywood Inc spend its money?
Championship Academy Of Distinction At Hollywood Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Championship Academy Of Distinction At Hollywood Inc tax-deductible?
Championship Academy Of Distinction At Hollywood Inc is registered as a tax-exempt nonprofit (EIN: 202227983). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Championship Academy Of Distinction At Hollywood Inc financially stable?
The organization's financial stability is questionable due to its liabilities consistently exceeding its assets in recent years, such as $10,071,580 in liabilities versus $9,211,353 in assets in 2023.
What is the trend in the organization's net assets?
The net assets have been negative in recent periods, with liabilities significantly surpassing assets, indicating a concerning financial trend.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all available filings, suggesting a highly conservative approach to executive pay.
What caused the significant increase in liabilities between 2020 and 2022?
Liabilities jumped from $793,782 in 2020 to $10,140,350 in 2022, a substantial increase that warrants further investigation into the nature of these obligations.
Filing History
IRS 990 filing history for Championship Academy Of Distinction At Hollywood Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Championship Academy Of Distinction At Hollywood Inc's revenue has grown by 97.3%, moving from $2.1M to $4.1M. Total assets increased by 24.5% over the same period, from $7.4M to $9.2M. Total functional expenses rose by 61.8%, from $2.5M to $4.0M. In its most recent filing year (2023), Championship Academy Of Distinction At Hollywood Inc reported a surplus of $99K, with revenue exceeding expenses. The organization holds $10.1M in liabilities against $9.2M in assets (debt-to-asset ratio: 109.3%), resulting in net assets of $-860,227.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $4.0M | $9.2M | $10.1M | — | View 990 |
| 2022 | $3.4M | $3.6M | $9.0M | $10.1M | — | View 990 |
| 2020 | $3.3M | $3.7M | $444K | $794K | — | View 990 |
| 2019 | $4.0M | $3.7M | $479K | $468K | — | View 990 |
| 2018 | $4.4M | $4.8M | $389K | $463K | — | View 990 |
| 2017 | $4.8M | $4.6M | $338K | $49K | — | View 990 |
| 2016 | $4.2M | $4.1M | $279K | $152K | — | View 990 |
| 2015 | $3.5M | $3.4M | $158K | $71K | — | View 990 |
| 2014 | $3.0M | $3.1M | $103K | $30K | — | View 990 |
| 2013 | $2.7M | $2.9M | $6.9M | $6.7M | — | View 990 |
| 2012 | $2.1M | $2.5M | $7.4M | $7.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $4.0M, and assets of $9.2M (revenue +21.4% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.6M, and assets of $9.0M (revenue +0.9% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.7M, and assets of $444K (revenue -15.5% year-over-year).
- 2019: Revenue of $4.0M, expenses of $3.7M, and assets of $479K (revenue -10.3% year-over-year).
- 2018: Revenue of $4.4M, expenses of $4.8M, and assets of $389K (revenue -7.6% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.6M, and assets of $338K (revenue +14.2% year-over-year).
- 2016: Revenue of $4.2M, expenses of $4.1M, and assets of $279K (revenue +20.8% year-over-year).
- 2015: Revenue of $3.5M, expenses of $3.4M, and assets of $158K (revenue +16.1% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.1M, and assets of $103K (revenue +10.3% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.9M, and assets of $6.9M (revenue +30.1% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.5M, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Championship Academy Of Distinction At Hollywood Inc:
Data Sources and Methodology
This transparency report for Championship Academy Of Distinction At Hollywood 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.