Changing Lives Academy Inc
EIN: 473374436 · Orlando, FL · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $773K |
| Total Expenses | $796K |
| Net Assets | $-213,250 |
Is Changing Lives 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 Changing Lives Academy Inc
Changing Lives Academy Inc (EIN: 473374436) is a nonprofit organization based in Orlando, FL, classified under NTEE code B20. The organization reported total revenue of $773K and total assets of $35K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Changing Lives Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Changing Lives Academy Inc is a small nonprofit that has been operating for 5 years, with 7 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 32.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $781K |
| Total Expenses | $796K |
| Surplus / Deficit | $-15,177 |
| Total Assets | $84K |
| Total Liabilities | $297K |
| Net Assets | $-213,250 |
| Operating Margin | -1.9% |
| Debt-to-Asset Ratio | 353.1% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2023, Changing Lives Academy Inc reported a deficit of $15K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 353.1% (high leverage).
Financial Trends
Over 7 years of filings (2015–2023), Changing Lives Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.0% | +27.5% | +4.3% |
| 2021 | +5.8% | -3.5% | +955.9% |
| 2020 | +11.3% | +21.1% | -82.8% |
| 2019 | +4.2% | +9.5% | +44.8% |
| 2018 | +180.4% | +162.6% | +169.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Changing Lives 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 Changing Lives 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 deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 353.1%.
Frequently Asked Questions about Changing Lives Academy Inc
Is Changing Lives Academy Inc a legitimate charity?
Changing Lives Academy Inc (EIN: 473374436) is a registered tax-exempt nonprofit based in Florida. It has 7 years of IRS 990 filings on record. Total revenue: $773K. No red flags identified. Financial health grade: D.
How does Changing Lives Academy Inc spend its money?
Changing Lives Academy Inc reported $773K 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 Changing Lives Academy Inc tax-deductible?
Changing Lives Academy Inc is registered as a tax-exempt nonprofit (EIN: 473374436). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Changing Lives Academy Inc located?
Changing Lives Academy Inc is headquartered in Orlando, Florida and files with the IRS under EIN 473374436. It is classified under NTEE code B20.
How many years of IRS 990 filings does Changing Lives Academy Inc have?
Changing Lives Academy Inc 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 $773K in total revenue.
Filing History
IRS 990 filing history for Changing Lives Academy Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2015–2023), Changing Lives Academy Inc's revenue has grown by 829.1%, moving from $84K to $781K. Total assets increased by 765.5% over the same period, from $10K to $84K. Total functional expenses rose by 971.3%, from $74K to $796K. In its most recent filing year (2023), Changing Lives Academy Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $297K in liabilities against $84K in assets (debt-to-asset ratio: 353.1%), resulting in net assets of $-213,250.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $781K | $796K | $84K | $297K | — | View 990 |
| 2021 | $645K | $624K | $81K | $76K | — | View 990 |
| 2020 | $610K | $647K | $8K | $0 | — | View 990 |
| 2019 | $548K | $534K | $45K | $0 | — | View 990 |
| 2018 | $526K | $488K | $31K | $0 | — | View 990 |
| 2016 | $187K | $186K | $11K | $0 | — | — |
| 2015 | $84K | $74K | $10K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $781K, expenses of $796K, and assets of $84K (revenue +21.0% year-over-year).
- 2021: Revenue of $645K, expenses of $624K, and assets of $81K (revenue +5.8% year-over-year).
- 2020: Revenue of $610K, expenses of $647K, and assets of $8K (revenue +11.3% year-over-year).
- 2019: Revenue of $548K, expenses of $534K, and assets of $45K (revenue +4.2% year-over-year).
- 2018: Revenue of $526K, expenses of $488K, and assets of $31K (revenue +180.4% year-over-year).
- 2016: Revenue of $187K, expenses of $186K, and assets of $11K (revenue +123.0% year-over-year).
- 2015: Revenue of $84K, expenses of $74K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Changing Lives Academy Inc:
Data Sources and Methodology
This transparency report for Changing Lives 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.