Charleston Development Acdemy
Charleston Development Academy shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 20679580 · Charleston, SC · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 90/100 |
Is Charleston Development Acdemy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charleston Development Acdemy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charleston Development Acdemy
Charleston Development Acdemy (EIN: 20679580) is a nonprofit organization based in Charleston, SC, classified under NTEE code B29. The organization reported total revenue of $2.7M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charleston Development Acdemy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charleston Development Acdemy 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 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$245K |
| Total Assets | $1.9M |
| Total Liabilities | $692K |
| Net Assets | $1.2M |
| Operating Margin | 9.1% |
| Debt-to-Asset Ratio | 36.8% |
| Months of Reserves | 9.2 months |
Financial Health Grade: A
In 2023, Charleston Development Acdemy reported a surplus of $245K with revenue exceeding expenses, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 36.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Charleston Development Acdemy's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.5% | +9.2% | +60.5% |
| 2022 | -2.1% | +12.0% | -3.0% |
| 2021 | +15.1% | -3.8% | +8.5% |
| 2020 | +0.7% | +5.7% | +6.8% |
| 2019 | +10.9% | +3.3% | +0.7% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charleston Development Acdemy 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, Charleston Development Acdemy 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 $245K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led executive structure or that compensation is reported differently.
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 Charleston Development Acdemy's IRS 990 filings:
- Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided summary data, making precise efficiency analysis difficult without full 990 access.
Strengths
The following positive indicators were identified for Charleston Development Acdemy:
- Consistent revenue growth, increasing from $1,634,645 in 2014 to $2,691,481 in 2023.
- Significant asset accumulation, growing from $502,151 in 2014 to $1,881,427 in 2023.
- Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to the mission.
- Expenses generally managed below or near revenue, leading to positive net assets.
- Long and consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Charleston Development Acdemy
Is Charleston Development Acdemy a legitimate charity?
Charleston Development Acdemy (EIN: 20679580) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Charleston Development Acdemy spend its money?
Charleston Development Acdemy directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Charleston Development Acdemy tax-deductible?
Charleston Development Acdemy is registered as a tax-exempt nonprofit (EIN: 20679580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Charleston Development Acdemy's spending goes to programs?
Charleston Development Acdemy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Charleston Development Acdemy compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Charleston Development Acdemy 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 Charleston Development Acdemy located?
Charleston Development Acdemy is headquartered in Charleston, South Carolina and files with the IRS under EIN 20679580. It is classified under NTEE code B29.
How many years of IRS 990 filings does Charleston Development Acdemy have?
Charleston Development Acdemy 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 $2.7M in total revenue.
Is Charleston Development Academy a good charity?
Based on the provided financial data, Charleston Development Academy appears to be a well-managed charity. It demonstrates consistent revenue growth, strong asset accumulation, and a notable commitment to transparency by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Revenue has grown from $1.63 million in 2014 to $2.69 million in 2023, and assets have increased significantly from $502,151 to $1,881,427 over the same period, indicating strong financial growth and stability.
What is the trend in the organization's liabilities?
Liabilities have fluctuated but generally remained manageable relative to assets. While there was a notable increase in liabilities to $691,821 in 2023, assets also grew substantially to $1,881,427, maintaining a healthy asset-to-liability ratio.
Filing History
IRS 990 filing history for Charleston Development Acdemy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Charleston Development Acdemy's revenue has grown by 60.8%, moving from $1.7M to $2.7M. Total assets increased by 237.7% over the same period, from $557K to $1.9M. Total functional expenses rose by 58.1%, from $1.5M to $2.4M. In its most recent filing year (2023), Charleston Development Acdemy reported a surplus of $245K, with revenue exceeding expenses. The organization holds $692K in liabilities against $1.9M in assets (debt-to-asset ratio: 36.8%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.4M | $1.9M | $692K | — | View 990 |
| 2022 | $2.3M | $2.2M | $1.2M | $228K | — | View 990 |
| 2021 | $2.3M | $2.0M | $1.2M | $277K | — | View 990 |
| 2020 | $2.0M | $2.1M | $1.1M | $484K | — | View 990 |
| 2019 | $2.0M | $2.0M | $1.0M | $335K | — | View 990 |
| 2018 | $1.8M | $1.9M | $1.0M | $348K | — | View 990 |
| 2017 | $1.8M | $1.8M | $1.0M | $246K | — | View 990 |
| 2016 | $1.8M | $1.7M | $938K | $207K | — | View 990 |
| 2015 | $1.9M | $1.6M | $798K | $254K | — | View 990 |
| 2014 | $1.6M | $1.7M | $502K | $223K | — | View 990 |
| 2013 | $1.7M | $1.7M | $594K | $229K | — | View 990 |
| 2012 | $1.6M | $1.6M | $621K | $259K | — | View 990 |
| 2011 | $1.7M | $1.5M | $557K | $259K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.4M, and assets of $1.9M (revenue +19.5% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.2M, and assets of $1.2M (revenue -2.1% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.0M, and assets of $1.2M (revenue +15.1% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.1M, and assets of $1.1M (revenue +0.7% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $1.0M (revenue +10.9% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.9M, and assets of $1.0M (revenue -2.3% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $1.0M (revenue -0.4% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.7M, and assets of $938K (revenue -0.5% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.6M, and assets of $798K (revenue +13.2% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $502K (revenue -5.8% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $594K (revenue +6.2% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $621K (revenue -2.4% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.5M, and assets of $557K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charleston Development Acdemy:
Data Sources and Methodology
This transparency report for Charleston Development Acdemy 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.