Charter High School Of Arts Association
Charter High School Of Arts Association shows consistent revenue and significant asset growth, with no reported officer compensation.
EIN: 201863927 · Van Nuys, CA · NTEE: B29 · Updated: 2026-03-28
Is Charter High School Of Arts Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charter High School Of Arts Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charter High School Of Arts Association
Charter High School Of Arts Association (EIN: 201863927) is a nonprofit organization based in Van Nuys, CA, classified under NTEE code B29. The organization reported total revenue of $8.5M and total assets of $22.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charter High School Of Arts Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charter High School Of Arts Association 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Charter High School Of Arts Association allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive sign for a nonprofit of its size, with annual revenues consistently in the $8-10 million range.
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 Charter High School Of Arts Association's IRS 990 filings:
- Significant increase in liabilities without detailed explanation in public filings
Strengths
The following positive indicators were identified for Charter High School Of Arts Association:
- Consistent revenue generation over a decade
- Substantial asset growth, indicating investment in mission capacity
- 0% reported officer compensation, demonstrating strong financial stewardship
- Expenses generally align with revenues, indicating efficient use of funds
- Positive net assets, even with high liabilities
Frequently Asked Questions about Charter High School Of Arts Association
Is Charter High School Of Arts Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Charter High School Of Arts Association (EIN: 201863927) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Charter High School Of Arts Association spend its money?
Charter High School Of Arts Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charter High School Of Arts Association tax-deductible?
Charter High School Of Arts Association is registered as a tax-exempt nonprofit (EIN: 201863927). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Charter High School Of Arts Association financially stable?
Yes, the organization appears financially stable, consistently generating revenues to cover expenses. Its assets have grown substantially, reaching over $23 million in 2023, indicating a strong financial position, though accompanied by increased liabilities.
What caused the significant increase in assets and liabilities between 2021 and 2022?
The dramatic increase in assets from $4,973,276 in 2021 to $22,520,098 in 2022, alongside a similar rise in liabilities, strongly suggests a major capital investment, likely in property, plant, or equipment, possibly through debt financing.
How does the organization manage its debt given the high liabilities?
With liabilities reaching nearly $20 million in 2023, the organization is carrying significant debt. Its ability to consistently generate revenue and maintain a positive net asset position (Assets $23,520,321 - Liabilities $19,953,999 = $3,566,322 in 2023) suggests it is managing this debt, but the specifics of repayment schedules and interest burdens would require deeper analysis of its financial statements.
Filing History
IRS 990 filing history for Charter High School Of Arts Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Charter High School Of Arts Association's revenue has grown by 54.3%, moving from $6.3M to $9.8M. Total assets increased by 1363.6% over the same period, from $1.6M to $23.5M. Total functional expenses rose by 37.3%, from $6.2M to $8.5M. In its most recent filing year (2023), Charter High School Of Arts Association reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $20.0M in liabilities against $23.5M in assets (debt-to-asset ratio: 84.8%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $9.8M | $8.5M | $23.5M | $20.0M | — | — |
| 2022 | $9.1M | $9.3M | $22.5M | $20.3M | — | View 990 |
| 2021 | $9.9M | $8.2M | $5.0M | $2.5M | — | View 990 |
| 2020 | $9.2M | $9.3M | $3.2M | $2.4M | — | View 990 |
| 2019 | $10.3M | $10.2M | $2.1M | $1.1M | — | View 990 |
| 2018 | $9.0M | $9.4M | $1.8M | $967K | — | View 990 |
| 2017 | $9.1M | $9.1M | $1.8M | $514K | — | View 990 |
| 2016 | $8.8M | $8.5M | $2.0M | $738K | — | View 990 |
| 2015 | $9.0M | $8.3M | $2.2M | $1.2M | — | View 990 |
| 2014 | $8.4M | $8.2M | $2.4M | $2.2M | — | View 990 |
| 2013 | $7.9M | $7.8M | $1.6M | $1.6M | — | View 990 |
| 2012 | $7.5M | $7.3M | $1.7M | $1.8M | — | View 990 |
| 2011 | $6.3M | $6.2M | $1.6M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.8M, expenses of $8.5M, and assets of $23.5M (revenue +7.5% year-over-year).
- 2022: Revenue of $9.1M, expenses of $9.3M, and assets of $22.5M (revenue -8.0% year-over-year).
- 2021: Revenue of $9.9M, expenses of $8.2M, and assets of $5.0M (revenue +7.7% year-over-year).
- 2020: Revenue of $9.2M, expenses of $9.3M, and assets of $3.2M (revenue -10.8% year-over-year).
- 2019: Revenue of $10.3M, expenses of $10.2M, and assets of $2.1M (revenue +14.3% year-over-year).
- 2018: Revenue of $9.0M, expenses of $9.4M, and assets of $1.8M (revenue -1.5% year-over-year).
- 2017: Revenue of $9.1M, expenses of $9.1M, and assets of $1.8M (revenue +3.2% year-over-year).
- 2016: Revenue of $8.8M, expenses of $8.5M, and assets of $2.0M (revenue -1.8% year-over-year).
- 2015: Revenue of $9.0M, expenses of $8.3M, and assets of $2.2M (revenue +7.8% year-over-year).
- 2014: Revenue of $8.4M, expenses of $8.2M, and assets of $2.4M (revenue +5.8% year-over-year).
- 2013: Revenue of $7.9M, expenses of $7.8M, and assets of $1.6M (revenue +5.6% year-over-year).
- 2012: Revenue of $7.5M, expenses of $7.3M, and assets of $1.7M (revenue +18.3% year-over-year).
- 2011: Revenue of $6.3M, expenses of $6.2M, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Charter High School Of Arts Association 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.