Choice Academies Inc
Choice Academies Inc. maintains stable operations with consistent revenue growth and no reported officer compensation.
EIN: 208809933 · Phoenix, AZ · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.1M |
| Total Expenses | $7.5M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $2.6M |
| Transparency Score | 80/100 |
Is Choice Academies Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Choice Academies Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Choice Academies Inc
Choice Academies Inc (EIN: 208809933) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code B29. The organization reported total revenue of $7.1M and total assets of $17.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Choice Academies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Choice Academies Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.2M |
| Total Expenses | $7.5M |
| Surplus / Deficit | +$692K |
| Total Assets | $17.0M |
| Total Liabilities | $14.4M |
| Net Assets | $2.6M |
| Operating Margin | 8.5% |
| Debt-to-Asset Ratio | 84.9% |
| Months of Reserves | 27.3 months |
Financial Health Grade: A
In 2023, Choice Academies Inc reported a surplus of $692K with revenue exceeding expenses, holds 27.3 months of operating reserves (strong position), has a debt-to-asset ratio of 84.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Choice Academies Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.2% | +12.1% | +5.8% |
| 2022 | +20.6% | +13.0% | -2.2% |
| 2021 | -18.6% | -9.0% | -2.8% |
| 2020 | -3.8% | -18.8% | -0.1% |
| 2019 | -4.8% | -3.8% | -0.7% |
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 Choice Academies Inc with a Mission Score of 80 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Choice Academies Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $692K, with revenue exceeding expenses.
- Debt-to-asset ratio: 84.9%.
Executive Compensation Analysis
Choice Academies Inc. consistently reports 0% officer compensation across all available filings, which is unusual for an organization with annual revenues exceeding $7 million. This suggests either a volunteer executive leadership or that compensation is reported under different expense categories, potentially impacting transparency.
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 Choice Academies Inc's IRS 990 filings:
- Consistent 0% reported officer compensation for an organization of this size, potentially indicating a lack of transparency in executive remuneration.
- High liabilities relative to assets (e.g., $14.4M liabilities vs. $16.9M assets in 2023), which could indicate significant debt or other long-term obligations.
Strengths
The following positive indicators were identified for Choice Academies Inc:
- Consistent revenue growth, with 2023 revenue at $8,153,698, up from $7,018,767 in 2022.
- Revenues generally exceed expenses in recent years, indicating sound financial management (e.g., 2023 revenue $8,153,698 vs. expenses $7,462,001).
- Stable asset base, consistently around $16-17 million over the past decade.
- Strong estimated program spending ratio of 75%, indicating a focus on its mission.
Frequently Asked Questions about Choice Academies Inc
Is Choice Academies Inc a legitimate charity?
Choice Academies Inc (EIN: 208809933) is a registered tax-exempt nonprofit based in Arizona. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Choice Academies Inc spend its money?
Choice Academies Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Choice Academies Inc tax-deductible?
Choice Academies Inc is registered as a tax-exempt nonprofit (EIN: 208809933). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Choice Academies Inc CEO make?
Choice Academies Inc's highest-compensated officer earns $7 annually. The organization reported $7.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Choice Academies Inc's spending goes to programs?
Choice Academies Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Choice Academies Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Choice Academies Inc 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 Choice Academies Inc located?
Choice Academies Inc is headquartered in Phoenix, Arizona and files with the IRS under EIN 208809933. It is classified under NTEE code B29.
How many years of IRS 990 filings does Choice Academies Inc have?
Choice Academies Inc 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 $7.1M in total revenue.
Why is officer compensation consistently reported as 0%?
The IRS 990 filings for Choice Academies Inc. consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently within the financial statements, which would require further clarification for full transparency.
What is the nature of the high liabilities reported?
The organization consistently reports high liabilities, often exceeding $14 million against assets of $16-17 million. Understanding the composition of these liabilities (e.g., mortgages, bonds, program-related investments) is crucial to assess long-term financial risk and stability.
How does Choice Academies Inc. ensure its program spending is efficient and impactful?
With an estimated 75% of expenses dedicated to programs, the organization appears to prioritize its mission. Further details on program outcomes and impact metrics would provide a more complete picture of its effectiveness in achieving its educational goals.
Filing History
IRS 990 filing history for Choice Academies Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Choice Academies Inc's revenue has grown by 202.8%, moving from $2.7M to $8.2M. Total assets increased by 2209.6% over the same period, from $736K to $17.0M. Total functional expenses rose by 207%, from $2.4M to $7.5M. In its most recent filing year (2023), Choice Academies Inc reported a surplus of $692K, with revenue exceeding expenses. The organization holds $14.4M in liabilities against $17.0M in assets (debt-to-asset ratio: 84.9%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.2M | $7.5M | $17.0M | $14.4M | — | — |
| 2022 | $7.0M | $6.7M | $16.1M | $14.2M | — | View 990 |
| 2021 | $5.8M | $5.9M | $16.4M | $14.9M | — | View 990 |
| 2020 | $7.2M | $6.5M | $16.9M | $15.3M | — | View 990 |
| 2019 | $7.4M | $8.0M | $16.9M | $16.0M | — | View 990 |
| 2018 | $7.8M | $8.3M | $17.0M | $15.7M | — | View 990 |
| 2017 | $8.5M | $8.4M | $16.5M | $14.8M | — | View 990 |
| 2016 | $7.9M | $7.8M | $16.7M | $15.0M | — | View 990 |
| 2015 | $7.4M | $7.2M | $16.8M | $15.2M | — | View 990 |
| 2014 | $6.7M | $6.3M | $16.8M | $15.5M | — | View 990 |
| 2013 | $4.8M | $4.7M | $17.0M | $16.1M | — | View 990 |
| 2012 | $3.5M | $3.2M | $1.3M | $478K | — | View 990 |
| 2011 | $2.7M | $2.4M | $736K | $251K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.2M, expenses of $7.5M, and assets of $17.0M (revenue +16.2% year-over-year).
- 2022: Revenue of $7.0M, expenses of $6.7M, and assets of $16.1M (revenue +20.6% year-over-year).
- 2021: Revenue of $5.8M, expenses of $5.9M, and assets of $16.4M (revenue -18.6% year-over-year).
- 2020: Revenue of $7.2M, expenses of $6.5M, and assets of $16.9M (revenue -3.8% year-over-year).
- 2019: Revenue of $7.4M, expenses of $8.0M, and assets of $16.9M (revenue -4.8% year-over-year).
- 2018: Revenue of $7.8M, expenses of $8.3M, and assets of $17.0M (revenue -8.5% year-over-year).
- 2017: Revenue of $8.5M, expenses of $8.4M, and assets of $16.5M (revenue +8.1% year-over-year).
- 2016: Revenue of $7.9M, expenses of $7.8M, and assets of $16.7M (revenue +6.4% year-over-year).
- 2015: Revenue of $7.4M, expenses of $7.2M, and assets of $16.8M (revenue +10.6% year-over-year).
- 2014: Revenue of $6.7M, expenses of $6.3M, and assets of $16.8M (revenue +40.4% year-over-year).
- 2013: Revenue of $4.8M, expenses of $4.7M, and assets of $17.0M (revenue +35.2% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.2M, and assets of $1.3M (revenue +31.2% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.4M, and assets of $736K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Choice Academies Inc:
Data Sources and Methodology
This transparency report for Choice Academies 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.