Clarkfield Area Charter School
Clarkfield Area Charter School faces long-term financial instability with liabilities consistently exceeding assets despite recent operational surpluses.
EIN: 113802231 · Clarkfield, MN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $701K |
| Total Expenses | $639K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $700,502 |
| Net Assets | $-225,092 |
| Transparency Score | 65/100 |
Is Clarkfield Area Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clarkfield Area Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clarkfield Area Charter School
Clarkfield Area Charter School (EIN: 113802231) is a nonprofit organization based in Clarkfield, MN, classified under NTEE code B29. The organization reported total revenue of $701K and total assets of $636K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clarkfield Area Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clarkfield Area Charter School is a small nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $701K |
| Total Expenses | $639K |
| Surplus / Deficit | +$61K |
| Total Assets | $636K |
| Total Liabilities | $862K |
| Net Assets | $-225,092 |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 135.4% |
| Months of Reserves | 11.9 months |
Financial Health Grade: A
In 2022, Clarkfield Area Charter School reported a surplus of $61K with revenue exceeding expenses, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 135.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Clarkfield Area Charter School's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -5.4% | -14.0% | +7.2% |
| 2021 | +5.4% | -3.7% | -20.1% |
| 2020 | -20.0% | -4.0% | -21.0% |
| 2019 | +17.5% | -13.1% | -20.4% |
| 2018 | +0.1% | -4.2% | -18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Clarkfield Area Charter School with a Mission Score of 65 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, Clarkfield Area Charter School 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 135.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is a positive sign for a small organization of this size (latest revenue $700,502) as it suggests resources are directed to programs.
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 Clarkfield Area Charter School's IRS 990 filings:
- Consistent negative net asset position (liabilities exceeding assets) since 2017, with 2022 showing $861,556 in liabilities against $636,464 in assets.
- Fluctuating revenue and expenses, with several years (e.g., 2018, 2020, 2021) showing expenses exceeding revenue, indicating operational deficits.
Strengths
The following positive indicators were identified for Clarkfield Area Charter School:
- Zero reported officer compensation across all filings, indicating a strong commitment to directing funds to the organization's mission.
- Recent operational surplus in 2022 ($700,502 revenue vs. $639,399 expenses), reversing a trend of deficits in prior years.
Frequently Asked Questions about Clarkfield Area Charter School
Is Clarkfield Area Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Clarkfield Area Charter School (EIN: 113802231) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Clarkfield Area Charter School spend its money?
Clarkfield Area Charter School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clarkfield Area Charter School tax-deductible?
Clarkfield Area Charter School is registered as a tax-exempt nonprofit (EIN: 113802231). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Clarkfield Area Charter School CEO make?
Clarkfield Area Charter School's highest-compensated officer earns $700,502 annually. The organization reported $701K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Clarkfield Area Charter School's spending goes to programs?
Clarkfield Area Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Clarkfield Area Charter School compare to similar nonprofits?
With a transparency score of 65/100 (Good), Clarkfield Area Charter School 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 Clarkfield Area Charter School located?
Clarkfield Area Charter School is headquartered in Clarkfield, Minnesota and files with the IRS under EIN 113802231. It is classified under NTEE code B29.
How many years of IRS 990 filings does Clarkfield Area Charter School have?
Clarkfield Area Charter School has 12 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 $701K in total revenue.
Is Clarkfield Area Charter School financially stable?
The school's financial stability is a concern. While the latest period (2022) shows a revenue surplus ($700,502 revenue vs. $639,399 expenses), its liabilities ($861,556) significantly exceed its assets ($636,464), indicating a negative net asset position that has persisted for several years.
How has the school's financial health changed over time?
The school's financial health has deteriorated in terms of net assets. While early filings (2013-2016) showed assets generally exceeding liabilities, from 2017 onwards, liabilities have consistently been higher than assets, reaching a peak in 2018 with liabilities of $1,467,366 against assets of $1,180,855.
Does the school spend efficiently on its programs?
With 0% officer compensation reported, it suggests a high dedication of resources to the mission. While specific program spending ratios aren't detailed, the absence of executive salaries is a strong indicator of efficient resource allocation at the top level.
Filing History
IRS 990 filing history for Clarkfield Area Charter School showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Clarkfield Area Charter School's revenue has declined by 10.4%, moving from $782K to $701K. Total assets increased by 1.3% over the same period, from $628K to $636K. Total functional expenses fell by 10%, from $711K to $639K. In its most recent filing year (2022), Clarkfield Area Charter School reported a surplus of $61K, with revenue exceeding expenses. The organization holds $862K in liabilities against $636K in assets (debt-to-asset ratio: 135.4%), resulting in net assets of $-225,092.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $701K | $639K | $636K | $862K | — | View 990 |
| 2021 | $740K | $743K | $594K | $880K | — | View 990 |
| 2020 | $702K | $772K | $743K | $1.0M | — | View 990 |
| 2019 | $878K | $804K | $940K | $1.2M | — | View 990 |
| 2018 | $747K | $925K | $1.2M | $1.5M | — | View 990 |
| 2017 | $747K | $966K | $1.4M | $1.5M | — | View 990 |
| 2016 | $786K | $829K | $717K | $607K | — | View 990 |
| 2015 | $815K | $804K | $743K | $579K | — | View 990 |
| 2014 | $753K | $796K | $685K | $68K | — | View 990 |
| 2013 | $823K | $775K | $722K | $62K | — | View 990 |
| 2012 | $776K | $730K | $674K | $63K | — | View 990 |
| 2011 | $782K | $711K | $628K | $63K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $701K, expenses of $639K, and assets of $636K (revenue -5.4% year-over-year).
- 2021: Revenue of $740K, expenses of $743K, and assets of $594K (revenue +5.4% year-over-year).
- 2020: Revenue of $702K, expenses of $772K, and assets of $743K (revenue -20.0% year-over-year).
- 2019: Revenue of $878K, expenses of $804K, and assets of $940K (revenue +17.5% year-over-year).
- 2018: Revenue of $747K, expenses of $925K, and assets of $1.2M (revenue +0.1% year-over-year).
- 2017: Revenue of $747K, expenses of $966K, and assets of $1.4M (revenue -5.0% year-over-year).
- 2016: Revenue of $786K, expenses of $829K, and assets of $717K (revenue -3.5% year-over-year).
- 2015: Revenue of $815K, expenses of $804K, and assets of $743K (revenue +8.2% year-over-year).
- 2014: Revenue of $753K, expenses of $796K, and assets of $685K (revenue -8.5% year-over-year).
- 2013: Revenue of $823K, expenses of $775K, and assets of $722K (revenue +6.1% year-over-year).
- 2012: Revenue of $776K, expenses of $730K, and assets of $674K (revenue -0.8% year-over-year).
- 2011: Revenue of $782K, expenses of $711K, and assets of $628K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clarkfield Area Charter School:
Data Sources and Methodology
This transparency report for Clarkfield Area Charter School 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.