Cocheco Academy Of The Arts Charter School
Cocheco Academy Of The Arts Charter School maintains consistent operations but carries significant liabilities relative to assets.
EIN: 201223676 · Epping, NH · NTEE: B20 · Updated: 2026-03-28
Is Cocheco Academy Of The Arts Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cocheco Academy Of The Arts Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cocheco Academy Of The Arts Charter School
Cocheco Academy Of The Arts Charter School (EIN: 201223676) is a nonprofit organization based in Epping, NH, classified under NTEE code B20. The organization reported total revenue of $448K and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cocheco Academy Of The Arts Charter School'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 Cocheco Academy Of The Arts Charter School with a Mission Score of 70 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, Cocheco Academy Of The Arts 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.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting either a volunteer executive leadership or compensation levels below the IRS reporting threshold, which is generally positive for resource allocation to the mission.
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 Cocheco Academy Of The Arts Charter School's IRS 990 filings:
- High liabilities relative to assets (e.g., $671,546 liabilities vs. $237,386 assets in 202106)
- Frequent periods where expenses exceed revenue, indicating tight operational margins (e.g., 202006, 201906, 201806)
Strengths
The following positive indicators were identified for Cocheco Academy Of The Arts Charter School:
- Consistent revenue generation over multiple years, indicating stable operations.
- No reported officer compensation, suggesting efficient use of funds for mission-related activities.
- Consistent filing of IRS Form 990s, demonstrating good financial transparency and compliance.
Frequently Asked Questions about Cocheco Academy Of The Arts Charter School
Is Cocheco Academy Of The Arts Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Cocheco Academy Of The Arts Charter School (EIN: 201223676) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Cocheco Academy Of The Arts Charter School spend its money?
Cocheco Academy Of The Arts Charter School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cocheco Academy Of The Arts Charter School tax-deductible?
Cocheco Academy Of The Arts Charter School is registered as a tax-exempt nonprofit (EIN: 201223676). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of the high liabilities reported by Cocheco Academy Of The Arts Charter School?
The IRS 990 filings show a significant increase in liabilities from $152,166 in 201706 to $669,833 in 201806, remaining high at $671,546 in 202106. This could be due to long-term debt for facilities, bonds, or other significant financial obligations. Further investigation into the 990s' balance sheet details would be needed to identify the specific types of liabilities.
Is Cocheco Academy Of The Arts Charter School financially sustainable given its liabilities?
While the organization has consistent revenue, the high liabilities relative to assets (e.g., $237,386 assets vs. $671,546 liabilities in 202106) raise questions about long-term financial sustainability. The ability to service this debt and maintain operations would depend on the terms of the liabilities and future revenue stability.
How does the organization manage its expenses relative to its revenue?
Cocheco Academy Of The Arts Charter School frequently operates with expenses closely matching or slightly exceeding revenue, as seen in periods like 202006 (expenses $413,447 vs. revenue $387,423) and 201906 (expenses $518,946 vs. revenue $514,959). This indicates a tight budget and limited surplus generation in many years.
Filing History
IRS 990 filing history for Cocheco Academy Of The Arts Charter School showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Cocheco Academy Of The Arts Charter School's revenue has declined by 21.1%, moving from $576K to $455K. Total assets increased by 85.2% over the same period, from $128K to $237K. Total functional expenses fell by 23.6%, from $561K to $429K. In its most recent filing year (2021), Cocheco Academy Of The Arts Charter School reported a surplus of $26K, with revenue exceeding expenses. The organization holds $672K in liabilities against $237K in assets (debt-to-asset ratio: 282.9%), resulting in net assets of $-434,160.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $455K | $429K | $237K | $672K | — | View 990 |
| 2020 | $387K | $413K | $208K | $668K | — | View 990 |
| 2019 | $515K | $519K | $226K | $660K | — | View 990 |
| 2018 | $482K | $500K | $240K | $670K | — | View 990 |
| 2017 | $529K | $485K | $102K | $152K | — | View 990 |
| 2016 | $446K | $462K | $92K | $186K | — | View 990 |
| 2015 | $483K | $446K | $116K | $194K | — | View 990 |
| 2014 | $486K | $466K | $93K | $211K | — | View 990 |
| 2013 | $470K | $566K | $91K | $228K | — | — |
| 2012 | $533K | $592K | $158K | $199K | — | — |
| 2011 | $576K | $561K | $128K | $110K | — | — |
Year-by-Year Financial Summary
- 2021: Revenue of $455K, expenses of $429K, and assets of $237K (revenue +17.4% year-over-year).
- 2020: Revenue of $387K, expenses of $413K, and assets of $208K (revenue -24.8% year-over-year).
- 2019: Revenue of $515K, expenses of $519K, and assets of $226K (revenue +6.8% year-over-year).
- 2018: Revenue of $482K, expenses of $500K, and assets of $240K (revenue -8.9% year-over-year).
- 2017: Revenue of $529K, expenses of $485K, and assets of $102K (revenue +18.6% year-over-year).
- 2016: Revenue of $446K, expenses of $462K, and assets of $92K (revenue -7.7% year-over-year).
- 2015: Revenue of $483K, expenses of $446K, and assets of $116K (revenue -0.5% year-over-year).
- 2014: Revenue of $486K, expenses of $466K, and assets of $93K (revenue +3.4% year-over-year).
- 2013: Revenue of $470K, expenses of $566K, and assets of $91K (revenue -11.8% year-over-year).
- 2012: Revenue of $533K, expenses of $592K, and assets of $158K (revenue -7.5% year-over-year).
- 2011: Revenue of $576K, expenses of $561K, and assets of $128K.
Data Sources and Methodology
This transparency report for Cocheco Academy Of The Arts 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.