Commonwealth Christian Academy Inc
Commonwealth Christian Academy Inc. faces persistent operating deficits and a significant decline in assets over the past decade.
EIN: 204368627 · Richmond, VA · NTEE: B250 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $308K |
| Total Expenses | $215K |
| Program Spending | 80% |
| Net Assets | $24K |
| Transparency Score | 45/100 |
Is Commonwealth Christian Academy Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Commonwealth Christian Academy Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Commonwealth Christian Academy Inc
Commonwealth Christian Academy Inc (EIN: 204368627) is a nonprofit organization based in Richmond, VA, classified under NTEE code B250. The organization reported total revenue of $308K and total assets of $58K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Commonwealth Christian Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Commonwealth Christian Academy Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $185K |
| Total Expenses | $215K |
| Surplus / Deficit | $-29,430 |
| Total Assets | $54K |
| Total Liabilities | $30K |
| Net Assets | $24K |
| Operating Margin | -15.9% |
| Debt-to-Asset Ratio | 55.7% |
| Months of Reserves | 3.0 months |
Financial Health Grade: C
In 2023, Commonwealth Christian Academy Inc reported a deficit of $29K with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 55.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Commonwealth Christian Academy Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.3% | +4.9% | -38.0% |
| 2022 | +1.0% | +13.6% | -12.5% |
| 2021 | -41.6% | -35.7% | -16.2% |
| 2020 | -44.6% | -69.6% | -37.6% |
| 2019 | +89.4% | +128.9% | -77.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Commonwealth Christian Academy Inc with a Mission Score of 45 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Commonwealth Christian Academy Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that officers are either uncompensated or compensated through mechanisms not classified as officer compensation, which is positive for minimizing overhead.
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 Commonwealth Christian Academy Inc's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2021).
- Significant decline in total assets from over $1 million in 2014-2016 to $57,619 currently.
- Liabilities have fluctuated but remain a notable portion of assets in recent years (e.g., $29,873 liabilities vs. $53,658 assets in 2023).
- Lack of detailed functional expense breakdown in the provided data limits full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Commonwealth Christian Academy Inc:
- No officer compensation reported across all 13 filings, indicating low executive overhead.
- Long filing history (13 filings) suggests consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Commonwealth Christian Academy Inc
Is Commonwealth Christian Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Commonwealth Christian Academy Inc (EIN: 204368627) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Commonwealth Christian Academy Inc spend its money?
Commonwealth Christian Academy Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Commonwealth Christian Academy Inc tax-deductible?
Commonwealth Christian Academy Inc is registered as a tax-exempt nonprofit (EIN: 204368627). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Commonwealth Christian Academy Inc's spending goes to programs?
Commonwealth Christian Academy Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Commonwealth Christian Academy Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Commonwealth Christian Academy Inc is near average for NTEE category B250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Commonwealth Christian Academy Inc located?
Commonwealth Christian Academy Inc is headquartered in Richmond, Virginia and files with the IRS under EIN 204368627. It is classified under NTEE code B250.
How many years of IRS 990 filings does Commonwealth Christian Academy Inc have?
Commonwealth Christian Academy 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 $308K in total revenue.
Why has Commonwealth Christian Academy Inc. experienced consistent operating deficits in recent years?
The provided data shows that expenses have consistently exceeded revenue in recent fiscal years (e.g., 2023, 2022, 2021), leading to an operational deficit. The specific reasons for this imbalance are not detailed in the summary data but warrant further investigation.
What is the cause of the significant decline in the organization's assets?
Assets have decreased dramatically from over $1 million in 2014-2016 to $57,619 currently. This decline is likely a direct consequence of the sustained operating deficits, where expenses consistently outpace revenue, forcing the organization to draw down its reserves or sell assets.
How does the organization plan to address its financial sustainability given the ongoing deficits?
The summary data does not provide information on the organization's strategies to address its financial challenges. Given the persistent deficits and declining assets, a clear plan for increasing revenue or reducing expenses would be critical for long-term sustainability.
What is the breakdown of program, administrative, and fundraising expenses?
The provided summary data does not include a detailed functional expense breakdown, making it difficult to precisely determine the percentages allocated to programs, administration, and fundraising. This information is crucial for assessing spending efficiency.
Filing History
IRS 990 filing history for Commonwealth Christian Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Commonwealth Christian Academy Inc's revenue has declined by 64.4%, moving from $520K to $185K. Total assets decreased by 95.1% over the same period, from $1.1M to $54K. Total functional expenses fell by 59.1%, from $525K to $215K. In its most recent filing year (2023), Commonwealth Christian Academy Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $30K in liabilities against $54K in assets (debt-to-asset ratio: 55.7%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $185K | $215K | $54K | $30K | — | — |
| 2022 | $165K | $205K | $87K | $33K | — | View 990 |
| 2021 | $163K | $180K | $99K | $6K | — | View 990 |
| 2020 | $280K | $280K | $118K | $8K | — | View 990 |
| 2019 | $506K | $921K | $189K | $78K | — | View 990 |
| 2018 | $267K | $402K | $831K | $305K | — | View 990 |
| 2017 | $328K | $431K | $955K | $293K | — | View 990 |
| 2016 | $383K | $402K | $1.0M | $269K | — | View 990 |
| 2015 | $482K | $495K | $1.1M | $277K | — | View 990 |
| 2014 | $525K | $583K | $1.1M | $294K | — | View 990 |
| 2013 | $268K | $340K | $1.1M | $269K | — | View 990 |
| 2012 | $781K | $548K | $1.2M | $249K | — | View 990 |
| 2011 | $520K | $525K | $1.1M | $409K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $185K, expenses of $215K, and assets of $54K (revenue +12.3% year-over-year).
- 2022: Revenue of $165K, expenses of $205K, and assets of $87K (revenue +1.0% year-over-year).
- 2021: Revenue of $163K, expenses of $180K, and assets of $99K (revenue -41.6% year-over-year).
- 2020: Revenue of $280K, expenses of $280K, and assets of $118K (revenue -44.6% year-over-year).
- 2019: Revenue of $506K, expenses of $921K, and assets of $189K (revenue +89.4% year-over-year).
- 2018: Revenue of $267K, expenses of $402K, and assets of $831K (revenue -18.6% year-over-year).
- 2017: Revenue of $328K, expenses of $431K, and assets of $955K (revenue -14.4% year-over-year).
- 2016: Revenue of $383K, expenses of $402K, and assets of $1.0M (revenue -20.5% year-over-year).
- 2015: Revenue of $482K, expenses of $495K, and assets of $1.1M (revenue -8.2% year-over-year).
- 2014: Revenue of $525K, expenses of $583K, and assets of $1.1M (revenue +95.7% year-over-year).
- 2013: Revenue of $268K, expenses of $340K, and assets of $1.1M (revenue -65.6% year-over-year).
- 2012: Revenue of $781K, expenses of $548K, and assets of $1.2M (revenue +50.2% year-over-year).
- 2011: Revenue of $520K, expenses of $525K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Commonwealth Christian Academy Inc:
Data Sources and Methodology
This transparency report for Commonwealth Christian Academy 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.