Coral Academy Of Science Las Vegas
Coral Academy Of Science Las Vegas experiences rapid revenue and asset growth, with a recent operational deficit.
EIN: 208050294 · Las Vegas, NV · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $63.1M |
| Total Expenses | $54.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $63M |
| Net Assets | $2.7M |
| Transparency Score | 88/100 |
Is Coral Academy Of Science Las Vegas Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coral Academy Of Science Las Vegas directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coral Academy Of Science Las Vegas
Coral Academy Of Science Las Vegas (EIN: 208050294) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code B29. The organization reported total revenue of $63.1M and total assets of $145.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coral Academy Of Science Las Vegas's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coral Academy Of Science Las Vegas is a major nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 36.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51.9M |
| Total Expenses | $54.3M |
| Surplus / Deficit | $-2,444,469 |
| Total Assets | $131.1M |
| Total Liabilities | $128.4M |
| Net Assets | $2.7M |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 97.9% |
| Months of Reserves | 29.0 months |
Financial Health Grade: C
In 2023, Coral Academy Of Science Las Vegas reported a deficit of $2.4M with expenses exceeding revenue, holds 29.0 months of operating reserves (strong position), has a debt-to-asset ratio of 97.9% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Coral Academy Of Science Las Vegas's revenue has grown at a compound annual growth rate (CAGR) of 36.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.7% | +52.9% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
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 Coral Academy Of Science Las Vegas with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Coral Academy Of Science Las Vegas 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 97.9%.
Executive Compensation Analysis
The organization reports 0% officer compensation in both available filings, which is highly unusual for an organization of this size ($63M+ revenue, $145M+ assets) and suggests that executive leadership may be compensated through other means or that the organization relies heavily on volunteer leadership, which is a positive for directing funds 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 Coral Academy Of Science Las Vegas's IRS 990 filings:
- Expenses ($54,347,999) exceeded revenue ($51,903,530) in the 2023 period, indicating an operational deficit for that year.
- 0% officer compensation reported for an organization of this size is highly unusual and might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Coral Academy Of Science Las Vegas:
- Significant revenue growth from $37,959,990 to $63,128,037.
- Consistent asset growth from $128,598,796 to $145,519,824.
- Reported 0% officer compensation, suggesting high efficiency in directing funds to mission.
- Strong financial position with substantial assets ($145,519,824).
Frequently Asked Questions about Coral Academy Of Science Las Vegas
Is Coral Academy Of Science Las Vegas a legitimate charity?
Coral Academy Of Science Las Vegas (EIN: 208050294) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 88/100. It has 2 years of IRS 990 filings on record. Total revenue: $63.1M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Coral Academy Of Science Las Vegas spend its money?
Coral Academy Of Science Las Vegas directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Coral Academy Of Science Las Vegas tax-deductible?
Coral Academy Of Science Las Vegas is registered as a tax-exempt nonprofit (EIN: 208050294). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Coral Academy Of Science Las Vegas CEO make?
Coral Academy Of Science Las Vegas's highest-compensated officer earns $63M annually. The organization reported $63.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Coral Academy Of Science Las Vegas's spending goes to programs?
Coral Academy Of Science Las Vegas directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Coral Academy Of Science Las Vegas compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Coral Academy Of Science Las Vegas 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 Coral Academy Of Science Las Vegas located?
Coral Academy Of Science Las Vegas is headquartered in Las Vegas, Nevada and files with the IRS under EIN 208050294. It is classified under NTEE code B29.
How many years of IRS 990 filings does Coral Academy Of Science Las Vegas have?
Coral Academy Of Science Las Vegas has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $63.1M in total revenue.
Is Coral Academy Of Science Las Vegas a good charity?
Based on the available data, Coral Academy Of Science Las Vegas appears to be a well-managed organization with strong program focus and significant financial growth. The 0% officer compensation is a notable positive, indicating a commitment to mission-driven spending. However, the deficit in the 2023 period should be monitored.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, increasing from $37,959,990 in the 2022 period to $51,903,530 in the 2023 period, and currently stands at $63,128,037. This indicates a strong upward trend in financial support.
What is the organization's asset growth like?
Coral Academy Of Science Las Vegas has shown consistent asset growth, with assets increasing from $128,598,796 in the 2022 period to $131,132,198 in the 2023 period, and currently reported at $145,519,824. This suggests effective financial management and potentially successful capital accumulation.
Filing History
IRS 990 filing history for Coral Academy Of Science Las Vegas showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Coral Academy Of Science Las Vegas's revenue has grown by 36.7%, moving from $38.0M to $51.9M. Total assets increased by 2% over the same period, from $128.6M to $131.1M. Total functional expenses rose by 52.9%, from $35.5M to $54.3M. In its most recent filing year (2023), Coral Academy Of Science Las Vegas reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $128.4M in liabilities against $131.1M in assets (debt-to-asset ratio: 97.9%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51.9M | $54.3M | $131.1M | $128.4M | — | View 990 |
| 2022 | $38.0M | $35.5M | $128.6M | $123.4M | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coral Academy Of Science Las Vegas:
Data Sources and Methodology
This transparency report for Coral Academy Of Science Las Vegas 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.