Cultural Academy For Excellence Inc
EIN: 522127756 · Mitchellville, MD · NTEE: A6E
| Metric | Value |
|---|---|
| Total Revenue | $385K |
| Total Expenses | $390K |
| Net Assets | $50K |
Is Cultural Academy For Excellence Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cultural Academy For Excellence Inc
Cultural Academy For Excellence Inc (EIN: 522127756) is a nonprofit organization based in Mitchellville, MD, classified under NTEE code A6E. The organization reported total revenue of $385K and total assets of $62K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cultural Academy For Excellence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cultural Academy For Excellence Inc is a small nonprofit that has been operating for 23 years, with 7 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $385K |
| Total Expenses | $390K |
| Surplus / Deficit | $-5,164 |
| Total Assets | $62K |
| Total Liabilities | $12K |
| Net Assets | $50K |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 1.9 months |
Financial Health Grade: C
In 2023, Cultural Academy For Excellence Inc reported a deficit of $5K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
Over 7 years of filings (2011–2023), Cultural Academy For Excellence Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +95.0% | +86.4% | +344.8% |
| 2017 | -4.4% | +11.6% | -53.1% |
| 2016 | +37.3% | +40.6% | +153.3% |
| 2015 | -5.2% | -18.7% | -23.0% |
| 2014 | -2.6% | +0.1% | +64.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cultural Academy For Excellence Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cultural Academy For Excellence Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.1%.
Frequently Asked Questions about Cultural Academy For Excellence Inc
Is Cultural Academy For Excellence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cultural Academy For Excellence Inc (EIN: 522127756) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cultural Academy For Excellence Inc spend its money?
Detailed spending breakdown data is not yet available for Cultural Academy For Excellence Inc. Check back for updated IRS 990 analysis.
Are donations to Cultural Academy For Excellence Inc tax-deductible?
Cultural Academy For Excellence Inc is registered as a tax-exempt nonprofit (EIN: 522127756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cultural Academy For Excellence Inc located?
Cultural Academy For Excellence Inc is headquartered in Mitchellville, Maryland and files with the IRS under EIN 522127756. It is classified under NTEE code A6E.
How many years of IRS 990 filings does Cultural Academy For Excellence Inc have?
Cultural Academy For Excellence Inc has 7 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 $385K in total revenue.
Filing History
IRS 990 filing history for Cultural Academy For Excellence Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2023), Cultural Academy For Excellence Inc's revenue has grown by 103.2%, moving from $190K to $385K. Total assets increased by 1061.1% over the same period, from $5K to $62K. Total functional expenses rose by 84.4%, from $212K to $390K. In its most recent filing year (2023), Cultural Academy For Excellence Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $12K in liabilities against $62K in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $385K | $390K | $62K | $12K | — | — |
| 2017 | $197K | $209K | $14K | $8K | — | View 990 |
| 2016 | $206K | $188K | $30K | $12K | — | View 990 |
| 2015 | $150K | $133K | $12K | $13K | — | View 990 |
| 2014 | $159K | $164K | $15K | $33K | — | View 990 |
| 2012 | $163K | $164K | $9K | $43K | — | View 990 |
| 2011 | $190K | $212K | $5K | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $385K, expenses of $390K, and assets of $62K (revenue +95.0% year-over-year).
- 2017: Revenue of $197K, expenses of $209K, and assets of $14K (revenue -4.4% year-over-year).
- 2016: Revenue of $206K, expenses of $188K, and assets of $30K (revenue +37.3% year-over-year).
- 2015: Revenue of $150K, expenses of $133K, and assets of $12K (revenue -5.2% year-over-year).
- 2014: Revenue of $159K, expenses of $164K, and assets of $15K (revenue -2.6% year-over-year).
- 2012: Revenue of $163K, expenses of $164K, and assets of $9K (revenue -14.0% year-over-year).
- 2011: Revenue of $190K, expenses of $212K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cultural Academy For Excellence Inc:
Data Sources and Methodology
This transparency report for Cultural Academy For Excellence 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.