Cygnet School Corporation
EIN: 841769542 · Plant City, FL · NTEE: B24
| Metric | Value |
|---|---|
| Total Revenue | $1000K |
| Total Expenses | $757K |
| Net Assets | $224K |
Is Cygnet School Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cygnet School Corporation
Cygnet School Corporation (EIN: 841769542) is a nonprofit organization based in Plant City, FL, classified under NTEE code B24. The organization reported total revenue of $1000K and total assets of $241K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cygnet School Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cygnet School Corporation is a small nonprofit that has been operating for 5 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 51.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $846K |
| Total Expenses | $757K |
| Surplus / Deficit | +$90K |
| Total Assets | $264K |
| Total Liabilities | $40K |
| Net Assets | $224K |
| Operating Margin | 10.6% |
| Debt-to-Asset Ratio | 15.1% |
| Months of Reserves | 4.2 months |
Financial Health Grade: A
In 2023, Cygnet School Corporation reported a surplus of $90K with revenue exceeding expenses, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 15.1% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Cygnet School Corporation's revenue has grown at a compound annual growth rate (CAGR) of 51.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +235.1% | +274.4% | +50.9% |
| 2022 | -31.9% | -33.2% | +41.1% |
| 2021 | +16.9% | -8.3% | +689.1% |
| 2020 | +97.6% | +149.9% | -44.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cygnet School Corporation 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 Cygnet School Corporation 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 surplus of $90K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.1%.
Frequently Asked Questions about Cygnet School Corporation
Is Cygnet School Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cygnet School Corporation (EIN: 841769542) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cygnet School Corporation spend its money?
Detailed spending breakdown data is not yet available for Cygnet School Corporation. Check back for updated IRS 990 analysis.
Are donations to Cygnet School Corporation tax-deductible?
Cygnet School Corporation is registered as a tax-exempt nonprofit (EIN: 841769542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cygnet School Corporation located?
Cygnet School Corporation is headquartered in Plant City, Florida and files with the IRS under EIN 841769542. It is classified under NTEE code B24.
How many years of IRS 990 filings does Cygnet School Corporation have?
Cygnet School Corporation has 5 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 $1000K in total revenue.
Filing History
IRS 990 filing history for Cygnet School Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Cygnet School Corporation's revenue has grown by 427%, moving from $161K to $846K. Total assets increased by 827% over the same period, from $28K to $264K. Total functional expenses rose by 472.8%, from $132K to $757K. In its most recent filing year (2023), Cygnet School Corporation reported a surplus of $90K, with revenue exceeding expenses. The organization holds $40K in liabilities against $264K in assets (debt-to-asset ratio: 15.1%), resulting in net assets of $224K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $846K | $757K | $264K | $40K | — | View 990 |
| 2022 | $252K | $202K | $175K | $40K | — | View 990 |
| 2021 | $371K | $303K | $124K | $40K | — | View 990 |
| 2020 | $317K | $330K | $16K | $1 | — | — |
| 2019 | $161K | $132K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $846K, expenses of $757K, and assets of $264K (revenue +235.1% year-over-year).
- 2022: Revenue of $252K, expenses of $202K, and assets of $175K (revenue -31.9% year-over-year).
- 2021: Revenue of $371K, expenses of $303K, and assets of $124K (revenue +16.9% year-over-year).
- 2020: Revenue of $317K, expenses of $330K, and assets of $16K (revenue +97.6% year-over-year).
- 2019: Revenue of $161K, expenses of $132K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cygnet School Corporation:
Data Sources and Methodology
This transparency report for Cygnet School Corporation 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.