Drexel Preparatory Academy
EIN: 271007082 · Whites Creek, TN · NTEE: B29
| Metric | Value |
|---|---|
| Total Expenses | $3.0M |
| Net Assets | $117K |
Is Drexel Preparatory Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Drexel Preparatory Academy
Drexel Preparatory Academy (EIN: 271007082) is a nonprofit organization based in Whites Creek, TN, classified under NTEE code B29. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drexel Preparatory Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Drexel Preparatory Academy is a mid-size nonprofit that has been operating for 16 years, with 2 years of IRS 990 filings on record (2012–2013). Revenue has grown at a compound annual rate of 19.4%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-126,111 |
| Total Assets | $493K |
| Total Liabilities | $376K |
| Net Assets | $117K |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 76.2% |
| Months of Reserves | 2.0 months |
Financial Health Grade: D
In 2013, Drexel Preparatory Academy reported a deficit of $126K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 76.2% (high leverage).
Financial Trends
Over 2 years of filings (2012–2013), Drexel Preparatory Academy's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | +19.4% | +25.3% | +523.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Drexel Preparatory Academy 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 Drexel Preparatory Academy 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 (2013)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $126K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.2%.
Frequently Asked Questions about Drexel Preparatory Academy
Is Drexel Preparatory Academy a legitimate charity?
Drexel Preparatory Academy (EIN: 271007082) is a registered tax-exempt nonprofit based in Tennessee. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: D.
How does Drexel Preparatory Academy spend its money?
Drexel Preparatory Academy reported its financials in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Drexel Preparatory Academy tax-deductible?
Drexel Preparatory Academy is registered as a tax-exempt nonprofit (EIN: 271007082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Drexel Preparatory Academy located?
Drexel Preparatory Academy is headquartered in Whites Creek, Tennessee and files with the IRS under EIN 271007082. It is classified under NTEE code B29.
How many years of IRS 990 filings does Drexel Preparatory Academy have?
Drexel Preparatory Academy has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Drexel Preparatory Academy showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2012–2013), Drexel Preparatory Academy's revenue has grown by 19.4%, moving from $2.4M to $2.9M. Total assets increased by 523.4% over the same period, from $79K to $493K. Total functional expenses rose by 25.3%, from $2.4M to $3.0M. In its most recent filing year (2013), Drexel Preparatory Academy reported a deficit of $126K, with expenses exceeding revenue. The organization holds $376K in liabilities against $493K in assets (debt-to-asset ratio: 76.2%), resulting in net assets of $117K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $2.9M | $3.0M | $493K | $376K | — | View 990 |
| 2012 | $2.4M | $2.4M | $79K | $46K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Drexel Preparatory Academy:
Data Sources and Methodology
This transparency report for Drexel Preparatory Academy 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.