Eagle Arts Academy Inc
EIN: 462397280 · West Palm Bch, FL · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $5.5M |
| Net Assets | $-129,709 |
Is Eagle Arts Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Eagle Arts Academy Inc
Eagle Arts Academy Inc (EIN: 462397280) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code B29. The organization reported total revenue of $5.4M and total assets of $268K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eagle Arts Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eagle Arts Academy Inc is a mid-size nonprofit that has been operating for 10 years, with 3 years of IRS 990 filings on record (2015–2017). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.4M |
| Total Expenses | $5.5M |
| Surplus / Deficit | $-181,957 |
| Total Assets | $268K |
| Total Liabilities | $398K |
| Net Assets | $-129,709 |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 148.3% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2017, Eagle Arts Academy Inc reported a deficit of $182K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 148.3% (high leverage).
Financial Trends
Over 3 years of filings (2015–2017), Eagle Arts Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +5.2% | +9.7% | -43.2% |
| 2016 | +4.2% | +5.3% | +25.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Eagle Arts Academy 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 Eagle Arts Academy 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $182K, with expenses exceeding revenue.
- Debt-to-asset ratio: 148.3%.
Frequently Asked Questions about Eagle Arts Academy Inc
Is Eagle Arts Academy Inc a legitimate charity?
Eagle Arts Academy Inc (EIN: 462397280) is a registered tax-exempt nonprofit based in Florida. It has 3 years of IRS 990 filings on record. Total revenue: $5.4M. No red flags identified. Financial health grade: D.
How does Eagle Arts Academy Inc spend its money?
Eagle Arts Academy Inc reported $5.4M in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Eagle Arts Academy Inc tax-deductible?
Eagle Arts Academy Inc is registered as a tax-exempt nonprofit (EIN: 462397280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Eagle Arts Academy Inc located?
Eagle Arts Academy Inc is headquartered in West Palm Bch, Florida and files with the IRS under EIN 462397280. It is classified under NTEE code B29.
How many years of IRS 990 filings does Eagle Arts Academy Inc have?
Eagle Arts Academy Inc has 3 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 $5.4M in total revenue.
Filing History
IRS 990 filing history for Eagle Arts Academy Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2015–2017), Eagle Arts Academy Inc's revenue has grown by 9.7%, moving from $4.9M to $5.4M. Total assets decreased by 29.1% over the same period, from $378K to $268K. Total functional expenses rose by 15.5%, from $4.8M to $5.5M. In its most recent filing year (2017), Eagle Arts Academy Inc reported a deficit of $182K, with expenses exceeding revenue. The organization holds $398K in liabilities against $268K in assets (debt-to-asset ratio: 148.3%), resulting in net assets of $-129,709.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $5.4M | $5.5M | $268K | $398K | — | — |
| 2016 | $5.1M | $5.0M | $473K | $420K | — | View 990 |
| 2015 | $4.9M | $4.8M | $378K | $287K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $5.4M, expenses of $5.5M, and assets of $268K (revenue +5.2% year-over-year).
- 2016: Revenue of $5.1M, expenses of $5.0M, and assets of $473K (revenue +4.2% year-over-year).
- 2015: Revenue of $4.9M, expenses of $4.8M, and assets of $378K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eagle Arts Academy Inc:
Data Sources and Methodology
This transparency report for Eagle Arts 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.