Early College Academy
Early College Academy frequently spends more than it earns, with liabilities often exceeding assets.
EIN: 202658050 · Columbus, OH · NTEE: B25 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| Net Assets | $-1,018,212 |
| Transparency Score | 65/100 |
Is Early College Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Early College Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Early College Academy
Early College Academy (EIN: 202658050) is a nonprofit organization based in Columbus, OH, classified under NTEE code B25. The organization reported total revenue of $1.9M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Early College Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Early College Academy is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$87K |
| Total Assets | $2.7M |
| Total Liabilities | $3.7M |
| Net Assets | $-1,018,212 |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 138.4% |
| Months of Reserves | 20.6 months |
Financial Health Grade: A
In 2023, Early College Academy reported a surplus of $87K with revenue exceeding expenses, holds 20.6 months of operating reserves (strong position), has a debt-to-asset ratio of 138.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Early College Academy's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.6% | +6.2% | -5.6% |
| 2022 | -23.0% | +2.2% | +125.0% |
| 2021 | +32.9% | -24.3% | +13.7% |
| 2020 | -13.3% | +15.0% | -39.2% |
| 2019 | -0.8% | +65.9% | -21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Early College Academy with a Mission Score of 65 out of 100 (Good). 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, Early College Academy 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 surplus of $87K, with revenue exceeding expenses.
- Debt-to-asset ratio: 138.4%.
Executive Compensation Analysis
Early College Academy consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size and revenue.
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 Early College Academy's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue), such as in 202206 ($1,457,185 expenses vs. $1,223,145 revenue).
- Liabilities consistently exceeding assets, indicating a potentially precarious financial position (e.g., $3,669,835 liabilities vs. $2,651,623 assets in 202306).
- Unusually consistent 0% officer compensation reported across all filings, which may obscure how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Early College Academy:
- Consistent revenue generation, with latest reported revenue at $1,867,086.
- Long filing history (13 filings), indicating sustained operation and compliance.
- Implied strong program focus given the 0% officer compensation, suggesting resources are not diverted to executive salaries.
Frequently Asked Questions about Early College Academy
Is Early College Academy a legitimate charity?
Early College Academy (EIN: 202658050) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Early College Academy spend its money?
Early College Academy directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Early College Academy tax-deductible?
Early College Academy is registered as a tax-exempt nonprofit (EIN: 202658050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Early College Academy's spending goes to programs?
Early College Academy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Early College Academy compare to similar nonprofits?
With a transparency score of 65/100 (Good), Early College Academy is above average for NTEE category B25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Early College Academy located?
Early College Academy is headquartered in Columbus, Ohio and files with the IRS under EIN 202658050. It is classified under NTEE code B25.
How many years of IRS 990 filings does Early College Academy have?
Early College Academy has 13 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 $1.9M in total revenue.
Is Early College Academy financially stable given its recurring deficits?
The organization has frequently reported expenses exceeding revenue (e.g., $1,457,185 expenses vs. $1,223,145 revenue in 202206), and its liabilities often surpass its assets (e.g., $3,669,835 liabilities vs. $2,651,623 assets in 202306), raising concerns about long-term financial stability.
How does Early College Academy cover its operational deficits?
The consistent deficits suggest the organization may be drawing from accumulated reserves, receiving non-operating income not reflected in the primary revenue figures, or relying on debt financing, as indicated by high liabilities.
What is the reason for 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual and could indicate that executive roles are filled by volunteers, compensated through a related entity, or that compensation is reported under other expense categories, warranting further investigation for full transparency.
What is the trend in the organization's net assets?
Net assets have fluctuated significantly and have often been negative, as liabilities frequently exceed assets. For example, in 202306, assets were $2,651,623 while liabilities were $3,669,835, indicating a negative net asset position.
Filing History
IRS 990 filing history for Early College Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Early College Academy's revenue has declined by 0.5%, moving from $1.6M to $1.6M. Total assets increased by 131.1% over the same period, from $1.1M to $2.7M. Total functional expenses rose by 2.5%, from $1.5M to $1.5M. In its most recent filing year (2023), Early College Academy reported a surplus of $87K, with revenue exceeding expenses. The organization holds $3.7M in liabilities against $2.7M in assets (debt-to-asset ratio: 138.4%), resulting in net assets of $-1,018,212.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.5M | $2.7M | $3.7M | — | View 990 |
| 2022 | $1.2M | $1.5M | $2.8M | $3.9M | — | View 990 |
| 2021 | $1.6M | $1.4M | $1.2M | $2.1M | — | View 990 |
| 2020 | $1.2M | $1.9M | $1.1M | $2.1M | — | View 990 |
| 2019 | $1.4M | $1.6M | $1.8M | $2.2M | — | View 990 |
| 2018 | $1.4M | $988K | $2.3M | $2.4M | — | View 990 |
| 2017 | $1.4M | $1.8M | $2.6M | $2.6M | — | View 990 |
| 2016 | $1.5M | $1.5M | $2.6M | $2.0M | — | View 990 |
| 2015 | $1.6M | $1.4M | $1.1M | $519K | — | — |
| 2014 | $1.4M | $1.4M | $820K | $98K | — | View 990 |
| 2013 | $1.2M | $1.5M | $739K | $23K | — | View 990 |
| 2012 | $1.3M | $1.4M | $1.1M | $92K | — | View 990 |
| 2011 | $1.6M | $1.5M | $1.1M | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.5M, and assets of $2.7M (revenue +33.6% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.5M, and assets of $2.8M (revenue -23.0% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.4M, and assets of $1.2M (revenue +32.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.9M, and assets of $1.1M (revenue -13.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.6M, and assets of $1.8M (revenue -0.8% year-over-year).
- 2018: Revenue of $1.4M, expenses of $988K, and assets of $2.3M (revenue -2.9% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.8M, and assets of $2.6M (revenue -3.2% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $2.6M (revenue -8.1% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.4M, and assets of $1.1M (revenue +10.9% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $820K (revenue +22.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.5M, and assets of $739K (revenue -9.1% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $1.1M (revenue -20.8% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Early College Academy:
Data Sources and Methodology
This transparency report for Early College 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.