Early Light Academy
EIN: 262722827 · South Jordan, UT · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $11.5M |
| Total Expenses | $10.3M |
| Net Assets | $-1,453,245 |
Is Early Light Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Early Light Academy
Early Light Academy (EIN: 262722827) is a nonprofit organization based in South Jordan, UT, classified under NTEE code B99. The organization reported total revenue of $11.5M and total assets of $21.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Early Light Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Early Light Academy is a large nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.3M |
| Total Expenses | $10.3M |
| Surplus / Deficit | $-44,749 |
| Total Assets | $22.3M |
| Total Liabilities | $23.8M |
| Net Assets | $-1,453,245 |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 106.5% |
| Months of Reserves | 26.0 months |
Financial Health Grade: C
In 2023, Early Light Academy reported a deficit of $45K with expenses exceeding revenue, holds 26.0 months of operating reserves (strong position), has a debt-to-asset ratio of 106.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Early Light Academy's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | +5.5% | +1.3% |
| 2022 | +7.3% | +14.4% | +6.6% |
| 2021 | +5.2% | +7.4% | -0.6% |
| 2020 | +3.1% | +0.3% | -0.5% |
| 2019 | +8.3% | -6.4% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Early Light 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 Early Light 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 106.5%.
Frequently Asked Questions about Early Light Academy
Is Early Light Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Early Light Academy (EIN: 262722827) insufficient data. 0 red flags identified, 0 strengths noted.
How does Early Light Academy spend its money?
Detailed spending breakdown data is not yet available for Early Light Academy. Check back for updated IRS 990 analysis.
Are donations to Early Light Academy tax-deductible?
Early Light Academy is registered as a tax-exempt nonprofit (EIN: 262722827). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Early Light Academy located?
Early Light Academy is headquartered in South Jordan, Utah and files with the IRS under EIN 262722827. It is classified under NTEE code B99.
How many years of IRS 990 filings does Early Light Academy have?
Early Light 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 $11.5M in total revenue.
Filing History
IRS 990 filing history for Early Light Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Early Light Academy's revenue has grown by 128.1%, moving from $4.5M to $10.3M. Total assets increased by 51.5% over the same period, from $14.7M to $22.3M. Total functional expenses rose by 134.3%, from $4.4M to $10.3M. In its most recent filing year (2023), Early Light Academy reported a deficit of $45K, with expenses exceeding revenue. The organization holds $23.8M in liabilities against $22.3M in assets (debt-to-asset ratio: 106.5%), resulting in net assets of $-1,453,245.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.3M | $10.3M | $22.3M | $23.8M | — | View 990 |
| 2022 | $9.5M | $9.8M | $22.0M | $23.4M | — | View 990 |
| 2021 | $8.8M | $8.5M | $20.7M | $21.8M | — | View 990 |
| 2020 | $8.4M | $7.9M | $20.8M | $21.7M | — | View 990 |
| 2019 | $8.1M | $7.9M | $20.9M | $22.2M | — | View 990 |
| 2018 | $7.5M | $8.5M | $20.9M | $22.4M | — | View 990 |
| 2017 | $6.8M | $7.0M | $19.1M | $19.6M | — | View 990 |
| 2016 | $6.3M | $6.2M | $19.8M | $20.3M | — | View 990 |
| 2015 | $4.7M | $4.9M | $19.7M | $20.2M | — | View 990 |
| 2014 | $5.0M | $5.2M | $13.9M | $14.1M | — | View 990 |
| 2013 | $4.8M | $5.1M | $14.2M | $14.2M | — | View 990 |
| 2012 | $4.8M | $4.9M | $14.5M | $14.2M | — | View 990 |
| 2011 | $4.5M | $4.4M | $14.7M | $14.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.3M, expenses of $10.3M, and assets of $22.3M (revenue +8.6% year-over-year).
- 2022: Revenue of $9.5M, expenses of $9.8M, and assets of $22.0M (revenue +7.3% year-over-year).
- 2021: Revenue of $8.8M, expenses of $8.5M, and assets of $20.7M (revenue +5.2% year-over-year).
- 2020: Revenue of $8.4M, expenses of $7.9M, and assets of $20.8M (revenue +3.1% year-over-year).
- 2019: Revenue of $8.1M, expenses of $7.9M, and assets of $20.9M (revenue +8.3% year-over-year).
- 2018: Revenue of $7.5M, expenses of $8.5M, and assets of $20.9M (revenue +9.6% year-over-year).
- 2017: Revenue of $6.8M, expenses of $7.0M, and assets of $19.1M (revenue +9.1% year-over-year).
- 2016: Revenue of $6.3M, expenses of $6.2M, and assets of $19.8M (revenue +33.7% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.9M, and assets of $19.7M (revenue -5.2% year-over-year).
- 2014: Revenue of $5.0M, expenses of $5.2M, and assets of $13.9M (revenue +2.9% year-over-year).
- 2013: Revenue of $4.8M, expenses of $5.1M, and assets of $14.2M (revenue -0.1% year-over-year).
- 2012: Revenue of $4.8M, expenses of $4.9M, and assets of $14.5M (revenue +7.1% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.4M, and assets of $14.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Early Light Academy:
Data Sources and Methodology
This transparency report for Early Light 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.