East Bay Innovation Academy
EIN: 462428863 · Oakland, CA · NTEE: W99
Is East Bay Innovation Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About East Bay Innovation Academy
East Bay Innovation Academy (EIN: 462428863) is a nonprofit organization based in Oakland, CA, classified under NTEE code W99. The organization reported total revenue of $8.7M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of East Bay Innovation Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
East Bay Innovation Academy is a mid-size nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 52.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.5M |
| Total Expenses | $8.4M |
| Surplus / Deficit | +$54K |
| Total Assets | $3.3M |
| Total Liabilities | $1.2M |
| Net Assets | $2.1M |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 36.4% |
| Months of Reserves | 4.7 months |
Financial Health Grade: A
In 2023, East Bay Innovation Academy reported a surplus of $54K with revenue exceeding expenses, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 36.4% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), East Bay Innovation Academy's revenue has grown at a compound annual growth rate (CAGR) of 52.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.2% | +9.5% | +26.1% |
| 2022 | +17.1% | +9.5% | -7.2% |
| 2021 | +6.5% | +2.5% | +33.2% |
| 2020 | +6.5% | +6.5% | +68.2% |
| 2019 | +21.0% | +20.1% | +26.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for East Bay Innovation 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 East Bay Innovation 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 surplus of $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.4%.
Frequently Asked Questions about East Bay Innovation Academy
Is East Bay Innovation Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, East Bay Innovation Academy (EIN: 462428863) insufficient data. 0 red flags identified, 0 strengths noted.
How does East Bay Innovation Academy spend its money?
Detailed spending breakdown data is not yet available for East Bay Innovation Academy. Check back for updated IRS 990 analysis.
Are donations to East Bay Innovation Academy tax-deductible?
East Bay Innovation Academy is registered as a tax-exempt nonprofit (EIN: 462428863). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for East Bay Innovation Academy showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), East Bay Innovation Academy's revenue has grown by 4310.5%, moving from $192K to $8.5M. Total assets increased by 5883.6% over the same period, from $55K to $3.3M. Total functional expenses rose by 4862.2%, from $169K to $8.4M. In its most recent filing year (2023), East Bay Innovation Academy reported a surplus of $54K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $3.3M in assets (debt-to-asset ratio: 36.4%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.5M | $8.4M | $3.3M | $1.2M | — | View 990 |
| 2022 | $8.6M | $7.7M | $2.6M | $566K | — | View 990 |
| 2021 | $7.4M | $7.0M | $2.8M | $1.7M | — | — |
| 2020 | $6.9M | $6.8M | $2.1M | $1.4M | — | View 990 |
| 2019 | $6.5M | $6.4M | $1.2M | $656K | — | View 990 |
| 2018 | $5.4M | $5.3M | $985K | $483K | — | View 990 |
| 2017 | $4.7M | $4.7M | $932K | $468K | — | View 990 |
| 2016 | $3.4M | $3.0M | $970K | $530K | — | View 990 |
| 2015 | $2.1M | $2.1M | $375K | $341K | — | View 990 |
| 2014 | $192K | $169K | $55K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.5M, expenses of $8.4M, and assets of $3.3M (revenue -2.2% year-over-year).
- 2022: Revenue of $8.6M, expenses of $7.7M, and assets of $2.6M (revenue +17.1% year-over-year).
- 2021: Revenue of $7.4M, expenses of $7.0M, and assets of $2.8M (revenue +6.5% year-over-year).
- 2020: Revenue of $6.9M, expenses of $6.8M, and assets of $2.1M (revenue +6.5% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.4M, and assets of $1.2M (revenue +21.0% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.3M, and assets of $985K (revenue +14.8% year-over-year).
- 2017: Revenue of $4.7M, expenses of $4.7M, and assets of $932K (revenue +36.9% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.0M, and assets of $970K (revenue +61.4% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $375K (revenue +1006.8% year-over-year).
- 2014: Revenue of $192K, expenses of $169K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for East Bay Innovation Academy:
Data Sources and Methodology
This transparency report for East Bay Innovation 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.