Educational Academy For Boys And Girls
Educational Academy For Boys And Girls shows strong revenue growth but carries significant liabilities.
EIN: 201926004 · Columbus, OH · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3,077,843. |
| Net Assets | $-889,262 |
| Transparency Score | 75/100 |
Is Educational Academy For Boys And Girls Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Educational Academy For Boys And Girls directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Educational Academy For Boys And Girls
Educational Academy For Boys And Girls (EIN: 201926004) is a nonprofit organization based in Columbus, OH, classified under NTEE code B20. The organization reported total revenue of $3.1M and total assets of $929K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educational Academy For Boys And Girls's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educational Academy For Boys And Girls is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 16.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$335K |
| Total Assets | $1.1M |
| Total Liabilities | $2.0M |
| Net Assets | $-889,262 |
| Operating Margin | 13.5% |
| Debt-to-Asset Ratio | 178.8% |
| Months of Reserves | 6.3 months |
Financial Health Grade: A
In 2023, Educational Academy For Boys And Girls reported a surplus of $335K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 178.8% (high leverage).
Financial Trends
Over 13 years of filings (2010–2023), Educational Academy For Boys And Girls's revenue has grown at a compound annual growth rate (CAGR) of 16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.5% | +14.5% | +5.3% |
| 2022 | +7.7% | +2.8% | +47.1% |
| 2021 | +6.7% | -2.6% | -2.6% |
| 2020 | +34.7% | +51.8% | -17.4% |
| 2019 | +26.5% | +175.6% | -20.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Educational Academy For Boys And Girls with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Educational Academy For Boys And Girls allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $335K, with revenue exceeding expenses.
- Debt-to-asset ratio: 178.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 13 filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of its size with latest revenue of $3,077,843.
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 Educational Academy For Boys And Girls's IRS 990 filings:
- Consistent and significant liabilities exceeding assets (e.g., $2,017,395 liabilities vs. $1,128,133 assets in 2023), indicating potential financial instability or reliance on debt.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, limiting a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Educational Academy For Boys And Girls:
- Strong and consistent revenue growth over the past decade, from $935,761 in 2014 to $2,491,329 in 2023.
- Zero officer compensation reported across all 13 filings, demonstrating a commitment to directing funds towards the mission.
- Consistent positive net income in recent years (e.g., $2,491,329 revenue vs. $2,155,835 expenses in 2023), indicating financial sustainability in operations.
Frequently Asked Questions about Educational Academy For Boys And Girls
Is Educational Academy For Boys And Girls a legitimate charity?
Educational Academy For Boys And Girls (EIN: 201926004) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Educational Academy For Boys And Girls spend its money?
Educational Academy For Boys And Girls directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Educational Academy For Boys And Girls tax-deductible?
Educational Academy For Boys And Girls is registered as a tax-exempt nonprofit (EIN: 201926004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Educational Academy For Boys And Girls CEO make?
Educational Academy For Boys And Girls's highest-compensated officer earns $3,077,843. annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Educational Academy For Boys And Girls's spending goes to programs?
Educational Academy For Boys And Girls directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Educational Academy For Boys And Girls compare to similar nonprofits?
With a transparency score of 75/100 (Good), Educational Academy For Boys And Girls is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Educational Academy For Boys And Girls located?
Educational Academy For Boys And Girls is headquartered in Columbus, Ohio and files with the IRS under EIN 201926004. It is classified under NTEE code B20.
How many years of IRS 990 filings does Educational Academy For Boys And Girls have?
Educational Academy For Boys And Girls 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 $3.1M in total revenue.
What is the nature of the significant liabilities reported by the organization?
The filings consistently show liabilities significantly exceeding assets (e.g., $2,017,395 in liabilities vs. $1,128,133 in assets in 2023). Understanding the composition of these liabilities (e.g., program-related debt, deferred revenue, capital leases) is crucial for assessing financial risk.
How does the organization manage its cash flow given the asset-liability imbalance?
With assets consistently lower than liabilities, the organization's ability to meet short-term obligations and fund operations needs further investigation. A detailed cash flow statement would provide clarity.
What are the specific program activities funded by the organization?
While the NTEE code B20 indicates 'Elementary & Secondary Education,' more specific details on the programs offered would help evaluate the impact and effectiveness of the spending.
Filing History
IRS 990 filing history for Educational Academy For Boys And Girls showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), Educational Academy For Boys And Girls's revenue has grown by 595%, moving from $358K to $2.5M. Total assets increased by 1872.2% over the same period, from $57K to $1.1M. Total functional expenses rose by 486.2%, from $368K to $2.2M. In its most recent filing year (2023), Educational Academy For Boys And Girls reported a surplus of $335K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $1.1M in assets (debt-to-asset ratio: 178.8%), resulting in net assets of $-889,262.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.2M | $1.1M | $2.0M | — | View 990 |
| 2022 | $2.0M | $1.9M | $1.1M | $2.3M | — | View 990 |
| 2021 | $1.9M | $1.8M | $728K | $2.1M | — | — |
| 2020 | $1.8M | $1.9M | $748K | $2.2M | — | View 990 |
| 2019 | $1.3M | $1.2M | $905K | $2.2M | — | View 990 |
| 2018 | $1.0M | $450K | $1.1M | $2.5M | — | View 990 |
| 2017 | $1.5M | $1.6M | $757K | $2.3M | — | View 990 |
| 2016 | $1.3M | $1.3M | $353K | $1.8M | — | View 990 |
| 2015 | $1.3M | $1.2M | $227K | $1.7M | — | View 990 |
| 2014 | $936K | $945K | $45K | $40K | — | View 990 |
| 2013 | $1.0M | $1.0M | $43K | $29K | — | View 990 |
| 2012 | $765K | $804K | $25K | $21K | — | View 990 |
| 2010 | $358K | $368K | $57K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.2M, and assets of $1.1M (revenue +22.5% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.9M, and assets of $1.1M (revenue +7.7% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.8M, and assets of $728K (revenue +6.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $748K (revenue +34.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $905K (revenue +26.5% year-over-year).
- 2018: Revenue of $1.0M, expenses of $450K, and assets of $1.1M (revenue -28.9% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.6M, and assets of $757K (revenue +9.9% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $353K (revenue +5.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $227K (revenue +35.1% year-over-year).
- 2014: Revenue of $936K, expenses of $945K, and assets of $45K (revenue -7.5% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.0M, and assets of $43K (revenue +32.3% year-over-year).
- 2012: Revenue of $765K, expenses of $804K, and assets of $25K (revenue +113.3% year-over-year).
- 2010: Revenue of $358K, expenses of $368K, and assets of $57K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educational Academy For Boys And Girls:
Data Sources and Methodology
This transparency report for Educational Academy For Boys And Girls 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.