Elements Academy Incorporated
EIN: 873960951 · Braintree, MA · NTEE: B20
Is Elements Academy Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elements Academy Incorporated
Elements Academy Incorporated (EIN: 873960951) is a nonprofit organization based in Braintree, MA, classified under NTEE code B20. The organization reported total revenue of $257K and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elements Academy Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elements Academy Incorporated is a small nonprofit that has been operating for 3 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $407K |
| Total Expenses | $447K |
| Surplus / Deficit | $-39,853 |
| Total Assets | $141K |
| Total Liabilities | $184K |
| Net Assets | $-42,788 |
| Operating Margin | -9.8% |
| Debt-to-Asset Ratio | 130.3% |
| Months of Reserves | 3.8 months |
Financial Health Grade: C
In 2023, Elements Academy Incorporated reported a deficit of $40K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 130.3% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elements Academy Incorporated 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 Elements Academy Incorporated 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 $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 130.3%.
Frequently Asked Questions about Elements Academy Incorporated
Is Elements Academy Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Elements Academy Incorporated (EIN: 873960951) insufficient data. 0 red flags identified, 0 strengths noted.
How does Elements Academy Incorporated spend its money?
Detailed spending breakdown data is not yet available for Elements Academy Incorporated. Check back for updated IRS 990 analysis.
Are donations to Elements Academy Incorporated tax-deductible?
Elements Academy Incorporated is registered as a tax-exempt nonprofit (EIN: 873960951). 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 Elements Academy Incorporated showing financial trends over 1 year of public records:
In its most recent filing year (2023), Elements Academy Incorporated reported a deficit of $40K, with expenses exceeding revenue. The organization holds $184K in liabilities against $141K in assets (debt-to-asset ratio: 130.3%), resulting in net assets of $-42,788.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $407K | $447K | $141K | $184K | — | View 990 |
Data Sources and Methodology
This transparency report for Elements Academy Incorporated 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.