Foundations Christian Academy
EIN: 873940739 · Ham Lake, MN · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $497K |
| Total Expenses | $544K |
| Net Assets | $207K |
Is Foundations Christian Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Foundations Christian Academy
Foundations Christian Academy (EIN: 873940739) is a nonprofit organization based in Ham Lake, MN, classified under NTEE code B20. The organization reported total revenue of $497K and total assets of $520K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundations Christian Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundations Christian Academy is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 145.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $580K |
| Total Expenses | $544K |
| Surplus / Deficit | +$37K |
| Total Assets | $393K |
| Total Liabilities | $186K |
| Net Assets | $207K |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 47.3% |
| Months of Reserves | 8.7 months |
Financial Health Grade: A
In 2023, Foundations Christian Academy reported a surplus of $37K with revenue exceeding expenses, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 47.3% (moderate leverage).
Financial Trends
Over 2 years of filings (2022–2023), Foundations Christian Academy's revenue has grown at a compound annual growth rate (CAGR) of 145.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +145.6% | +393.3% | +211.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Foundations Christian 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 Foundations Christian 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 $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.3%.
Frequently Asked Questions about Foundations Christian Academy
Is Foundations Christian Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundations Christian Academy (EIN: 873940739) insufficient data. 0 red flags identified, 0 strengths noted.
How does Foundations Christian Academy spend its money?
Detailed spending breakdown data is not yet available for Foundations Christian Academy. Check back for updated IRS 990 analysis.
Are donations to Foundations Christian Academy tax-deductible?
Foundations Christian Academy is registered as a tax-exempt nonprofit (EIN: 873940739). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Foundations Christian Academy located?
Foundations Christian Academy is headquartered in Ham Lake, Minnesota and files with the IRS under EIN 873940739. It is classified under NTEE code B20.
How many years of IRS 990 filings does Foundations Christian Academy have?
Foundations Christian Academy has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $497K in total revenue.
Filing History
IRS 990 filing history for Foundations Christian Academy showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Foundations Christian Academy's revenue has grown by 145.6%, moving from $236K to $580K. Total assets increased by 211.8% over the same period, from $126K to $393K. Total functional expenses rose by 393.3%, from $110K to $544K. In its most recent filing year (2023), Foundations Christian Academy reported a surplus of $37K, with revenue exceeding expenses. The organization holds $186K in liabilities against $393K in assets (debt-to-asset ratio: 47.3%), resulting in net assets of $207K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $580K | $544K | $393K | $186K | — | — |
| 2022 | $236K | $110K | $126K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundations Christian Academy:
Data Sources and Methodology
This transparency report for Foundations Christian 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.