Francis Marion Military Academy Inc
Francis Marion Military Academy Inc. reports $0 assets in latest filing after years of operating near break-even.
EIN: 208896901 · Weirsdale, FL · NTEE: B25 · Updated: 2026-03-28
Is Francis Marion Military Academy Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Francis Marion Military Academy Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Francis Marion Military Academy Inc
Francis Marion Military Academy Inc (EIN: 208896901) is a nonprofit organization based in Weirsdale, FL, classified under NTEE code B25. The organization reported total revenue of $668K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Francis Marion Military Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Francis Marion Military Academy Inc is a small nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2012–2020). Revenue has grown at a compound annual rate of -8.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $668K |
| Total Expenses | $497K |
| Surplus / Deficit | +$171K |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | 25.5% |
| Months of Reserves | 0.0 months |
Financial Health Grade: A
In 2020, Francis Marion Military Academy Inc reported a surplus of $171K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2012–2020), Francis Marion Military Academy Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -36.0% | -56.6% | -100.0% |
| 2019 | +6.5% | +8.5% | -12.9% |
| 2018 | -10.6% | +3.9% | -13.4% |
| 2017 | +54.4% | +54.4% | +47.6% |
| 2016 | -5.2% | -10.7% | +1.7% |
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 Francis Marion Military Academy Inc with a Mission Score of 45 out of 100 (Fair). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Francis Marion Military Academy Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $171K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a strong positive for financial transparency and resource allocation relative to the organization's size and revenue.
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 Francis Marion Military Academy Inc's IRS 990 filings:
- Reported $0 in assets in the latest 202006 filing, a significant and unexplained drop from previous years.
- Consistent pattern of expenses closely matching or exceeding revenue, indicating tight financial margins and potential reliance on accumulated deficits.
- Lack of detailed spending breakdown (program, admin, fundraising) in the provided summary data makes it difficult to assess spending efficiency.
- No reported officer compensation across all filings, which, while positive for transparency, is unusual for an organization of this size and could warrant further inquiry into how leadership is supported.
Strengths
The following positive indicators were identified for Francis Marion Military Academy Inc:
- No reported officer compensation across all filings, indicating a potential commitment to directing funds towards the mission rather than executive salaries.
- Long history of IRS 990 filings (9 filings), suggesting a consistent commitment to regulatory compliance.
Frequently Asked Questions about Francis Marion Military Academy Inc
Is Francis Marion Military Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Francis Marion Military Academy Inc (EIN: 208896901) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Francis Marion Military Academy Inc spend its money?
Francis Marion Military Academy Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Francis Marion Military Academy Inc tax-deductible?
Francis Marion Military Academy Inc is registered as a tax-exempt nonprofit (EIN: 208896901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does Francis Marion Military Academy Inc. report $0 in assets in its latest 202006 filing, a significant change from previous years?
The provided data shows a dramatic shift from assets ranging from $135,975 to $618,523 in prior years to $0 in the 202006 period. This requires further investigation into the organization's financial statements to understand if assets were liquidated, transferred, or if there's an accounting anomaly.
Is the organization financially stable given its history of expenses often exceeding revenue?
The organization has frequently reported expenses higher than revenue (e.g., 201906, 201806, 201306), indicating a pattern of operating at a deficit or relying on prior year surpluses. The $0 assets in 202006 further exacerbate concerns about long-term financial stability.
How does Francis Marion Military Academy Inc. fund its operations without reporting officer compensation?
The consistent 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means not categorized as officer compensation, which is unusual for an organization with revenues consistently in the high six figures to over a million dollars. This could indicate a highly dedicated volunteer base or a different compensation structure for key personnel.
Filing History
IRS 990 filing history for Francis Marion Military Academy Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2020), Francis Marion Military Academy Inc's revenue has declined by 52.3%, moving from $1.4M to $668K. Total assets decreased by 100% over the same period, from $619K to $0. Total functional expenses fell by 64.1%, from $1.4M to $497K. In its most recent filing year (2020), Francis Marion Military Academy Inc reported a surplus of $171K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $668K | $497K | $0 | $0 | — | View 990 |
| 2019 | $1.0M | $1.1M | $154K | $163K | — | View 990 |
| 2018 | $980K | $1.1M | $177K | $84K | — | View 990 |
| 2017 | $1.1M | $1.0M | $204K | $36K | — | View 990 |
| 2016 | $710K | $658K | $138K | $50K | — | View 990 |
| 2015 | $749K | $737K | $136K | $100K | — | View 990 |
| 2014 | $972K | $927K | $474K | $512K | — | View 990 |
| 2013 | $1.0M | $1.2M | $513K | $595K | — | View 990 |
| 2012 | $1.4M | $1.4M | $619K | $506K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $668K, expenses of $497K, and assets of $0 (revenue -36.0% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.1M, and assets of $154K (revenue +6.5% year-over-year).
- 2018: Revenue of $980K, expenses of $1.1M, and assets of $177K (revenue -10.6% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $204K (revenue +54.4% year-over-year).
- 2016: Revenue of $710K, expenses of $658K, and assets of $138K (revenue -5.2% year-over-year).
- 2015: Revenue of $749K, expenses of $737K, and assets of $136K (revenue -22.9% year-over-year).
- 2014: Revenue of $972K, expenses of $927K, and assets of $474K (revenue -6.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.2M, and assets of $513K (revenue -26.1% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $619K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Francis Marion Military Academy Inc:
Data Sources and Methodology
This transparency report for Francis Marion Military Academy Inc 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.