Friends Of Anansi Charter School

Friends Of Anansi Charter School maintains substantial assets but faces fluctuating revenues and significant liabilities.

EIN: 203888020 · El Prado, NM · NTEE: B90 · Updated: 2026-03-28

$237KRevenue

$3.1MAssets

65/100Mission Score (Good)

B90

About Friends Of Anansi Charter School

Friends Of Anansi Charter School (EIN: 203888020) is a nonprofit organization based in El Prado, NM, classified under NTEE code B90. The organization reported total revenue of $237K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Anansi Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of Anansi Charter School demonstrates consistent financial activity, with revenues fluctuating over the past decade. In the most recent filing (202212), the organization reported revenues of $216,691 against expenses of $209,185, indicating a slight surplus for the period. However, a broader look reveals periods of significant deficits, such as in 202112 where expenses ($342,661) substantially exceeded revenues ($239,772), and a notable negative revenue figure in 201512 ($-188,582). The organization maintains substantial assets, reported at $3,205,887 in 202212, but also carries significant liabilities, which were $2,231,273 in the same period. This suggests a reliance on debt or restricted funds, which warrants further investigation into the nature of these liabilities.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a volunteer-led or very lean executive structure, which can be a positive indicator of resource allocation. The consistent filing of IRS 990s over 11 periods demonstrates a commitment to regulatory transparency, although the lack of detailed expense categories in the provided data limits a deeper analysis of spending efficiency. The significant liabilities relative to assets also raise questions about long-term financial stability and the nature of their funding model.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Anansi Charter School with a Mission Score of 65 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, Friends Of Anansi Charter School 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for resource allocation relative to its size.

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 Friends Of Anansi Charter School's IRS 990 filings:

Significant liabilities relative to assets ($2,231,273 liabilities vs. $3,205,887 assets in 202212)
Periods of substantial revenue deficits (e.g., 202112 expenses $342,661 vs. revenue $239,772)
Negative revenue reported in 201512 ($-188,582) without further explanation.

Strengths

The following positive indicators were identified for Friends Of Anansi Charter School:

Consistent IRS 990 filing history (11 filings) demonstrating transparency.
Reported 0% officer compensation across all filings, indicating efficient use of funds at the executive level.
Maintains substantial assets ($3,101,095 latest) providing a financial buffer.

Frequently Asked Questions about Friends Of Anansi Charter School

What is the nature of the significant liabilities reported, which were $2,231,273 in 202212?

The provided data does not specify the nature of these liabilities. Further investigation into the organization's full IRS 990 forms would be necessary to understand if they are program-related, debt, or other obligations.

How does the organization manage periods of significant revenue deficit, such as in 202112 where expenses exceeded revenue by over $100,000?

The organization likely draws upon its substantial assets or relies on future funding commitments to cover these deficits. The consistent asset base suggests a buffer, but repeated deficits could impact long-term sustainability.

What are the specific program activities funded by Friends Of Anansi Charter School?

The NTEE code B90 indicates 'Elementary & Secondary Education', suggesting support for the charter school. However, specific program details are not available in the provided financial summary.

Filing History

IRS 990 filing history for Friends Of Anansi Charter School showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2012–2022), Friends Of Anansi Charter School's revenue has grown by 25.6%, moving from $173K to $217K. Total assets increased by 27.8% over the same period, from $2.5M to $3.2M. Total functional expenses rose by 7.2%, from $195K to $209K. In its most recent filing year (2022), Friends Of Anansi Charter School reported a surplus of $8K, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $3.2M in assets (debt-to-asset ratio: 69.6%), resulting in net assets of $975K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$217K	$209K	$3.2M	$2.2M	—	View 990
2021	$240K	$343K	$3.3M	$2.3M	—	View 990
2020	$375K	$454K	$3.2M	$2.1M	—	—
2019	$455K	$363K	$3.3M	$2.2M	—	View 990
2018	$117K	$200K	$3.3M	$2.3M	—	—
2017	$131K	$169K	$3.3M	$2.4M	—	View 990
2016	$134K	$53K	$3.4M	$2.5M	—	View 990
2015	$-188,582	$54K	$3.2M	$2.4M	—	View 990
2014	$97K	$37K	$2.4M	$1.7M	—	View 990
2013	$2K	$52K	$2.4M	$1.7M	—	View 990
2012	$173K	$195K	$2.5M	$1.7M	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $217K, expenses of $209K, and assets of $3.2M (revenue -9.6% year-over-year).
2021: Revenue of $240K, expenses of $343K, and assets of $3.3M (revenue -36.0% year-over-year).
2020: Revenue of $375K, expenses of $454K, and assets of $3.2M (revenue -17.6% year-over-year).
2019: Revenue of $455K, expenses of $363K, and assets of $3.3M (revenue +290.1% year-over-year).
2018: Revenue of $117K, expenses of $200K, and assets of $3.3M (revenue -10.9% year-over-year).
2017: Revenue of $131K, expenses of $169K, and assets of $3.3M (revenue -2.6% year-over-year).
2016: Revenue of $134K, expenses of $53K, and assets of $3.4M.
2015: Revenue of $-188,582, expenses of $54K, and assets of $3.2M (revenue -294.6% year-over-year).
2014: Revenue of $97K, expenses of $37K, and assets of $2.4M (revenue +3834.6% year-over-year).
2013: Revenue of $2K, expenses of $52K, and assets of $2.4M (revenue -98.6% year-over-year).
2012: Revenue of $173K, expenses of $195K, and assets of $2.5M.

Data Sources and Methodology

This transparency report for Friends Of Anansi Charter School 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.