Friendship Day School For The Sciences And The Arts
EIN: 824998817 · Charlotte, NC · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Net Assets | $-85,429 |
Is Friendship Day School For The Sciences And The Arts Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friendship Day School For The Sciences And The Arts
Friendship Day School For The Sciences And The Arts (EIN: 824998817) is a nonprofit organization based in Charlotte, NC, classified under NTEE code B20. The organization reported total revenue of $1.3M and total assets of $567K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendship Day School For The Sciences And The Arts's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friendship Day School For The Sciences And The Arts is a mid-size nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 24.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $808K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-303,861 |
| Total Assets | $258K |
| Total Liabilities | $344K |
| Net Assets | $-85,429 |
| Operating Margin | -37.6% |
| Debt-to-Asset Ratio | 133.1% |
| Months of Reserves | 2.8 months |
Financial Health Grade: D
In 2023, Friendship Day School For The Sciences And The Arts reported a deficit of $304K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 133.1% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Friendship Day School For The Sciences And The Arts's revenue has grown at a compound annual growth rate (CAGR) of 24.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.1% | +38.8% | +61.6% |
| 2022 | +101.3% | +42.5% | +195.4% |
| 2021 | +8.8% | +40.9% | -48.6% |
| 2020 | +40.0% | +32.9% | +48.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friendship Day School For The Sciences And The Arts 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 Friendship Day School For The Sciences And The Arts 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 $304K, with expenses exceeding revenue.
- Debt-to-asset ratio: 133.1%.
Frequently Asked Questions about Friendship Day School For The Sciences And The Arts
Is Friendship Day School For The Sciences And The Arts a legitimate charity?
Friendship Day School For The Sciences And The Arts (EIN: 824998817) is a registered tax-exempt nonprofit based in North Carolina. It has 5 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: D.
How does Friendship Day School For The Sciences And The Arts spend its money?
Friendship Day School For The Sciences And The Arts reported $1.3M in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friendship Day School For The Sciences And The Arts tax-deductible?
Friendship Day School For The Sciences And The Arts is registered as a tax-exempt nonprofit (EIN: 824998817). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friendship Day School For The Sciences And The Arts located?
Friendship Day School For The Sciences And The Arts is headquartered in Charlotte, North Carolina and files with the IRS under EIN 824998817. It is classified under NTEE code B20.
How many years of IRS 990 filings does Friendship Day School For The Sciences And The Arts have?
Friendship Day School For The Sciences And The Arts has 5 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Friendship Day School For The Sciences And The Arts showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Friendship Day School For The Sciences And The Arts's revenue has grown by 141.9%, moving from $334K to $808K. Total assets increased by 265.7% over the same period, from $71K to $258K. Total functional expenses rose by 270.4%, from $300K to $1.1M. In its most recent filing year (2023), Friendship Day School For The Sciences And The Arts reported a deficit of $304K, with expenses exceeding revenue. The organization holds $344K in liabilities against $258K in assets (debt-to-asset ratio: 133.1%), resulting in net assets of $-85,429.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $808K | $1.1M | $258K | $344K | — | — |
| 2022 | $1.0M | $801K | $160K | $13K | — | View 990 |
| 2021 | $509K | $562K | $54K | $31K | — | View 990 |
| 2020 | $468K | $399K | $105K | $22K | — | — |
| 2019 | $334K | $300K | $71K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $808K, expenses of $1.1M, and assets of $258K (revenue -21.1% year-over-year).
- 2022: Revenue of $1.0M, expenses of $801K, and assets of $160K (revenue +101.3% year-over-year).
- 2021: Revenue of $509K, expenses of $562K, and assets of $54K (revenue +8.8% year-over-year).
- 2020: Revenue of $468K, expenses of $399K, and assets of $105K (revenue +40.0% year-over-year).
- 2019: Revenue of $334K, expenses of $300K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friendship Day School For The Sciences And The Arts:
Data Sources and Methodology
This transparency report for Friendship Day School For The Sciences And The Arts 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.