Gainesville Georgia Homeschool Academy Inc
EIN: 471606339 · Gainesville, GA · NTEE: B24
| Metric | Value |
|---|---|
| Total Revenue | $432K |
| Total Expenses | $236K |
| Net Assets | $145K |
Is Gainesville Georgia Homeschool Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gainesville Georgia Homeschool Academy Inc
Gainesville Georgia Homeschool Academy Inc (EIN: 471606339) is a nonprofit organization based in Gainesville, GA, classified under NTEE code B24. The organization reported total revenue of $432K and total assets of $336K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gainesville Georgia Homeschool Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gainesville Georgia Homeschool Academy Inc is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $305K |
| Total Expenses | $236K |
| Surplus / Deficit | +$70K |
| Total Assets | $191K |
| Total Liabilities | $46K |
| Net Assets | $145K |
| Operating Margin | 22.8% |
| Debt-to-Asset Ratio | 24.0% |
| Months of Reserves | 9.7 months |
Financial Health Grade: A
In 2023, Gainesville Georgia Homeschool Academy Inc reported a surplus of $70K with revenue exceeding expenses, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 24.0% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), Gainesville Georgia Homeschool Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.7% | +7.4% | +100.2% |
| 2022 | +22.6% | +47.2% | -5.4% |
| 2021 | +71.0% | +59.0% | -25.8% |
| 2020 | +40.1% | -3.3% | +31.3% |
| 2019 | -34.7% | +11.5% | -14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gainesville Georgia Homeschool Academy Inc 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 Gainesville Georgia Homeschool Academy Inc 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 $70K, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.0%.
Frequently Asked Questions about Gainesville Georgia Homeschool Academy Inc
Is Gainesville Georgia Homeschool Academy Inc a legitimate charity?
Gainesville Georgia Homeschool Academy Inc (EIN: 471606339) is a registered tax-exempt nonprofit based in Georgia. It has 9 years of IRS 990 filings on record. Total revenue: $432K. No red flags identified. Financial health grade: A.
How does Gainesville Georgia Homeschool Academy Inc spend its money?
Gainesville Georgia Homeschool Academy Inc reported $432K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gainesville Georgia Homeschool Academy Inc tax-deductible?
Gainesville Georgia Homeschool Academy Inc is registered as a tax-exempt nonprofit (EIN: 471606339). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gainesville Georgia Homeschool Academy Inc located?
Gainesville Georgia Homeschool Academy Inc is headquartered in Gainesville, Georgia and files with the IRS under EIN 471606339. It is classified under NTEE code B24.
How many years of IRS 990 filings does Gainesville Georgia Homeschool Academy Inc have?
Gainesville Georgia Homeschool Academy Inc has 9 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 $432K in total revenue.
Filing History
IRS 990 filing history for Gainesville Georgia Homeschool Academy Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Gainesville Georgia Homeschool Academy Inc's revenue has grown by 111.7%, moving from $144K to $305K. Total assets increased by 488% over the same period, from $32K to $191K. Total functional expenses rose by 110.9%, from $112K to $236K. In its most recent filing year (2023), Gainesville Georgia Homeschool Academy Inc reported a surplus of $70K, with revenue exceeding expenses. The organization holds $46K in liabilities against $191K in assets (debt-to-asset ratio: 24.0%), resulting in net assets of $145K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $305K | $236K | $191K | $46K | — | — |
| 2022 | $232K | $220K | $95K | $17K | — | View 990 |
| 2021 | $189K | $149K | $101K | $35K | — | View 990 |
| 2020 | $111K | $94K | $136K | $16K | — | — |
| 2019 | $79K | $97K | $103K | $102 | — | View 990 |
| 2018 | $121K | $87K | $121K | $0 | — | View 990 |
| 2017 | $167K | $108K | $96K | $9K | — | View 990 |
| 2016 | $149K | $153K | $28K | $0 | — | View 990 |
| 2015 | $144K | $112K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $305K, expenses of $236K, and assets of $191K (revenue +31.7% year-over-year).
- 2022: Revenue of $232K, expenses of $220K, and assets of $95K (revenue +22.6% year-over-year).
- 2021: Revenue of $189K, expenses of $149K, and assets of $101K (revenue +71.0% year-over-year).
- 2020: Revenue of $111K, expenses of $94K, and assets of $136K (revenue +40.1% year-over-year).
- 2019: Revenue of $79K, expenses of $97K, and assets of $103K (revenue -34.7% year-over-year).
- 2018: Revenue of $121K, expenses of $87K, and assets of $121K (revenue -27.6% year-over-year).
- 2017: Revenue of $167K, expenses of $108K, and assets of $96K (revenue +12.1% year-over-year).
- 2016: Revenue of $149K, expenses of $153K, and assets of $28K (revenue +3.3% year-over-year).
- 2015: Revenue of $144K, expenses of $112K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gainesville Georgia Homeschool Academy Inc:
Data Sources and Methodology
This transparency report for Gainesville Georgia Homeschool 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.