Genesis Preparatory Academy
Genesis Preparatory Academy shows strong financial growth and zero executive compensation over the past decade.
EIN: 202616523 · Post Falls, ID · NTEE: B240 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $3.2M |
| Program Spending | 90% |
| Net Assets | $3.4M |
| Transparency Score | 95/100 |
Is Genesis Preparatory Academy Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Genesis Preparatory Academy directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Genesis Preparatory Academy
Genesis Preparatory Academy (EIN: 202616523) is a nonprofit organization based in Post Falls, ID, classified under NTEE code B240. The organization reported total revenue of $3.4M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Genesis Preparatory Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Genesis Preparatory Academy is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $3.6M |
| Total Liabilities | $265K |
| Net Assets | $3.4M |
| Operating Margin | 37.2% |
| Debt-to-Asset Ratio | 7.3% |
| Months of Reserves | 13.8 months |
Financial Health Grade: A
In 2023, Genesis Preparatory Academy reported a surplus of $1.9M with revenue exceeding expenses, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 7.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Genesis Preparatory Academy's revenue has grown at a compound annual growth rate (CAGR) of 25.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.9% | +18.3% | +27.7% |
| 2022 | +49.4% | +35.5% | +45.8% |
| 2021 | +27.5% | +17.0% | +505.0% |
| 2020 | +27.0% | +9.6% | +63.7% |
| 2019 | +10.2% | +21.8% | -21.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Genesis Preparatory Academy with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Genesis Preparatory Academy allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.3%.
Executive Compensation Analysis
Genesis Preparatory Academy consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a strong commitment to directing all funds towards its mission.
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.
Strengths
The following positive indicators were identified for Genesis Preparatory Academy:
- Consistent and strong revenue growth (from $690,394 in 2014 to $5,032,610 in 2023).
- Significant asset accumulation, indicating financial stability and capacity ($3,628,777 in 2023).
- 0% officer compensation reported across all filings, demonstrating high efficiency and mission focus.
- Healthy surpluses in most years, allowing for reinvestment and growth (e.g., $1,873,843 surplus in 2023).
- Strong asset-to-liability ratio, indicating good financial management and low risk (approx. 13.68 in 2023).
Frequently Asked Questions about Genesis Preparatory Academy
Is Genesis Preparatory Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Genesis Preparatory Academy (EIN: 202616523) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Genesis Preparatory Academy spend its money?
Genesis Preparatory Academy directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Genesis Preparatory Academy tax-deductible?
Genesis Preparatory Academy is registered as a tax-exempt nonprofit (EIN: 202616523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Genesis Preparatory Academy's spending goes to programs?
Genesis Preparatory Academy directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Genesis Preparatory Academy compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Genesis Preparatory Academy is above average for NTEE category B240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Genesis Preparatory Academy located?
Genesis Preparatory Academy is headquartered in Post Falls, Idaho and files with the IRS under EIN 202616523. It is classified under NTEE code B240.
How many years of IRS 990 filings does Genesis Preparatory Academy have?
Genesis Preparatory Academy has 13 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 $3.4M in total revenue.
Is Genesis Preparatory Academy a good charity?
Based on its financial data, Genesis Preparatory Academy appears to be a very good charity. It demonstrates strong financial growth, consistent surpluses, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings, indicating efficient use of funds.
How has Genesis Preparatory Academy's financial health changed over time?
Genesis Preparatory Academy has experienced significant financial growth, with revenue increasing from $690,394 in 2014 to $5,032,610 in 2023, and assets growing from $61,179 to $3,628,777 in the same period, indicating robust and sustained financial health.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting that no salaries are paid to its officers, which is a strong indicator of resources being fully directed towards its programs.
Filing History
IRS 990 filing history for Genesis Preparatory Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Genesis Preparatory Academy's revenue has grown by 1377.7%, moving from $341K to $5.0M. Total assets increased by 14714.4% over the same period, from $24K to $3.6M. Total functional expenses rose by 864.2%, from $328K to $3.2M. In its most recent filing year (2023), Genesis Preparatory Academy reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $265K in liabilities against $3.6M in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $3.2M | $3.6M | $265K | — | — |
| 2022 | $3.5M | $2.7M | $2.8M | $1.4M | — | View 990 |
| 2021 | $2.4M | $2.0M | $1.9M | $1.3M | — | — |
| 2020 | $1.9M | $1.7M | $322K | $125K | — | View 990 |
| 2019 | $1.5M | $1.5M | $197K | $177K | — | View 990 |
| 2018 | $1.3M | $1.3M | $251K | $146K | — | View 990 |
| 2017 | $1.0M | $1.0M | $100K | $64K | — | View 990 |
| 2016 | $898K | $865K | $83K | $65K | — | View 990 |
| 2015 | $700K | $727K | $42K | $57K | — | View 990 |
| 2014 | $690K | $683K | $61K | $49K | — | View 990 |
| 2013 | $585K | $631K | $26K | $36K | — | View 990 |
| 2012 | $482K | $486K | $23K | $10K | — | View 990 |
| 2011 | $341K | $328K | $24K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $3.2M, and assets of $3.6M (revenue +41.9% year-over-year).
- 2022: Revenue of $3.5M, expenses of $2.7M, and assets of $2.8M (revenue +49.4% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.0M, and assets of $1.9M (revenue +27.5% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.7M, and assets of $322K (revenue +27.0% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $197K (revenue +10.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $251K (revenue +30.7% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $100K (revenue +13.3% year-over-year).
- 2016: Revenue of $898K, expenses of $865K, and assets of $83K (revenue +28.3% year-over-year).
- 2015: Revenue of $700K, expenses of $727K, and assets of $42K (revenue +1.4% year-over-year).
- 2014: Revenue of $690K, expenses of $683K, and assets of $61K (revenue +18.0% year-over-year).
- 2013: Revenue of $585K, expenses of $631K, and assets of $26K (revenue +21.5% year-over-year).
- 2012: Revenue of $482K, expenses of $486K, and assets of $23K (revenue +41.4% year-over-year).
- 2011: Revenue of $341K, expenses of $328K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Genesis Preparatory Academy:
Data Sources and Methodology
This transparency report for Genesis Preparatory 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.