Greater Akron Amenities Inc
Greater Akron Amenities Inc. experiences substantial revenue growth and maintains strong financial health with no reported officer compensation.
EIN: 10675880 · Akron, OH · NTEE: W40 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $851K |
| Program Spending | 85% |
| Net Assets | $597K |
| Transparency Score | 90/100 |
Is Greater Akron Amenities Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Akron Amenities Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Akron Amenities Inc
Greater Akron Amenities Inc (EIN: 10675880) is a nonprofit organization based in Akron, OH, classified under NTEE code W40. The organization reported total revenue of $1.1M and total assets of $604K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Akron Amenities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Akron Amenities Inc is a mid-size nonprofit that has been operating for 23 years, with 7 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 37.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $851K |
| Surplus / Deficit | +$209K |
| Total Assets | $604K |
| Total Liabilities | $8K |
| Net Assets | $597K |
| Operating Margin | 19.7% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Greater Akron Amenities Inc reported a surplus of $209K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 7 years of filings (2016–2023), Greater Akron Amenities Inc's revenue has grown at a compound annual growth rate (CAGR) of 37.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +114.9% | +370.0% | +56.0% |
| 2022 | +615.7% | +653.2% | +416.5% |
| 2019 | -100.0% | -96.3% | -6.1% |
| 2018 | +1000.0% | +9.3% | -57.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Greater Akron Amenities Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Greater Akron Amenities Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $209K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its 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.
Strengths
The following positive indicators were identified for Greater Akron Amenities Inc:
- Significant revenue growth from $68,950 in 2021 to $1,060,550 in 2023.
- Zero reported officer compensation across all seven filings, indicating efficient use of funds.
- Strong financial health with $604,408 in assets and very low liabilities of $7,837 in 2023.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Greater Akron Amenities Inc
Is Greater Akron Amenities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Akron Amenities Inc (EIN: 10675880) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Greater Akron Amenities Inc spend its money?
Greater Akron Amenities Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Akron Amenities Inc tax-deductible?
Greater Akron Amenities Inc is registered as a tax-exempt nonprofit (EIN: 10675880). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Akron Amenities Inc's spending goes to programs?
Greater Akron Amenities Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Akron Amenities Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Greater Akron Amenities Inc is above average for NTEE category W40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Akron Amenities Inc located?
Greater Akron Amenities Inc is headquartered in Akron, Ohio and files with the IRS under EIN 10675880. It is classified under NTEE code W40.
How many years of IRS 990 filings does Greater Akron Amenities Inc have?
Greater Akron Amenities Inc has 7 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 $1.1M in total revenue.
Is Greater Akron Amenities Inc. a good charity?
Based on the provided data, Greater Akron Amenities Inc. appears to be a good charity. It demonstrates strong financial health with significant revenue growth, low liabilities, and a consistent record of zero officer compensation, suggesting efficient use of funds towards its mission.
How has the organization's revenue changed over time?
The organization has experienced significant revenue growth, particularly from $68,950 in 2021 to $1,060,550 in 2023, indicating a strong upward trend in financial support.
What is the organization's financial stability?
Greater Akron Amenities Inc. shows strong financial stability with assets of $604,408 and very low liabilities of $7,837 in 2023, resulting in a healthy net asset position.
Filing History
IRS 990 filing history for Greater Akron Amenities Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2016–2023), Greater Akron Amenities Inc's revenue has grown by 822.2%, moving from $115K to $1.1M. Total assets increased by 704.1% over the same period, from $75K to $604K. Total functional expenses rose by 1207.6%, from $65K to $851K. In its most recent filing year (2023), Greater Akron Amenities Inc reported a surplus of $209K, with revenue exceeding expenses. The organization holds $8K in liabilities against $604K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $597K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $851K | $604K | $8K | — | — |
| 2022 | $494K | $181K | $387K | $97 | — | View 990 |
| 2021 | $69K | $24K | $75K | $0 | — | View 990 |
| 2019 | $0 | $1K | $18K | $0 | — | View 990 |
| 2018 | $6K | $32K | $19K | $0 | — | View 990 |
| 2017 | $500 | $29K | $46K | $0 | — | View 990 |
| 2016 | $115K | $65K | $75K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $851K, and assets of $604K (revenue +114.9% year-over-year).
- 2022: Revenue of $494K, expenses of $181K, and assets of $387K (revenue +615.7% year-over-year).
- 2021: Revenue of $69K, expenses of $24K, and assets of $75K.
- 2019: Revenue of $0, expenses of $1K, and assets of $18K (revenue -100.0% year-over-year).
- 2018: Revenue of $6K, expenses of $32K, and assets of $19K (revenue +1000.0% year-over-year).
- 2017: Revenue of $500, expenses of $29K, and assets of $46K (revenue -99.6% year-over-year).
- 2016: Revenue of $115K, expenses of $65K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Akron Amenities Inc:
Data Sources and Methodology
This transparency report for Greater Akron Amenities 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.