Hagia Sophia Classical Academy Inc
EIN: 452877535 · Indianapolis, IN · NTEE: B25
| Metric | Value |
|---|---|
| Total Revenue | $216K |
| Total Expenses | $215K |
| Net Assets | $81K |
Is Hagia Sophia Classical 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 Hagia Sophia Classical Academy Inc
Hagia Sophia Classical Academy Inc (EIN: 452877535) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B25. The organization reported total revenue of $216K and total assets of $91K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hagia Sophia Classical Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hagia Sophia Classical Academy Inc is a small nonprofit that has been operating for 8 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $215K |
| Surplus / Deficit | $-54,434 |
| Total Assets | $81K |
| Net Assets | $81K |
| Operating Margin | -34.0% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2023, Hagia Sophia Classical Academy Inc reported a deficit of $54K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2012–2023), Hagia Sophia Classical Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.3% | +14.8% | -43.0% |
| 2022 | -35.2% | +5.3% | -8.1% |
| 2021 | +46.6% | +40.7% | +103.5% |
| 2020 | +64.0% | +24.6% | +189.0% |
| 2019 | -10.5% | -2.9% | +29.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hagia Sophia Classical 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 Hagia Sophia Classical 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 deficit of $54K, with expenses exceeding revenue.
Frequently Asked Questions about Hagia Sophia Classical Academy Inc
Is Hagia Sophia Classical Academy Inc a legitimate charity?
Hagia Sophia Classical Academy Inc (EIN: 452877535) is a registered tax-exempt nonprofit based in Indiana. It has 12 years of IRS 990 filings on record. Total revenue: $216K. No red flags identified. Financial health grade: B.
How does Hagia Sophia Classical Academy Inc spend its money?
Hagia Sophia Classical Academy Inc reported $216K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hagia Sophia Classical Academy Inc tax-deductible?
Hagia Sophia Classical Academy Inc is registered as a tax-exempt nonprofit (EIN: 452877535). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hagia Sophia Classical Academy Inc located?
Hagia Sophia Classical Academy Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 452877535. It is classified under NTEE code B25.
How many years of IRS 990 filings does Hagia Sophia Classical Academy Inc have?
Hagia Sophia Classical Academy Inc has 12 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 $216K in total revenue.
Filing History
IRS 990 filing history for Hagia Sophia Classical Academy Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Hagia Sophia Classical Academy Inc's revenue has grown by 126.2%, moving from $71K to $160K. Total assets increased by 767.7% over the same period, from $9K to $81K. Total functional expenses rose by 249.2%, from $61K to $215K. In its most recent filing year (2023), Hagia Sophia Classical Academy Inc reported a deficit of $54K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $215K | $81K | $0 | — | View 990 |
| 2022 | $167K | $187K | $143K | $7K | — | View 990 |
| 2021 | $258K | $178K | $155K | $0 | — | View 990 |
| 2020 | $176K | $126K | $76K | $2K | — | — |
| 2019 | $107K | $101K | $26K | $2K | — | View 990 |
| 2018 | $120K | $104K | $20K | $0 | — | — |
| 2017 | $94K | $104K | $7K | $0 | — | — |
| 2016 | $62K | $65K | $15K | $0 | — | View 990 |
| 2015 | $67K | $57K | $19K | $0 | — | View 990 |
| 2014 | $50K | $47K | $9K | $0 | — | — |
| 2013 | $58K | $61K | $6K | $0 | — | — |
| 2012 | $71K | $61K | $9K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $215K, and assets of $81K (revenue -4.3% year-over-year).
- 2022: Revenue of $167K, expenses of $187K, and assets of $143K (revenue -35.2% year-over-year).
- 2021: Revenue of $258K, expenses of $178K, and assets of $155K (revenue +46.6% year-over-year).
- 2020: Revenue of $176K, expenses of $126K, and assets of $76K (revenue +64.0% year-over-year).
- 2019: Revenue of $107K, expenses of $101K, and assets of $26K (revenue -10.5% year-over-year).
- 2018: Revenue of $120K, expenses of $104K, and assets of $20K (revenue +27.8% year-over-year).
- 2017: Revenue of $94K, expenses of $104K, and assets of $7K (revenue +51.7% year-over-year).
- 2016: Revenue of $62K, expenses of $65K, and assets of $15K (revenue -7.3% year-over-year).
- 2015: Revenue of $67K, expenses of $57K, and assets of $19K (revenue +33.2% year-over-year).
- 2014: Revenue of $50K, expenses of $47K, and assets of $9K (revenue -13.6% year-over-year).
- 2013: Revenue of $58K, expenses of $61K, and assets of $6K (revenue -18.2% year-over-year).
- 2012: Revenue of $71K, expenses of $61K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hagia Sophia Classical Academy Inc:
Data Sources and Methodology
This transparency report for Hagia Sophia Classical 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.