Healthy Learning Academy Inc
Healthy Learning Academy Inc maintains stable operations with no reported officer compensation, despite a recent operating deficit.
EIN: 203368422 · Newberry, FL · NTEE: B29 · Updated: 2026-03-28
About Healthy Learning Academy Inc
Healthy Learning Academy Inc (EIN: 203368422) is a nonprofit organization based in Newberry, FL, classified under NTEE code B29. The organization reported total revenue of $1.2M and total assets of $662K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healthy Learning Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Healthy Learning Academy 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, Healthy Learning Academy 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with over $1 million in annual revenue and suggests a strong commitment to directing 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.
Red Flags
The following concerns were identified during AI analysis of Healthy Learning Academy Inc's IRS 990 filings:
- Operating deficit in the latest fiscal year (202306) where expenses ($1,217,436) exceeded revenue ($1,056,599).
Strengths
The following positive indicators were identified for Healthy Learning Academy Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high transparency and dedication to mission spending.
- Long-term financial stability with growing assets, from $507,391 in 201506 to $624,672 in 202306.
- Consistent revenue generation exceeding $1 million in recent years, demonstrating strong operational capacity.
Frequently Asked Questions about Healthy Learning Academy Inc
Is Healthy Learning Academy Inc a good charity?
Based on the available data, Healthy Learning Academy Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to program spending and transparency regarding executive pay. While there was a deficit in the latest fiscal year (202306), the organization has generally maintained stable finances over the long term.
How does Healthy Learning Academy Inc manage its administrative costs?
The consistent reporting of 0% officer compensation suggests that Healthy Learning Academy Inc manages its administrative costs very efficiently, at least at the executive level. This practice implies that leadership roles may be volunteer-based or compensated through other means not classified as officer compensation, contributing to a lean administrative structure.
What is the trend in Healthy Learning Academy Inc's financial health?
Healthy Learning Academy Inc has shown a general trend of increasing revenue and expenses over the past decade, indicating growth in its operations. While the latest period (202306) showed a deficit of approximately $160,000, the organization has historically managed to keep expenses close to or below revenue, maintaining a relatively stable financial position with growing assets.
Filing History
IRS 990 filing history for Healthy Learning Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Healthy Learning Academy Inc's revenue has grown by 148.8%, moving from $425K to $1.1M. Total assets increased by 515.7% over the same period, from $101K to $625K. Total functional expenses rose by 195.1%, from $413K to $1.2M. In its most recent filing year (2023), Healthy Learning Academy Inc reported a deficit of $161K, with expenses exceeding revenue. The organization holds $253K in liabilities against $625K in assets (debt-to-asset ratio: 40.5%), resulting in net assets of $372K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $625K | $253K | — | — |
| 2022 | $1.2M | $1.1M | $798K | $271K | — | View 990 |
| 2021 | $1.1M | $1.0M | $650K | $281K | — | — |
| 2020 | $906K | $951K | $644K | $437K | — | View 990 |
| 2019 | $837K | $904K | $535K | $329K | — | View 990 |
| 2018 | $847K | $829K | $584K | $346K | — | View 990 |
| 2017 | $823K | $794K | $547K | $365K | — | View 990 |
| 2016 | $768K | $762K | $529K | $379K | — | View 990 |
| 2015 | $721K | $729K | $507K | $373K | — | View 990 |
| 2014 | $745K | $714K | $583K | $444K | — | View 990 |
| 2013 | $563K | $523K | $494K | $353K | — | View 990 |
| 2012 | $767K | $835K | $455K | $360K | — | View 990 |
| 2011 | $425K | $413K | $101K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $625K (revenue -12.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $798K (revenue +5.4% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.0M, and assets of $650K (revenue +25.7% year-over-year).
- 2020: Revenue of $906K, expenses of $951K, and assets of $644K (revenue +8.2% year-over-year).
- 2019: Revenue of $837K, expenses of $904K, and assets of $535K (revenue -1.2% year-over-year).
- 2018: Revenue of $847K, expenses of $829K, and assets of $584K (revenue +2.8% year-over-year).
- 2017: Revenue of $823K, expenses of $794K, and assets of $547K (revenue +7.2% year-over-year).
- 2016: Revenue of $768K, expenses of $762K, and assets of $529K (revenue +6.5% year-over-year).
- 2015: Revenue of $721K, expenses of $729K, and assets of $507K (revenue -3.2% year-over-year).
- 2014: Revenue of $745K, expenses of $714K, and assets of $583K (revenue +32.4% year-over-year).
- 2013: Revenue of $563K, expenses of $523K, and assets of $494K (revenue -26.7% year-over-year).
- 2012: Revenue of $767K, expenses of $835K, and assets of $455K (revenue +80.6% year-over-year).
- 2011: Revenue of $425K, expenses of $413K, and assets of $101K.
Data Sources and Methodology
This transparency report for Healthy Learning 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.