Hiawatha Academies
Hiawatha Academies shows consistent revenue growth but maintains high liabilities relative to assets.
EIN: 204798683 · Minneapolis, MN · NTEE: B200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.6M |
| Total Expenses | $32.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $-8,342,058 |
| Transparency Score | 75/100 |
Is Hiawatha Academies Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hiawatha Academies directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hiawatha Academies
Hiawatha Academies (EIN: 204798683) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B200. The organization reported total revenue of $32.6M and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hiawatha Academies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hiawatha Academies is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.0M |
| Total Expenses | $32.3M |
| Surplus / Deficit | $-342,651 |
| Total Assets | $14.5M |
| Total Liabilities | $22.8M |
| Net Assets | $-8,342,058 |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 157.6% |
| Months of Reserves | 5.4 months |
Financial Health Grade: C
In 2023, Hiawatha Academies reported a deficit of $343K with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 157.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hiawatha Academies's revenue has grown at a compound annual growth rate (CAGR) of 18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.2% | +7.6% | -14.4% |
| 2022 | +0.0% | +6.9% | -3.2% |
| 2021 | +5.9% | -1.7% | -7.9% |
| 2020 | +5.6% | +4.6% | -14.6% |
| 2019 | +12.6% | -3.8% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Hiawatha Academies with a Mission Score of 75 out of 100 (Good). 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, Hiawatha Academies 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 deficit of $343K, with expenses exceeding revenue.
- Debt-to-asset ratio: 157.6%.
Executive Compensation Analysis
Hiawatha Academies consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $30 million in annual revenue. This either indicates that no officers receive compensation or that their compensation is reported under other expense categories, which could obscure a full understanding of executive pay.
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 Hiawatha Academies's IRS 990 filings:
- Consistent reporting of 0% officer compensation for a large organization, potentially obscuring executive pay details.
- Liabilities consistently exceed assets, indicating a potentially high debt burden or reliance on long-term obligations.
- Occasional operational deficits (e.g., 202306, 201906) where expenses exceed revenue, which could erode financial reserves over time.
Strengths
The following positive indicators were identified for Hiawatha Academies:
- Significant and consistent revenue growth over the past decade, from $8.8 million in 201406 to over $30 million in 202306.
- Stable financial operations with revenues generally keeping pace with expenses.
- Clear mission alignment with NTEE code B200 (Elementary & Secondary Education), suggesting a strong program focus.
Frequently Asked Questions about Hiawatha Academies
Is Hiawatha Academies a legitimate charity?
Based on AI analysis of IRS 990 filings, Hiawatha Academies (EIN: 204798683) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Hiawatha Academies spend its money?
Hiawatha Academies directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hiawatha Academies tax-deductible?
Hiawatha Academies is registered as a tax-exempt nonprofit (EIN: 204798683). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hiawatha Academies CEO make?
Hiawatha Academies's highest-compensated officer earns $30 annually. The organization reported $32.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hiawatha Academies's spending goes to programs?
Hiawatha Academies directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hiawatha Academies compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hiawatha Academies is above average for NTEE category B200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hiawatha Academies located?
Hiawatha Academies is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 204798683. It is classified under NTEE code B200.
How many years of IRS 990 filings does Hiawatha Academies have?
Hiawatha Academies 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 $32.6M in total revenue.
Why is officer compensation consistently reported as 0% despite the organization's size?
The consistent reporting of 0% officer compensation across all filings for an organization with over $30 million in revenue is highly unusual and warrants further investigation to understand how executive leadership is compensated, or if these roles are entirely volunteer-based.
What is the nature of Hiawatha Academies' significant liabilities?
The organization consistently reports liabilities that exceed its assets, such as $22,817,352 in liabilities against $14,475,294 in assets in 202306. Understanding the composition of these liabilities (e.g., mortgages, bonds, program-related investments) is crucial for assessing financial risk.
How does Hiawatha Academies manage its operational deficits in certain years?
In periods like 202306 and 201906, expenses slightly exceeded revenues. It would be important to understand how these deficits are covered and what strategies are in place to ensure long-term financial stability.
What is the organization's strategy for asset growth and liability reduction?
Given the trend of liabilities often exceeding assets, understanding the organization's long-term financial strategy for building reserves, managing debt, and ensuring solvency is important.
Filing History
IRS 990 filing history for Hiawatha Academies showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hiawatha Academies's revenue has grown by 643.5%, moving from $4.3M to $32.0M. Total assets increased by 725.9% over the same period, from $1.8M to $14.5M. Total functional expenses rose by 697.3%, from $4.1M to $32.3M. In its most recent filing year (2023), Hiawatha Academies reported a deficit of $343K, with expenses exceeding revenue. The organization holds $22.8M in liabilities against $14.5M in assets (debt-to-asset ratio: 157.6%), resulting in net assets of $-8,342,058.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32.0M | $32.3M | $14.5M | $22.8M | — | View 990 |
| 2022 | $30.1M | $30.1M | $16.9M | $25.9M | — | View 990 |
| 2021 | $30.1M | $28.1M | $17.5M | $26.3M | — | View 990 |
| 2020 | $28.5M | $28.6M | $19.0M | $27.7M | — | View 990 |
| 2019 | $27.0M | $27.3M | $22.2M | $28.6M | — | View 990 |
| 2018 | $23.9M | $28.4M | $23.7M | $31.8M | — | View 990 |
| 2017 | $20.1M | $23.1M | $23.0M | $26.7M | — | View 990 |
| 2016 | $16.7M | $16.6M | $7.4M | $8.0M | — | View 990 |
| 2015 | $12.4M | $12.0M | $5.5M | $6.2M | — | View 990 |
| 2014 | $8.8M | $8.5M | $3.5M | $1.1M | — | View 990 |
| 2013 | $6.7M | $5.9M | $2.7M | $624K | — | View 990 |
| 2012 | $5.3M | $4.8M | $2.1M | $866K | — | View 990 |
| 2011 | $4.3M | $4.1M | $1.8M | $958K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.0M, expenses of $32.3M, and assets of $14.5M (revenue +6.2% year-over-year).
- 2022: Revenue of $30.1M, expenses of $30.1M, and assets of $16.9M (revenue +0.0% year-over-year).
- 2021: Revenue of $30.1M, expenses of $28.1M, and assets of $17.5M (revenue +5.9% year-over-year).
- 2020: Revenue of $28.5M, expenses of $28.6M, and assets of $19.0M (revenue +5.6% year-over-year).
- 2019: Revenue of $27.0M, expenses of $27.3M, and assets of $22.2M (revenue +12.6% year-over-year).
- 2018: Revenue of $23.9M, expenses of $28.4M, and assets of $23.7M (revenue +19.2% year-over-year).
- 2017: Revenue of $20.1M, expenses of $23.1M, and assets of $23.0M (revenue +20.2% year-over-year).
- 2016: Revenue of $16.7M, expenses of $16.6M, and assets of $7.4M (revenue +35.0% year-over-year).
- 2015: Revenue of $12.4M, expenses of $12.0M, and assets of $5.5M (revenue +40.1% year-over-year).
- 2014: Revenue of $8.8M, expenses of $8.5M, and assets of $3.5M (revenue +30.9% year-over-year).
- 2013: Revenue of $6.7M, expenses of $5.9M, and assets of $2.7M (revenue +28.4% year-over-year).
- 2012: Revenue of $5.3M, expenses of $4.8M, and assets of $2.1M (revenue +22.1% year-over-year).
- 2011: Revenue of $4.3M, expenses of $4.1M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hiawatha Academies:
Data Sources and Methodology
This transparency report for Hiawatha Academies 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.