Hitchcock Free Academy
EIN: 42277210 · Brimfield, MA · NTEE: B30
| Metric | Value |
|---|---|
| Total Revenue | $845K |
| Total Expenses | $304K |
| Net Assets | $2.5M |
Is Hitchcock Free Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hitchcock Free Academy
Hitchcock Free Academy (EIN: 42277210) is a nonprofit organization based in Brimfield, MA, classified under NTEE code B30. The organization reported total revenue of $845K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hitchcock Free Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hitchcock Free Academy is a small nonprofit that has been operating for 8 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $220K |
| Total Expenses | $304K |
| Surplus / Deficit | $-84,065 |
| Total Assets | $2.5M |
| Total Liabilities | $4K |
| Net Assets | $2.5M |
| Operating Margin | -38.3% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 97.3 months |
Financial Health Grade: B
In 2023, Hitchcock Free Academy reported a deficit of $84K with expenses exceeding revenue, holds 97.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Hitchcock Free Academy's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.4% | +13.9% | +8.0% |
| 2022 | -39.7% | +25.1% | -16.5% |
| 2021 | +24.0% | +36.1% | +10.2% |
| 2020 | -21.4% | -19.5% | +9.6% |
| 2019 | +75.4% | -6.6% | +13.8% |
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 Hitchcock Free Academy 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 Hitchcock Free Academy 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 $84K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about Hitchcock Free Academy
Is Hitchcock Free Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Hitchcock Free Academy (EIN: 42277210) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hitchcock Free Academy spend its money?
Detailed spending breakdown data is not yet available for Hitchcock Free Academy. Check back for updated IRS 990 analysis.
Are donations to Hitchcock Free Academy tax-deductible?
Hitchcock Free Academy is registered as a tax-exempt nonprofit (EIN: 42277210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hitchcock Free Academy located?
Hitchcock Free Academy is headquartered in Brimfield, Massachusetts and files with the IRS under EIN 42277210. It is classified under NTEE code B30.
How many years of IRS 990 filings does Hitchcock Free Academy have?
Hitchcock Free Academy has 9 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 $845K in total revenue.
Filing History
IRS 990 filing history for Hitchcock Free Academy showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Hitchcock Free Academy's revenue has grown by 44.6%, moving from $152K to $220K. Total assets increased by 49.4% over the same period, from $1.6M to $2.5M. Total functional expenses rose by 67.4%, from $181K to $304K. In its most recent filing year (2023), Hitchcock Free Academy reported a deficit of $84K, with expenses exceeding revenue. The organization holds $4K in liabilities against $2.5M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $220K | $304K | $2.5M | $4K | — | — |
| 2022 | $279K | $267K | $2.3M | $4K | — | View 990 |
| 2021 | $463K | $213K | $2.7M | $5K | — | View 990 |
| 2020 | $374K | $157K | $2.5M | $3K | — | View 990 |
| 2019 | $476K | $195K | $2.3M | $2K | — | View 990 |
| 2018 | $271K | $208K | $2.0M | $9K | — | View 990 |
| 2013 | $233K | $200K | $2.0M | $2K | — | View 990 |
| 2012 | $574K | $201K | $2.0M | $3K | — | View 990 |
| 2011 | $152K | $181K | $1.6M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $220K, expenses of $304K, and assets of $2.5M (revenue -21.4% year-over-year).
- 2022: Revenue of $279K, expenses of $267K, and assets of $2.3M (revenue -39.7% year-over-year).
- 2021: Revenue of $463K, expenses of $213K, and assets of $2.7M (revenue +24.0% year-over-year).
- 2020: Revenue of $374K, expenses of $157K, and assets of $2.5M (revenue -21.4% year-over-year).
- 2019: Revenue of $476K, expenses of $195K, and assets of $2.3M (revenue +75.4% year-over-year).
- 2018: Revenue of $271K, expenses of $208K, and assets of $2.0M (revenue +16.4% year-over-year).
- 2013: Revenue of $233K, expenses of $200K, and assets of $2.0M (revenue -59.5% year-over-year).
- 2012: Revenue of $574K, expenses of $201K, and assets of $2.0M (revenue +278.2% year-over-year).
- 2011: Revenue of $152K, expenses of $181K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hitchcock Free Academy:
Data Sources and Methodology
This transparency report for Hitchcock Free 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.