Holy Spirit Academy
EIN: 463049721 · Monticello, MN · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $816K |
| Total Expenses | $834K |
| Net Assets | $160K |
Is Holy Spirit Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Holy Spirit Academy
Holy Spirit Academy (EIN: 463049721) is a nonprofit organization based in Monticello, MN, classified under NTEE code B20. The organization reported total revenue of $816K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holy Spirit Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holy Spirit Academy is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 19.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $831K |
| Total Expenses | $834K |
| Surplus / Deficit | $-3,667 |
| Total Assets | $2.2M |
| Total Liabilities | $2.1M |
| Net Assets | $160K |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 92.8% |
| Months of Reserves | 32.0 months |
Financial Health Grade: C
In 2023, Holy Spirit Academy reported a deficit of $4K with expenses exceeding revenue, holds 32.0 months of operating reserves (strong position), has a debt-to-asset ratio of 92.8% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Holy Spirit Academy's revenue has grown at a compound annual growth rate (CAGR) of 19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.2% | +32.5% | +62.4% |
| 2022 | +15.7% | +36.5% | +4.3% |
| 2021 | +35.1% | +9.4% | -33.9% |
| 2020 | +-0.0% | -9.6% | +18227.1% |
| 2019 | +10.9% | +5.7% | -76.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Holy Spirit 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 Holy Spirit 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 92.8%.
Frequently Asked Questions about Holy Spirit Academy
Is Holy Spirit Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Holy Spirit Academy (EIN: 463049721) insufficient data. 0 red flags identified, 0 strengths noted.
How does Holy Spirit Academy spend its money?
Detailed spending breakdown data is not yet available for Holy Spirit Academy. Check back for updated IRS 990 analysis.
Are donations to Holy Spirit Academy tax-deductible?
Holy Spirit Academy is registered as a tax-exempt nonprofit (EIN: 463049721). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Holy Spirit Academy located?
Holy Spirit Academy is headquartered in Monticello, Minnesota and files with the IRS under EIN 463049721. It is classified under NTEE code B20.
How many years of IRS 990 filings does Holy Spirit Academy have?
Holy Spirit Academy has 10 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 $816K in total revenue.
Filing History
IRS 990 filing history for Holy Spirit Academy showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Holy Spirit Academy's revenue has grown by 380.5%, moving from $173K to $831K. Total assets increased by 1420.6% over the same period, from $147K to $2.2M. Total functional expenses rose by 2844.8%, from $28K to $834K. In its most recent filing year (2023), Holy Spirit Academy reported a deficit of $4K, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $2.2M in assets (debt-to-asset ratio: 92.8%), resulting in net assets of $160K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $831K | $834K | $2.2M | $2.1M | — | View 990 |
| 2022 | $680K | $630K | $1.4M | $1.2M | — | View 990 |
| 2021 | $588K | $462K | $1.3M | $1.2M | — | View 990 |
| 2020 | $435K | $422K | $2.0M | $2.0M | — | View 990 |
| 2019 | $435K | $467K | $11K | $36K | — | View 990 |
| 2018 | $392K | $442K | $46K | $40K | — | View 990 |
| 2017 | $359K | $342K | $91K | $35K | — | View 990 |
| 2016 | $207K | $324K | $113K | $74K | — | View 990 |
| 2015 | $260K | $248K | $194K | $38K | — | View 990 |
| 2014 | $173K | $28K | $147K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $831K, expenses of $834K, and assets of $2.2M (revenue +22.2% year-over-year).
- 2022: Revenue of $680K, expenses of $630K, and assets of $1.4M (revenue +15.7% year-over-year).
- 2021: Revenue of $588K, expenses of $462K, and assets of $1.3M (revenue +35.1% year-over-year).
- 2020: Revenue of $435K, expenses of $422K, and assets of $2.0M (revenue +-0.0% year-over-year).
- 2019: Revenue of $435K, expenses of $467K, and assets of $11K (revenue +10.9% year-over-year).
- 2018: Revenue of $392K, expenses of $442K, and assets of $46K (revenue +9.4% year-over-year).
- 2017: Revenue of $359K, expenses of $342K, and assets of $91K (revenue +73.2% year-over-year).
- 2016: Revenue of $207K, expenses of $324K, and assets of $113K (revenue -20.3% year-over-year).
- 2015: Revenue of $260K, expenses of $248K, and assets of $194K (revenue +50.4% year-over-year).
- 2014: Revenue of $173K, expenses of $28K, and assets of $147K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holy Spirit Academy:
Data Sources and Methodology
This transparency report for Holy Spirit 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.