Hynes Charter School Corporation
Hynes Charter School Corporation shows strong financial growth and asset accumulation with no reported officer compensation.
EIN: 204452631 · New Orleans, LA · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.7M |
| Total Expenses | $20.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $28.7 |
| Net Assets | $12.8M |
| Transparency Score | 92/100 |
Is Hynes Charter School Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hynes Charter School Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hynes Charter School Corporation
Hynes Charter School Corporation (EIN: 204452631) is a nonprofit organization based in New Orleans, LA, classified under NTEE code B29. The organization reported total revenue of $28.7M and total assets of $48.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hynes Charter School Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hynes Charter School Corporation is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26.1M |
| Total Expenses | $20.3M |
| Surplus / Deficit | +$5.8M |
| Total Assets | $14.4M |
| Total Liabilities | $1.6M |
| Net Assets | $12.8M |
| Operating Margin | 22.3% |
| Debt-to-Asset Ratio | 10.8% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2023, Hynes Charter School Corporation reported a surplus of $5.8M with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 10.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hynes Charter School Corporation's revenue has grown at a compound annual growth rate (CAGR) of 14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.1% | +9.1% | +75.2% |
| 2022 | +57.8% | +64.2% | +18.3% |
| 2021 | +32.3% | +18.6% | +5.9% |
| 2020 | +19.4% | +18.2% | +22.7% |
| 2019 | +8.7% | +2.9% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Hynes Charter School Corporation with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Hynes Charter School Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 surplus of $5.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.8%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 available IRS 990 filings, indicating that executive salaries are either below reporting thresholds or are not paid directly by the organization, which is highly unusual for an organization of its size with $28.7 million in revenue.
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 Hynes Charter School Corporation's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which may warrant further investigation into how executive leadership is compensated.
Strengths
The following positive indicators were identified for Hynes Charter School Corporation:
- Consistent and significant revenue growth, from $7.1M in 2014 to $26.1M in 2023.
- Strong asset accumulation, growing from $4.3M in 2014 to $48M currently.
- Consistent financial surpluses, with expenses generally well below revenue.
- No reported officer compensation across all 13 filings, suggesting high mission focus.
- Healthy balance sheet with liabilities being a small percentage of total assets.
Frequently Asked Questions about Hynes Charter School Corporation
Is Hynes Charter School Corporation a legitimate charity?
Hynes Charter School Corporation (EIN: 204452631) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $28.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Hynes Charter School Corporation spend its money?
Hynes Charter School Corporation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Hynes Charter School Corporation tax-deductible?
Hynes Charter School Corporation is registered as a tax-exempt nonprofit (EIN: 204452631). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hynes Charter School Corporation CEO make?
Hynes Charter School Corporation's highest-compensated officer earns $28.7 annually. The organization reported $28.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hynes Charter School Corporation's spending goes to programs?
Hynes Charter School Corporation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hynes Charter School Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hynes Charter School Corporation is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hynes Charter School Corporation located?
Hynes Charter School Corporation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 204452631. It is classified under NTEE code B29.
How many years of IRS 990 filings does Hynes Charter School Corporation have?
Hynes Charter School Corporation 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 $28.7M in total revenue.
Is Hynes Charter School Corporation a good charity?
Based on its strong financial growth, consistent surpluses, and the absence of reported officer compensation, Hynes Charter School Corporation appears to be a well-managed organization with a strong focus on its mission. Its increasing assets and revenue suggest effective program delivery and community support.
How has Hynes Charter School Corporation's financial health changed over time?
The organization has experienced significant financial growth, with revenue increasing from $7,195,029 in 2014 to $26,123,813 in 2023, and assets growing from $4,329,966 to $48,027,056 over the same period. This indicates robust expansion and strong financial stewardship.
What is the significance of 'Officer Comp=0%' in all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could mean that executive salaries are below the IRS reporting threshold, are paid by a related entity, or that the organization operates with a volunteer executive leadership, which would be a significant strength in terms of resource allocation.
Are there any concerns regarding the organization's liabilities?
While liabilities have increased over time, from $293,836 in 2014 to $1,557,625 in 2023, they remain a small fraction of the organization's total assets ($48,027,056), indicating a healthy balance sheet and low financial risk.
Filing History
IRS 990 filing history for Hynes Charter School Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hynes Charter School Corporation's revenue has grown by 397.6%, moving from $5.2M to $26.1M. Total assets increased by 420.2% over the same period, from $2.8M to $14.4M. Total functional expenses rose by 292.3%, from $5.2M to $20.3M. In its most recent filing year (2023), Hynes Charter School Corporation reported a surplus of $5.8M, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $14.4M in assets (debt-to-asset ratio: 10.8%), resulting in net assets of $12.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26.1M | $20.3M | $14.4M | $1.6M | — | View 990 |
| 2022 | $19.9M | $18.6M | $8.2M | $1.2M | — | View 990 |
| 2021 | $12.6M | $11.3M | $6.9M | $1.3M | — | View 990 |
| 2020 | $9.6M | $9.5M | $6.6M | $2.2M | — | View 990 |
| 2019 | $8.0M | $8.1M | $5.3M | $1.0M | — | View 990 |
| 2018 | $7.4M | $7.8M | $5.2M | $830K | — | View 990 |
| 2017 | $7.7M | $7.5M | $5.6M | $681K | — | View 990 |
| 2016 | $7.9M | $7.4M | $5.0M | $240K | — | View 990 |
| 2015 | $7.3M | $7.2M | $4.6M | $361K | — | View 990 |
| 2014 | $7.2M | $6.4M | $4.3M | $294K | — | View 990 |
| 2013 | $6.4M | $6.1M | $3.5M | $256K | — | View 990 |
| 2012 | $6.0M | $5.6M | $3.2M | $200K | — | View 990 |
| 2011 | $5.2M | $5.2M | $2.8M | $147K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.1M, expenses of $20.3M, and assets of $14.4M (revenue +31.1% year-over-year).
- 2022: Revenue of $19.9M, expenses of $18.6M, and assets of $8.2M (revenue +57.8% year-over-year).
- 2021: Revenue of $12.6M, expenses of $11.3M, and assets of $6.9M (revenue +32.3% year-over-year).
- 2020: Revenue of $9.6M, expenses of $9.5M, and assets of $6.6M (revenue +19.4% year-over-year).
- 2019: Revenue of $8.0M, expenses of $8.1M, and assets of $5.3M (revenue +8.7% year-over-year).
- 2018: Revenue of $7.4M, expenses of $7.8M, and assets of $5.2M (revenue -4.2% year-over-year).
- 2017: Revenue of $7.7M, expenses of $7.5M, and assets of $5.6M (revenue -2.4% year-over-year).
- 2016: Revenue of $7.9M, expenses of $7.4M, and assets of $5.0M (revenue +7.2% year-over-year).
- 2015: Revenue of $7.3M, expenses of $7.2M, and assets of $4.6M (revenue +2.1% year-over-year).
- 2014: Revenue of $7.2M, expenses of $6.4M, and assets of $4.3M (revenue +13.0% year-over-year).
- 2013: Revenue of $6.4M, expenses of $6.1M, and assets of $3.5M (revenue +6.7% year-over-year).
- 2012: Revenue of $6.0M, expenses of $5.6M, and assets of $3.2M (revenue +13.7% year-over-year).
- 2011: Revenue of $5.2M, expenses of $5.2M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hynes Charter School Corporation:
Data Sources and Methodology
This transparency report for Hynes Charter School Corporation 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.