I3 Academy
EIN: 831049224 · Birmingham, AL · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $17.7M |
| Total Expenses | $9.8M |
| Net Assets | $-95,348 |
Is I3 Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About I3 Academy
I3 Academy (EIN: 831049224) is a nonprofit organization based in Birmingham, AL, classified under NTEE code B29. The organization reported total revenue of $17.7M and total assets of $17.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of I3 Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
I3 Academy is a large nonprofit that has been operating for 3 years, with 4 years of IRS 990 filings on record (2018–2022). Revenue has grown at a compound annual rate of 151.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.9M |
| Total Expenses | $9.8M |
| Surplus / Deficit | +$96K |
| Total Assets | $1.7M |
| Total Liabilities | $1.8M |
| Net Assets | $-95,348 |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 105.7% |
| Months of Reserves | 2.1 months |
Financial Health Grade: B
In 2022, I3 Academy reported a surplus of $96K with revenue exceeding expenses, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 105.7% (high leverage).
Financial Trends
Over 4 years of filings (2018–2022), I3 Academy's revenue has grown at a compound annual growth rate (CAGR) of 151.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +6.4% | +1.2% | -11.8% |
| 2021 | +780.7% | +1204.9% | +287.2% |
| 2019 | +323.6% | +458.8% | +321.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for I3 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 I3 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $96K, with revenue exceeding expenses.
- Debt-to-asset ratio: 105.7%.
Frequently Asked Questions about I3 Academy
Is I3 Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, I3 Academy (EIN: 831049224) insufficient data. 0 red flags identified, 0 strengths noted.
How does I3 Academy spend its money?
Detailed spending breakdown data is not yet available for I3 Academy. Check back for updated IRS 990 analysis.
Are donations to I3 Academy tax-deductible?
I3 Academy is registered as a tax-exempt nonprofit (EIN: 831049224). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is I3 Academy located?
I3 Academy is headquartered in Birmingham, Alabama and files with the IRS under EIN 831049224. It is classified under NTEE code B29.
How many years of IRS 990 filings does I3 Academy have?
I3 Academy has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $17.7M in total revenue.
Filing History
IRS 990 filing history for I3 Academy showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2018–2022), I3 Academy's revenue has grown by 3870.8%, moving from $250K to $9.9M. Total assets increased by 1339.8% over the same period, from $117K to $1.7M. Total functional expenses rose by 7276.1%, from $133K to $9.8M. In its most recent filing year (2022), I3 Academy reported a surplus of $96K, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $1.7M in assets (debt-to-asset ratio: 105.7%), resulting in net assets of $-95,348.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $9.9M | $9.8M | $1.7M | $1.8M | — | — |
| 2021 | $9.3M | $9.7M | $1.9M | $2.1M | — | — |
| 2019 | $1.1M | $745K | $492K | $61K | — | — |
| 2018 | $250K | $133K | $117K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $9.9M, expenses of $9.8M, and assets of $1.7M (revenue +6.4% year-over-year).
- 2021: Revenue of $9.3M, expenses of $9.7M, and assets of $1.9M (revenue +780.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $745K, and assets of $492K (revenue +323.6% year-over-year).
- 2018: Revenue of $250K, expenses of $133K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for I3 Academy:
Data Sources and Methodology
This transparency report for I3 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.