Ivy Academys Skillern Elementary Inc
EIN: 843921365 · Soddy Daisy, TN · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.1M |
| Net Assets | $826K |
Is Ivy Academys Skillern Elementary Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ivy Academys Skillern Elementary Inc
Ivy Academys Skillern Elementary Inc (EIN: 843921365) is a nonprofit organization based in Soddy Daisy, TN, classified under NTEE code B20. The organization reported total revenue of $2.7M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ivy Academys Skillern Elementary Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ivy Academys Skillern Elementary Inc is a mid-size nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 507.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$730K |
| Total Assets | $1.8M |
| Total Liabilities | $980K |
| Net Assets | $826K |
| Operating Margin | 39.4% |
| Debt-to-Asset Ratio | 54.3% |
| Months of Reserves | 19.3 months |
Financial Health Grade: A
In 2023, Ivy Academys Skillern Elementary Inc reported a surplus of $730K with revenue exceeding expenses, holds 19.3 months of operating reserves (strong position), has a debt-to-asset ratio of 54.3% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Ivy Academys Skillern Elementary Inc's revenue has grown at a compound annual growth rate (CAGR) of 507.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +507.2% | +435.3% | +1030.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ivy Academys Skillern Elementary Inc 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 Ivy Academys Skillern Elementary Inc 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 surplus of $730K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.3%.
Frequently Asked Questions about Ivy Academys Skillern Elementary Inc
Is Ivy Academys Skillern Elementary Inc a legitimate charity?
Ivy Academys Skillern Elementary Inc (EIN: 843921365) is a registered tax-exempt nonprofit based in Tennessee. It has 2 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: A.
How does Ivy Academys Skillern Elementary Inc spend its money?
Ivy Academys Skillern Elementary Inc reported $2.7M in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ivy Academys Skillern Elementary Inc tax-deductible?
Ivy Academys Skillern Elementary Inc is registered as a tax-exempt nonprofit (EIN: 843921365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ivy Academys Skillern Elementary Inc located?
Ivy Academys Skillern Elementary Inc is headquartered in Soddy Daisy, Tennessee and files with the IRS under EIN 843921365. It is classified under NTEE code B20.
How many years of IRS 990 filings does Ivy Academys Skillern Elementary Inc have?
Ivy Academys Skillern Elementary Inc has 2 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for Ivy Academys Skillern Elementary Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Ivy Academys Skillern Elementary Inc's revenue has grown by 507.2%, moving from $305K to $1.9M. Total assets increased by 1030.9% over the same period, from $160K to $1.8M. Total functional expenses rose by 435.3%, from $210K to $1.1M. In its most recent filing year (2023), Ivy Academys Skillern Elementary Inc reported a surplus of $730K, with revenue exceeding expenses. The organization holds $980K in liabilities against $1.8M in assets (debt-to-asset ratio: 54.3%), resulting in net assets of $826K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.1M | $1.8M | $980K | — | — |
| 2022 | $305K | $210K | $160K | $63K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ivy Academys Skillern Elementary Inc:
Data Sources and Methodology
This transparency report for Ivy Academys Skillern Elementary Inc 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.