Keystone Learning Academy Inc
EIN: 610668916 · Louisville, KY · NTEE: P33Z
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Net Assets | $592K |
Is Keystone Learning Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Keystone Learning Academy Inc
Keystone Learning Academy Inc (EIN: 610668916) is a nonprofit organization based in Louisville, KY, classified under NTEE code P33Z. The organization reported total revenue of $1.1M and total assets of $726K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keystone Learning Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keystone Learning Academy Inc is a mid-size nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-46,106 |
| Total Assets | $686K |
| Total Liabilities | $94K |
| Net Assets | $592K |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Keystone Learning Academy Inc reported a deficit of $46K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Keystone Learning Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.8% | +2.8% | -6.9% |
| 2022 | +1.4% | +13.8% | +2.0% |
| 2021 | +9.1% | +16.0% | +40.8% |
| 2020 | +12.2% | -7.2% | +56.3% |
| 2019 | +6.4% | +0.6% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Keystone Learning Academy 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 Keystone Learning Academy 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 deficit of $46K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.7%.
Frequently Asked Questions about Keystone Learning Academy Inc
Is Keystone Learning Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Keystone Learning Academy Inc (EIN: 610668916) insufficient data. 0 red flags identified, 0 strengths noted.
How does Keystone Learning Academy Inc spend its money?
Detailed spending breakdown data is not yet available for Keystone Learning Academy Inc. Check back for updated IRS 990 analysis.
Are donations to Keystone Learning Academy Inc tax-deductible?
Keystone Learning Academy Inc is registered as a tax-exempt nonprofit (EIN: 610668916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Keystone Learning Academy Inc located?
Keystone Learning Academy Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 610668916. It is classified under NTEE code P33Z.
How many years of IRS 990 filings does Keystone Learning Academy Inc have?
Keystone Learning Academy Inc 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Keystone Learning Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Keystone Learning Academy Inc's revenue has grown by 5.7%, moving from $966K to $1.0M. Total assets increased by 97.4% over the same period, from $347K to $686K. Total functional expenses rose by 8.5%, from $984K to $1.1M. In its most recent filing year (2023), Keystone Learning Academy Inc reported a deficit of $46K, with expenses exceeding revenue. The organization holds $94K in liabilities against $686K in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $592K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $686K | $94K | — | — |
| 2022 | $1.1M | $1.0M | $737K | $99K | — | View 990 |
| 2021 | $1.1M | $913K | $722K | $119K | — | — |
| 2020 | $970K | $787K | $513K | $55K | — | — |
| 2019 | $865K | $847K | $328K | $53K | — | View 990 |
| 2018 | $812K | $842K | $298K | $40K | — | View 990 |
| 2017 | $804K | $800K | $331K | $45K | — | View 990 |
| 2016 | $878K | $795K | $329K | $46K | — | View 990 |
| 2015 | $785K | $761K | $267K | $68K | — | View 990 |
| 2014 | $898K | $862K | $250K | $74K | — | View 990 |
| 2013 | $1.0M | $1.0M | $254K | $117K | — | View 990 |
| 2012 | $920K | $1.1M | $236K | $83K | — | View 990 |
| 2011 | $966K | $984K | $347K | $62K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $686K (revenue -4.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.0M, and assets of $737K (revenue +1.4% year-over-year).
- 2021: Revenue of $1.1M, expenses of $913K, and assets of $722K (revenue +9.1% year-over-year).
- 2020: Revenue of $970K, expenses of $787K, and assets of $513K (revenue +12.2% year-over-year).
- 2019: Revenue of $865K, expenses of $847K, and assets of $328K (revenue +6.4% year-over-year).
- 2018: Revenue of $812K, expenses of $842K, and assets of $298K (revenue +1.0% year-over-year).
- 2017: Revenue of $804K, expenses of $800K, and assets of $331K (revenue -8.4% year-over-year).
- 2016: Revenue of $878K, expenses of $795K, and assets of $329K (revenue +11.9% year-over-year).
- 2015: Revenue of $785K, expenses of $761K, and assets of $267K (revenue -12.6% year-over-year).
- 2014: Revenue of $898K, expenses of $862K, and assets of $250K (revenue -11.4% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.0M, and assets of $254K (revenue +10.2% year-over-year).
- 2012: Revenue of $920K, expenses of $1.1M, and assets of $236K (revenue -4.8% year-over-year).
- 2011: Revenue of $966K, expenses of $984K, and assets of $347K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Keystone Learning Academy Inc:
Data Sources and Methodology
This transparency report for Keystone Learning Academy 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.