Little Scholars Academy At Lake Oconee Inc
EIN: 262994042 · Eatonton, GA · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $208K |
| Total Expenses | $222K |
| Net Assets | $-49,994 |
Is Little Scholars Academy At Lake Oconee Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Little Scholars Academy At Lake Oconee Inc
Little Scholars Academy At Lake Oconee Inc (EIN: 262994042) is a nonprofit organization based in Eatonton, GA, classified under NTEE code B21. The organization reported total revenue of $208K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little Scholars Academy At Lake Oconee Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little Scholars Academy At Lake Oconee Inc is a small nonprofit that has been operating for 10 years, with 10 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $212K |
| Total Expenses | $222K |
| Surplus / Deficit | $-10,390 |
| Total Assets | $4K |
| Total Liabilities | $54K |
| Net Assets | $-49,994 |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 1486.4% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Little Scholars Academy At Lake Oconee Inc reported a deficit of $10K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 1486.4% (high leverage).
Financial Trends
Over 10 years of filings (2012–2023), Little Scholars Academy At Lake Oconee Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.7% | +44.3% | -74.4% |
| 2022 | +133.9% | +75.8% | -48.3% |
| 2020 | -41.0% | -22.7% | +3230.9% |
| 2018 | -32.7% | -5.6% | -51.4% |
| 2017 | +109.4% | +39.2% | -46.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Little Scholars Academy At Lake Oconee 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 Little Scholars Academy At Lake Oconee 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 $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1486.4%.
Frequently Asked Questions about Little Scholars Academy At Lake Oconee Inc
Is Little Scholars Academy At Lake Oconee Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Little Scholars Academy At Lake Oconee Inc (EIN: 262994042) insufficient data. 0 red flags identified, 0 strengths noted.
How does Little Scholars Academy At Lake Oconee Inc spend its money?
Detailed spending breakdown data is not yet available for Little Scholars Academy At Lake Oconee Inc. Check back for updated IRS 990 analysis.
Are donations to Little Scholars Academy At Lake Oconee Inc tax-deductible?
Little Scholars Academy At Lake Oconee Inc is registered as a tax-exempt nonprofit (EIN: 262994042). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Little Scholars Academy At Lake Oconee Inc located?
Little Scholars Academy At Lake Oconee Inc is headquartered in Eatonton, Georgia and files with the IRS under EIN 262994042. It is classified under NTEE code B21.
How many years of IRS 990 filings does Little Scholars Academy At Lake Oconee Inc have?
Little Scholars Academy At Lake Oconee Inc 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 $208K in total revenue.
Filing History
IRS 990 filing history for Little Scholars Academy At Lake Oconee Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2023), Little Scholars Academy At Lake Oconee Inc's revenue has grown by 34.7%, moving from $157K to $212K. Total assets decreased by 62.1% over the same period, from $10K to $4K. Total functional expenses rose by 16.3%, from $191K to $222K. In its most recent filing year (2023), Little Scholars Academy At Lake Oconee Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $54K in liabilities against $4K in assets (debt-to-asset ratio: 1486.4%), resulting in net assets of $-49,994.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $212K | $222K | $4K | $54K | — | — |
| 2022 | $130K | $154K | $14K | $54K | — | View 990 |
| 2020 | $56K | $88K | $27K | $63K | — | — |
| 2018 | $94K | $113K | $816 | $6K | — | View 990 |
| 2017 | $140K | $120K | $2K | $14K | — | View 990 |
| 2016 | $67K | $86K | $3K | $29K | — | View 990 |
| 2015 | $105K | $104K | $3K | $10K | — | — |
| 2014 | $140K | $107K | $4K | $12K | — | — |
| 2013 | $152K | $155K | $8K | $49K | — | — |
| 2012 | $157K | $191K | $10K | $47K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $212K, expenses of $222K, and assets of $4K (revenue +62.7% year-over-year).
- 2022: Revenue of $130K, expenses of $154K, and assets of $14K (revenue +133.9% year-over-year).
- 2020: Revenue of $56K, expenses of $88K, and assets of $27K (revenue -41.0% year-over-year).
- 2018: Revenue of $94K, expenses of $113K, and assets of $816 (revenue -32.7% year-over-year).
- 2017: Revenue of $140K, expenses of $120K, and assets of $2K (revenue +109.4% year-over-year).
- 2016: Revenue of $67K, expenses of $86K, and assets of $3K (revenue -36.2% year-over-year).
- 2015: Revenue of $105K, expenses of $104K, and assets of $3K (revenue -24.8% year-over-year).
- 2014: Revenue of $140K, expenses of $107K, and assets of $4K (revenue -8.4% year-over-year).
- 2013: Revenue of $152K, expenses of $155K, and assets of $8K (revenue -3.2% year-over-year).
- 2012: Revenue of $157K, expenses of $191K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little Scholars Academy At Lake Oconee Inc:
Data Sources and Methodology
This transparency report for Little Scholars Academy At Lake Oconee 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.