Manara Academy Inc
Manara Academy Inc. maintains stable operations with occasional deficit spending and no reported officer compensation.
EIN: 205254172 · Irving, TX · NTEE: B21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.1M |
| Total Expenses | $6.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $4.5M |
| Transparency Score | 85/100 |
Is Manara Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Manara Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Manara Academy Inc
Manara Academy Inc (EIN: 205254172) is a nonprofit organization based in Irving, TX, classified under NTEE code B21. The organization reported total revenue of $8.1M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Manara Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Manara Academy Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $6.6M |
| Surplus / Deficit | $-24,448 |
| Total Assets | $6.4M |
| Total Liabilities | $1.8M |
| Net Assets | $4.5M |
| Operating Margin | -0.4% |
| Debt-to-Asset Ratio | 28.9% |
| Months of Reserves | 11.6 months |
Financial Health Grade: B
In 2023, Manara Academy Inc reported a deficit of $24K with expenses exceeding revenue, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 28.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Manara Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.0% | -13.1% | +9.9% |
| 2022 | +26.3% | +16.8% | -34.3% |
| 2021 | -6.8% | -7.4% | -1.2% |
| 2020 | -9.4% | -20.3% | -4.7% |
| 2019 | +3.8% | -0.4% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Manara Academy Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Manara Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.9%.
Executive Compensation Analysis
Manara Academy Inc. consistently reports 0% officer compensation across all provided filing periods, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size with revenues often exceeding $8 million.
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 Manara Academy Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization of this size, which may warrant further investigation into how leadership is compensated or structured.
- Occasional periods where expenses exceed revenue, such as in 202306 ($6,584,631 expenses vs. $6,560,183 revenue), which could impact long-term financial stability if not managed effectively.
Strengths
The following positive indicators were identified for Manara Academy Inc:
- Strong program focus indicated by 0% reported officer compensation, suggesting resources are directed towards the mission.
- Consistent and extensive IRS 990 filing history (13 filings), demonstrating a high level of transparency.
- Maintains substantial assets (e.g., $6,356,243 in 202306) providing a financial buffer.
- Long operational history with stable revenue streams, indicating organizational resilience.
Frequently Asked Questions about Manara Academy Inc
Is Manara Academy Inc a legitimate charity?
Manara Academy Inc (EIN: 205254172) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Manara Academy Inc spend its money?
Manara Academy Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Manara Academy Inc tax-deductible?
Manara Academy Inc is registered as a tax-exempt nonprofit (EIN: 205254172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Manara Academy Inc CEO make?
Manara Academy Inc's highest-compensated officer earns $8 annually. The organization reported $8.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Manara Academy Inc's spending goes to programs?
Manara Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Manara Academy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Manara Academy Inc is above average for NTEE category B21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Manara Academy Inc located?
Manara Academy Inc is headquartered in Irving, Texas and files with the IRS under EIN 205254172. It is classified under NTEE code B21.
How many years of IRS 990 filings does Manara Academy Inc have?
Manara 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 $8.1M in total revenue.
How does Manara Academy Inc. manage its occasional deficit spending, such as in 202306 and 201906?
The organization likely covers these deficits through accumulated reserves or other non-operating income, as its assets remain substantial despite these periods.
Who manages the organization if no officer compensation is reported?
This could indicate that leadership roles are filled by volunteers, or compensation is reported under different categories not specified as 'Officer Comp' in the provided data, or through a related management entity.
What is the long-term trend of the organization's liabilities?
Liabilities have fluctuated significantly, from a high of $8,138,829 in 201906 to $1,835,081 in 202306, suggesting active management or changes in debt structure.
What is the primary source of Manara Academy Inc.'s revenue?
Given its NTEE code B21 (Elementary & Secondary Education), its primary revenue likely comes from public funding, tuition, or grants related to educational services, though specific sources are not detailed in the provided data.
Filing History
IRS 990 filing history for Manara Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Manara Academy Inc's revenue has grown by 91.4%, moving from $3.4M to $6.6M. Total assets increased by 607.5% over the same period, from $898K to $6.4M. Total functional expenses rose by 134.9%, from $2.8M to $6.6M. In its most recent filing year (2023), Manara Academy Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $6.4M in assets (debt-to-asset ratio: 28.9%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $6.6M | $6.4M | $1.8M | — | View 990 |
| 2022 | $9.2M | $7.6M | $5.8M | $1.2M | — | View 990 |
| 2021 | $7.3M | $6.5M | $8.8M | $5.9M | — | View 990 |
| 2020 | $7.9M | $7.0M | $8.9M | $6.9M | — | View 990 |
| 2019 | $8.7M | $8.8M | $9.3M | $8.1M | — | View 990 |
| 2018 | $8.3M | $8.8M | $9.6M | $8.3M | — | View 990 |
| 2017 | $8.1M | $8.3M | $9.4M | $7.6M | — | View 990 |
| 2016 | $7.8M | $7.7M | $9.4M | $7.4M | — | View 990 |
| 2015 | $6.1M | $6.0M | $9.5M | $7.7M | — | View 990 |
| 2014 | $4.5M | $4.1M | $5.3M | $3.6M | — | View 990 |
| 2013 | $4.0M | $3.8M | $1.6M | $253K | — | View 990 |
| 2012 | $3.6M | $3.0M | $1.4M | $277K | — | View 990 |
| 2011 | $3.4M | $2.8M | $898K | $257K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $6.6M, and assets of $6.4M (revenue -29.0% year-over-year).
- 2022: Revenue of $9.2M, expenses of $7.6M, and assets of $5.8M (revenue +26.3% year-over-year).
- 2021: Revenue of $7.3M, expenses of $6.5M, and assets of $8.8M (revenue -6.8% year-over-year).
- 2020: Revenue of $7.9M, expenses of $7.0M, and assets of $8.9M (revenue -9.4% year-over-year).
- 2019: Revenue of $8.7M, expenses of $8.8M, and assets of $9.3M (revenue +3.8% year-over-year).
- 2018: Revenue of $8.3M, expenses of $8.8M, and assets of $9.6M (revenue +2.9% year-over-year).
- 2017: Revenue of $8.1M, expenses of $8.3M, and assets of $9.4M (revenue +4.2% year-over-year).
- 2016: Revenue of $7.8M, expenses of $7.7M, and assets of $9.4M (revenue +27.6% year-over-year).
- 2015: Revenue of $6.1M, expenses of $6.0M, and assets of $9.5M (revenue +34.3% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.1M, and assets of $5.3M (revenue +12.7% year-over-year).
- 2013: Revenue of $4.0M, expenses of $3.8M, and assets of $1.6M (revenue +11.0% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.0M, and assets of $1.4M (revenue +6.0% year-over-year).
- 2011: Revenue of $3.4M, expenses of $2.8M, and assets of $898K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Manara Academy Inc:
Data Sources and Methodology
This transparency report for Manara 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.