Miraaj Academy Inc
EIN: 814037583 · Memphis, TN · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $158K |
| Total Expenses | $123K |
| Net Assets | $184K |
Is Miraaj 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 Miraaj Academy Inc
Miraaj Academy Inc (EIN: 814037583) is a nonprofit organization based in Memphis, TN, classified under NTEE code B82. The organization reported total revenue of $158K and total assets of $249K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Miraaj Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Miraaj Academy Inc is a small nonprofit that has been operating for 9 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 18.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $183K |
| Total Expenses | $123K |
| Surplus / Deficit | +$60K |
| Total Assets | $197K |
| Total Liabilities | $13K |
| Net Assets | $184K |
| Operating Margin | 32.9% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Miraaj Academy Inc reported a surplus of $60K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Miraaj Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.0% | +0.9% | +52.5% |
| 2022 | +87.2% | -0.2% | +239.2% |
| 2021 | +19.2% | +39.6% | +12.8% |
| 2020 | +2.7% | +35.8% | +59.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Miraaj 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 Miraaj 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 surplus of $60K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.4%.
Frequently Asked Questions about Miraaj Academy Inc
Is Miraaj Academy Inc a legitimate charity?
Miraaj Academy Inc (EIN: 814037583) is a registered tax-exempt nonprofit based in Tennessee. It has 5 years of IRS 990 filings on record. Total revenue: $158K. No red flags identified. Financial health grade: A.
How does Miraaj Academy Inc spend its money?
Miraaj Academy Inc reported $158K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Miraaj Academy Inc tax-deductible?
Miraaj Academy Inc is registered as a tax-exempt nonprofit (EIN: 814037583). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Miraaj Academy Inc located?
Miraaj Academy Inc is headquartered in Memphis, Tennessee and files with the IRS under EIN 814037583. It is classified under NTEE code B82.
How many years of IRS 990 filings does Miraaj Academy Inc have?
Miraaj Academy Inc has 5 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 $158K in total revenue.
Filing History
IRS 990 filing history for Miraaj Academy Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Miraaj Academy Inc's revenue has grown by 97%, moving from $93K to $183K. Total assets increased by 828.7% over the same period, from $21K to $197K. Total functional expenses rose by 91%, from $64K to $123K. In its most recent filing year (2023), Miraaj Academy Inc reported a surplus of $60K, with revenue exceeding expenses. The organization holds $13K in liabilities against $197K in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $184K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $183K | $123K | $197K | $13K | — | View 990 |
| 2022 | $213K | $122K | $129K | $5K | — | View 990 |
| 2021 | $114K | $122K | $38K | $488 | — | View 990 |
| 2020 | $95K | $87K | $34K | $488 | — | — |
| 2019 | $93K | $64K | $21K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $183K, expenses of $123K, and assets of $197K (revenue -14.0% year-over-year).
- 2022: Revenue of $213K, expenses of $122K, and assets of $129K (revenue +87.2% year-over-year).
- 2021: Revenue of $114K, expenses of $122K, and assets of $38K (revenue +19.2% year-over-year).
- 2020: Revenue of $95K, expenses of $87K, and assets of $34K (revenue +2.7% year-over-year).
- 2019: Revenue of $93K, expenses of $64K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Miraaj Academy Inc:
Data Sources and Methodology
This transparency report for Miraaj 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.