Mound Street Academies
Mound Street Academies sees significant revenue growth after years of operating deficits and declining assets.
EIN: 10607915 · Dayton, OH · NTEE: B29 · Updated: 2026-03-27
Is Mound Street Academies Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mound Street Academies directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mound Street Academies
Mound Street Academies (EIN: 10607915) is a nonprofit organization based in Dayton, OH, classified under NTEE code B29. The organization reported total revenue of $2.0M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mound Street Academies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mound Street Academies with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mound Street Academies allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, or trustees, which is highly unusual for an organization of its size and suggests a strong commitment to directing funds towards its mission.
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 Mound Street Academies's IRS 990 filings:
- Historical pattern of expenses exceeding revenue (e.g., 201706: Expenses=$1,028,943 vs. Revenue=$624,724)
- Significant fluctuations in liabilities, peaking at $1,788,432 in 201706
- Declining asset base from 201106 ($2,293,289) to 201806 ($873,325) before recent recovery
- Lack of detailed expense breakdown for the latest period, making current efficiency assessment difficult
Strengths
The following positive indicators were identified for Mound Street Academies:
- Significant recent revenue growth to $1,962,266, indicating renewed financial capacity
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to minimizing executive overhead
- Substantial increase in assets to $3,737,939 in the latest period, indicating improved financial position
- Long filing history (8 filings) demonstrates consistent reporting to the IRS
Frequently Asked Questions about Mound Street Academies
Is Mound Street Academies a legitimate charity?
Based on AI analysis of IRS 990 filings, Mound Street Academies (EIN: 10607915) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does Mound Street Academies spend its money?
Mound Street Academies directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mound Street Academies tax-deductible?
Mound Street Academies is registered as a tax-exempt nonprofit (EIN: 10607915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in revenue to $1,962,266 in the latest period?
The provided data shows a substantial jump in revenue from $540,693 in 201806 to $1,962,266 in the latest period. Understanding the source of this new funding (e.g., grants, donations, program service revenue) is crucial for assessing its sustainability and impact on the organization's operations.
How has the organization managed its liabilities, which have fluctuated significantly?
Liabilities have ranged from $86,927 in 201406 to $1,788,432 in 201706. Understanding the nature of these liabilities and how they are being managed, especially with the recent asset growth, is important for evaluating financial stability.
What is the detailed breakdown of expenses for the latest period?
While historical expense data is available, the latest filing only provides total revenue and assets. A detailed breakdown of program, administrative, and fundraising expenses for the most recent period is necessary to accurately assess spending efficiency and program focus.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues approaching $2 million. It raises questions about how leadership is compensated or if key roles are filled by volunteers or through other arrangements not reflected in officer compensation.
Filing History
IRS 990 filing history for Mound Street Academies showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Mound Street Academies's revenue has declined by 40.9%, moving from $915K to $541K. Total assets decreased by 61.9% over the same period, from $2.3M to $873K. Total functional expenses fell by 45.3%, from $896K to $490K. In its most recent filing year (2018), Mound Street Academies reported a surplus of $50K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $873K in assets (debt-to-asset ratio: 183.6%), resulting in net assets of $-730,300.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2018 | $541K | $490K | $873K | $1.6M | — | View 990 |
| 2017 | $625K | $1.0M | $1.3M | $1.8M | — | View 990 |
| 2016 | $544K | $1.1M | $1.4M | $1.6M | — | View 990 |
| 2015 | $554K | $815K | $1.7M | $1.2M | — | View 990 |
| 2014 | $737K | $784K | $1.9M | $87K | — | View 990 |
| 2013 | $741K | $916K | $2.0M | $113K | — | View 990 |
| 2012 | $717K | $901K | $2.1M | $113K | — | View 990 |
| 2011 | $915K | $896K | $2.3M | $93K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $541K, expenses of $490K, and assets of $873K (revenue -13.5% year-over-year).
- 2017: Revenue of $625K, expenses of $1.0M, and assets of $1.3M (revenue +14.9% year-over-year).
- 2016: Revenue of $544K, expenses of $1.1M, and assets of $1.4M (revenue -1.8% year-over-year).
- 2015: Revenue of $554K, expenses of $815K, and assets of $1.7M (revenue -24.9% year-over-year).
- 2014: Revenue of $737K, expenses of $784K, and assets of $1.9M (revenue -0.6% year-over-year).
- 2013: Revenue of $741K, expenses of $916K, and assets of $2.0M (revenue +3.4% year-over-year).
- 2012: Revenue of $717K, expenses of $901K, and assets of $2.1M (revenue -21.7% year-over-year).
- 2011: Revenue of $915K, expenses of $896K, and assets of $2.3M.
Data Sources and Methodology
This transparency report for Mound Street Academies 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.