New Orleans College Preparatoryacademies
New Orleans College Preparatoryacademies faces significant financial challenges with declining revenue and consistent operating deficits.
EIN: 205595689 · New Orleans, LA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $9.0M |
| Program Spending | 80% |
| Net Assets | $2.5M |
| Transparency Score | 55/100 |
Is New Orleans College Preparatoryacademies Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Orleans College Preparatoryacademies directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Orleans College Preparatoryacademies
New Orleans College Preparatoryacademies (EIN: 205595689) is a nonprofit organization based in New Orleans, LA. The organization reported total revenue of $2.1M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Orleans College Preparatoryacademies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Orleans College Preparatoryacademies 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 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.5M |
| Total Expenses | $9.0M |
| Surplus / Deficit | $-1,491,226 |
| Total Assets | $3.4M |
| Total Liabilities | $859K |
| Net Assets | $2.5M |
| Operating Margin | -19.9% |
| Debt-to-Asset Ratio | 25.4% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2023, New Orleans College Preparatoryacademies reported a deficit of $1.5M with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 25.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Orleans College Preparatoryacademies's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.4% | +14.6% | -37.5% |
| 2022 | -38.1% | -43.5% | -23.5% |
| 2021 | +7.4% | +8.0% | +49.2% |
| 2020 | -8.3% | -11.9% | +66.9% |
| 2019 | -26.2% | -28.2% | -14.8% |
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 New Orleans College Preparatoryacademies with a Mission Score of 55 out of 100 (Fair). 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, New Orleans College Preparatoryacademies 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer leadership structure or that compensation is categorized differently, which is unusual for an organization of this size with multi-million dollar revenues and expenses.
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 New Orleans College Preparatoryacademies's IRS 990 filings:
- Significant and consistent operating deficits in recent years (e.g., $1,491,226 in 2023).
- Dramatic decline in revenue from $14,665,488 in 2021 to $7,496,442 in 2023.
- Decreasing asset base from $7,056,442 in 2021 to $3,375,600 in 2023.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data.
- Unusual consistent reporting of 0% officer compensation for an organization of this scale.
Strengths
The following positive indicators were identified for New Orleans College Preparatoryacademies:
- Long history of IRS 990 filings (13 filings), indicating consistent reporting.
- Historically managed significant revenue streams, peaking over $20 million in 2018.
- Maintained substantial assets over time, despite recent declines.
Frequently Asked Questions about New Orleans College Preparatoryacademies
Is New Orleans College Preparatoryacademies a legitimate charity?
New Orleans College Preparatoryacademies (EIN: 205595689) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. 5 red flags identified. 3 strengths noted. Financial health grade: B.
How does New Orleans College Preparatoryacademies spend its money?
New Orleans College Preparatoryacademies directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Orleans College Preparatoryacademies tax-deductible?
New Orleans College Preparatoryacademies is registered as a tax-exempt nonprofit (EIN: 205595689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Orleans College Preparatoryacademies's spending goes to programs?
New Orleans College Preparatoryacademies directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Orleans College Preparatoryacademies located?
New Orleans College Preparatoryacademies is headquartered in New Orleans, Louisiana and files with the IRS under EIN 205595689.
How many years of IRS 990 filings does New Orleans College Preparatoryacademies have?
New Orleans College Preparatoryacademies 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 $2.1M in total revenue.
Why has the organization's revenue decreased so dramatically from $14.6 million in 2021 to $7.4 million in 2023?
The provided data does not specify the reasons for the revenue decline, but it is a significant trend that impacts the organization's financial stability.
What is the detailed breakdown of program, administrative, and fundraising expenses for the most recent fiscal year?
The summary data does not provide this level of detail, making it difficult to fully assess spending efficiency beyond the overall deficit.
How does the organization plan to address the consistent operating deficits, such as the $1.4 million deficit in 2023?
The filings indicate a pattern of spending exceeding revenue in several periods, but specific plans to mitigate these deficits are not available in the provided data.
Is the 0% officer compensation accurate, and if so, how is leadership compensated or supported?
The consistent 0% reported for officer compensation across all filings is notable and suggests a need for further clarification on leadership compensation practices.
What is the organization's strategy for managing its declining asset base and substantial liabilities?
Assets have decreased from $7 million in 2021 to $3.3 million in 2023, while liabilities remain significant, indicating a potential need for a clear financial management strategy.
Filing History
IRS 990 filing history for New Orleans College Preparatoryacademies showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Orleans College Preparatoryacademies's revenue has grown by 7.3%, moving from $7.0M to $7.5M. Total assets increased by 83% over the same period, from $1.8M to $3.4M. Total functional expenses rose by 36.3%, from $6.6M to $9.0M. In its most recent filing year (2023), New Orleans College Preparatoryacademies reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $859K in liabilities against $3.4M in assets (debt-to-asset ratio: 25.4%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.5M | $9.0M | $3.4M | $859K | — | View 990 |
| 2022 | $9.1M | $7.8M | $5.4M | $1.4M | — | View 990 |
| 2021 | $14.7M | $13.9M | $7.1M | $4.3M | — | View 990 |
| 2020 | $13.7M | $12.9M | $4.7M | $2.7M | — | View 990 |
| 2019 | $14.9M | $14.6M | $2.8M | $1.6M | — | View 990 |
| 2018 | $20.2M | $20.3M | $3.3M | $2.4M | — | View 990 |
| 2017 | $19.9M | $21.0M | $2.9M | $1.4M | — | View 990 |
| 2016 | $19.8M | $19.4M | $3.0M | $391K | — | View 990 |
| 2015 | $17.5M | $18.2M | $2.7M | $547K | — | View 990 |
| 2014 | $17.4M | $16.6M | $3.4M | $500K | — | View 990 |
| 2013 | $11.7M | $11.5M | $2.6M | $443K | — | View 990 |
| 2012 | $10.2M | $10.0M | $2.2M | $297K | — | View 990 |
| 2011 | $7.0M | $6.6M | $1.8M | $123K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.5M, expenses of $9.0M, and assets of $3.4M (revenue -17.4% year-over-year).
- 2022: Revenue of $9.1M, expenses of $7.8M, and assets of $5.4M (revenue -38.1% year-over-year).
- 2021: Revenue of $14.7M, expenses of $13.9M, and assets of $7.1M (revenue +7.4% year-over-year).
- 2020: Revenue of $13.7M, expenses of $12.9M, and assets of $4.7M (revenue -8.3% year-over-year).
- 2019: Revenue of $14.9M, expenses of $14.6M, and assets of $2.8M (revenue -26.2% year-over-year).
- 2018: Revenue of $20.2M, expenses of $20.3M, and assets of $3.3M (revenue +1.4% year-over-year).
- 2017: Revenue of $19.9M, expenses of $21.0M, and assets of $2.9M (revenue +0.4% year-over-year).
- 2016: Revenue of $19.8M, expenses of $19.4M, and assets of $3.0M (revenue +13.3% year-over-year).
- 2015: Revenue of $17.5M, expenses of $18.2M, and assets of $2.7M (revenue +0.6% year-over-year).
- 2014: Revenue of $17.4M, expenses of $16.6M, and assets of $3.4M (revenue +48.4% year-over-year).
- 2013: Revenue of $11.7M, expenses of $11.5M, and assets of $2.6M (revenue +15.5% year-over-year).
- 2012: Revenue of $10.2M, expenses of $10.0M, and assets of $2.2M (revenue +45.3% year-over-year).
- 2011: Revenue of $7.0M, expenses of $6.6M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Orleans College Preparatoryacademies:
Data Sources and Methodology
This transparency report for New Orleans College Preparatoryacademies 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.