Northwood Academy Charter School
Northwood Academy Charter School shows consistent revenue growth and operates with a surplus, reporting no officer compensation.
EIN: 202633383 · Philadelphia, PA · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.6M |
| Total Expenses | $13.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $6.1M |
| Transparency Score | 88/100 |
Is Northwood Academy Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northwood Academy Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northwood Academy Charter School
Northwood Academy Charter School (EIN: 202633383) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code B29. The organization reported total revenue of $17.6M and total assets of $24.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwood Academy Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northwood Academy Charter School is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.0M |
| Total Expenses | $13.9M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $25.1M |
| Total Liabilities | $19.0M |
| Net Assets | $6.1M |
| Operating Margin | 7.2% |
| Debt-to-Asset Ratio | 75.8% |
| Months of Reserves | 21.6 months |
Financial Health Grade: A
In 2023, Northwood Academy Charter School reported a surplus of $1.1M with revenue exceeding expenses, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 75.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northwood Academy Charter School's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.9% | +15.8% | -3.5% |
| 2022 | +10.0% | +15.4% | +3.9% |
| 2021 | +12.0% | +3.9% | +7.2% |
| 2020 | +3.2% | +3.1% | +2.1% |
| 2019 | +7.7% | -5.6% | +11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2006 |
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 Northwood Academy Charter School with a Mission Score of 88 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, Northwood Academy Charter School 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 surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.8%.
Executive Compensation Analysis
Northwood Academy Charter School consistently reports 0% officer compensation across all available filings, indicating that no portion of its budget is allocated to executive salaries, which is highly unusual for an organization of its size with $15 million in revenue.
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 Northwood Academy Charter School's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and may indicate compensation is reported under other categories or through a related entity, warranting further investigation.
- Lack of detailed expense breakdown beyond total expenses in the provided data makes it difficult to precisely verify program spending efficiency.
Strengths
The following positive indicators were identified for Northwood Academy Charter School:
- Consistent revenue growth, from $9,595,892 in 2015 to $15,012,164 in 2023, indicating strong financial health.
- Regularly operates with a surplus, for example, $1,077,036 in 2023 ($15,012,164 revenue - $13,935,128 expenses), demonstrating sound financial management.
- Growing asset base, reaching $25,108,454 in 2023, enhancing long-term stability.
- No officer compensation reported, suggesting a strong commitment to directing funds towards the mission.
Frequently Asked Questions about Northwood Academy Charter School
Is Northwood Academy Charter School a legitimate charity?
Northwood Academy Charter School (EIN: 202633383) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $17.6M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Northwood Academy Charter School spend its money?
Northwood Academy Charter School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Northwood Academy Charter School tax-deductible?
Northwood Academy Charter School is registered as a tax-exempt nonprofit (EIN: 202633383). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Northwood Academy Charter School CEO make?
Northwood Academy Charter School's highest-compensated officer earns $15 annually. The organization reported $17.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Northwood Academy Charter School's spending goes to programs?
Northwood Academy Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northwood Academy Charter School compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Northwood Academy Charter School is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northwood Academy Charter School located?
Northwood Academy Charter School is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 202633383. It is classified under NTEE code B29.
How many years of IRS 990 filings does Northwood Academy Charter School have?
Northwood Academy Charter School 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 $17.6M in total revenue.
Is Northwood Academy Charter School a good charity?
Based on the available financial data, Northwood Academy Charter School appears to be a financially healthy organization with consistent revenue growth and a history of operating with a surplus. The reported 0% officer compensation is a strong positive indicator of mission focus. However, without detailed expense breakdowns beyond total expenses, a full assessment of program efficiency is limited.
How has Northwood Academy's financial stability changed over time?
Northwood Academy has shown increasing financial stability, with revenue growing from $9,595,892 in 2015 to $15,012,164 in 2023. The organization has consistently maintained a positive net income, with assets growing to $25,108,454 in 2023, indicating a strong financial position.
What is the trend in Northwood Academy's assets and liabilities?
Northwood Academy's assets have generally increased over the years, reaching $25,108,454 in 2023 from $21,551,808 in 2015. Liabilities have fluctuated, peaking around $25 million in 2019, but have since decreased to $19,036,816 in 2023, showing an improving balance sheet.
Filing History
IRS 990 filing history for Northwood Academy Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northwood Academy Charter School's revenue has grown by 48.9%, moving from $10.1M to $15.0M. Total assets increased by 75.1% over the same period, from $14.3M to $25.1M. Total functional expenses rose by 65.7%, from $8.4M to $13.9M. In its most recent filing year (2023), Northwood Academy Charter School reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $19.0M in liabilities against $25.1M in assets (debt-to-asset ratio: 75.8%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.0M | $13.9M | $25.1M | $19.0M | — | View 990 |
| 2022 | $14.6M | $12.0M | $26.0M | $21.0M | — | View 990 |
| 2021 | $13.3M | $10.4M | $25.0M | $22.6M | — | View 990 |
| 2020 | $11.8M | $10.0M | $23.4M | $23.8M | — | View 990 |
| 2019 | $11.5M | $9.7M | $22.9M | $25.1M | — | View 990 |
| 2018 | $10.7M | $10.3M | $20.5M | $24.4M | — | View 990 |
| 2017 | $10.0M | $10.4M | $20.3M | $23.9M | — | View 990 |
| 2016 | $9.2M | $10.1M | $20.6M | $23.8M | — | View 990 |
| 2015 | $9.6M | $10.2M | $21.6M | $23.9M | — | View 990 |
| 2014 | $10.1M | $9.4M | $23.0M | $12.5M | — | View 990 |
| 2013 | $9.5M | $9.0M | $22.4M | $12.6M | — | View 990 |
| 2012 | $9.8M | $9.0M | $18.3M | $9.1M | — | View 990 |
| 2011 | $10.1M | $8.4M | $14.3M | $6.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.0M, expenses of $13.9M, and assets of $25.1M (revenue +2.9% year-over-year).
- 2022: Revenue of $14.6M, expenses of $12.0M, and assets of $26.0M (revenue +10.0% year-over-year).
- 2021: Revenue of $13.3M, expenses of $10.4M, and assets of $25.0M (revenue +12.0% year-over-year).
- 2020: Revenue of $11.8M, expenses of $10.0M, and assets of $23.4M (revenue +3.2% year-over-year).
- 2019: Revenue of $11.5M, expenses of $9.7M, and assets of $22.9M (revenue +7.7% year-over-year).
- 2018: Revenue of $10.7M, expenses of $10.3M, and assets of $20.5M (revenue +6.3% year-over-year).
- 2017: Revenue of $10.0M, expenses of $10.4M, and assets of $20.3M (revenue +9.0% year-over-year).
- 2016: Revenue of $9.2M, expenses of $10.1M, and assets of $20.6M (revenue -4.1% year-over-year).
- 2015: Revenue of $9.6M, expenses of $10.2M, and assets of $21.6M (revenue -5.3% year-over-year).
- 2014: Revenue of $10.1M, expenses of $9.4M, and assets of $23.0M (revenue +6.6% year-over-year).
- 2013: Revenue of $9.5M, expenses of $9.0M, and assets of $22.4M (revenue -3.4% year-over-year).
- 2012: Revenue of $9.8M, expenses of $9.0M, and assets of $18.3M (revenue -2.5% year-over-year).
- 2011: Revenue of $10.1M, expenses of $8.4M, and assets of $14.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northwood Academy Charter School:
Data Sources and Methodology
This transparency report for Northwood Academy Charter School 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.