Paragon Academy Of Technology Inc
Paragon Academy Of Technology Inc shows consistent revenue growth and operational surpluses with no reported executive compensation, but maintains high liabilities relative to assets.
EIN: 202664172 · Hollywood, FL · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $289K |
| Transparency Score | 92/100 |
Is Paragon Academy Of Technology Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paragon Academy Of Technology Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paragon Academy Of Technology Inc
Paragon Academy Of Technology Inc (EIN: 202664172) is a nonprofit organization based in Hollywood, FL, classified under NTEE code B29. The organization reported total revenue of $1.6M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paragon Academy Of Technology Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paragon Academy Of Technology Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$159K |
| Total Assets | $2.7M |
| Total Liabilities | $2.4M |
| Net Assets | $289K |
| Operating Margin | 9.5% |
| Debt-to-Asset Ratio | 89.2% |
| Months of Reserves | 21.3 months |
Financial Health Grade: A
In 2024, Paragon Academy Of Technology Inc reported a surplus of $159K with revenue exceeding expenses, holds 21.3 months of operating reserves (strong position), has a debt-to-asset ratio of 89.2% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Paragon Academy Of Technology Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +30.4% | +9.8% | -0.6% |
| 2023 | +1.4% | +1.3% | -0.7% |
| 2022 | +10.0% | +22.9% | +445.1% |
| 2021 | +4.2% | -9.2% | +53.3% |
| 2020 | -1.4% | +12.6% | -29.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Paragon Academy Of Technology Inc with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Paragon Academy Of Technology Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $159K, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive compensation from the organization, which is highly unusual for an organization with over $1.6 million in revenue and suggests a strong commitment to mission-focused spending.
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 Paragon Academy Of Technology Inc's IRS 990 filings:
- High liabilities relative to total assets, indicating potential reliance on debt or restricted funds (e.g., $2,385,673 liabilities vs. $2,674,485 assets in 202406).
Strengths
The following positive indicators were identified for Paragon Academy Of Technology Inc:
- Consistent revenue growth over the past decade, from $970,027 in 201506 to $1,666,868 in 202406.
- Consistent operational surpluses, indicating sound financial management (e.g., $158,857 surplus in 202406).
- Zero reported officer compensation across all filings, demonstrating strong commitment to mission and high transparency.
- Significant growth in total assets over time, from $142,474 in 201506 to $2,674,485 in 202406.
Frequently Asked Questions about Paragon Academy Of Technology Inc
Is Paragon Academy Of Technology Inc a legitimate charity?
Paragon Academy Of Technology Inc (EIN: 202664172) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Paragon Academy Of Technology Inc spend its money?
Paragon Academy Of Technology Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Paragon Academy Of Technology Inc tax-deductible?
Paragon Academy Of Technology Inc is registered as a tax-exempt nonprofit (EIN: 202664172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Paragon Academy Of Technology Inc CEO make?
Paragon Academy Of Technology Inc's highest-compensated officer earns $1.6 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Paragon Academy Of Technology Inc's spending goes to programs?
Paragon Academy Of Technology Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Paragon Academy Of Technology Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Paragon Academy Of Technology Inc 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 Paragon Academy Of Technology Inc located?
Paragon Academy Of Technology Inc is headquartered in Hollywood, Florida and files with the IRS under EIN 202664172. It is classified under NTEE code B29.
How many years of IRS 990 filings does Paragon Academy Of Technology Inc have?
Paragon Academy Of Technology Inc has 14 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 $1.6M in total revenue.
Is Paragon Academy Of Technology Inc a good charity?
Based on the available data, Paragon Academy Of Technology Inc appears to be a good charity. It demonstrates consistent revenue growth, operational surpluses, and a strong commitment to its mission by reporting zero officer compensation across all filings. This suggests a high percentage of funds are directed towards its programs.
What is the organization's financial stability?
The organization shows good financial stability with consistent revenue growth from $970,027 in 201506 to $1,666,868 in 202406, and consistent operational surpluses. However, its high liabilities relative to assets, such as $2,385,673 in liabilities against $2,674,485 in assets in 202406, warrant further investigation into the nature of these liabilities.
How does Paragon Academy Of Technology Inc manage executive compensation?
Paragon Academy Of Technology Inc reports 0% officer compensation in all available filings. This indicates that no officers or key employees are compensated, which is a significant positive for transparency and efficiency, suggesting all funds are directed to the organization's mission.
What are the trends in the organization's assets and liabilities?
Assets have grown significantly from $142,474 in 201506 to $2,674,485 in 202406. However, liabilities have also increased substantially, from $46,311 in 201506 to $2,385,673 in 202406, maintaining a high ratio of liabilities to assets.
What is the organization's spending efficiency?
While a detailed breakdown of program, administrative, and fundraising expenses is not provided, the consistent operational surpluses and the absence of officer compensation strongly suggest high spending efficiency, with a significant portion of funds likely allocated directly to programmatic activities.
Filing History
IRS 990 filing history for Paragon Academy Of Technology Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Paragon Academy Of Technology Inc's revenue has grown by 109%, moving from $798K to $1.7M. Total assets increased by 1775.5% over the same period, from $143K to $2.7M. Total functional expenses rose by 120.2%, from $685K to $1.5M. In its most recent filing year (2024), Paragon Academy Of Technology Inc reported a surplus of $159K, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $2.7M in assets (debt-to-asset ratio: 89.2%), resulting in net assets of $289K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $1.5M | $2.7M | $2.4M | — | View 990 |
| 2023 | $1.3M | $1.4M | $2.7M | $2.6M | — | — |
| 2022 | $1.3M | $1.4M | $2.7M | $2.5M | — | View 990 |
| 2021 | $1.1M | $1.1M | $497K | $214K | — | View 990 |
| 2020 | $1.1M | $1.2M | $324K | $79K | — | — |
| 2019 | $1.1M | $1.1M | $462K | $101K | — | View 990 |
| 2018 | $1.0M | $976K | $384K | $59K | — | View 990 |
| 2017 | $1.1M | $921K | $317K | $67K | — | View 990 |
| 2016 | $988K | $971K | $169K | $56K | — | View 990 |
| 2015 | $970K | $1.0M | $142K | $46K | — | View 990 |
| 2014 | $1.0M | $946K | $214K | $49K | — | View 990 |
| 2013 | $801K | $797K | $108K | $39K | — | View 990 |
| 2012 | $658K | $705K | $105K | $39K | — | View 990 |
| 2011 | $798K | $685K | $143K | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $1.5M, and assets of $2.7M (revenue +30.4% year-over-year).
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $2.7M (revenue +1.4% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.4M, and assets of $2.7M (revenue +10.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $497K (revenue +4.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.2M, and assets of $324K (revenue -1.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $462K (revenue +6.3% year-over-year).
- 2018: Revenue of $1.0M, expenses of $976K, and assets of $384K (revenue -0.9% year-over-year).
- 2017: Revenue of $1.1M, expenses of $921K, and assets of $317K (revenue +7.2% year-over-year).
- 2016: Revenue of $988K, expenses of $971K, and assets of $169K (revenue +1.8% year-over-year).
- 2015: Revenue of $970K, expenses of $1.0M, and assets of $142K (revenue -6.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $946K, and assets of $214K (revenue +30.1% year-over-year).
- 2013: Revenue of $801K, expenses of $797K, and assets of $108K (revenue +21.8% year-over-year).
- 2012: Revenue of $658K, expenses of $705K, and assets of $105K (revenue -17.6% year-over-year).
- 2011: Revenue of $798K, expenses of $685K, and assets of $143K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paragon Academy Of Technology Inc:
Data Sources and Methodology
This transparency report for Paragon Academy Of Technology 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.