Peabody Charter School Inc
Peabody Charter School Inc. shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 10900952 · Santa Barbara, CA · NTEE: B29 · Updated: 2026-03-28
Is Peabody Charter School Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peabody Charter School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peabody Charter School Inc
Peabody Charter School Inc (EIN: 10900952) is a nonprofit organization based in Santa Barbara, CA, classified under NTEE code B29. The organization reported total revenue of $13.1M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peabody Charter School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peabody Charter School Inc is a large nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.2M |
| Total Expenses | $11.9M |
| Surplus / Deficit | +$307K |
| Total Assets | $7.0M |
| Total Liabilities | $3.5M |
| Net Assets | $3.6M |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 49.3% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2023, Peabody Charter School Inc reported a surplus of $307K with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 49.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Peabody Charter School Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +17.9% | +31.4% |
| 2022 | +24.0% | +11.9% | +8.0% |
| 2021 | +6.3% | +6.3% | +33.5% |
| 2020 | -3.5% | -2.1% | +1.6% |
| 2019 | +10.4% | +9.3% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Peabody Charter School 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Peabody Charter School Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $307K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly commendable and suggests a strong commitment to directing all available funds towards the school's 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.
Strengths
The following positive indicators were identified for Peabody Charter School Inc:
- Consistent revenue growth, increasing from $7.1M in 2014 to $12.2M in 2023.
- Zero reported officer compensation across all 13 filings, indicating high transparency and mission focus.
- Healthy asset growth from $3.1M in 2014 to $7.0M in 2023, demonstrating financial stability.
- Consistent operational surpluses, with revenue exceeding expenses in most years (e.g., $12.2M revenue vs. $11.9M expenses in 2023).
- Manageable liabilities relative to assets, indicating good financial control.
Frequently Asked Questions about Peabody Charter School Inc
Is Peabody Charter School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Peabody Charter School Inc (EIN: 10900952) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Peabody Charter School Inc spend its money?
Peabody Charter School Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peabody Charter School Inc tax-deductible?
Peabody Charter School Inc is registered as a tax-exempt nonprofit (EIN: 10900952). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Peabody Charter School Inc. a good charity?
Based on the provided financial data, Peabody Charter School Inc. appears to be a very well-managed organization. It demonstrates consistent revenue growth, operates with a surplus, and reports 0% officer compensation, all of which are strong indicators of a good charity focused on its mission.
How has Peabody Charter School Inc.'s financial health changed over the last 10 years?
Peabody Charter School Inc. has shown significant financial growth and improved health over the last 10 years. Revenue has increased from $7.1 million in 2014 to $12.2 million in 2023, and assets have more than doubled from $3.1 million to $7.0 million in the same period, indicating strong financial stability and expansion.
What is the trend in the organization's assets and liabilities?
The organization's assets have shown a strong upward trend, growing from $3,131,784 in 2014 to $7,045,452 in 2023. Liabilities have also increased but at a slower rate, from $1,293,035 to $3,470,598, maintaining a healthy asset-to-liability ratio, suggesting good financial management.
Filing History
IRS 990 filing history for Peabody Charter School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peabody Charter School Inc's revenue has grown by 102.9%, moving from $6.0M to $12.2M. Total assets increased by 188.6% over the same period, from $2.4M to $7.0M. Total functional expenses rose by 87.9%, from $6.3M to $11.9M. In its most recent filing year (2023), Peabody Charter School Inc reported a surplus of $307K, with revenue exceeding expenses. The organization holds $3.5M in liabilities against $7.0M in assets (debt-to-asset ratio: 49.3%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.2M | $11.9M | $7.0M | $3.5M | — | View 990 |
| 2022 | $11.2M | $10.1M | $5.4M | $2.1M | — | View 990 |
| 2021 | $9.0M | $9.0M | $5.0M | $2.8M | — | View 990 |
| 2020 | $8.5M | $8.5M | $3.7M | $1.5M | — | View 990 |
| 2019 | $8.8M | $8.7M | $3.7M | $1.5M | — | View 990 |
| 2018 | $8.0M | $7.9M | $3.7M | $1.6M | — | View 990 |
| 2017 | $8.0M | $7.8M | $3.3M | $1.3M | — | View 990 |
| 2016 | $7.7M | $7.6M | $3.3M | $1.5M | — | View 990 |
| 2015 | $7.0M | $7.1M | $2.9M | $1.2M | — | View 990 |
| 2014 | $7.1M | $6.8M | $3.1M | $1.3M | — | View 990 |
| 2013 | $6.4M | $6.2M | $2.4M | $941K | — | View 990 |
| 2012 | $6.3M | $6.5M | $2.2M | $916K | — | View 990 |
| 2011 | $6.0M | $6.3M | $2.4M | $964K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.2M, expenses of $11.9M, and assets of $7.0M (revenue +9.1% year-over-year).
- 2022: Revenue of $11.2M, expenses of $10.1M, and assets of $5.4M (revenue +24.0% year-over-year).
- 2021: Revenue of $9.0M, expenses of $9.0M, and assets of $5.0M (revenue +6.3% year-over-year).
- 2020: Revenue of $8.5M, expenses of $8.5M, and assets of $3.7M (revenue -3.5% year-over-year).
- 2019: Revenue of $8.8M, expenses of $8.7M, and assets of $3.7M (revenue +10.4% year-over-year).
- 2018: Revenue of $8.0M, expenses of $7.9M, and assets of $3.7M (revenue -0.5% year-over-year).
- 2017: Revenue of $8.0M, expenses of $7.8M, and assets of $3.3M (revenue +3.6% year-over-year).
- 2016: Revenue of $7.7M, expenses of $7.6M, and assets of $3.3M (revenue +10.6% year-over-year).
- 2015: Revenue of $7.0M, expenses of $7.1M, and assets of $2.9M (revenue -2.1% year-over-year).
- 2014: Revenue of $7.1M, expenses of $6.8M, and assets of $3.1M (revenue +11.8% year-over-year).
- 2013: Revenue of $6.4M, expenses of $6.2M, and assets of $2.4M (revenue +1.2% year-over-year).
- 2012: Revenue of $6.3M, expenses of $6.5M, and assets of $2.2M (revenue +4.9% year-over-year).
- 2011: Revenue of $6.0M, expenses of $6.3M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peabody Charter School Inc:
Data Sources and Methodology
This transparency report for Peabody Charter School 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.