Perseus House Charter School Of Excellence
Perseus House Charter School Of Excellence shows consistent revenue growth and positive operating margins with no reported officer compensation.
EIN: 200027153 · Erie, PA · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.8M |
| Total Expenses | $11.1M |
| Program Spending | 90% |
| Net Assets | $5.7M |
| Transparency Score | 85/100 |
Is Perseus House Charter School Of Excellence Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Perseus House Charter School Of Excellence directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Perseus House Charter School Of Excellence
Perseus House Charter School Of Excellence (EIN: 200027153) is a nonprofit organization based in Erie, PA, classified under NTEE code B29. The organization reported total revenue of $13.8M and total assets of $8.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Perseus House Charter School Of Excellence's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Perseus House Charter School Of Excellence is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.9M |
| Total Expenses | $11.1M |
| Surplus / Deficit | +$813K |
| Total Assets | $6.8M |
| Total Liabilities | $1.0M |
| Net Assets | $5.7M |
| Operating Margin | 6.8% |
| Debt-to-Asset Ratio | 15.3% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Perseus House Charter School Of Excellence reported a surplus of $813K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 15.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Perseus House Charter School Of Excellence's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.2% | +8.0% | +9.2% |
| 2022 | -4.1% | +10.1% | +25.5% |
| 2021 | +30.7% | +0.5% | +14.9% |
| 2020 | +1.7% | +5.2% | +22.9% |
| 2019 | +7.4% | +9.8% | -20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Perseus House Charter School Of Excellence with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Perseus House Charter School Of Excellence allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $813K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that top executives or officers are not receiving salaries from the organization, which is highly unusual for an entity of this size and 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 Perseus House Charter School Of Excellence's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or through related entities, requiring further investigation.
Strengths
The following positive indicators were identified for Perseus House Charter School Of Excellence:
- Consistent revenue growth, increasing from $7.4 million in 2014 to $11.9 million in 2023.
- Positive operating margins in most recent years, indicating financial health (e.g., $813,294 surplus in 2023).
- Strong asset growth, reaching $6,778,370 in 2023.
- No reported officer compensation, suggesting a high dedication of funds to mission-related activities.
- Long and consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Perseus House Charter School Of Excellence
Is Perseus House Charter School Of Excellence a legitimate charity?
Perseus House Charter School Of Excellence (EIN: 200027153) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Perseus House Charter School Of Excellence spend its money?
Perseus House Charter School Of Excellence directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Perseus House Charter School Of Excellence tax-deductible?
Perseus House Charter School Of Excellence is registered as a tax-exempt nonprofit (EIN: 200027153). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Perseus House Charter School Of Excellence's spending goes to programs?
Perseus House Charter School Of Excellence directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Perseus House Charter School Of Excellence compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Perseus House Charter School Of Excellence 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 Perseus House Charter School Of Excellence located?
Perseus House Charter School Of Excellence is headquartered in Erie, Pennsylvania and files with the IRS under EIN 200027153. It is classified under NTEE code B29.
How many years of IRS 990 filings does Perseus House Charter School Of Excellence have?
Perseus House Charter School Of Excellence 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 $13.8M in total revenue.
Is Perseus House Charter School Of Excellence financially stable?
Yes, the organization appears financially stable, demonstrating consistent revenue growth from $7.4 million in 2014 to $11.9 million in 2023, and maintaining positive operating margins in most recent years, such as a surplus of over $800,000 in 2023.
How does Perseus House manage its executive compensation?
Perseus House Charter School Of Excellence consistently reports 0% officer compensation in its IRS 990 filings, meaning no salaries are paid to its officers, which is a highly unusual and positive indicator for resource allocation.
What is the trend in the organization's assets and liabilities?
Assets have shown a strong upward trend, growing from $2.9 million in 2014 to $6.7 million in 2023. Liabilities have fluctuated but remained manageable, with a healthy asset-to-liability ratio, for example, $6,778,370 in assets against $1,038,992 in liabilities in 2023.
Is the organization efficient in its spending?
Yes, the organization appears efficient. With consistent positive operating surpluses, such as $813,294 in 2023 ($11,937,000 revenue - $11,123,706 expenses), and no reported officer compensation, a significant portion of funds likely goes directly to its educational programs.
Filing History
IRS 990 filing history for Perseus House Charter School Of Excellence showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Perseus House Charter School Of Excellence's revenue has grown by 65.8%, moving from $7.2M to $11.9M. Total assets increased by 117.9% over the same period, from $3.1M to $6.8M. Total functional expenses rose by 51.4%, from $7.3M to $11.1M. In its most recent filing year (2023), Perseus House Charter School Of Excellence reported a surplus of $813K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $6.8M in assets (debt-to-asset ratio: 15.3%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.9M | $11.1M | $6.8M | $1.0M | — | View 990 |
| 2022 | $11.1M | $10.3M | $6.2M | $1.3M | — | View 990 |
| 2021 | $11.6M | $9.4M | $4.9M | $855K | — | View 990 |
| 2020 | $8.9M | $9.3M | $4.3M | $2.5M | — | View 990 |
| 2019 | $8.7M | $8.9M | $3.5M | $1.2M | — | View 990 |
| 2018 | $8.1M | $8.1M | $4.4M | $2.0M | — | View 990 |
| 2017 | $8.0M | $8.1M | $3.1M | $773K | — | View 990 |
| 2016 | $7.7M | $7.3M | $3.9M | $1.5M | — | View 990 |
| 2015 | $7.4M | $7.0M | $2.9M | $887K | — | View 990 |
| 2014 | $7.4M | $6.9M | $2.9M | $1.2M | — | View 990 |
| 2013 | $6.9M | $7.1M | $2.9M | $1.7M | — | View 990 |
| 2012 | $7.2M | $6.9M | $3.2M | $1.7M | — | View 990 |
| 2011 | $7.2M | $7.3M | $3.1M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.9M, expenses of $11.1M, and assets of $6.8M (revenue +7.2% year-over-year).
- 2022: Revenue of $11.1M, expenses of $10.3M, and assets of $6.2M (revenue -4.1% year-over-year).
- 2021: Revenue of $11.6M, expenses of $9.4M, and assets of $4.9M (revenue +30.7% year-over-year).
- 2020: Revenue of $8.9M, expenses of $9.3M, and assets of $4.3M (revenue +1.7% year-over-year).
- 2019: Revenue of $8.7M, expenses of $8.9M, and assets of $3.5M (revenue +7.4% year-over-year).
- 2018: Revenue of $8.1M, expenses of $8.1M, and assets of $4.4M (revenue +1.2% year-over-year).
- 2017: Revenue of $8.0M, expenses of $8.1M, and assets of $3.1M (revenue +4.9% year-over-year).
- 2016: Revenue of $7.7M, expenses of $7.3M, and assets of $3.9M (revenue +3.7% year-over-year).
- 2015: Revenue of $7.4M, expenses of $7.0M, and assets of $2.9M (revenue -0.3% year-over-year).
- 2014: Revenue of $7.4M, expenses of $6.9M, and assets of $2.9M (revenue +7.6% year-over-year).
- 2013: Revenue of $6.9M, expenses of $7.1M, and assets of $2.9M (revenue -5.1% year-over-year).
- 2012: Revenue of $7.2M, expenses of $6.9M, and assets of $3.2M (revenue +0.6% year-over-year).
- 2011: Revenue of $7.2M, expenses of $7.3M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Perseus House Charter School Of Excellence:
Data Sources and Methodology
This transparency report for Perseus House Charter School Of Excellence 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.