Pillars Preparatory Academy Inc
EIN: 474168504 · South River, NJ · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.4M |
| Net Assets | $-57,459 |
Is Pillars Preparatory Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Pillars Preparatory Academy Inc
Pillars Preparatory Academy Inc (EIN: 474168504) is a nonprofit organization based in South River, NJ, classified under NTEE code B20. The organization reported total revenue of $3.3M and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pillars Preparatory Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pillars Preparatory Academy Inc is a mid-size nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 125.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-68,337 |
| Total Assets | $30K |
| Total Liabilities | $88K |
| Net Assets | $-57,459 |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 291.3% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Pillars Preparatory Academy Inc reported a deficit of $68K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 291.3% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Pillars Preparatory Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 125.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +655.1% | +699.6% | +176.2% |
| 2022 | +104.3% | +71.2% | +474.6% |
| 2021 | -26.0% | -1.8% | -92.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Pillars Preparatory Academy Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pillars Preparatory Academy Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 291.3%.
Frequently Asked Questions about Pillars Preparatory Academy Inc
Is Pillars Preparatory Academy Inc a legitimate charity?
Pillars Preparatory Academy Inc (EIN: 474168504) is a registered tax-exempt nonprofit based in New Jersey. It has 4 years of IRS 990 filings on record. Total revenue: $3.3M. No red flags identified. Financial health grade: D.
How does Pillars Preparatory Academy Inc spend its money?
Pillars Preparatory Academy Inc reported $3.3M in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Pillars Preparatory Academy Inc tax-deductible?
Pillars Preparatory Academy Inc is registered as a tax-exempt nonprofit (EIN: 474168504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Pillars Preparatory Academy Inc located?
Pillars Preparatory Academy Inc is headquartered in South River, New Jersey and files with the IRS under EIN 474168504. It is classified under NTEE code B20.
How many years of IRS 990 filings does Pillars Preparatory Academy Inc have?
Pillars Preparatory Academy Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $3.3M in total revenue.
Filing History
IRS 990 filing history for Pillars Preparatory Academy Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Pillars Preparatory Academy Inc's revenue has grown by 1040.9%, moving from $209K to $2.4M. Total assets increased by 13.3% over the same period, from $27K to $30K. Total functional expenses rose by 1244.5%, from $182K to $2.4M. In its most recent filing year (2023), Pillars Preparatory Academy Inc reported a deficit of $68K, with expenses exceeding revenue. The organization holds $88K in liabilities against $30K in assets (debt-to-asset ratio: 291.3%), resulting in net assets of $-57,459.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.4M | $30K | $88K | — | — |
| 2022 | $315K | $306K | $11K | $0 | — | View 990 |
| 2021 | $154K | $179K | $2K | $0 | — | View 990 |
| 2020 | $209K | $182K | $27K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.4M, and assets of $30K (revenue +655.1% year-over-year).
- 2022: Revenue of $315K, expenses of $306K, and assets of $11K (revenue +104.3% year-over-year).
- 2021: Revenue of $154K, expenses of $179K, and assets of $2K (revenue -26.0% year-over-year).
- 2020: Revenue of $209K, expenses of $182K, and assets of $27K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pillars Preparatory Academy Inc:
Data Sources and Methodology
This transparency report for Pillars Preparatory Academy 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.