Pleasant Grove Academy

Pleasant Grove Academy shows strong asset growth and no officer compensation, despite a recent operating deficit.

EIN: 203054036 · Marion, SC · NTEE: B21 · Updated: 2026-03-28

$464KRevenue

$186KAssets

92/100Mission Score (Excellent)

B21

About Pleasant Grove Academy

Pleasant Grove Academy (EIN: 203054036) is a nonprofit organization based in Marion, SC, classified under NTEE code B21. The organization reported total revenue of $464K and total assets of $186K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pleasant Grove Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Pleasant Grove Academy demonstrates a fluctuating but generally positive financial trajectory over the past decade, with recent years showing significant growth in revenue and assets. In 2022, the organization reported strong revenue of $503,385 against expenses of $348,697, leading to a substantial increase in assets to $238,651. While the most recent filing (2023) shows a slight dip in revenue to $342,433 and expenses exceeding revenue at $384,900, this appears to be an anomaly in an otherwise upward trend. The consistent reporting of zero liabilities in recent years (2020-2023) indicates sound financial management and a healthy balance sheet, a significant improvement from earlier periods where liabilities were present.

The organization's spending efficiency appears to be strong, particularly given the consistent growth in assets and the absence of officer compensation, suggesting that resources are primarily directed towards programmatic activities rather than administrative overhead or executive salaries. The lack of officer compensation also points to a high degree of transparency and a commitment to maximizing funds for the mission. The significant increase in assets from $24,407 in 2020 to $196,184 in 2023, despite the 2023 deficit, reflects effective asset accumulation and financial stability. Overall, Pleasant Grove Academy exhibits good financial health and a commitment to its mission through efficient resource allocation.

Transparency is excellent, as evidenced by the consistent filing of IRS Form 990s and the clear financial data provided. The absence of officer compensation is a key indicator of a lean operational structure and a focus on program delivery. The organization's ability to grow its asset base significantly while maintaining zero liabilities in recent years further underscores its financial prudence and responsible stewardship of funds. This financial discipline, combined with consistent reporting, paints a picture of a well-managed and transparent nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Pleasant Grove Academy 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Pleasant Grove Academy allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries, which is highly unusual for an organization of this size and suggests a volunteer-led executive team, maximizing funds for programs.

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 Pleasant Grove Academy's IRS 990 filings:

Operating deficit in the most recent period (202312: Expenses=$384,900, Revenue=$342,433)
Fluctuating revenue year-over-year, making long-term planning potentially challenging (e.g., $503,385 in 2022 vs. $342,433 in 2023)

Strengths

The following positive indicators were identified for Pleasant Grove Academy:

Consistent 0% officer compensation across all filings, indicating high dedication of funds to mission.
Significant asset growth in recent years, from $24,407 in 2020 to $196,184 in 2023, enhancing financial stability.
Zero reported liabilities in the last four filing periods (2020-2023), demonstrating strong balance sheet health.
Strong revenue growth in 2022 ($503,385), showcasing capacity for significant fundraising.
Long filing history (13 filings), indicating consistent compliance and transparency.

Frequently Asked Questions about Pleasant Grove Academy

Is Pleasant Grove Academy a good charity?

Based on the available financial data, Pleasant Grove Academy appears to be a good charity. It demonstrates strong program focus with no officer compensation, significant asset growth, and a history of responsible financial management, particularly in recent years with zero reported liabilities.

How has Pleasant Grove Academy's financial health changed over time?

Pleasant Grove Academy's financial health has significantly improved. While earlier years showed some liabilities and smaller asset bases, recent filings (2020-2023) show zero liabilities and substantial asset growth, from $24,407 in 2020 to $196,184 in 2023, indicating increased stability and capacity.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in all available filings, indicating that its executive leadership is entirely volunteer-based or compensated through other means not reported as officer compensation, which is a strong indicator of resource dedication to its mission.

Filing History

IRS 990 filing history for Pleasant Grove Academy showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Pleasant Grove Academy's revenue has grown by 21.1%, moving from $283K to $342K. Total assets increased by 593.9% over the same period, from $28K to $196K. Total functional expenses rose by 16%, from $332K to $385K. In its most recent filing year (2023), Pleasant Grove Academy reported a deficit of $42K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$342K	$385K	$196K	$0	—	—
2022	$503K	$349K	$239K	$0	—	—
2021	$241K	$196K	$84K	$0	—	View 990
2020	$114K	$90K	$24K	$0	—	View 990
2019	$259K	$265K	$14K	$0	—	View 990
2018	$308K	$275K	$20K	$0	—	View 990
2017	$284K	$290K	$8K	$21K	—	View 990
2016	$278K	$263K	$11K	$18K	—	View 990
2015	$275K	$249K	$26K	$48K	—	View 990
2014	$168K	$217K	$18K	$67K	—	View 990
2013	$237K	$234K	$20K	$924	—	View 990
2012	$254K	$266K	$18K	$2K	—	View 990
2011	$283K	$332K	$28K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $342K, expenses of $385K, and assets of $196K (revenue -32.0% year-over-year).
2022: Revenue of $503K, expenses of $349K, and assets of $239K (revenue +108.5% year-over-year).
2021: Revenue of $241K, expenses of $196K, and assets of $84K (revenue +110.9% year-over-year).
2020: Revenue of $114K, expenses of $90K, and assets of $24K (revenue -55.7% year-over-year).
2019: Revenue of $259K, expenses of $265K, and assets of $14K (revenue -15.9% year-over-year).
2018: Revenue of $308K, expenses of $275K, and assets of $20K (revenue +8.2% year-over-year).
2017: Revenue of $284K, expenses of $290K, and assets of $8K (revenue +2.0% year-over-year).
2016: Revenue of $278K, expenses of $263K, and assets of $11K (revenue +1.4% year-over-year).
2015: Revenue of $275K, expenses of $249K, and assets of $26K (revenue +63.2% year-over-year).
2014: Revenue of $168K, expenses of $217K, and assets of $18K (revenue -28.8% year-over-year).
2013: Revenue of $237K, expenses of $234K, and assets of $20K (revenue -6.9% year-over-year).
2012: Revenue of $254K, expenses of $266K, and assets of $18K (revenue -10.2% year-over-year).
2011: Revenue of $283K, expenses of $332K, and assets of $28K.

Data Sources and Methodology

This transparency report for Pleasant Grove Academy 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.