Praise Academy
EIN: 813602868 · Shreveport, LA · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $435K |
| Total Expenses | $473K |
| Net Assets | $881K |
Is Praise Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Praise Academy
Praise Academy (EIN: 813602868) is a nonprofit organization based in Shreveport, LA, classified under NTEE code B20. The organization reported total revenue of $435K and total assets of $786K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Praise Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Praise Academy is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $680K |
| Total Expenses | $473K |
| Surplus / Deficit | +$207K |
| Total Assets | $898K |
| Total Liabilities | $17K |
| Net Assets | $881K |
| Operating Margin | 30.5% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 22.8 months |
Financial Health Grade: A
In 2023, Praise Academy reported a surplus of $207K with revenue exceeding expenses, holds 22.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Praise Academy's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | -17.9% | +33.6% |
| 2022 | -19.3% | -0.7% | +15.1% |
| 2021 | +46.5% | +13.2% | +55.0% |
| 2020 | -8.6% | +0.6% | +35.1% |
| 2019 | +3.8% | +18.4% | +59.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Praise Academy 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 Praise Academy 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 surplus of $207K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.9%.
Frequently Asked Questions about Praise Academy
Is Praise Academy a legitimate charity?
Praise Academy (EIN: 813602868) is a registered tax-exempt nonprofit based in Louisiana. It has 6 years of IRS 990 filings on record. Total revenue: $435K. No red flags identified. Financial health grade: A.
How does Praise Academy spend its money?
Praise Academy reported $435K in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Praise Academy tax-deductible?
Praise Academy is registered as a tax-exempt nonprofit (EIN: 813602868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Praise Academy located?
Praise Academy is headquartered in Shreveport, Louisiana and files with the IRS under EIN 813602868. It is classified under NTEE code B20.
How many years of IRS 990 filings does Praise Academy have?
Praise Academy has 6 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 $435K in total revenue.
Filing History
IRS 990 filing history for Praise Academy showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Praise Academy's revenue has grown by 14.2%, moving from $596K to $680K. Total assets increased by 413.4% over the same period, from $175K to $898K. Total functional expenses rose by 9.8%, from $430K to $473K. In its most recent filing year (2023), Praise Academy reported a surplus of $207K, with revenue exceeding expenses. The organization holds $17K in liabilities against $898K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $881K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $680K | $473K | $898K | $17K | — | — |
| 2022 | $668K | $576K | $673K | $6K | — | View 990 |
| 2021 | $828K | $580K | $584K | $10K | — | — |
| 2020 | $565K | $513K | $377K | $50K | — | View 990 |
| 2019 | $618K | $510K | $279K | $4K | — | View 990 |
| 2018 | $596K | $430K | $175K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $680K, expenses of $473K, and assets of $898K (revenue +1.9% year-over-year).
- 2022: Revenue of $668K, expenses of $576K, and assets of $673K (revenue -19.3% year-over-year).
- 2021: Revenue of $828K, expenses of $580K, and assets of $584K (revenue +46.5% year-over-year).
- 2020: Revenue of $565K, expenses of $513K, and assets of $377K (revenue -8.6% year-over-year).
- 2019: Revenue of $618K, expenses of $510K, and assets of $279K (revenue +3.8% year-over-year).
- 2018: Revenue of $596K, expenses of $430K, and assets of $175K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Praise Academy:
Data Sources and Methodology
This transparency report for Praise 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.