Prince William Academy Inc
Prince William Academy Inc. shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 201384709 · Woodbridge, VA · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $2.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $130K |
| Transparency Score | 75/100 |
Is Prince William Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prince William Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prince William Academy Inc
Prince William Academy Inc (EIN: 201384709) is a nonprofit organization based in Woodbridge, VA, classified under NTEE code B24. The organization reported total revenue of $1.7M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prince William Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prince William Academy Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$238K |
| Total Assets | $318K |
| Total Liabilities | $188K |
| Net Assets | $130K |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 59.2% |
| Months of Reserves | 1.4 months |
Financial Health Grade: B
In 2024, Prince William Academy Inc reported a surplus of $238K with revenue exceeding expenses, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 59.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Prince William Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.9% | -5.0% | -56.8% |
| 2023 | -4.4% | +18.5% | -19.8% |
| 2022 | +49.0% | +30.9% | +61.1% |
| 2021 | +5.7% | +3.4% | +66.3% |
| 2020 | -1.4% | -0.7% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
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 Prince William Academy Inc with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Prince William Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $238K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual for an organization with over $3 million in annual revenue and suggests either volunteer leadership or compensation being reported under other categories.
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 Prince William Academy Inc's IRS 990 filings:
- Zero reported officer compensation for an organization with over $3M in revenue, which is highly unusual and warrants further investigation into how leadership is compensated or structured.
- Lack of detailed expense breakdown in provided data, making it difficult to precisely assess program efficiency.
Strengths
The following positive indicators were identified for Prince William Academy Inc:
- Consistent revenue growth over the past decade, from $1.5M in 2015 to over $3M in 2024.
- Positive net income in several years, including a significant surplus of $237,637 in 2024.
- Consistent filing of IRS Form 990s over 13 periods, indicating regulatory compliance and transparency.
- Relatively stable liability management, with liabilities remaining controlled despite revenue growth.
Frequently Asked Questions about Prince William Academy Inc
Is Prince William Academy Inc a legitimate charity?
Prince William Academy Inc (EIN: 201384709) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Prince William Academy Inc spend its money?
Prince William Academy Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Prince William Academy Inc tax-deductible?
Prince William Academy Inc is registered as a tax-exempt nonprofit (EIN: 201384709). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Prince William Academy Inc CEO make?
Prince William Academy Inc's highest-compensated officer earns $3 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Prince William Academy Inc's spending goes to programs?
Prince William Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Prince William Academy Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Prince William Academy Inc is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prince William Academy Inc located?
Prince William Academy Inc is headquartered in Woodbridge, Virginia and files with the IRS under EIN 201384709. It is classified under NTEE code B24.
How many years of IRS 990 filings does Prince William Academy Inc have?
Prince William Academy Inc 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 $1.7M in total revenue.
How does Prince William Academy Inc. manage to operate with zero reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It suggests either a fully volunteer leadership structure, or that compensation for key management personnel is categorized differently within the financial statements (e.g., as program or administrative salaries not specifically identified as 'officer compensation'). Further review of the full 990 forms would be needed to clarify this.
What is the primary source of Prince William Academy Inc.'s revenue?
The provided data only shows total revenue. To determine the primary source (e.g., tuition, grants, donations), a detailed review of the organization's full IRS Form 990, specifically Part VIII, Statement of Revenue, would be required.
What are the specific program activities funded by Prince William Academy Inc.?
The NTEE code B24 indicates 'Elementary & Secondary Schools.' To understand the specific programs and services offered, one would need to consult the organization's mission statement and program service accomplishments detailed in Part III of their IRS Form 990.
Filing History
IRS 990 filing history for Prince William Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Prince William Academy Inc's revenue has grown by 132.6%, moving from $1.3M to $3.0M. Total assets increased by 217.9% over the same period, from $100K to $318K. Total functional expenses rose by 110.3%, from $1.3M to $2.8M. In its most recent filing year (2024), Prince William Academy Inc reported a surplus of $238K, with revenue exceeding expenses. The organization holds $188K in liabilities against $318K in assets (debt-to-asset ratio: 59.2%), resulting in net assets of $130K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.0M | $2.8M | $318K | $188K | — | View 990 |
| 2023 | $2.8M | $2.9M | $736K | $153K | — | View 990 |
| 2022 | $2.9M | $2.5M | $918K | $138K | — | View 990 |
| 2021 | $1.9M | $1.9M | $570K | $207K | — | View 990 |
| 2020 | $1.8M | $1.8M | $343K | $21K | — | View 990 |
| 2019 | $1.9M | $1.8M | $385K | $63K | — | View 990 |
| 2018 | $1.8M | $1.7M | $369K | $58K | — | View 990 |
| 2017 | $1.8M | $1.7M | $248K | $54K | — | View 990 |
| 2016 | $1.7M | $1.6M | $200K | $68K | — | View 990 |
| 2015 | $1.5M | $1.6M | $126K | $69K | — | View 990 |
| 2014 | $1.6M | $1.6M | $124K | $22K | — | View 990 |
| 2013 | $1.6M | $1.5M | $141K | $33K | — | View 990 |
| 2012 | $1.3M | $1.3M | $100K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.0M, expenses of $2.8M, and assets of $318K (revenue +9.9% year-over-year).
- 2023: Revenue of $2.8M, expenses of $2.9M, and assets of $736K (revenue -4.4% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.5M, and assets of $918K (revenue +49.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.9M, and assets of $570K (revenue +5.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.8M, and assets of $343K (revenue -1.4% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $385K (revenue +4.1% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.7M, and assets of $369K (revenue +0.5% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.7M, and assets of $248K (revenue +5.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $200K (revenue +10.1% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $126K (revenue -6.1% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $124K (revenue +3.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $141K (revenue +20.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prince William Academy Inc:
Data Sources and Methodology
This transparency report for Prince William 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.