Prospect Hill Academy Charter School Foundation Inc
Prospect Hill Academy Charter School Foundation Inc shows strong asset growth and zero officer compensation.
EIN: 10851252 · Cambridge, MA · NTEE: B112 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $757K |
| Total Expenses | $84K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.7M |
| Transparency Score | 92/100 |
Is Prospect Hill Academy Charter School Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Prospect Hill Academy Charter School Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Prospect Hill Academy Charter School Foundation Inc
Prospect Hill Academy Charter School Foundation Inc (EIN: 10851252) is a nonprofit organization based in Cambridge, MA, classified under NTEE code B112. The organization reported total revenue of $757K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prospect Hill Academy Charter School Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prospect Hill Academy Charter School Foundation Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $741K |
| Total Expenses | $84K |
| Surplus / Deficit | +$658K |
| Total Assets | $2.7M |
| Net Assets | $2.7M |
| Operating Margin | 88.7% |
| Months of Reserves | 386.6 months |
Financial Health Grade: A
In 2024, Prospect Hill Academy Charter School Foundation Inc reported a surplus of $658K with revenue exceeding expenses, holds 386.6 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Prospect Hill Academy Charter School Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +70.1% | -77.8% | +25.4% |
| 2023 | -3.5% | +62.2% | +12.5% |
| 2022 | -38.5% | -34.8% | +0.8% |
| 2021 | +151.3% | +57.7% | +42.4% |
| 2020 | -33.8% | +20.6% | +7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Prospect Hill Academy Charter School Foundation Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Prospect Hill Academy Charter School Foundation Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $658K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the foundation, which is highly commendable for an organization of its size with assets approaching $3 million.
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 Prospect Hill Academy Charter School Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided data makes it hard to fully assess program efficiency.
Strengths
The following positive indicators were identified for Prospect Hill Academy Charter School Foundation Inc:
- Consistent asset growth, reaching $2,977,768 in the latest period.
- Zero officer compensation reported across all filings, indicating strong financial stewardship.
- Generally low liabilities, with most periods reporting $0.
- Strong revenue generation, with the latest at $756,974.
Frequently Asked Questions about Prospect Hill Academy Charter School Foundation Inc
Is Prospect Hill Academy Charter School Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Prospect Hill Academy Charter School Foundation Inc (EIN: 10851252) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Prospect Hill Academy Charter School Foundation Inc spend its money?
Prospect Hill Academy Charter School Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Prospect Hill Academy Charter School Foundation Inc tax-deductible?
Prospect Hill Academy Charter School Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10851252). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Prospect Hill Academy Charter School Foundation Inc CEO make?
Prospect Hill Academy Charter School Foundation Inc's highest-compensated officer earns $3 annually. The organization reported $757K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Prospect Hill Academy Charter School Foundation Inc's spending goes to programs?
Prospect Hill Academy Charter School Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Prospect Hill Academy Charter School Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Prospect Hill Academy Charter School Foundation Inc is above average for NTEE category B112 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Prospect Hill Academy Charter School Foundation Inc located?
Prospect Hill Academy Charter School Foundation Inc is headquartered in Cambridge, Massachusetts and files with the IRS under EIN 10851252. It is classified under NTEE code B112.
How many years of IRS 990 filings does Prospect Hill Academy Charter School Foundation Inc have?
Prospect Hill Academy Charter School Foundation Inc has 14 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 $757K in total revenue.
How does Prospect Hill Academy Charter School Foundation Inc utilize its accumulated assets?
While the filings show significant asset growth to $2,977,768, the specific deployment of these assets towards program activities is not detailed in the provided summary. Further investigation into their program spending would clarify this.
What explains the very low expense ratio in the 202406 period?
In the 202406 period, expenses were $83,561 against $741,172 in revenue. This suggests either a period of significant fundraising for future projects, a very lean operational year, or that a large portion of revenue was directly added to assets without being expensed in that period.
Does the foundation have any paid staff?
The consistent reporting of 0% officer compensation suggests that the top leadership is unpaid. The filings do not provide details on other staff compensation, if any, beyond officer compensation.
Filing History
IRS 990 filing history for Prospect Hill Academy Charter School Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Prospect Hill Academy Charter School Foundation Inc's revenue has grown by 279.8%, moving from $195K to $741K. Total assets increased by 1455.6% over the same period, from $173K to $2.7M. Total functional expenses fell by 42%, from $144K to $84K. In its most recent filing year (2024), Prospect Hill Academy Charter School Foundation Inc reported a surplus of $658K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $741K | $84K | $2.7M | $0 | — | View 990 |
| 2023 | $436K | $376K | $2.1M | $113K | — | View 990 |
| 2022 | $451K | $232K | $1.9M | $0 | — | View 990 |
| 2021 | $734K | $355K | $1.9M | $0 | — | View 990 |
| 2020 | $292K | $225K | $1.3M | $0 | — | View 990 |
| 2019 | $441K | $187K | $1.2M | $0 | — | View 990 |
| 2018 | $302K | $87K | $971K | $0 | — | View 990 |
| 2017 | $402K | $293K | $722K | $0 | — | View 990 |
| 2016 | $378K | $457K | $595K | $0 | — | View 990 |
| 2015 | $427K | $364K | $687K | $0 | — | View 990 |
| 2014 | $491K | $308K | $617K | $0 | — | View 990 |
| 2013 | $443K | $118K | $435K | $0 | — | View 990 |
| 2012 | $125K | $123K | $184K | $75K | — | View 990 |
| 2011 | $195K | $144K | $173K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $741K, expenses of $84K, and assets of $2.7M (revenue +70.1% year-over-year).
- 2023: Revenue of $436K, expenses of $376K, and assets of $2.1M (revenue -3.5% year-over-year).
- 2022: Revenue of $451K, expenses of $232K, and assets of $1.9M (revenue -38.5% year-over-year).
- 2021: Revenue of $734K, expenses of $355K, and assets of $1.9M (revenue +151.3% year-over-year).
- 2020: Revenue of $292K, expenses of $225K, and assets of $1.3M (revenue -33.8% year-over-year).
- 2019: Revenue of $441K, expenses of $187K, and assets of $1.2M (revenue +46.2% year-over-year).
- 2018: Revenue of $302K, expenses of $87K, and assets of $971K (revenue -25.0% year-over-year).
- 2017: Revenue of $402K, expenses of $293K, and assets of $722K (revenue +6.4% year-over-year).
- 2016: Revenue of $378K, expenses of $457K, and assets of $595K (revenue -11.4% year-over-year).
- 2015: Revenue of $427K, expenses of $364K, and assets of $687K (revenue -13.1% year-over-year).
- 2014: Revenue of $491K, expenses of $308K, and assets of $617K (revenue +10.8% year-over-year).
- 2013: Revenue of $443K, expenses of $118K, and assets of $435K (revenue +254.3% year-over-year).
- 2012: Revenue of $125K, expenses of $123K, and assets of $184K (revenue -35.9% year-over-year).
- 2011: Revenue of $195K, expenses of $144K, and assets of $173K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prospect Hill Academy Charter School Foundation Inc:
Data Sources and Methodology
This transparency report for Prospect Hill Academy Charter School Foundation 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.