Prospect Ridge Academy
EIN: 272070094 · Broomfield, CO · NTEE: B29
Is Prospect Ridge Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Prospect Ridge Academy
Prospect Ridge Academy (EIN: 272070094) is a nonprofit organization based in Broomfield, CO, classified under NTEE code B29. The organization reported total revenue of $26.6M and total assets of $19.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prospect Ridge Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Prospect Ridge Academy is a large nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.7M |
| Total Expenses | $22.1M |
| Surplus / Deficit | $-1,491,329 |
| Total Assets | $16.8M |
| Total Liabilities | $29.0M |
| Net Assets | $-12,206,026 |
| Operating Margin | -7.2% |
| Debt-to-Asset Ratio | 172.7% |
| Months of Reserves | 9.1 months |
Financial Health Grade: C
In 2024, Prospect Ridge Academy reported a deficit of $1.5M with expenses exceeding revenue, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 172.7% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Prospect Ridge Academy's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +6.1% | +6.1% | +16.3% |
| 2023 | +8.0% | +64.0% | -0.1% |
| 2022 | +12.0% | -7.2% | -7.0% |
| 2021 | +1.2% | +16.9% | +60.4% |
| 2020 | -18.9% | -24.8% | -20.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Prospect Ridge 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 Prospect Ridge 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 172.7%.
Frequently Asked Questions about Prospect Ridge Academy
Is Prospect Ridge Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Prospect Ridge Academy (EIN: 272070094) insufficient data. 0 red flags identified, 0 strengths noted.
How does Prospect Ridge Academy spend its money?
Detailed spending breakdown data is not yet available for Prospect Ridge Academy. Check back for updated IRS 990 analysis.
Are donations to Prospect Ridge Academy tax-deductible?
Prospect Ridge Academy is registered as a tax-exempt nonprofit (EIN: 272070094). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Prospect Ridge Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Prospect Ridge Academy's revenue has grown by 415.8%, moving from $4.0M to $20.7M. Total assets increased by 1980.4% over the same period, from $807K to $16.8M. Total functional expenses rose by 542%, from $3.4M to $22.1M. In its most recent filing year (2024), Prospect Ridge Academy reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $29.0M in liabilities against $16.8M in assets (debt-to-asset ratio: 172.7%), resulting in net assets of $-12,206,026.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $20.7M | $22.1M | $16.8M | $29.0M | — | View 990 |
| 2023 | $19.5M | $20.9M | $14.4M | $25.2M | — | View 990 |
| 2022 | $18.0M | $12.7M | $14.5M | $23.8M | — | View 990 |
| 2021 | $16.1M | $13.7M | $15.6M | $30.2M | — | View 990 |
| 2020 | $15.9M | $11.7M | $9.7M | $24.8M | — | View 990 |
| 2019 | $19.6M | $15.6M | $12.2M | $31.4M | — | View 990 |
| 2018 | $11.5M | $24.2M | $20.7M | $41.2M | — | View 990 |
| 2017 | $16.6M | $17.8M | $23.3M | $30.3M | — | View 990 |
| 2016 | $9.5M | $10.7M | $8.1M | $14.0M | — | View 990 |
| 2015 | $8.1M | $9.1M | $6.5M | $11.2M | — | View 990 |
| 2014 | $6.9M | $6.1M | $2.6M | $473K | — | View 990 |
| 2013 | $5.7M | $4.9M | $1.7M | $355K | — | View 990 |
| 2012 | $4.0M | $3.4M | $807K | $253K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $20.7M, expenses of $22.1M, and assets of $16.8M (revenue +6.1% year-over-year).
- 2023: Revenue of $19.5M, expenses of $20.9M, and assets of $14.4M (revenue +8.0% year-over-year).
- 2022: Revenue of $18.0M, expenses of $12.7M, and assets of $14.5M (revenue +12.0% year-over-year).
- 2021: Revenue of $16.1M, expenses of $13.7M, and assets of $15.6M (revenue +1.2% year-over-year).
- 2020: Revenue of $15.9M, expenses of $11.7M, and assets of $9.7M (revenue -18.9% year-over-year).
- 2019: Revenue of $19.6M, expenses of $15.6M, and assets of $12.2M (revenue +70.3% year-over-year).
- 2018: Revenue of $11.5M, expenses of $24.2M, and assets of $20.7M (revenue -30.8% year-over-year).
- 2017: Revenue of $16.6M, expenses of $17.8M, and assets of $23.3M (revenue +74.9% year-over-year).
- 2016: Revenue of $9.5M, expenses of $10.7M, and assets of $8.1M (revenue +16.9% year-over-year).
- 2015: Revenue of $8.1M, expenses of $9.1M, and assets of $6.5M (revenue +18.7% year-over-year).
- 2014: Revenue of $6.9M, expenses of $6.1M, and assets of $2.6M (revenue +20.0% year-over-year).
- 2013: Revenue of $5.7M, expenses of $4.9M, and assets of $1.7M (revenue +42.6% year-over-year).
- 2012: Revenue of $4.0M, expenses of $3.4M, and assets of $807K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Prospect Ridge Academy:
Data Sources and Methodology
This transparency report for Prospect Ridge 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.