Ricardo Flores Magon Academyincorporated
Ricardo Flores Magon Academyincorporated maintains stable finances with significant assets and no reported officer compensation.
EIN: 204199340 · Denver, CO · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $4.5M |
| Program Spending | 80% |
| Net Assets | $15.2M |
| Transparency Score | 85/100 |
Is Ricardo Flores Magon Academyincorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ricardo Flores Magon Academyincorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ricardo Flores Magon Academyincorporated
Ricardo Flores Magon Academyincorporated (EIN: 204199340) is a nonprofit organization based in Denver, CO. The organization reported total revenue of $4.6M and total assets of $16.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ricardo Flores Magon Academyincorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ricardo Flores Magon Academyincorporated is a mid-size 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 6.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $4.5M |
| Surplus / Deficit | +$27K |
| Total Assets | $16.7M |
| Total Liabilities | $1.5M |
| Net Assets | $15.2M |
| Operating Margin | 0.6% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 44.2 months |
Financial Health Grade: A
In 2024, Ricardo Flores Magon Academyincorporated reported a surplus of $27K with revenue exceeding expenses, holds 44.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Ricardo Flores Magon Academyincorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +18.7% | +25.2% | +0.3% |
| 2023 | -32.9% | +4.9% | -2.6% |
| 2022 | -41.0% | +12.4% | -5.6% |
| 2021 | -26.8% | -31.3% | +20.4% |
| 2020 | +211.7% | +32.5% | +154.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Ricardo Flores Magon Academyincorporated with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Ricardo Flores Magon Academyincorporated allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 filings, indicating that no salaries or benefits are paid to its officers. This is a strong positive for donors, suggesting resources are directed away from executive pay and towards the organization's mission.
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 Ricardo Flores Magon Academyincorporated's IRS 990 filings:
- Significant revenue fluctuations year-over-year, indicating potential funding instability or project-based income variability.
Strengths
The following positive indicators were identified for Ricardo Flores Magon Academyincorporated:
- Strong asset base ($16,704,598 in 202406) significantly exceeding liabilities ($1,547,148), indicating excellent solvency.
- Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to minimizing executive overhead.
- Positive net income in the latest filing period (202406), with revenue of $4,565,713 exceeding expenses of $4,538,400.
- Long and consistent filing history (14 filings), indicating good transparency and compliance.
Frequently Asked Questions about Ricardo Flores Magon Academyincorporated
Is Ricardo Flores Magon Academyincorporated a legitimate charity?
Ricardo Flores Magon Academyincorporated (EIN: 204199340) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Ricardo Flores Magon Academyincorporated spend its money?
Ricardo Flores Magon Academyincorporated directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ricardo Flores Magon Academyincorporated tax-deductible?
Ricardo Flores Magon Academyincorporated is registered as a tax-exempt nonprofit (EIN: 204199340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ricardo Flores Magon Academyincorporated's spending goes to programs?
Ricardo Flores Magon Academyincorporated directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ricardo Flores Magon Academyincorporated located?
Ricardo Flores Magon Academyincorporated is headquartered in Denver, Colorado and files with the IRS under EIN 204199340.
How many years of IRS 990 filings does Ricardo Flores Magon Academyincorporated have?
Ricardo Flores Magon Academyincorporated 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 $4.6M in total revenue.
Is Ricardo Flores Magon Academyincorporated financially stable?
Yes, the organization appears financially stable. In the latest period (202406), assets of $16,704,598 significantly outweigh liabilities of $1,547,148, and revenue ($4,565,713) slightly exceeded expenses ($4,538,400).
How has the organization's revenue changed over time?
Revenue has fluctuated significantly, peaking at $13,275,630 in 202006 and decreasing to $4,565,713 in 202406. This suggests variability in funding or operational scale.
Does the organization pay its executives?
Based on the provided data, the organization consistently reports 0% officer compensation across all 14 filings, indicating no executive salaries or benefits are paid.
What is the trend in the organization's assets and liabilities?
Assets have generally increased over the long term, from $3,069,884 in 201506 to $16,704,598 in 202406. Liabilities have shown more fluctuation, with a high of $13,104,360 in 202006, but have significantly decreased to $1,547,148 in the latest period, improving the organization's solvency.
Filing History
IRS 990 filing history for Ricardo Flores Magon Academyincorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Ricardo Flores Magon Academyincorporated's revenue has grown by 116.3%, moving from $2.1M to $4.6M. Total assets increased by 1703.5% over the same period, from $926K to $16.7M. Total functional expenses rose by 153.6%, from $1.8M to $4.5M. In its most recent filing year (2024), Ricardo Flores Magon Academyincorporated reported a surplus of $27K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $16.7M in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $15.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.6M | $4.5M | $16.7M | $1.5M | — | View 990 |
| 2023 | $3.8M | $3.6M | $16.7M | $1.5M | — | View 990 |
| 2022 | $5.7M | $3.5M | $17.1M | $6.2M | — | View 990 |
| 2021 | $9.7M | $3.1M | $18.1M | $9.5M | — | — |
| 2020 | $13.3M | $4.5M | $15.1M | $13.1M | — | View 990 |
| 2019 | $4.3M | $3.4M | $5.9M | $12.8M | — | View 990 |
| 2018 | $3.0M | $5.4M | $5.8M | $13.6M | — | View 990 |
| 2017 | $3.1M | $5.4M | $7.2M | $12.2M | — | View 990 |
| 2016 | $3.3M | $3.5M | $3.7M | $6.6M | — | View 990 |
| 2015 | $3.0M | $3.2M | $3.1M | $5.6M | — | View 990 |
| 2014 | $2.9M | $2.9M | $2.8M | $1.8M | — | View 990 |
| 2013 | $2.5M | $2.4M | $1.6M | $587K | — | View 990 |
| 2012 | $2.5M | $2.3M | $1.4M | $436K | — | View 990 |
| 2011 | $2.1M | $1.8M | $926K | $176K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.6M, expenses of $4.5M, and assets of $16.7M (revenue +18.7% year-over-year).
- 2023: Revenue of $3.8M, expenses of $3.6M, and assets of $16.7M (revenue -32.9% year-over-year).
- 2022: Revenue of $5.7M, expenses of $3.5M, and assets of $17.1M (revenue -41.0% year-over-year).
- 2021: Revenue of $9.7M, expenses of $3.1M, and assets of $18.1M (revenue -26.8% year-over-year).
- 2020: Revenue of $13.3M, expenses of $4.5M, and assets of $15.1M (revenue +211.7% year-over-year).
- 2019: Revenue of $4.3M, expenses of $3.4M, and assets of $5.9M (revenue +41.9% year-over-year).
- 2018: Revenue of $3.0M, expenses of $5.4M, and assets of $5.8M (revenue -4.4% year-over-year).
- 2017: Revenue of $3.1M, expenses of $5.4M, and assets of $7.2M (revenue -4.0% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.5M, and assets of $3.7M (revenue +8.9% year-over-year).
- 2015: Revenue of $3.0M, expenses of $3.2M, and assets of $3.1M (revenue +5.2% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.9M, and assets of $2.8M (revenue +14.3% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.4M, and assets of $1.6M (revenue +1.5% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.3M, and assets of $1.4M (revenue +16.6% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.8M, and assets of $926K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ricardo Flores Magon Academyincorporated:
Data Sources and Methodology
This transparency report for Ricardo Flores Magon Academyincorporated 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.