Sankofa Freedom Academy Charter School
Sankofa Freedom Academy Charter School shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 20793541 · Philadelphia, PA · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.4M |
| Total Expenses | $12.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $6.7M |
| Transparency Score | 92/100 |
Is Sankofa Freedom Academy Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sankofa Freedom Academy Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sankofa Freedom Academy Charter School
Sankofa Freedom Academy Charter School (EIN: 20793541) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code B29. The organization reported total revenue of $15.4M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sankofa Freedom Academy Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sankofa Freedom Academy Charter School is a large nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.0M |
| Total Expenses | $12.8M |
| Surplus / Deficit | +$258K |
| Total Assets | $12.1M |
| Total Liabilities | $5.4M |
| Net Assets | $6.7M |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 44.5% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2023, Sankofa Freedom Academy Charter School reported a surplus of $258K with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 44.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sankofa Freedom Academy Charter School's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.1% | +9.6% | +0.6% |
| 2022 | +10.3% | +15.6% | +7.1% |
| 2021 | +23.7% | +35.5% | +14.2% |
| 2020 | +9.6% | +6.1% | +36.4% |
| 2019 | +8.8% | -18.1% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Sankofa Freedom Academy Charter School 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Sankofa Freedom Academy Charter School allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $258K, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with over $13 million in annual revenue and $12 million in assets. This suggests that key leadership roles may be compensated through other means not categorized as 'officer compensation' on the 990, or that the organization operates with an exceptionally lean or volunteer-based executive structure.
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 Sankofa Freedom Academy Charter School's IRS 990 filings:
- 0% reported officer compensation is highly unusual for an organization of this size, potentially indicating compensation is reported in other categories or a lack of transparency in this specific area.
Strengths
The following positive indicators were identified for Sankofa Freedom Academy Charter School:
- Consistent revenue growth, increasing from $9.2M in 2019 to $13M in 2023, indicating strong operational funding.
- Healthy asset growth, from $7.2M in 2019 to $12.1M in 2023, demonstrating financial accumulation and capacity.
- Positive net income consistently reported, with revenues generally exceeding expenses.
- Long history of IRS 990 filings (13 filings), indicating a commitment to regulatory compliance and transparency.
- Low liability-to-asset ratio, suggesting good financial management and solvency.
Frequently Asked Questions about Sankofa Freedom Academy Charter School
Is Sankofa Freedom Academy Charter School a legitimate charity?
Sankofa Freedom Academy Charter School (EIN: 20793541) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $15.4M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Sankofa Freedom Academy Charter School spend its money?
Sankofa Freedom Academy Charter School directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Sankofa Freedom Academy Charter School tax-deductible?
Sankofa Freedom Academy Charter School is registered as a tax-exempt nonprofit (EIN: 20793541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sankofa Freedom Academy Charter School CEO make?
Sankofa Freedom Academy Charter School's highest-compensated officer earns $13 annually. The organization reported $15.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sankofa Freedom Academy Charter School's spending goes to programs?
Sankofa Freedom Academy Charter School directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sankofa Freedom Academy Charter School compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Sankofa Freedom Academy Charter School is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sankofa Freedom Academy Charter School located?
Sankofa Freedom Academy Charter School is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 20793541. It is classified under NTEE code B29.
How many years of IRS 990 filings does Sankofa Freedom Academy Charter School have?
Sankofa Freedom Academy Charter School 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 $15.4M in total revenue.
Is Sankofa Freedom Academy Charter School financially stable?
Yes, the school demonstrates strong financial stability with consistent revenue growth from $9.2M in 2019 to $13M in 2023, and a healthy increase in assets from $7.2M to $12.1M over the same period, consistently exceeding liabilities.
How does Sankofa Freedom Academy Charter School manage executive compensation?
The IRS 990 filings consistently report 0% for officer compensation across all 13 periods, which is highly unusual for an organization of this scale. This suggests that executive leadership may be compensated through other mechanisms not classified as 'officer compensation' or that the organization relies heavily on volunteer leadership.
What is the trend in the organization's assets and liabilities?
Assets have shown a strong upward trend, growing from $7,208,284 in 2019 to $12,100,435 in 2023. Liabilities have also increased but at a slower rate, maintaining a healthy ratio (e.g., $5,379,777 liabilities vs. $12,100,435 assets in 2023), indicating good financial health.
Filing History
IRS 990 filing history for Sankofa Freedom Academy Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sankofa Freedom Academy Charter School's revenue has grown by 185.9%, moving from $4.6M to $13.0M. Total assets increased by 829% over the same period, from $1.3M to $12.1M. Total functional expenses rose by 214.6%, from $4.1M to $12.8M. In its most recent filing year (2023), Sankofa Freedom Academy Charter School reported a surplus of $258K, with revenue exceeding expenses. The organization holds $5.4M in liabilities against $12.1M in assets (debt-to-asset ratio: 44.5%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.0M | $12.8M | $12.1M | $5.4M | — | — |
| 2022 | $13.9M | $11.6M | $12.0M | $5.2M | — | View 990 |
| 2021 | $12.6M | $10.1M | $11.2M | $5.1M | — | — |
| 2020 | $10.2M | $7.4M | $9.8M | $6.0M | — | — |
| 2019 | $9.3M | $7.0M | $7.2M | $4.6M | — | View 990 |
| 2018 | $8.5M | $8.6M | $7.1M | $4.9M | — | View 990 |
| 2017 | $8.4M | $7.6M | $6.9M | $4.8M | — | View 990 |
| 2016 | $7.7M | $7.7M | $6.8M | $5.2M | — | View 990 |
| 2015 | $7.4M | $7.5M | $6.8M | $5.2M | — | View 990 |
| 2014 | $7.5M | $7.6M | $2.8M | $1.1M | — | View 990 |
| 2013 | $6.6M | $5.8M | $2.6M | $774K | — | View 990 |
| 2012 | $5.6M | $5.3M | $1.7M | $643K | — | View 990 |
| 2011 | $4.6M | $4.1M | $1.3M | $535K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.0M, expenses of $12.8M, and assets of $12.1M (revenue -6.1% year-over-year).
- 2022: Revenue of $13.9M, expenses of $11.6M, and assets of $12.0M (revenue +10.3% year-over-year).
- 2021: Revenue of $12.6M, expenses of $10.1M, and assets of $11.2M (revenue +23.7% year-over-year).
- 2020: Revenue of $10.2M, expenses of $7.4M, and assets of $9.8M (revenue +9.6% year-over-year).
- 2019: Revenue of $9.3M, expenses of $7.0M, and assets of $7.2M (revenue +8.8% year-over-year).
- 2018: Revenue of $8.5M, expenses of $8.6M, and assets of $7.1M (revenue +1.6% year-over-year).
- 2017: Revenue of $8.4M, expenses of $7.6M, and assets of $6.9M (revenue +8.9% year-over-year).
- 2016: Revenue of $7.7M, expenses of $7.7M, and assets of $6.8M (revenue +4.4% year-over-year).
- 2015: Revenue of $7.4M, expenses of $7.5M, and assets of $6.8M (revenue -1.7% year-over-year).
- 2014: Revenue of $7.5M, expenses of $7.6M, and assets of $2.8M (revenue +14.5% year-over-year).
- 2013: Revenue of $6.6M, expenses of $5.8M, and assets of $2.6M (revenue +17.6% year-over-year).
- 2012: Revenue of $5.6M, expenses of $5.3M, and assets of $1.7M (revenue +22.4% year-over-year).
- 2011: Revenue of $4.6M, expenses of $4.1M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sankofa Freedom Academy Charter School:
Data Sources and Methodology
This transparency report for Sankofa Freedom Academy Charter School 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.