Sheffield Academy Inc
EIN: 880736420 · Sheffield Vlg, OH · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.3M |
| Net Assets | $-416,534 |
Is Sheffield Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sheffield Academy Inc
Sheffield Academy Inc (EIN: 880736420) is a nonprofit organization based in Sheffield Vlg, OH, classified under NTEE code B20. The organization reported total revenue of $2.0M and total assets of $955K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sheffield Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sheffield Academy Inc is a mid-size nonprofit that has been operating for 3 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $841K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-416,534 |
| Total Assets | $235K |
| Total Liabilities | $652K |
| Net Assets | $-416,534 |
| Operating Margin | -49.5% |
| Debt-to-Asset Ratio | 277.2% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2023, Sheffield Academy Inc reported a deficit of $417K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 277.2% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sheffield Academy Inc 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 Sheffield Academy Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $417K, with expenses exceeding revenue.
- Debt-to-asset ratio: 277.2%.
Frequently Asked Questions about Sheffield Academy Inc
Is Sheffield Academy Inc a legitimate charity?
Sheffield Academy Inc (EIN: 880736420) is a registered tax-exempt nonprofit based in Ohio. Total revenue: $2.0M. No red flags identified. Financial health grade: D.
How does Sheffield Academy Inc spend its money?
Sheffield Academy Inc reported $2.0M in total revenue in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sheffield Academy Inc tax-deductible?
Sheffield Academy Inc is registered as a tax-exempt nonprofit (EIN: 880736420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sheffield Academy Inc located?
Sheffield Academy Inc is headquartered in Sheffield Vlg, Ohio and files with the IRS under EIN 880736420. It is classified under NTEE code B20.
Filing History
IRS 990 filing history for Sheffield Academy Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Sheffield Academy Inc reported a deficit of $417K, with expenses exceeding revenue. The organization holds $652K in liabilities against $235K in assets (debt-to-asset ratio: 277.2%), resulting in net assets of $-416,534.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $841K | $1.3M | $235K | $652K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sheffield Academy Inc:
Data Sources and Methodology
This transparency report for Sheffield 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.