Southside Family Charter School
Southside Family Charter School operates with no reported officer compensation but faces consistent liabilities exceeding assets.
EIN: 203798769 · Minneapolis, MN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $-754,433 |
| Transparency Score | 75/100 |
Is Southside Family Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southside Family Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southside Family Charter School
Southside Family Charter School (EIN: 203798769) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B29. The organization reported total revenue of $2.5M and total assets of $651K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southside Family Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southside Family Charter School is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-260,376 |
| Total Assets | $955K |
| Total Liabilities | $1.7M |
| Net Assets | $-754,433 |
| Operating Margin | -12.6% |
| Debt-to-Asset Ratio | 179.0% |
| Months of Reserves | 4.9 months |
Financial Health Grade: C
In 2023, Southside Family Charter School reported a deficit of $260K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 179.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Southside Family Charter School's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.6% | +1.8% | -30.1% |
| 2022 | +25.7% | +11.3% | +27.4% |
| 2021 | +6.7% | +10.9% | -25.9% |
| 2020 | +6.6% | +28.8% | -7.3% |
| 2019 | +0.7% | -29.3% | -23.7% |
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 Southside Family Charter School with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Southside Family Charter School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $260K, with expenses exceeding revenue.
- Debt-to-asset ratio: 179.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for a school of its size with revenues consistently over $1.5 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 Southside Family Charter School's IRS 990 filings:
- Consistent liabilities exceeding assets across multiple periods, indicating potential long-term financial strain or significant debt.
- Deficit spending in the most recent fiscal period (202306), where expenses exceeded revenue by over $260,000.
Strengths
The following positive indicators were identified for Southside Family Charter School:
- Zero reported officer compensation across all available filings, indicating strong commitment to program spending.
- Consistent filing of IRS Form 990s over 12 periods, demonstrating a commitment to transparency and compliance.
- Steady revenue generation, consistently above $1.5 million annually, supporting its educational mission.
Frequently Asked Questions about Southside Family Charter School
Is Southside Family Charter School a legitimate charity?
Southside Family Charter School (EIN: 203798769) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.5M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Southside Family Charter School spend its money?
Southside Family Charter School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Southside Family Charter School tax-deductible?
Southside Family Charter School is registered as a tax-exempt nonprofit (EIN: 203798769). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southside Family Charter School CEO make?
Southside Family Charter School's highest-compensated officer earns $1.5 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southside Family Charter School's spending goes to programs?
Southside Family Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southside Family Charter School compare to similar nonprofits?
With a transparency score of 75/100 (Good), Southside Family 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 Southside Family Charter School located?
Southside Family Charter School is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 203798769. It is classified under NTEE code B29.
How many years of IRS 990 filings does Southside Family Charter School have?
Southside Family Charter School has 12 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 $2.5M in total revenue.
Why do liabilities consistently exceed assets?
The filings show liabilities consistently higher than assets, for example, $1,709,438 in liabilities versus $955,005 in assets in 202306. This could be due to long-term debt, capital leases, or deferred revenue, which would require reviewing the balance sheet details in the full 990.
What caused the deficit in the 202306 fiscal period?
In the 202306 period, expenses ($2,327,022) exceeded revenue ($2,066,646) by $260,376. The specific reasons for this deficit would require a detailed review of the Statement of Functional Expenses and Statement of Revenue in the 990 filing.
How does the school manage its cash flow with fluctuating assets and high liabilities?
The significant fluctuations in assets (e.g., from $1,365,664 in 202206 to $955,005 in 202306) alongside high liabilities suggest a dynamic financial management approach. Understanding the nature of these liabilities and the school's liquidity position would be crucial.
Filing History
IRS 990 filing history for Southside Family Charter School showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Southside Family Charter School's revenue has grown by 69.6%, moving from $1.2M to $2.1M. Total assets increased by 105.9% over the same period, from $464K to $955K. Total functional expenses rose by 74.6%, from $1.3M to $2.3M. In its most recent filing year (2023), Southside Family Charter School reported a deficit of $260K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $955K in assets (debt-to-asset ratio: 179.0%), resulting in net assets of $-754,433.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.3M | $955K | $1.7M | — | View 990 |
| 2022 | $2.4M | $2.3M | $1.4M | $2.0M | — | View 990 |
| 2021 | $1.9M | $2.1M | $1.1M | $1.9M | — | View 990 |
| 2020 | $1.8M | $1.9M | $1.4M | $2.2M | — | View 990 |
| 2019 | $1.7M | $1.4M | $1.6M | $2.2M | — | View 990 |
| 2018 | $1.7M | $2.0M | $2.0M | $2.9M | — | View 990 |
| 2017 | $1.8M | $2.1M | $2.3M | $2.8M | — | View 990 |
| 2016 | $1.6M | $1.5M | $668K | $854K | — | View 990 |
| 2015 | $1.3M | $1.3M | $541K | $811K | — | View 990 |
| 2014 | $1.3M | $1.3M | $421K | $87K | — | View 990 |
| 2013 | $1.3M | $1.2M | $473K | $148K | — | View 990 |
| 2012 | $1.2M | $1.3M | $464K | $177K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.3M, and assets of $955K (revenue -13.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.3M, and assets of $1.4M (revenue +25.7% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.1M, and assets of $1.1M (revenue +6.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $1.4M (revenue +6.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $1.6M (revenue +0.7% year-over-year).
- 2018: Revenue of $1.7M, expenses of $2.0M, and assets of $2.0M (revenue -7.4% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.1M, and assets of $2.3M (revenue +13.5% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $668K (revenue +20.8% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $541K (revenue -1.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $421K (revenue +3.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $473K (revenue +5.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.3M, and assets of $464K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southside Family Charter School:
Data Sources and Methodology
This transparency report for Southside Family 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.