Stride Academy
Stride Academy shows consistent revenue growth but maintains a negative net asset position in recent years.
EIN: 201161981 · Saint Cloud, MN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.0M |
| Total Expenses | $8.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $-518,221 |
| Transparency Score | 75/100 |
Is Stride Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stride Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stride Academy
Stride Academy (EIN: 201161981) is a nonprofit organization based in Saint Cloud, MN, classified under NTEE code B29. The organization reported total revenue of $11.0M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stride Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stride Academy is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.8M |
| Total Expenses | $8.2M |
| Surplus / Deficit | +$599K |
| Total Assets | $5.0M |
| Total Liabilities | $5.5M |
| Net Assets | $-518,221 |
| Operating Margin | 6.8% |
| Debt-to-Asset Ratio | 110.4% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Stride Academy reported a surplus of $599K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 110.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Stride Academy's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +12.7% | +11.8% |
| 2022 | +21.4% | +2.2% | -2.5% |
| 2021 | +26.1% | +20.6% | -8.9% |
| 2020 | +16.3% | +21.7% | +7.3% |
| 2019 | -4.2% | -31.5% | -44.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Stride Academy 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, Stride Academy 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 surplus of $599K, with revenue exceeding expenses.
- Debt-to-asset ratio: 110.4%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available IRS 990 filings, which is unusual for an organization with over $8 million in annual expenses. This could indicate a volunteer executive leadership or that compensation is categorized differently, potentially obscuring a complete picture of administrative costs.
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 Stride Academy's IRS 990 filings:
- Consistent negative net asset position (liabilities exceeding assets)
- Zero reported officer compensation across all filings, potentially obscuring true administrative costs
Strengths
The following positive indicators were identified for Stride Academy:
- Consistent revenue growth over the past decade, from $5.4M to $8.8M
- Generally positive operating margins in recent years (e.g., $599,019 surplus in 2023)
- Strong program focus implied by typical NTEE code for educational institutions
Frequently Asked Questions about Stride Academy
Is Stride Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Stride Academy (EIN: 201161981) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Stride Academy spend its money?
Stride Academy directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Stride Academy tax-deductible?
Stride Academy is registered as a tax-exempt nonprofit (EIN: 201161981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Stride Academy CEO make?
Stride Academy's highest-compensated officer earns $8 annually. The organization reported $11.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Stride Academy's spending goes to programs?
Stride Academy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Stride Academy compare to similar nonprofits?
With a transparency score of 75/100 (Good), Stride Academy 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 Stride Academy located?
Stride Academy is headquartered in Saint Cloud, Minnesota and files with the IRS under EIN 201161981. It is classified under NTEE code B29.
How many years of IRS 990 filings does Stride Academy have?
Stride Academy 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 $11.0M in total revenue.
Why do liabilities consistently exceed assets for Stride Academy?
Stride Academy's liabilities have frequently exceeded its assets, for example, $5,502,172 in liabilities versus $4,983,951 in assets in 2023. This suggests a reliance on debt or other non-asset-backed funding, which could impact long-term financial stability if not managed effectively.
What is the reason for zero reported officer compensation?
Across all 13 filings, Stride Academy reports 0% officer compensation. This is uncommon for an organization of its size and revenue, suggesting either a fully volunteer executive team or that executive compensation is reported under other expense categories, which could reduce transparency.
How does Stride Academy manage its significant revenue growth?
Stride Academy has shown significant revenue growth, from $5,436,633 in 2014 to $8,803,335 in 2023. This growth is generally accompanied by increased expenses, but the organization has maintained a positive operating margin in most recent years, indicating effective management of its expanding operations.
What is the organization's strategy for improving its net asset position?
With liabilities consistently higher than assets, Stride Academy has a negative net asset position. For example, in 2023, net assets were -$518,221 ($4,983,951 assets - $5,502,172 liabilities). A clear strategy for building unrestricted net assets would enhance its financial resilience.
Filing History
IRS 990 filing history for Stride Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Stride Academy's revenue has grown by 145%, moving from $3.6M to $8.8M. Total assets increased by 263.7% over the same period, from $1.4M to $5.0M. Total functional expenses rose by 107.9%, from $3.9M to $8.2M. In its most recent filing year (2023), Stride Academy reported a surplus of $599K, with revenue exceeding expenses. The organization holds $5.5M in liabilities against $5.0M in assets (debt-to-asset ratio: 110.4%), resulting in net assets of $-518,221.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.8M | $8.2M | $5.0M | $5.5M | — | View 990 |
| 2022 | $8.6M | $7.3M | $4.5M | $7.1M | — | View 990 |
| 2021 | $7.1M | $7.1M | $4.6M | $8.5M | — | — |
| 2020 | $5.6M | $5.9M | $5.0M | $9.0M | — | View 990 |
| 2019 | $4.8M | $4.9M | $4.7M | $8.4M | — | View 990 |
| 2018 | $5.0M | $7.1M | $8.4M | $13.1M | — | View 990 |
| 2017 | $7.9M | $9.3M | $2.1M | $4.8M | — | View 990 |
| 2016 | $7.3M | $7.1M | $2.0M | $3.3M | — | View 990 |
| 2015 | $6.0M | $5.7M | $1.6M | $3.1M | — | View 990 |
| 2014 | $5.4M | $5.2M | $1.0M | $431K | — | View 990 |
| 2013 | $4.8M | $4.7M | $1.0M | $621K | — | View 990 |
| 2012 | $4.2M | $4.3M | $1.6M | $1.4M | — | View 990 |
| 2011 | $3.6M | $3.9M | $1.4M | $980K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.8M, expenses of $8.2M, and assets of $5.0M (revenue +2.4% year-over-year).
- 2022: Revenue of $8.6M, expenses of $7.3M, and assets of $4.5M (revenue +21.4% year-over-year).
- 2021: Revenue of $7.1M, expenses of $7.1M, and assets of $4.6M (revenue +26.1% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.9M, and assets of $5.0M (revenue +16.3% year-over-year).
- 2019: Revenue of $4.8M, expenses of $4.9M, and assets of $4.7M (revenue -4.2% year-over-year).
- 2018: Revenue of $5.0M, expenses of $7.1M, and assets of $8.4M (revenue -36.4% year-over-year).
- 2017: Revenue of $7.9M, expenses of $9.3M, and assets of $2.1M (revenue +8.8% year-over-year).
- 2016: Revenue of $7.3M, expenses of $7.1M, and assets of $2.0M (revenue +22.1% year-over-year).
- 2015: Revenue of $6.0M, expenses of $5.7M, and assets of $1.6M (revenue +9.8% year-over-year).
- 2014: Revenue of $5.4M, expenses of $5.2M, and assets of $1.0M (revenue +12.9% year-over-year).
- 2013: Revenue of $4.8M, expenses of $4.7M, and assets of $1.0M (revenue +16.0% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.3M, and assets of $1.6M (revenue +15.6% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.9M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stride Academy:
Data Sources and Methodology
This transparency report for Stride 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.