Success Academy Charter Schools Inc
Success Academy Charter Schools Inc. shows substantial revenue growth and strong asset accumulation over the past decade.
EIN: 205298861 · New York, NY · NTEE: B990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $236.9M |
| Total Expenses | $123.0M |
| Program Spending | 85% |
| Net Assets | $200.6M |
| Transparency Score | 90/100 |
Is Success Academy Charter Schools Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Success Academy Charter Schools Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Success Academy Charter Schools Inc
Success Academy Charter Schools Inc (EIN: 205298861) is a nonprofit organization based in New York, NY, classified under NTEE code B990. The organization reported total revenue of $236.9M and total assets of $527.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Success Academy Charter Schools Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Success Academy Charter Schools Inc is a major nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $143.9M |
| Total Expenses | $123.0M |
| Surplus / Deficit | +$20.9M |
| Total Assets | $362.6M |
| Total Liabilities | $162.0M |
| Net Assets | $200.6M |
| Operating Margin | 14.5% |
| Debt-to-Asset Ratio | 44.7% |
| Months of Reserves | 35.4 months |
Financial Health Grade: A
In 2023, Success Academy Charter Schools Inc reported a surplus of $20.9M with revenue exceeding expenses, holds 35.4 months of operating reserves (strong position), has a debt-to-asset ratio of 44.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Success Academy Charter Schools Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.9% | +32.5% | +32.1% |
| 2022 | +90.2% | +20.3% | +68.4% |
| 2021 | +12.7% | +5.0% | +16.5% |
| 2020 | +11.2% | -16.5% | -5.9% |
| 2019 | -2.2% | +15.6% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Success Academy Charter Schools Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Success Academy Charter Schools Inc 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 $20.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 44.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that top officers are either uncompensated or compensated through a related entity, which is a strong positive for transparency and resource allocation relative to the organization's substantial revenue and asset base.
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.
Strengths
The following positive indicators were identified for Success Academy Charter Schools Inc:
- Consistent and substantial revenue growth, from $42.4M in 2014 to $143.8M in 2023.
- Strong asset accumulation, with assets growing from $45.2M in 2014 to $362.6M in 2023.
- Reported 0% officer compensation across all filings, indicating high transparency in this area.
- Expenses generally kept below revenue, allowing for healthy net asset growth.
- Consistent IRS 990 filing history (13 filings), demonstrating good compliance and transparency.
Frequently Asked Questions about Success Academy Charter Schools Inc
Is Success Academy Charter Schools Inc a legitimate charity?
Success Academy Charter Schools Inc (EIN: 205298861) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $236.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Success Academy Charter Schools Inc spend its money?
Success Academy Charter Schools Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Success Academy Charter Schools Inc tax-deductible?
Success Academy Charter Schools Inc is registered as a tax-exempt nonprofit (EIN: 205298861). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Success Academy Charter Schools Inc's spending goes to programs?
Success Academy Charter Schools Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Success Academy Charter Schools Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Success Academy Charter Schools Inc is above average for NTEE category B990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Success Academy Charter Schools Inc located?
Success Academy Charter Schools Inc is headquartered in New York, New York and files with the IRS under EIN 205298861. It is classified under NTEE code B990.
How many years of IRS 990 filings does Success Academy Charter Schools Inc have?
Success Academy Charter Schools Inc 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 $236.9M in total revenue.
Is Success Academy Charter Schools Inc. financially stable?
Yes, the organization appears financially stable, demonstrating consistent revenue growth from $42.4 million in 2014 to $143.8 million in 2023, and a significant increase in assets from $45.2 million to $362.6 million over the same period.
How has the organization's revenue trended over the last decade?
Revenue has shown a strong upward trend, increasing from $42.4 million in 2014 to $143.8 million in 2023, with a notable peak of $188.9 million in 2022, indicating substantial growth.
What is the organization's approach to executive compensation?
The organization consistently reports 0% for officer compensation in all available filings, suggesting a highly conservative approach to direct executive pay or compensation through other structures.
Are the organization's assets growing faster than its liabilities?
Yes, assets have grown significantly from $45.2 million in 2014 to $362.6 million in 2023, while liabilities have also increased but at a slower pace, moving from $12.8 million to $161.9 million, indicating a healthy net asset position.
Filing History
IRS 990 filing history for Success Academy Charter Schools Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Success Academy Charter Schools Inc's revenue has grown by 1082.4%, moving from $12.2M to $143.9M. Total assets increased by 3721.3% over the same period, from $9.5M to $362.6M. Total functional expenses rose by 1272%, from $9.0M to $123.0M. In its most recent filing year (2023), Success Academy Charter Schools Inc reported a surplus of $20.9M, with revenue exceeding expenses. The organization holds $162.0M in liabilities against $362.6M in assets (debt-to-asset ratio: 44.7%), resulting in net assets of $200.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $143.9M | $123.0M | $362.6M | $162.0M | — | — |
| 2022 | $189.0M | $92.8M | $274.5M | $94.7M | — | View 990 |
| 2021 | $99.4M | $77.2M | $163.0M | $77.6M | — | View 990 |
| 2020 | $88.2M | $73.5M | $139.9M | $73.6M | — | View 990 |
| 2019 | $79.3M | $87.9M | $148.7M | $97.1M | — | View 990 |
| 2018 | $81.2M | $76.1M | $150.3M | $90.1M | — | View 990 |
| 2017 | $66.1M | $66.3M | $130.0M | $74.8M | — | View 990 |
| 2016 | $58.4M | $53.0M | $74.4M | $19.0M | — | View 990 |
| 2015 | $60.4M | $42.9M | $68.6M | $18.6M | — | View 990 |
| 2014 | $42.5M | $33.2M | $45.3M | $12.8M | — | View 990 |
| 2013 | $34.6M | $22.0M | $30.9M | $7.7M | — | View 990 |
| 2012 | $16.7M | $13.3M | $15.1M | $4.5M | — | View 990 |
| 2011 | $12.2M | $9.0M | $9.5M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $143.9M, expenses of $123.0M, and assets of $362.6M (revenue -23.9% year-over-year).
- 2022: Revenue of $189.0M, expenses of $92.8M, and assets of $274.5M (revenue +90.2% year-over-year).
- 2021: Revenue of $99.4M, expenses of $77.2M, and assets of $163.0M (revenue +12.7% year-over-year).
- 2020: Revenue of $88.2M, expenses of $73.5M, and assets of $139.9M (revenue +11.2% year-over-year).
- 2019: Revenue of $79.3M, expenses of $87.9M, and assets of $148.7M (revenue -2.2% year-over-year).
- 2018: Revenue of $81.2M, expenses of $76.1M, and assets of $150.3M (revenue +22.8% year-over-year).
- 2017: Revenue of $66.1M, expenses of $66.3M, and assets of $130.0M (revenue +13.2% year-over-year).
- 2016: Revenue of $58.4M, expenses of $53.0M, and assets of $74.4M (revenue -3.4% year-over-year).
- 2015: Revenue of $60.4M, expenses of $42.9M, and assets of $68.6M (revenue +42.3% year-over-year).
- 2014: Revenue of $42.5M, expenses of $33.2M, and assets of $45.3M (revenue +22.9% year-over-year).
- 2013: Revenue of $34.6M, expenses of $22.0M, and assets of $30.9M (revenue +107.3% year-over-year).
- 2012: Revenue of $16.7M, expenses of $13.3M, and assets of $15.1M (revenue +37.0% year-over-year).
- 2011: Revenue of $12.2M, expenses of $9.0M, and assets of $9.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Success Academy Charter Schools Inc:
Data Sources and Methodology
This transparency report for Success Academy Charter Schools 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.