Sussex Preparatory Academy Foundation
EIN: 453820950 · Lewes, DE · NTEE: B11
| Metric | Value |
|---|---|
| Total Revenue | $684K |
| Total Expenses | $2.2M |
| Net Assets | $14.0M |
Is Sussex Preparatory Academy Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sussex Preparatory Academy Foundation
Sussex Preparatory Academy Foundation (EIN: 453820950) is a nonprofit organization based in Lewes, DE, classified under NTEE code B11. The organization reported total revenue of $684K and total assets of $25.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sussex Preparatory Academy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sussex Preparatory Academy Foundation is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-1,129,899 |
| Total Assets | $26.4M |
| Total Liabilities | $12.4M |
| Net Assets | $14.0M |
| Operating Margin | -106.7% |
| Debt-to-Asset Ratio | 47.0% |
| Months of Reserves | 144.9 months |
Financial Health Grade: B
In 2023, Sussex Preparatory Academy Foundation reported a deficit of $1.1M with expenses exceeding revenue, holds 144.9 months of operating reserves (strong position), has a debt-to-asset ratio of 47.0% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.6% | +60.8% | -4.9% |
| 2022 | +288.8% | +1.9% | +5.3% |
| 2021 | -14.6% | -6.0% | -2.9% |
| 2020 | -9.9% | -0.3% | -2.8% |
| 2019 | -59.1% | -6.8% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sussex Preparatory Academy Foundation 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 Sussex Preparatory Academy Foundation 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.0%.
Frequently Asked Questions about Sussex Preparatory Academy Foundation
Is Sussex Preparatory Academy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Sussex Preparatory Academy Foundation (EIN: 453820950) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sussex Preparatory Academy Foundation spend its money?
Detailed spending breakdown data is not yet available for Sussex Preparatory Academy Foundation. Check back for updated IRS 990 analysis.
Are donations to Sussex Preparatory Academy Foundation tax-deductible?
Sussex Preparatory Academy Foundation is registered as a tax-exempt nonprofit (EIN: 453820950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sussex Preparatory Academy Foundation located?
Sussex Preparatory Academy Foundation is headquartered in Lewes, Delaware and files with the IRS under EIN 453820950. It is classified under NTEE code B11.
How many years of IRS 990 filings does Sussex Preparatory Academy Foundation have?
Sussex Preparatory Academy Foundation 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 $684K in total revenue.
Filing History
IRS 990 filing history for Sussex Preparatory Academy Foundation showing financial trends over 12 years of public records:
Total assets increased by 2642138500% over the same period, from $1 to $26.4M. In its most recent filing year (2023), Sussex Preparatory Academy Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $12.4M in liabilities against $26.4M in assets (debt-to-asset ratio: 47.0%), resulting in net assets of $14.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $2.2M | $26.4M | $12.4M | — | — |
| 2022 | $3.0M | $1.4M | $27.8M | $12.6M | — | View 990 |
| 2021 | $769K | $1.3M | $26.4M | $12.9M | — | View 990 |
| 2020 | $900K | $1.4M | $27.2M | $13.1M | — | — |
| 2019 | $999K | $1.4M | $28.0M | $13.4M | — | View 990 |
| 2018 | $2.4M | $1.5M | $28.5M | $13.4M | — | View 990 |
| 2017 | $2.3M | $1.4M | $31.2M | $17.1M | — | View 990 |
| 2016 | $7.9M | $1.8M | $30.4M | $17.2M | — | View 990 |
| 2015 | $4.5M | $2.8M | $18.8M | $11.6M | — | View 990 |
| 2014 | $2.8M | $1.0M | $13.3M | $8.0M | — | View 990 |
| 2013 | $2.1M | $971K | $13.3M | $9.7M | — | View 990 |
| 2011 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $2.2M, and assets of $26.4M (revenue -64.6% year-over-year).
- 2022: Revenue of $3.0M, expenses of $1.4M, and assets of $27.8M (revenue +288.8% year-over-year).
- 2021: Revenue of $769K, expenses of $1.3M, and assets of $26.4M (revenue -14.6% year-over-year).
- 2020: Revenue of $900K, expenses of $1.4M, and assets of $27.2M (revenue -9.9% year-over-year).
- 2019: Revenue of $999K, expenses of $1.4M, and assets of $28.0M (revenue -59.1% year-over-year).
- 2018: Revenue of $2.4M, expenses of $1.5M, and assets of $28.5M (revenue +6.6% year-over-year).
- 2017: Revenue of $2.3M, expenses of $1.4M, and assets of $31.2M (revenue -71.0% year-over-year).
- 2016: Revenue of $7.9M, expenses of $1.8M, and assets of $30.4M (revenue +73.7% year-over-year).
- 2015: Revenue of $4.5M, expenses of $2.8M, and assets of $18.8M (revenue +64.7% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.0M, and assets of $13.3M (revenue +31.6% year-over-year).
- 2013: Revenue of $2.1M, expenses of $971K, and assets of $13.3M.
- 2011: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sussex Preparatory Academy Foundation:
Data Sources and Methodology
This transparency report for Sussex Preparatory Academy Foundation 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.