T2 Honors Academy
EIN: 464458417 · Warrensvl Hts, OH · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Net Assets | $-651,273 |
Is T2 Honors Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About T2 Honors Academy
T2 Honors Academy (EIN: 464458417) is a nonprofit organization based in Warrensvl Hts, OH, classified under NTEE code B29. The organization reported total revenue of $1.7M and total assets of $841K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of T2 Honors Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
T2 Honors Academy is a mid-size nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 18.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-74,355 |
| Total Assets | $889K |
| Total Liabilities | $1.5M |
| Net Assets | $-651,273 |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 173.2% |
| Months of Reserves | 6.6 months |
Financial Health Grade: C
In 2023, T2 Honors Academy reported a deficit of $74K with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 173.2% (high leverage).
Financial Trends
Over 9 years of filings (2015–2023), T2 Honors Academy's revenue has grown at a compound annual growth rate (CAGR) of 18.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | +18.9% | -3.0% |
| 2022 | +14.5% | +19.7% | +79.6% |
| 2021 | +7.9% | -11.4% | +21.7% |
| 2020 | +3.2% | +5.0% | -33.5% |
| 2019 | +1.1% | +35.3% | -27.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for T2 Honors Academy 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 T2 Honors Academy 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 $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 173.2%.
Frequently Asked Questions about T2 Honors Academy
Is T2 Honors Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, T2 Honors Academy (EIN: 464458417) insufficient data. 0 red flags identified, 0 strengths noted.
How does T2 Honors Academy spend its money?
Detailed spending breakdown data is not yet available for T2 Honors Academy. Check back for updated IRS 990 analysis.
Are donations to T2 Honors Academy tax-deductible?
T2 Honors Academy is registered as a tax-exempt nonprofit (EIN: 464458417). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is T2 Honors Academy located?
T2 Honors Academy is headquartered in Warrensvl Hts, Ohio and files with the IRS under EIN 464458417. It is classified under NTEE code B29.
How many years of IRS 990 filings does T2 Honors Academy have?
T2 Honors Academy has 9 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for T2 Honors Academy showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), T2 Honors Academy's revenue has grown by 279.3%, moving from $407K to $1.5M. Total assets increased by 15577.9% over the same period, from $6K to $889K. Total functional expenses rose by 160.8%, from $620K to $1.6M. In its most recent filing year (2023), T2 Honors Academy reported a deficit of $74K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $889K in assets (debt-to-asset ratio: 173.2%), resulting in net assets of $-651,273.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $889K | $1.5M | — | — |
| 2022 | $1.5M | $1.4M | $917K | $1.5M | — | View 990 |
| 2021 | $1.3M | $1.1M | $510K | $1.2M | — | — |
| 2020 | $1.2M | $1.3M | $419K | $1.2M | — | View 990 |
| 2019 | $1.1M | $1.2M | $631K | $1.3M | — | View 990 |
| 2018 | $1.1M | $903K | $870K | $1.5M | — | View 990 |
| 2017 | $987K | $1.3M | $732K | $1.3M | — | View 990 |
| 2016 | $852K | $932K | $624K | $878K | — | View 990 |
| 2015 | $407K | $620K | $6K | $219K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.6M, and assets of $889K (revenue +5.6% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $917K (revenue +14.5% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $510K (revenue +7.9% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $419K (revenue +3.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $631K (revenue +1.1% year-over-year).
- 2018: Revenue of $1.1M, expenses of $903K, and assets of $870K (revenue +14.7% year-over-year).
- 2017: Revenue of $987K, expenses of $1.3M, and assets of $732K (revenue +15.8% year-over-year).
- 2016: Revenue of $852K, expenses of $932K, and assets of $624K (revenue +109.5% year-over-year).
- 2015: Revenue of $407K, expenses of $620K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for T2 Honors Academy:
Data Sources and Methodology
This transparency report for T2 Honors 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.