Team Academy Charter School Inc
Team Academy Charter School Inc shows consistent revenue growth and asset accumulation with no reported officer compensation on 990s.
EIN: 10660264 · Newark, NJ · NTEE: B29 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $177.4M |
| Total Expenses | $150.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $150 |
| Net Assets | $22.7M |
| Transparency Score | 85/100 |
Is Team Academy Charter School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Team Academy Charter School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Team Academy Charter School Inc
Team Academy Charter School Inc (EIN: 10660264) is a nonprofit organization based in Newark, NJ, classified under NTEE code B29. The organization reported total revenue of $177.4M and total assets of $269.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Team Academy Charter School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Team Academy Charter School Inc is a major 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 16.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $156.9M |
| Total Expenses | $150.3M |
| Surplus / Deficit | +$6.6M |
| Total Assets | $244.8M |
| Total Liabilities | $222.1M |
| Net Assets | $22.7M |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 90.7% |
| Months of Reserves | 19.5 months |
Financial Health Grade: A
In 2023, Team Academy Charter School Inc reported a surplus of $6.6M with revenue exceeding expenses, holds 19.5 months of operating reserves (strong position), has a debt-to-asset ratio of 90.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Team Academy Charter School Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +11.6% | +20.1% |
| 2022 | +27.7% | +24.2% | +224.7% |
| 2021 | +13.2% | +8.9% | +38.2% |
| 2020 | +6.9% | +10.6% | -0.7% |
| 2019 | +12.1% | +10.8% | +183.3% |
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 Team Academy Charter School Inc with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Team Academy Charter School Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $6.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 90.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation for Team Academy Charter School Inc across all available periods, which is unusual for an organization with annual revenues exceeding $150 million and could indicate that executive compensation is either not reported on the 990, paid by a related entity, or that the organization operates with an entirely volunteer executive leadership.
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 Team Academy Charter School Inc's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s for a large organization, potentially indicating incomplete compensation transparency or an unusual operational model.
- Significant increase in liabilities alongside assets, from $3.6 million in 2014 to $222.1 million in 2023, which warrants understanding the nature of these liabilities (e.g., debt for capital projects vs. operational debt).
Strengths
The following positive indicators were identified for Team Academy Charter School Inc:
- Consistent and substantial revenue growth over the past decade, indicating strong financial support and expanding operations.
- Positive net assets and consistent asset growth, providing a strong financial foundation and capacity for future initiatives.
- Expenses consistently managed below revenue in most recent periods, demonstrating sound financial management and sustainability.
- Strong mission focus implied by the nature of a charter school and the general financial health supporting its operations.
Frequently Asked Questions about Team Academy Charter School Inc
Is Team Academy Charter School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Team Academy Charter School Inc (EIN: 10660264) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Team Academy Charter School Inc spend its money?
Team Academy Charter School Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Team Academy Charter School Inc tax-deductible?
Team Academy Charter School Inc is registered as a tax-exempt nonprofit (EIN: 10660264). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Team Academy Charter School Inc CEO make?
Team Academy Charter School Inc's highest-compensated officer earns $150 annually. The organization reported $177.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Team Academy Charter School Inc's spending goes to programs?
Team Academy Charter School Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Team Academy Charter School Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Team Academy Charter School Inc 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 Team Academy Charter School Inc located?
Team Academy Charter School Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 10660264. It is classified under NTEE code B29.
How many years of IRS 990 filings does Team Academy Charter School Inc have?
Team Academy Charter School 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 $177.4M in total revenue.
How does Team Academy Charter School Inc manage executive compensation if 0% is reported on all 990 filings?
The consistent reporting of 0% officer compensation across all 990 filings for an organization of this scale (over $150 million in revenue) is highly unusual. This could mean that executive compensation is paid by a related entity, that the organization's top leadership is entirely volunteer, or that compensation is structured in a way that it is not reported in the 'officer compensation' section of the 990. Further investigation into their organizational structure and related entities would be necessary to understand this.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not include a detailed functional expense breakdown. While overall expenses are consistently below revenue, a precise understanding of how funds are allocated across programs, administration, and fundraising would require access to the full IRS 990, specifically Part IX, Statement of Functional Expenses.
Given the significant increase in assets, what is the organization's strategy for asset utilization?
Team Academy Charter School Inc's assets have grown substantially, from $12.8 million in 2014 to $244.8 million in 2023. This rapid accumulation, particularly in recent years, suggests significant investments or capital projects. Understanding the specific nature of these assets (e.g., real estate, endowments, operational reserves) and the strategy behind their growth and utilization would provide insight into the organization's long-term financial planning and mission impact.
Filing History
IRS 990 filing history for Team Academy Charter School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Team Academy Charter School Inc's revenue has grown by 500.6%, moving from $26.1M to $156.9M. Total assets increased by 6578.5% over the same period, from $3.7M to $244.8M. Total functional expenses rose by 493.8%, from $25.3M to $150.3M. In its most recent filing year (2023), Team Academy Charter School Inc reported a surplus of $6.6M, with revenue exceeding expenses. The organization holds $222.1M in liabilities against $244.8M in assets (debt-to-asset ratio: 90.7%), resulting in net assets of $22.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $156.9M | $150.3M | $244.8M | $222.1M | — | — |
| 2022 | $143.0M | $134.7M | $203.9M | $187.8M | — | View 990 |
| 2021 | $112.0M | $108.5M | $62.8M | $55.0M | — | View 990 |
| 2020 | $98.9M | $99.6M | $45.4M | $41.2M | — | View 990 |
| 2019 | $92.6M | $90.1M | $45.7M | $40.9M | — | View 990 |
| 2018 | $82.6M | $81.3M | $16.1M | $6.2M | — | View 990 |
| 2017 | $76.2M | $77.1M | $14.4M | $5.8M | — | View 990 |
| 2016 | $67.4M | $68.2M | $13.4M | $3.8M | — | View 990 |
| 2015 | $59.6M | $58.4M | $12.7M | $2.3M | — | View 990 |
| 2014 | $49.0M | $46.7M | $12.9M | $3.6M | — | View 990 |
| 2013 | $39.9M | $37.2M | $12.1M | $5.2M | — | View 990 |
| 2012 | $31.4M | $29.5M | $6.6M | $2.4M | — | View 990 |
| 2011 | $26.1M | $25.3M | $3.7M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $156.9M, expenses of $150.3M, and assets of $244.8M (revenue +9.7% year-over-year).
- 2022: Revenue of $143.0M, expenses of $134.7M, and assets of $203.9M (revenue +27.7% year-over-year).
- 2021: Revenue of $112.0M, expenses of $108.5M, and assets of $62.8M (revenue +13.2% year-over-year).
- 2020: Revenue of $98.9M, expenses of $99.6M, and assets of $45.4M (revenue +6.9% year-over-year).
- 2019: Revenue of $92.6M, expenses of $90.1M, and assets of $45.7M (revenue +12.1% year-over-year).
- 2018: Revenue of $82.6M, expenses of $81.3M, and assets of $16.1M (revenue +8.4% year-over-year).
- 2017: Revenue of $76.2M, expenses of $77.1M, and assets of $14.4M (revenue +13.1% year-over-year).
- 2016: Revenue of $67.4M, expenses of $68.2M, and assets of $13.4M (revenue +13.1% year-over-year).
- 2015: Revenue of $59.6M, expenses of $58.4M, and assets of $12.7M (revenue +21.6% year-over-year).
- 2014: Revenue of $49.0M, expenses of $46.7M, and assets of $12.9M (revenue +22.9% year-over-year).
- 2013: Revenue of $39.9M, expenses of $37.2M, and assets of $12.1M (revenue +27.1% year-over-year).
- 2012: Revenue of $31.4M, expenses of $29.5M, and assets of $6.6M (revenue +20.1% year-over-year).
- 2011: Revenue of $26.1M, expenses of $25.3M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Team Academy Charter School Inc:
Data Sources and Methodology
This transparency report for Team Academy Charter School 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.