The Academy In Manayunk Inc
The Academy In Manayunk Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 10849648 · Conshohocken, PA · NTEE: B24 · Updated: 2026-03-28
Is The Academy In Manayunk Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Academy In Manayunk Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Academy In Manayunk Inc
The Academy In Manayunk Inc (EIN: 10849648) is a nonprofit organization based in Conshohocken, PA, classified under NTEE code B24. The organization reported total revenue of $75.9M and total assets of $102.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Academy In Manayunk Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Academy In Manayunk Inc is a major nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32.0M |
| Total Expenses | $24.4M |
| Surplus / Deficit | +$7.6M |
| Total Assets | $84.0M |
| Total Liabilities | $26.5M |
| Net Assets | $57.5M |
| Operating Margin | 23.9% |
| Debt-to-Asset Ratio | 31.6% |
| Months of Reserves | 41.4 months |
Financial Health Grade: A
In 2023, The Academy In Manayunk Inc reported a surplus of $7.6M with revenue exceeding expenses, holds 41.4 months of operating reserves (strong position), has a debt-to-asset ratio of 31.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Academy In Manayunk Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.5% | +26.4% | +16.0% |
| 2022 | +12.3% | +12.9% | +11.9% |
| 2021 | +9.6% | +0.4% | +13.9% |
| 2020 | +8.1% | +12.3% | +12.8% |
| 2019 | +11.2% | +7.1% | +10.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Academy In Manayunk 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Academy In Manayunk 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 $7.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers do not receive salaries, which is highly unusual for an organization of its size with revenues exceeding $30 million and assets over $80 million.
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 The Academy In Manayunk Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data prevents full efficiency assessment.
- Unusually low liabilities relative to assets in earlier years (e.g., 2016: $8.15M liabilities vs. $26.45M assets) could warrant further investigation into funding sources or asset types.
Strengths
The following positive indicators were identified for The Academy In Manayunk Inc:
- Consistent revenue growth, from $11.48M in 2014 to $31.99M in 2023.
- Strong asset growth, from $13.71M in 2014 to $83.99M in 2023.
- Consistent operating surplus, indicating sound financial management (e.g., 2023: $31.99M revenue vs. $24.35M expenses).
- Zero reported officer compensation across all filings, suggesting high efficiency at the executive level.
- Long and consistent IRS 990 filing history (13 filings), indicating good transparency.
Frequently Asked Questions about The Academy In Manayunk Inc
Is The Academy In Manayunk Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Academy In Manayunk Inc (EIN: 10849648) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does The Academy In Manayunk Inc spend its money?
The Academy In Manayunk Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Academy In Manayunk Inc tax-deductible?
The Academy In Manayunk Inc is registered as a tax-exempt nonprofit (EIN: 10849648). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is The Academy In Manayunk Inc a good charity?
Based on the available data, The Academy In Manayunk Inc appears to be a financially healthy and well-managed organization with consistent growth and a strong commitment to minimizing executive compensation. The consistent operating surplus and asset growth suggest effective financial stewardship.
How has the organization's financial health changed over time?
The organization has demonstrated significant financial growth, with revenue increasing from $11.48 million in 2014 to $31.99 million in 2023, and assets growing from $13.71 million to $83.99 million in the same period. This indicates robust and sustained financial health.
What is the significance of 0% officer compensation?
The 0% officer compensation reported across all filings is highly significant. It suggests that the organization's top leadership may be unpaid volunteers or compensated through other means not categorized as 'officer compensation' on the 990, which could indicate a strong dedication to the mission and efficient use of funds.
Filing History
IRS 990 filing history for The Academy In Manayunk Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Academy In Manayunk Inc's revenue has grown by 284.9%, moving from $8.3M to $32.0M. Total assets increased by 1394.8% over the same period, from $5.6M to $84.0M. Total functional expenses rose by 307.5%, from $6.0M to $24.4M. In its most recent filing year (2023), The Academy In Manayunk Inc reported a surplus of $7.6M, with revenue exceeding expenses. The organization holds $26.5M in liabilities against $84.0M in assets (debt-to-asset ratio: 31.6%), resulting in net assets of $57.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32.0M | $24.4M | $84.0M | $26.5M | — | View 990 |
| 2022 | $26.5M | $19.3M | $72.4M | $24.3M | — | View 990 |
| 2021 | $23.6M | $17.1M | $64.7M | $22.4M | — | View 990 |
| 2020 | $21.6M | $17.0M | $56.8M | $24.5M | — | View 990 |
| 2019 | $19.9M | $15.1M | $50.3M | $21.1M | — | View 990 |
| 2018 | $17.9M | $14.1M | $45.6M | $20.5M | — | View 990 |
| 2017 | $16.5M | $13.7M | $41.1M | $20.5M | — | View 990 |
| 2016 | $16.0M | $12.3M | $26.5M | $8.2M | — | View 990 |
| 2015 | $17.5M | $11.1M | $20.7M | $6.1M | — | View 990 |
| 2014 | $11.5M | $10.4M | $13.7M | $5.5M | — | View 990 |
| 2013 | $10.8M | $8.8M | $13.1M | $6.0M | — | View 990 |
| 2012 | $7.7M | $6.8M | $9.2M | $4.2M | — | View 990 |
| 2011 | $8.3M | $6.0M | $5.6M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.0M, expenses of $24.4M, and assets of $84.0M (revenue +20.5% year-over-year).
- 2022: Revenue of $26.5M, expenses of $19.3M, and assets of $72.4M (revenue +12.3% year-over-year).
- 2021: Revenue of $23.6M, expenses of $17.1M, and assets of $64.7M (revenue +9.6% year-over-year).
- 2020: Revenue of $21.6M, expenses of $17.0M, and assets of $56.8M (revenue +8.1% year-over-year).
- 2019: Revenue of $19.9M, expenses of $15.1M, and assets of $50.3M (revenue +11.2% year-over-year).
- 2018: Revenue of $17.9M, expenses of $14.1M, and assets of $45.6M (revenue +8.7% year-over-year).
- 2017: Revenue of $16.5M, expenses of $13.7M, and assets of $41.1M (revenue +3.0% year-over-year).
- 2016: Revenue of $16.0M, expenses of $12.3M, and assets of $26.5M (revenue -8.7% year-over-year).
- 2015: Revenue of $17.5M, expenses of $11.1M, and assets of $20.7M (revenue +52.6% year-over-year).
- 2014: Revenue of $11.5M, expenses of $10.4M, and assets of $13.7M (revenue +5.9% year-over-year).
- 2013: Revenue of $10.8M, expenses of $8.8M, and assets of $13.1M (revenue +41.1% year-over-year).
- 2012: Revenue of $7.7M, expenses of $6.8M, and assets of $9.2M (revenue -7.6% year-over-year).
- 2011: Revenue of $8.3M, expenses of $6.0M, and assets of $5.6M.
Data Sources and Methodology
This transparency report for The Academy In Manayunk 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.