The Academy Of Coastal Carolina Inc
The Academy Of Coastal Carolina Inc shows consistent revenue growth and zero officer compensation, but 2023 liabilities exceeded assets.
EIN: 204754442 · Supply, NC · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $820K |
| Total Expenses | $667K |
| Program Spending | 85% |
| Net Assets | $349K |
| Transparency Score | 88/100 |
Is The Academy Of Coastal Carolina 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 Of Coastal Carolina Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Academy Of Coastal Carolina Inc
The Academy Of Coastal Carolina Inc (EIN: 204754442) is a nonprofit organization based in Supply, NC, classified under NTEE code B20. The organization reported total revenue of $820K and total assets of $398K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Academy Of Coastal Carolina Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Academy Of Coastal Carolina Inc is a small 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 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $719K |
| Total Expenses | $667K |
| Surplus / Deficit | +$52K |
| Total Assets | $349K |
| Total Liabilities | $404 |
| Net Assets | $349K |
| Operating Margin | 7.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 6.3 months |
Financial Health Grade: A
In 2023, The Academy Of Coastal Carolina Inc reported a surplus of $52K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Academy Of Coastal Carolina Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.5% | -1.5% | +17.3% |
| 2022 | +5.7% | +6.1% | +4.3% |
| 2021 | +24.4% | +22.1% | -17.3% |
| 2020 | +18.3% | +17.0% | +27.5% |
| 2019 | +1.0% | +0.9% | -4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 The Academy Of Coastal Carolina Inc with a Mission Score of 88 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 Of Coastal Carolina 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 $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filing periods, indicating that no salaries are paid to its officers, which is a strong positive for resource allocation to its mission.
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 Of Coastal Carolina Inc's IRS 990 filings:
- 2023 liabilities ($404) exceeded assets ($348,946) in that specific period, indicating a potential short-term liquidity issue.
Strengths
The following positive indicators were identified for The Academy Of Coastal Carolina Inc:
- Consistent revenue growth, from $303,561 in 2014 to $719,028 in 2023.
- Zero officer compensation reported across all filing periods, indicating high efficiency in directing funds to mission.
- Generally positive net income (revenue exceeding expenses) in most recent years, such as $52,291 surplus in 2023.
- Steady growth in assets, reaching $348,946 in 2023.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
Frequently Asked Questions about The Academy Of Coastal Carolina Inc
Is The Academy Of Coastal Carolina Inc a legitimate charity?
The Academy Of Coastal Carolina Inc (EIN: 204754442) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $820K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does The Academy Of Coastal Carolina Inc spend its money?
The Academy Of Coastal Carolina Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Academy Of Coastal Carolina Inc tax-deductible?
The Academy Of Coastal Carolina Inc is registered as a tax-exempt nonprofit (EIN: 204754442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Academy Of Coastal Carolina Inc's spending goes to programs?
The Academy Of Coastal Carolina Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Academy Of Coastal Carolina Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), The Academy Of Coastal Carolina Inc is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Academy Of Coastal Carolina Inc located?
The Academy Of Coastal Carolina Inc is headquartered in Supply, North Carolina and files with the IRS under EIN 204754442. It is classified under NTEE code B20.
How many years of IRS 990 filings does The Academy Of Coastal Carolina Inc have?
The Academy Of Coastal Carolina 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 $820K in total revenue.
Is The Academy Of Coastal Carolina Inc a good charity?
Based on the provided data, The Academy Of Coastal Carolina Inc appears to be a good charity. It consistently operates with a surplus, shows asset growth, and most notably, reports 0% officer compensation, meaning all funds are directed towards its mission.
How has the organization's revenue trended over time?
The organization's revenue has shown a consistent upward trend, growing from $303,561 in 2014 to $719,028 in 2023, indicating strong and sustained financial support.
What is the organization's approach to executive compensation?
The Academy Of Coastal Carolina Inc has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings, meaning no funds are used for officer salaries.
Are there any concerns regarding the organization's liabilities?
While generally low, the liabilities in 2023 ($404) exceeded assets ($348,946) in that specific period, which could be a short-term liquidity concern if not addressed, though overall assets are much higher than liabilities in other periods.
Filing History
IRS 990 filing history for The Academy Of Coastal Carolina Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Academy Of Coastal Carolina Inc's revenue has grown by 382.4%, moving from $149K to $719K. Total assets increased by 115.7% over the same period, from $162K to $349K. Total functional expenses rose by 287%, from $172K to $667K. In its most recent filing year (2023), The Academy Of Coastal Carolina Inc reported a surplus of $52K, with revenue exceeding expenses. The organization holds $404 in liabilities against $349K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $349K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $719K | $667K | $349K | $404 | — | View 990 |
| 2022 | $688K | $677K | $298K | $1K | — | View 990 |
| 2021 | $651K | $638K | $285K | $510 | — | View 990 |
| 2020 | $523K | $522K | $345K | $73K | — | View 990 |
| 2019 | $442K | $446K | $270K | $0 | — | View 990 |
| 2018 | $438K | $442K | $284K | $10K | — | View 990 |
| 2017 | $576K | $486K | $282K | $3K | — | View 990 |
| 2016 | $354K | $385K | $283K | $94K | — | View 990 |
| 2015 | $353K | $339K | $267K | $48K | — | View 990 |
| 2014 | $304K | $297K | $240K | $41K | — | View 990 |
| 2013 | $271K | $240K | $242K | $52K | — | View 990 |
| 2012 | $167K | $182K | $190K | $46K | — | View 990 |
| 2011 | $149K | $172K | $162K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $719K, expenses of $667K, and assets of $349K (revenue +4.5% year-over-year).
- 2022: Revenue of $688K, expenses of $677K, and assets of $298K (revenue +5.7% year-over-year).
- 2021: Revenue of $651K, expenses of $638K, and assets of $285K (revenue +24.4% year-over-year).
- 2020: Revenue of $523K, expenses of $522K, and assets of $345K (revenue +18.3% year-over-year).
- 2019: Revenue of $442K, expenses of $446K, and assets of $270K (revenue +1.0% year-over-year).
- 2018: Revenue of $438K, expenses of $442K, and assets of $284K (revenue -24.0% year-over-year).
- 2017: Revenue of $576K, expenses of $486K, and assets of $282K (revenue +62.8% year-over-year).
- 2016: Revenue of $354K, expenses of $385K, and assets of $283K (revenue +0.3% year-over-year).
- 2015: Revenue of $353K, expenses of $339K, and assets of $267K (revenue +16.2% year-over-year).
- 2014: Revenue of $304K, expenses of $297K, and assets of $240K (revenue +11.8% year-over-year).
- 2013: Revenue of $271K, expenses of $240K, and assets of $242K (revenue +62.3% year-over-year).
- 2012: Revenue of $167K, expenses of $182K, and assets of $190K (revenue +12.2% year-over-year).
- 2011: Revenue of $149K, expenses of $172K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Academy Of Coastal Carolina Inc:
Data Sources and Methodology
This transparency report for The Academy Of Coastal Carolina 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.