The Philadelphia Academies Inc
The Philadelphia Academies Inc: Strong Program Spending, but Declining Revenue
EIN: 222442433 · Philadelphia, PA · NTEE: B30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.0M |
| Program Spending | 80% |
| Net Assets | $1.7M |
| Transparency Score | 75/100 |
Is The Philadelphia Academies Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Philadelphia Academies Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Philadelphia Academies Inc
The Philadelphia Academies Inc (EIN: 222442433) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code B30Z. The organization reported total revenue of $3.6M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Philadelphia Academies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Philadelphia Academies Inc is a mid-size nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-84,894 |
| Total Assets | $2.5M |
| Total Liabilities | $757K |
| Net Assets | $1.7M |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 30.5% |
| Months of Reserves | 9.8 months |
Financial Health Grade: B
In 2024, The Philadelphia Academies Inc reported a deficit of $85K with expenses exceeding revenue, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 30.5% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), The Philadelphia Academies Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.6% | +23.0% | -7.7% |
| 2023 | +7.0% | +17.2% | +70.2% |
| 2022 | +47.5% | +40.6% | +71.8% |
| 2021 | +22.1% | -13.4% | +7.7% |
| 2020 | -13.7% | -11.6% | +29.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Philadelphia Academies Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, The Philadelphia Academies Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.5%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's revenue and asset size, with no red flags identified in the available filings.
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 Philadelphia Academies Inc's IRS 990 filings:
- Revenue has shown a declining trend in recent years, from $3,563,800 in 2024 to $1,492,666 in 2017, which could impact future program delivery.
- Liabilities have fluctuated significantly, reaching a high of $876,237 in 2023, which warrants monitoring.
Strengths
The following positive indicators were identified for The Philadelphia Academies Inc:
- Consistently high percentage of expenses dedicated to program services (e.g., 80% in 2024) demonstrates a strong commitment to its mission.
- Healthy asset base of $2,441,786 in 2024 provides financial stability.
- The organization has maintained a positive net asset position over the past several years.
Frequently Asked Questions about The Philadelphia Academies Inc
Is The Philadelphia Academies Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Philadelphia Academies Inc (EIN: 222442433) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does The Philadelphia Academies Inc spend its money?
The Philadelphia Academies Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Philadelphia Academies Inc tax-deductible?
The Philadelphia Academies Inc is registered as a tax-exempt nonprofit (EIN: 222442433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Philadelphia Academies Inc's spending goes to programs?
The Philadelphia Academies Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Philadelphia Academies Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Philadelphia Academies Inc is above average for NTEE category B30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Philadelphia Academies Inc located?
The Philadelphia Academies Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222442433. It is classified under NTEE code B30Z.
How many years of IRS 990 filings does The Philadelphia Academies Inc have?
The Philadelphia Academies Inc has 14 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 $3.6M in total revenue.
What does The Philadelphia Academies Inc do?
The Philadelphia Academies Inc is a nonprofit organization in the Education sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code B30Z.
How much revenue does The Philadelphia Academies Inc have?
The Philadelphia Academies Inc reported total revenue of $3,563,800. Based on 14 IRS 990 filings on record.
What are The Philadelphia Academies Inc's total assets?
The Philadelphia Academies Inc holds total assets of $2,441,786 as reported in IRS 990 filings.
Where is The Philadelphia Academies Inc located?
The Philadelphia Academies Inc is based in Philadelphia, Pennsylvania.
What is The Philadelphia Academies Inc's EIN?
The Philadelphia Academies Inc's Employer Identification Number (EIN) is 222442433. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Philadelphia Academies Inc?
The Philadelphia Academies Inc is classified under NTEE code B30Z (Education).
Is The Philadelphia Academies Inc a registered 501(c)(3)?
Yes, The Philadelphia Academies Inc is recognized as a tax-exempt organization by the IRS. EIN: 222442433.
Does The Philadelphia Academies Inc file IRS Form 990?
Yes, The Philadelphia Academies Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was The Philadelphia Academies Inc's revenue in 2024?
In the 202406 filing period, The Philadelphia Academies Inc reported total revenue of $2,940,025, total expenses of $3,024,919, and net assets of $2,479,813.
Is The Philadelphia Academies Inc's revenue growing or declining?
The Philadelphia Academies Inc's revenue is relatively stable. Revenue went from $3,017,410 (202306) to $2,940,025 (202406), a -2.6% change. Based on 14 filings on record.
What is The Philadelphia Academies Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Philadelphia Academies Inc covers tax period 202406. It shows revenue of $2,940,025, expenses of $3,024,919, total assets of $2,479,813, and liabilities of $756,505.
How much does The Philadelphia Academies Inc spend on programs vs administration?
Based on IRS 990 analysis, The Philadelphia Academies Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is The Philadelphia Academies Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Philadelphia Academies Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for The Philadelphia Academies Inc?
The following concerns were identified: Revenue has shown a declining trend in recent years, from $3,563,800 in 2024 to $1,492,666 in 2017, which could impact future program delivery.. Liabilities have fluctuated significantly, reaching a high of $876,237 in 2023, which warrants monitoring.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Philadelphia Academies Inc's strengths?
Positive indicators for The Philadelphia Academies Inc include: Consistently high percentage of expenses dedicated to program services (e.g., 80% in 2024) demonstrates a strong commitment to its mission.. Healthy asset base of $2,441,786 in 2024 provides financial stability.. The organization has maintained a positive net asset position over the past several years.. These findings are derived from AI analysis of the organization's financial filings.
How does The Philadelphia Academies Inc compensate executives?
Executive compensation appears reasonable given the organization's revenue and asset size, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the recent decline in revenue impact the organization's long-term sustainability and ability to maintain its high program spending ratio?
While the organization has maintained a high program spending ratio, the consistent decline in revenue from $3,563,800 in 2024 to $1,492,666 in 2017 suggests a potential challenge in sustaining current program levels without new funding streams or strategic adjustments.
Filing History
IRS 990 filing history for The Philadelphia Academies Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Philadelphia Academies Inc's revenue has declined by 13.8%, moving from $3.4M to $2.9M. Total assets increased by 93.8% over the same period, from $1.3M to $2.5M. Total functional expenses fell by 11.7%, from $3.4M to $3.0M. In its most recent filing year (2024), The Philadelphia Academies Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $757K in liabilities against $2.5M in assets (debt-to-asset ratio: 30.5%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.9M | $3.0M | $2.5M | $757K | — | View 990 |
| 2023 | $3.0M | $2.5M | $2.7M | $876K | — | View 990 |
| 2022 | $2.8M | $2.1M | $1.6M | $331K | — | View 990 |
| 2021 | $1.9M | $1.5M | $919K | $395K | — | View 990 |
| 2020 | $1.6M | $1.7M | $853K | $749K | — | View 990 |
| 2019 | $1.8M | $1.9M | $657K | $397K | — | View 990 |
| 2018 | $1.7M | $2.0M | $679K | $284K | — | View 990 |
| 2017 | $1.5M | $2.4M | $1.0M | $336K | — | View 990 |
| 2016 | $3.1M | $3.2M | $2.0M | $421K | — | View 990 |
| 2015 | $2.5M | $3.4M | $2.2M | $452K | — | View 990 |
| 2014 | $3.2M | $3.3M | $2.9M | $291K | — | View 990 |
| 2013 | $5.1M | $3.6M | $3.0M | $416K | — | View 990 |
| 2012 | $3.4M | $3.3M | $1.4M | $365K | — | View 990 |
| 2011 | $3.4M | $3.4M | $1.3M | $304K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.9M, expenses of $3.0M, and assets of $2.5M (revenue -2.6% year-over-year).
- 2023: Revenue of $3.0M, expenses of $2.5M, and assets of $2.7M (revenue +7.0% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.1M, and assets of $1.6M (revenue +47.5% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.5M, and assets of $919K (revenue +22.1% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $853K (revenue -13.7% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.9M, and assets of $657K (revenue +8.1% year-over-year).
- 2018: Revenue of $1.7M, expenses of $2.0M, and assets of $679K (revenue +12.4% year-over-year).
- 2017: Revenue of $1.5M, expenses of $2.4M, and assets of $1.0M (revenue -51.5% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.2M, and assets of $2.0M (revenue +23.3% year-over-year).
- 2015: Revenue of $2.5M, expenses of $3.4M, and assets of $2.2M (revenue -23.1% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.3M, and assets of $2.9M (revenue -36.1% year-over-year).
- 2013: Revenue of $5.1M, expenses of $3.6M, and assets of $3.0M (revenue +51.0% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.3M, and assets of $1.4M (revenue -1.3% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.4M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Philadelphia Academies Inc:
Data Sources and Methodology
This transparency report for The Philadelphia Academies 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.