Titusville Academy Inc
Titusville Academy Inc: Strong Program Spending, but Transparency Lacking
EIN: 222896543 · Titusville, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $4.9M |
| Program Spending | 97% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Titusville Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Titusville Academy Inc directs 97% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Titusville Academy Inc
Titusville Academy Inc (EIN: 222896543) is a nonprofit organization based in Titusville, NJ. The organization reported total revenue of $5.2M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Titusville Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Titusville Academy Inc is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$137K |
| Total Assets | $2.1M |
| Total Liabilities | $741K |
| Net Assets | $1.3M |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 35.8% |
| Months of Reserves | 5.1 months |
Financial Health Grade: A
In 2024, Titusville Academy Inc reported a surplus of $137K with revenue exceeding expenses, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 35.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Titusville Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -1.9% | -1.3% | +64.5% |
| 2023 | +7.7% | +6.8% | +10.3% |
| 2022 | -0.4% | +0.5% | +11.0% |
| 2021 | -0.1% | -0.9% | -28.4% |
| 2020 | -6.9% | -9.2% | -7.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Titusville Academy 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: 2%
- programs: 97%
- fundraising: 1%
According to IRS 990 filings, Titusville Academy Inc allocates its expenses as follows: admin: 2%, programs: 97%, fundraising: 1%. With 97% 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 surplus of $137K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives were provided in the available data.
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 Titusville Academy Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
- No information on executive compensation.
- No details on specific programs or impact metrics.
Strengths
The following positive indicators were identified for Titusville Academy Inc:
- Consistently high revenue generation over the past several years.
- Positive net assets, indicating financial stability.
- Low liabilities relative to assets, suggesting good financial health.
Frequently Asked Questions about Titusville Academy Inc
Is Titusville Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Titusville Academy Inc (EIN: 222896543) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Titusville Academy Inc spend its money?
Titusville Academy Inc directs 97% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Titusville Academy Inc tax-deductible?
Titusville Academy Inc is registered as a tax-exempt nonprofit (EIN: 222896543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Titusville Academy Inc's spending goes to programs?
Titusville Academy Inc directs 97% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Titusville Academy Inc located?
Titusville Academy Inc is headquartered in Titusville, New Jersey and files with the IRS under EIN 222896543.
How many years of IRS 990 filings does Titusville Academy Inc have?
Titusville Academy 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 $5.2M in total revenue.
What does Titusville Academy Inc do?
Titusville Academy Inc is a nonprofit organization in the Unknown sector, located in Titusville, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Titusville Academy Inc have?
Titusville Academy Inc reported total revenue of $5,160,190. Based on 13 IRS 990 filings on record.
What are Titusville Academy Inc's total assets?
Titusville Academy Inc holds total assets of $2,287,443 as reported in IRS 990 filings.
Where is Titusville Academy Inc located?
Titusville Academy Inc is based in Titusville, New Jersey.
What is Titusville Academy Inc's EIN?
Titusville Academy Inc's Employer Identification Number (EIN) is 222896543. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Titusville Academy Inc?
Titusville Academy Inc is classified under NTEE code Unknown (Unknown).
Is Titusville Academy Inc a registered 501(c)(3)?
Titusville Academy Inc appears in IRS records (EIN: 222896543). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Titusville Academy Inc file IRS Form 990?
Yes, Titusville Academy Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Titusville Academy Inc's revenue in 2024?
In the 202406 filing period, Titusville Academy Inc reported total revenue of $5,001,001, total expenses of $4,864,168, and net assets of $2,071,210.
Is Titusville Academy Inc's revenue growing or declining?
Titusville Academy Inc's revenue is relatively stable. Revenue went from $5,096,496 (202306) to $5,001,001 (202406), a -1.9% change. Based on 13 filings on record.
What is Titusville Academy Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Titusville Academy Inc covers tax period 202406. It shows revenue of $5,001,001, expenses of $4,864,168, total assets of $2,071,210, and liabilities of $741,438.
How much does Titusville Academy Inc spend on programs vs administration?
Based on IRS 990 analysis, Titusville Academy Inc allocates approximately 97% of expenses to program services, 2% to administrative costs, and 1% to fundraising. This indicates strong program focus.
Is Titusville Academy Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Titusville Academy Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Titusville Academy Inc?
The following concerns were identified: Lack of detailed expense breakdown (program, admin, fundraising) in provided data.. No information on executive compensation.. No details on specific programs or impact metrics.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Titusville Academy Inc's strengths?
Positive indicators for Titusville Academy Inc include: Consistently high revenue generation over the past several years.. Positive net assets, indicating financial stability.. Low liabilities relative to assets, suggesting good financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Titusville Academy Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives were provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the high 'x' (expenses) relative to 'r' (revenue) in most years, what are the primary drivers of these expenses, and how do they align with the organization's mission?
Without a detailed breakdown of expenses, it's challenging to pinpoint the exact drivers. However, assuming the majority of expenses are program-related, it suggests significant investment in their core activities. For example, in 2024, expenses were $4,864,168 against revenues of $5,001,001, indicating a high operational cost relative to income.
How does Titusville Academy Inc. manage its liabilities, which have fluctuated significantly, such as the jump from $65,801 in 2023 to $741,438 in 2024?
The significant increase in liabilities from $65,801 in 2023 to $741,438 in 2024 warrants further investigation. This could be due to various factors such as new debt, deferred revenue, or increased accounts payable. Understanding the nature of this increase is crucial for assessing long-term financial risk.
Filing History
IRS 990 filing history for Titusville Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Titusville Academy Inc's revenue has grown by 116%, moving from $2.3M to $5.0M. Total assets increased by 430% over the same period, from $391K to $2.1M. Total functional expenses rose by 112.6%, from $2.3M to $4.9M. In its most recent filing year (2024), Titusville Academy Inc reported a surplus of $137K, with revenue exceeding expenses. The organization holds $741K in liabilities against $2.1M in assets (debt-to-asset ratio: 35.8%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $5.0M | $4.9M | $2.1M | $741K | — | View 990 |
| 2023 | $5.1M | $4.9M | $1.3M | $66K | — | View 990 |
| 2022 | $4.7M | $4.6M | $1.1M | $116K | — | View 990 |
| 2021 | $4.8M | $4.6M | $1.0M | $92K | — | View 990 |
| 2020 | $4.8M | $4.6M | $1.4M | $655K | — | View 990 |
| 2019 | $5.1M | $5.1M | $1.5M | $895K | — | View 990 |
| 2018 | $5.1M | $5.0M | $1.2M | $609K | — | View 990 |
| 2017 | $4.9M | $4.8M | $1.3M | $774K | — | View 990 |
| 2016 | $3.6M | $3.7M | $1.4M | $978K | — | View 990 |
| 2015 | $4.3M | $4.3M | $1.4M | $869K | — | View 990 |
| 2014 | $3.7M | $3.6M | $1.3M | $816K | — | View 990 |
| 2013 | $2.7M | $2.6M | $443K | $73K | — | View 990 |
| 2012 | $2.3M | $2.3M | $391K | $85K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $5.0M, expenses of $4.9M, and assets of $2.1M (revenue -1.9% year-over-year).
- 2023: Revenue of $5.1M, expenses of $4.9M, and assets of $1.3M (revenue +7.7% year-over-year).
- 2022: Revenue of $4.7M, expenses of $4.6M, and assets of $1.1M (revenue -0.4% year-over-year).
- 2021: Revenue of $4.8M, expenses of $4.6M, and assets of $1.0M (revenue -0.1% year-over-year).
- 2020: Revenue of $4.8M, expenses of $4.6M, and assets of $1.4M (revenue -6.9% year-over-year).
- 2019: Revenue of $5.1M, expenses of $5.1M, and assets of $1.5M (revenue -0.1% year-over-year).
- 2018: Revenue of $5.1M, expenses of $5.0M, and assets of $1.2M (revenue +4.9% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.8M, and assets of $1.3M (revenue +34.5% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.7M, and assets of $1.4M (revenue -16.0% year-over-year).
- 2015: Revenue of $4.3M, expenses of $4.3M, and assets of $1.4M (revenue +15.5% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.6M, and assets of $1.3M (revenue +40.5% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.6M, and assets of $443K (revenue +15.1% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.3M, and assets of $391K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Titusville Academy Inc:
Data Sources and Methodology
This transparency report for Titusville Academy 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.