Village Academies Inc
Village Academies Inc. faces recent operating deficits despite substantial assets and no reported officer compensation.
EIN: 134186070 · New York, NY · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.5M |
| Total Expenses | $9.9M |
| Program Spending | 80% |
| Net Assets | $42.0M |
| Transparency Score | 75/100 |
Is Village Academies Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Village Academies Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Village Academies Inc
Village Academies Inc (EIN: 134186070) is a nonprofit organization based in New York, NY, classified under NTEE code B99. The organization reported total revenue of $17.5M and total assets of $53.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Village Academies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Village Academies Inc is a large nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.1M |
| Total Expenses | $9.9M |
| Surplus / Deficit | $-2,798,732 |
| Total Assets | $54.8M |
| Total Liabilities | $12.7M |
| Net Assets | $42.0M |
| Operating Margin | -39.5% |
| Debt-to-Asset Ratio | 23.2% |
| Months of Reserves | 66.5 months |
Financial Health Grade: B
In 2023, Village Academies Inc reported a deficit of $2.8M with expenses exceeding revenue, holds 66.5 months of operating reserves (strong position), has a debt-to-asset ratio of 23.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Village Academies Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.0% | +78.6% | -5.4% |
| 2022 | -55.0% | +24.4% | -2.5% |
| 2021 | +144.1% | -9.6% | +6.7% |
| 2020 | -27.2% | -19.6% | -1.0% |
| 2019 | -14.9% | -13.9% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Village 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Village Academies Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $2.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.2%.
Executive Compensation Analysis
Village Academies Inc. consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership model or that executive salaries are categorized differently, which enhances transparency regarding direct officer pay.
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 Village Academies Inc's IRS 990 filings:
- Consistent operating deficits in recent fiscal years (e.g., 202306, 202206)
- Significant fluctuation in annual revenue, making financial planning potentially challenging (e.g., $10.3M in 202106 vs. $4.6M in 202206)
Strengths
The following positive indicators were identified for Village Academies Inc:
- Strong asset base, consistently above $50 million, providing financial stability.
- No reported officer compensation, indicating potential for lower administrative overhead or volunteer leadership.
- Decreasing trend in liabilities from $20.3M in 201506 to $12.7M in 202306.
Frequently Asked Questions about Village Academies Inc
Is Village Academies Inc a legitimate charity?
Village Academies Inc (EIN: 134186070) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $17.5M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Village Academies Inc spend its money?
Village Academies Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Village Academies Inc tax-deductible?
Village Academies Inc is registered as a tax-exempt nonprofit (EIN: 134186070). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Village Academies Inc's spending goes to programs?
Village Academies Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Village Academies Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Village Academies Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Village Academies Inc located?
Village Academies Inc is headquartered in New York, New York and files with the IRS under EIN 134186070. It is classified under NTEE code B99.
How many years of IRS 990 filings does Village Academies Inc have?
Village Academies 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 $17.5M in total revenue.
Is Village Academies Inc. financially sustainable given recent operating deficits?
The organization has reported expenses exceeding revenue in several recent periods (e.g., 202306 and 202206). While it possesses significant assets ($53,780,065), sustained deficits could impact long-term financial health if not addressed.
How does Village Academies Inc. fund its operations without reported officer compensation?
The consistent reporting of 0% officer compensation suggests that either the leadership is entirely volunteer-based, or executive salaries are included within other expense categories, which would require further detail to fully understand.
What is the primary use of Village Academies Inc.'s substantial assets?
With assets consistently above $50 million, understanding how these assets are deployed to support its educational mission (NTEE B99) is crucial for assessing its programmatic efficiency and impact.
Filing History
IRS 990 filing history for Village Academies Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Village Academies Inc's revenue has grown by 83%, moving from $3.9M to $7.1M. Total assets increased by 132.3% over the same period, from $23.6M to $54.8M. Total functional expenses rose by 202.6%, from $3.3M to $9.9M. In its most recent filing year (2023), Village Academies Inc reported a deficit of $2.8M, with expenses exceeding revenue. The organization holds $12.7M in liabilities against $54.8M in assets (debt-to-asset ratio: 23.2%), resulting in net assets of $42.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.1M | $9.9M | $54.8M | $12.7M | — | View 990 |
| 2022 | $4.7M | $5.5M | $57.9M | $13.1M | — | View 990 |
| 2021 | $10.3M | $4.4M | $59.4M | $13.2M | — | — |
| 2020 | $4.2M | $4.9M | $55.6M | $15.4M | — | — |
| 2019 | $5.8M | $6.1M | $56.2M | $15.3M | — | View 990 |
| 2018 | $6.8M | $7.1M | $57.2M | $15.9M | — | View 990 |
| 2017 | $5.8M | $5.6M | $60.7M | $19.2M | — | View 990 |
| 2016 | $5.9M | $7.6M | $60.6M | $19.2M | — | View 990 |
| 2015 | $8.8M | $8.7M | $63.3M | $20.3M | — | View 990 |
| 2014 | $7.9M | $7.5M | $61.4M | $18.5M | — | View 990 |
| 2013 | $15.2M | $4.7M | $62.2M | $19.7M | — | View 990 |
| 2012 | $15.4M | $4.1M | $40.4M | $8.4M | — | View 990 |
| 2011 | $3.9M | $3.3M | $23.6M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.1M, expenses of $9.9M, and assets of $54.8M (revenue +52.0% year-over-year).
- 2022: Revenue of $4.7M, expenses of $5.5M, and assets of $57.9M (revenue -55.0% year-over-year).
- 2021: Revenue of $10.3M, expenses of $4.4M, and assets of $59.4M (revenue +144.1% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.9M, and assets of $55.6M (revenue -27.2% year-over-year).
- 2019: Revenue of $5.8M, expenses of $6.1M, and assets of $56.2M (revenue -14.9% year-over-year).
- 2018: Revenue of $6.8M, expenses of $7.1M, and assets of $57.2M (revenue +18.6% year-over-year).
- 2017: Revenue of $5.8M, expenses of $5.6M, and assets of $60.7M (revenue -2.6% year-over-year).
- 2016: Revenue of $5.9M, expenses of $7.6M, and assets of $60.6M (revenue -33.0% year-over-year).
- 2015: Revenue of $8.8M, expenses of $8.7M, and assets of $63.3M (revenue +12.3% year-over-year).
- 2014: Revenue of $7.9M, expenses of $7.5M, and assets of $61.4M (revenue -48.3% year-over-year).
- 2013: Revenue of $15.2M, expenses of $4.7M, and assets of $62.2M (revenue -1.0% year-over-year).
- 2012: Revenue of $15.4M, expenses of $4.1M, and assets of $40.4M (revenue +296.9% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.3M, and assets of $23.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Village Academies Inc:
Data Sources and Methodology
This transparency report for Village 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.