Wizard Academy
Wizard Academy maintains stable assets and zero officer compensation despite recent operating deficits.
EIN: 201437374 · Austin, TX · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $3.1M |
| Transparency Score | 85/100 |
Is Wizard Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wizard Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wizard Academy
Wizard Academy (EIN: 201437374) is a nonprofit organization based in Austin, TX, classified under NTEE code B99. The organization reported total revenue of $1.4M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wizard Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wizard Academy is a mid-size 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 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-92,463 |
| Total Assets | $3.2M |
| Total Liabilities | $15K |
| Net Assets | $3.1M |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 23.7 months |
Financial Health Grade: B
In 2023, Wizard Academy reported a deficit of $92K with expenses exceeding revenue, holds 23.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wizard Academy's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.7% | +14.5% | -2.5% |
| 2022 | +11.2% | +36.7% | -4.0% |
| 2021 | -20.0% | +12.3% | -4.4% |
| 2020 | +32.8% | +4.7% | +4.7% |
| 2019 | -23.2% | -13.5% | -1.2% |
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 Wizard Academy 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Wizard Academy 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 $92K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Wizard Academy consistently reports 0% officer compensation across all 13 available filings, including the latest period in 2023. This indicates a strong commitment to directing resources away from executive salaries and towards the organization's mission, which is highly favorable for a nonprofit of its size with annual revenues exceeding $1 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 Wizard Academy's IRS 990 filings:
- Operating deficits in recent years (e.g., 2023 expenses exceeded revenue by $92,463; 2022 expenses exceeded revenue by $410,268)
- Fluctuating revenue streams, making financial forecasting potentially challenging
Strengths
The following positive indicators were identified for Wizard Academy:
- Consistent reporting of 0% officer compensation across all filings, indicating high transparency and efficient use of funds for mission-related activities.
- Stable and substantial asset base, consistently over $3 million, providing financial resilience.
- Very low liabilities, such as $15,150 in 2023, indicating minimal debt burden.
- Long filing history (13 filings) demonstrating consistent compliance and operational longevity.
Frequently Asked Questions about Wizard Academy
Is Wizard Academy a legitimate charity?
Wizard Academy (EIN: 201437374) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Wizard Academy spend its money?
Wizard Academy directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wizard Academy tax-deductible?
Wizard Academy is registered as a tax-exempt nonprofit (EIN: 201437374). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wizard Academy CEO make?
Wizard Academy's highest-compensated officer earns $1 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wizard Academy's spending goes to programs?
Wizard Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wizard Academy compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wizard Academy 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 Wizard Academy located?
Wizard Academy is headquartered in Austin, Texas and files with the IRS under EIN 201437374. It is classified under NTEE code B99.
How many years of IRS 990 filings does Wizard Academy have?
Wizard Academy 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 $1.4M in total revenue.
Is Wizard Academy financially stable?
Yes, Wizard Academy appears financially stable due to its consistent asset base, which has remained above $3 million, reaching $3,162,442 in 2023. While it has experienced operating deficits in recent years (e.g., $1,598,224 expenses vs. $1,505,761 revenue in 2023), its low liabilities ($15,150 in 2023) and substantial assets provide a strong buffer.
Does Wizard Academy pay its officers?
No, Wizard Academy consistently reports 0% officer compensation in all available IRS 990 filings, including the most recent period ending 202312. This indicates that no compensation is paid to its officers.
What is Wizard Academy's revenue trend?
Wizard Academy's revenue has fluctuated over the years, with a notable increase to $1,505,761 in 2023 from $985,957 in 2022. However, it has also seen periods of lower revenue, such as $599,014 in 2014, demonstrating variability in its income streams.
Are Wizard Academy's expenses under control?
While expenses have generally increased in line with revenue growth, they have exceeded revenue in several recent periods, such as 2023 ($1,598,224 expenses vs. $1,505,761 revenue) and 2022 ($1,396,225 expenses vs. $985,957 revenue). This suggests that while not out of control, expense management relative to income generation warrants close attention to avoid sustained deficits.
Filing History
IRS 990 filing history for Wizard Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wizard Academy's revenue has grown by 96%, moving from $768K to $1.5M. Total assets decreased by 8.1% over the same period, from $3.4M to $3.2M. Total functional expenses rose by 148.1%, from $644K to $1.6M. In its most recent filing year (2023), Wizard Academy reported a deficit of $92K, with expenses exceeding revenue. The organization holds $15K in liabilities against $3.2M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $3.2M | $15K | — | — |
| 2022 | $986K | $1.4M | $3.2M | $8K | — | View 990 |
| 2021 | $886K | $1.0M | $3.4M | $13K | — | View 990 |
| 2020 | $1.1M | $909K | $3.5M | $8K | — | — |
| 2019 | $834K | $868K | $3.4M | $0 | — | View 990 |
| 2018 | $1.1M | $1.0M | $3.4M | $7K | — | View 990 |
| 2017 | $1.1M | $1.0M | $3.3M | $10K | — | View 990 |
| 2016 | $822K | $772K | $3.2M | $8K | — | View 990 |
| 2015 | $845K | $871K | $3.2M | $59K | — | View 990 |
| 2014 | $599K | $761K | $3.3M | $61K | — | View 990 |
| 2013 | $630K | $642K | $3.4M | $30K | — | View 990 |
| 2012 | $458K | $494K | $3.4M | $20K | — | View 990 |
| 2011 | $768K | $644K | $3.4M | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.6M, and assets of $3.2M (revenue +52.7% year-over-year).
- 2022: Revenue of $986K, expenses of $1.4M, and assets of $3.2M (revenue +11.2% year-over-year).
- 2021: Revenue of $886K, expenses of $1.0M, and assets of $3.4M (revenue -20.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $909K, and assets of $3.5M (revenue +32.8% year-over-year).
- 2019: Revenue of $834K, expenses of $868K, and assets of $3.4M (revenue -23.2% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $3.4M (revenue -1.4% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $3.3M (revenue +34.1% year-over-year).
- 2016: Revenue of $822K, expenses of $772K, and assets of $3.2M (revenue -2.7% year-over-year).
- 2015: Revenue of $845K, expenses of $871K, and assets of $3.2M (revenue +41.0% year-over-year).
- 2014: Revenue of $599K, expenses of $761K, and assets of $3.3M (revenue -4.9% year-over-year).
- 2013: Revenue of $630K, expenses of $642K, and assets of $3.4M (revenue +37.5% year-over-year).
- 2012: Revenue of $458K, expenses of $494K, and assets of $3.4M (revenue -40.4% year-over-year).
- 2011: Revenue of $768K, expenses of $644K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wizard Academy:
Data Sources and Methodology
This transparency report for Wizard Academy 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.