Woodlawn Community Academy Inc
Woodlawn Community Academy Inc. shows consistent operations but experienced a deficit in 2023 with declining assets.
EIN: 141873843 · Clearwater, FL · NTEE: B25 · Updated: 2026-03-28
Is Woodlawn Community Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woodlawn Community Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woodlawn Community Academy Inc
Woodlawn Community Academy Inc (EIN: 141873843) is a nonprofit organization based in Clearwater, FL, classified under NTEE code B25. The organization reported total revenue of $4.3M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodlawn Community Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodlawn Community Academy Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-497,886 |
| Total Assets | $2.4M |
| Total Liabilities | $1.8M |
| Net Assets | $573K |
| Operating Margin | -37.6% |
| Debt-to-Asset Ratio | 76.2% |
| Months of Reserves | 15.9 months |
Financial Health Grade: C
In 2023, Woodlawn Community Academy Inc reported a deficit of $498K with expenses exceeding revenue, holds 15.9 months of operating reserves (strong position), has a debt-to-asset ratio of 76.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Woodlawn Community Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.2% | +15.5% | -13.2% |
| 2022 | +14.2% | -3.8% | +3.4% |
| 2021 | -9.8% | +5.4% | -0.2% |
| 2020 | +0.5% | -5.2% | +2.6% |
| 2019 | +5.7% | +9.8% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Woodlawn Community 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Woodlawn Community Academy 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 deficit of $498K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, or trustees. This is a highly positive sign for a nonprofit of its size, suggesting a strong commitment to mission-focused spending and potentially a volunteer leadership model.
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 Woodlawn Community Academy Inc's IRS 990 filings:
- Significant deficit in the latest filing (2023: Expenses $1,820,446 vs. Revenue $1,322,560)
- Decrease in total assets from $2,775,395 in 2022 to $2,409,592 in 2023
- Substantial liabilities ($1,836,813 in 2023) relative to assets, indicating potential reliance on debt.
Strengths
The following positive indicators were identified for Woodlawn Community Academy Inc:
- Consistent 0% officer compensation across all filings, indicating strong financial stewardship and mission focus.
- Generally stable revenue generation over many years, typically exceeding $1.5 million annually.
- Clear alignment between organization name and NTEE code (B25 - Elementary & Secondary Education), suggesting a focused mission.
- Long history of IRS 990 filings (14 filings), demonstrating transparency and consistent reporting.
Frequently Asked Questions about Woodlawn Community Academy Inc
Is Woodlawn Community Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Woodlawn Community Academy Inc (EIN: 141873843) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Woodlawn Community Academy Inc spend its money?
Woodlawn Community Academy Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Woodlawn Community Academy Inc tax-deductible?
Woodlawn Community Academy Inc is registered as a tax-exempt nonprofit (EIN: 141873843). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Woodlawn Community Academy Inc. a good charity?
Based on the available data, Woodlawn Community Academy Inc. appears to be a good charity, particularly due to its consistent 0% officer compensation, indicating a strong commitment to program spending. While the 2023 deficit is a concern, its long-term financial history shows generally stable operations.
What caused the significant decrease in assets from $2,775,395 in 2022 to $2,409,592 in 2023?
The provided data does not specify the exact cause for the asset decrease. It could be due to asset depreciation, sale of assets, or increased liabilities. Further investigation into the detailed financial statements would be needed to understand this change.
How does the 2023 deficit of $497,886 (Expenses $1,820,446 - Revenue $1,322,560) impact the organization's long-term sustainability?
A single year's deficit, while concerning, does not necessarily indicate long-term unsustainability, especially given the organization's historical financial stability. However, if this trend continues, it could deplete reserves and impact future operations. It warrants close monitoring in subsequent filings.
Filing History
IRS 990 filing history for Woodlawn Community Academy Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Woodlawn Community Academy Inc's revenue has grown by 123.9%, moving from $591K to $1.3M. Total assets increased by 2546.3% over the same period, from $91K to $2.4M. Total functional expenses rose by 188.7%, from $631K to $1.8M. In its most recent filing year (2023), Woodlawn Community Academy Inc reported a deficit of $498K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $2.4M in assets (debt-to-asset ratio: 76.2%), resulting in net assets of $573K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.8M | $2.4M | $1.8M | — | — |
| 2022 | $1.7M | $1.6M | $2.8M | $1.7M | — | View 990 |
| 2021 | $1.5M | $1.6M | $2.7M | $2.0M | — | View 990 |
| 2020 | $1.7M | $1.6M | $2.7M | $1.9M | — | View 990 |
| 2019 | $1.7M | $1.6M | $2.6M | $1.9M | — | View 990 |
| 2018 | $1.6M | $1.5M | $2.6M | $2.0M | — | View 990 |
| 2017 | $1.5M | $1.4M | $2.6M | $2.0M | — | View 990 |
| 2016 | $1.3M | $1.2M | $2.5M | $2.1M | — | View 990 |
| 2015 | $1.2M | $1.0M | $2.2M | $1.9M | — | View 990 |
| 2014 | $922K | $969K | $2.1M | $2.1M | — | View 990 |
| 2013 | $884K | $841K | $128K | $0 | — | View 990 |
| 2012 | $811K | $790K | $84K | $0 | — | View 990 |
| 2011 | $739K | $773K | $51K | $43K | — | View 990 |
| 2010 | $591K | $631K | $91K | $48K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.8M, and assets of $2.4M (revenue -24.2% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.6M, and assets of $2.8M (revenue +14.2% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.6M, and assets of $2.7M (revenue -9.8% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $2.7M (revenue +0.5% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.6M, and assets of $2.6M (revenue +5.7% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $2.6M (revenue +4.5% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $2.6M (revenue +18.3% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $2.5M (revenue +3.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.0M, and assets of $2.2M (revenue +35.5% year-over-year).
- 2014: Revenue of $922K, expenses of $969K, and assets of $2.1M (revenue +4.3% year-over-year).
- 2013: Revenue of $884K, expenses of $841K, and assets of $128K (revenue +9.0% year-over-year).
- 2012: Revenue of $811K, expenses of $790K, and assets of $84K (revenue +9.8% year-over-year).
- 2011: Revenue of $739K, expenses of $773K, and assets of $51K (revenue +25.1% year-over-year).
- 2010: Revenue of $591K, expenses of $631K, and assets of $91K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodlawn Community Academy Inc:
Data Sources and Methodology
This transparency report for Woodlawn Community 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.