Quick charity verification for Bank Street College Of Education (EIN: 135562167)
Verdict: Bank Street College Of Education appears trustworthy
75/100Mission Score
$96.7MRevenue
$99.7MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported in summaries, which is unusual for an organization of this scale and warrants further investigation into full 990 filings.
Significant deficit of over $9 million in the 202206 filing period, where expenses exceeded revenue.
Strengths
Strong asset base, consistently exceeding liabilities over the past decade (e.g., $88,772,006 assets vs. $39,968,170 liabilities in 202206).
Long operating history with 12 filings, indicating stability and established operations.
Overall revenue growth from $58,370,275 in 201306 to a latest reported $96,720,797, demonstrating financial expansion.
Mission-focused NTEE code (B500 - Education) aligns with the organization's name and suggests a clear programmatic purpose.
Spending Breakdown
How Bank Street College Of Education allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bank Street College Of Education
Is Bank Street College Of Education a legitimate charity?
Based on AI analysis of IRS 990 filings, Bank Street College Of Education (EIN: 135562167) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Bank Street College Of Education a good charity to donate to?
Bank Street College Of Education has a Mission Score of 75/100. Revenue: $96.7M. Assets: $99.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bank Street College Of Education?
The Employer Identification Number (EIN) for Bank Street College Of Education is 135562167. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bank Street College Of Education spend its money?
Bank Street College Of Education allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bank Street College Of Education's tax-exempt status?
You can verify Bank Street College Of Education's tax-exempt status using EIN 135562167 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Bank Street College Of Education demonstrates a generally stable financial position, with assets consistently exceeding liabilities over the past decade. While the latest reported revenue is $96,720,797, the most recent detailed filing (202206) shows revenue of $68,730,517 against expenses of $77,765,814, indicating a deficit for that period. This suggests that while overall revenue has grown, the organization experienced a year where expenses outpaced income, drawing down on reserves or other funding sources. The organization's assets have fluctuated, reaching a high of $101,176,489 in 202106 before decreasing to $88,772,006 in 202206, but remain robust relative to liabilities.
The organization's spending efficiency appears to be focused on its mission, given the NTEE code B500 (Education). Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise efficiency assessment is challenging. However, the consistent operation and growth in revenue over time suggest a functional operational model. The consistent reporting of 0% officer compensation in the provided data points to a potential area of transparency, though it's unusual for an organization of this size not to report any compensation for its officers, which warrants further investigation into how executive compensation is structured and reported.
Overall, Bank Street College Of Education appears to be a financially sound institution with a long operating history. The recent deficit in 202206 is a point to monitor, but it does not immediately suggest severe financial distress given the overall asset base. The lack of reported officer compensation in the provided summaries is a notable aspect regarding transparency that could benefit from clarification.