Quick charity verification for Brooklyn Institute Of Arts And Sciences (EIN: 111672743)
Verdict: Brooklyn Institute Of Arts And Sciences appears trustworthy
85/100Mission Score
$122.0MRevenue
$392.1MAssets
3Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported on 990s for a large organization, which is highly unusual and lacks transparency regarding executive remuneration.
Significant operating deficit in the most recent filing (202306), with expenses exceeding revenue by over $11 million.
Substantial year-over-year revenue volatility, with revenue dropping from $88.9M in 202206 to $50.9M in 202306.
Low liabilities relative to assets, with liabilities at $39,185,211 against assets of $378,108,247 in 202306, demonstrating a healthy balance sheet.
History of significant revenue generation, with peak revenue of $121,978,815 in the latest available data and $88,940,575 in 202206.
Consistent positive net assets, indicating long-term financial health and capacity.
Spending Breakdown
How Brooklyn Institute Of Arts And Sciences allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Brooklyn Institute Of Arts And Sciences
Is Brooklyn Institute Of Arts And Sciences a legitimate charity?
Based on AI analysis of IRS 990 filings, Brooklyn Institute Of Arts And Sciences (EIN: 111672743) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
Is Brooklyn Institute Of Arts And Sciences a good charity to donate to?
Brooklyn Institute Of Arts And Sciences has a Mission Score of 85/100. Revenue: $122.0M. Assets: $392.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brooklyn Institute Of Arts And Sciences?
The Employer Identification Number (EIN) for Brooklyn Institute Of Arts And Sciences is 111672743. 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 Brooklyn Institute Of Arts And Sciences spend its money?
Brooklyn Institute Of Arts And Sciences allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brooklyn Institute Of Arts And Sciences's tax-exempt status?
You can verify Brooklyn Institute Of Arts And Sciences's tax-exempt status using EIN 111672743 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
The Brooklyn Institute Of Arts And Sciences demonstrates a fluctuating but generally strong financial position, with assets consistently exceeding liabilities. In the latest available filing (202306), the organization reported $378,108,247 in assets against $39,185,211 in liabilities, indicating robust financial stability. However, the 202306 period also showed expenses ($62,116,214) exceeding revenue ($50,937,193), resulting in a deficit for that year. This contrasts with the prior two periods (202206 and 202106) where revenue significantly outpaced expenses, suggesting variability in annual financial performance.
Spending efficiency appears to be a strength, as the organization consistently reports 0% officer compensation, which is highly unusual for an organization of its size and asset base. This suggests that executive leadership may be compensated through other means not categorized as 'officer compensation' on the 990, or that the organization relies heavily on volunteer leadership, which would be exceptional. Without detailed functional expense breakdowns, a precise assessment of program versus administrative spending is challenging, but the absence of officer compensation is a notable point for transparency.
Overall, the organization's financial health is solid due to its substantial asset base. While there was a deficit in the most recent year, this follows periods of significant surpluses. The lack of reported officer compensation on the 990s is a unique aspect that warrants further investigation for a complete understanding of its transparency practices.