AI Transparency Report
Brooklyn Youth Chorus Academy Inc. demonstrates a consistent operational pattern, with expenses frequently exceeding revenue in recent years. For instance, in fiscal year 2023, expenses were $2,388,219 against revenues of $1,956,057, indicating a deficit. This trend is also visible in 2021 ($1,761,187 expenses vs. $1,486,851 revenue) and 2020 ($2,209,446 expenses vs. $1,920,233 revenue). While the organization has maintained a healthy asset base, ranging from $3.3 million to $4.4 million over the past decade, the recurring operational deficits suggest a reliance on prior reserves or other funding mechanisms to cover shortfalls. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, and the reported 0% officer compensation, which is a strong indicator of financial integrity regarding executive pay.