Is Keio Academy Of New York Legit?

Keio Academy Of New York demonstrates a consistent operational pattern, with revenues generally tracking expenses over the past decade. While the organization reported a deficit in recent years (e.g., $12.4M revenue vs. $14.3M expenses in 202306), its substantial asset base of over $57 million provides a strong financial cushion. The academy's NTEE code B250 indicates a focus on elementary/secondary education, aligning with its mission. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its educational programs rather than executive salaries, which is a positive indicator of financial stewardship and transparency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The organization's assets have shown a slight decline from a peak of $66.5 million in 201906 to $57.5 million currently, while liabilities have remained relatively stable. This trend, coupled with recent operating deficits, warrants attention to ensure long-term financial sustainability. The consistent filing of IRS 990 forms over 13 periods indicates good compliance and transparency in reporting financial data to the public.