Is Luria Academy Of Brooklyn Legit?

Quick charity verification for Luria Academy Of Brooklyn (EIN: 142005770)

Verdict: Luria Academy Of Brooklyn shows mixed signals

65/100Mission Score

$16.1MRevenue

$47.1MAssets

3Red Flags

3Strengths

Red Flags

Consistent operational deficits (e.g., $1.2M deficit in 202308)
Liabilities frequently exceed assets (e.g., $48.6M liabilities vs. $47.3M assets in 202308)
0% reported officer compensation for a large organization, which is atypical and lacks transparency regarding leadership remuneration.

Strengths

Significant growth in revenue over the past decade (from $2.7M in 201508 to $13.4M in 202308), indicating strong fundraising and community support.
Substantial asset growth, suggesting successful capital campaigns and investment in infrastructure.
Consistent filing history, indicating compliance with IRS reporting requirements.

Spending Breakdown

How Luria Academy Of Brooklyn allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Luria Academy Of Brooklyn

Is Luria Academy Of Brooklyn a legitimate charity?

Based on AI analysis of IRS 990 filings, Luria Academy Of Brooklyn (EIN: 142005770) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.

Is Luria Academy Of Brooklyn a good charity to donate to?

Luria Academy Of Brooklyn has a Mission Score of 65/100. Revenue: $16.1M. Assets: $47.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Luria Academy Of Brooklyn?

The Employer Identification Number (EIN) for Luria Academy Of Brooklyn is 142005770. 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 Luria Academy Of Brooklyn spend its money?

Luria Academy Of Brooklyn allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Luria Academy Of Brooklyn's tax-exempt status?

You can verify Luria Academy Of Brooklyn's tax-exempt status using EIN 142005770 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

Luria Academy Of Brooklyn demonstrates a consistent pattern of operating with expenses exceeding revenue in recent years, as seen in the 202308 filing where expenses were $14,731,743 against revenues of $13,486,188, and similarly in 202208 and 202108. This trend suggests a reliance on prior year surpluses or other funding sources to cover operational costs. Despite this, the organization has shown significant asset growth, from $1,372,530 in 201508 to $47,361,368 in 202308, indicating substantial capital investments, likely in facilities given the nature of an academy. However, liabilities have also grown considerably, often exceeding assets in recent periods, such as $48,657,969 in liabilities against $47,361,368 in assets for 202308, which warrants closer examination of their long-term financial stability and debt management strategies.

The organization's transparency regarding executive compensation is high, with 0% reported officer compensation across all available filings. This indicates that the top leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which is unusual for an organization of this size and revenue. While this can be a positive sign of volunteer leadership, it also raises questions about how key leadership roles are sustained and compensated, if at all. The consistent growth in revenue and assets over the past decade, from $2,797,592 in 201508 to $13,486,188 in 202308, points to successful fundraising and expansion efforts, but the recurring deficit operations need to be addressed for sustainable financial health.

Given the NTEE code B20 (Elementary & Secondary Education), the primary program spending would be on educational services. Without a detailed breakdown of expenses from the 990, it's challenging to precisely assess spending efficiency across programs, administration, and fundraising. However, the consistent operational deficits suggest that the organization is spending at or above its incoming revenue, which could impact its ability to build reserves or invest further in programs without incurring more debt. The significant increase in assets and liabilities also points to major capital projects, which are common for educational institutions but require careful financial planning to ensure long-term viability.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.