Achievement First Brooklyn Charter Schools
Achievement First Brooklyn Charter Schools shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 205118947 · New Haven, CT · NTEE: B29 · Updated: 2026-03-28
Is Achievement First Brooklyn Charter Schools Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Achievement First Brooklyn Charter Schools directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Achievement First Brooklyn Charter Schools
Achievement First Brooklyn Charter Schools (EIN: 205118947) is a nonprofit organization based in New Haven, CT, classified under NTEE code B29. The organization reported total revenue of $191.7M and total assets of $166.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Achievement First Brooklyn Charter Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Achievement First Brooklyn Charter Schools is a major nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181.5M |
| Total Expenses | $170.0M |
| Surplus / Deficit | +$11.5M |
| Total Assets | $82.3M |
| Total Liabilities | $12.1M |
| Net Assets | $70.2M |
| Operating Margin | 6.3% |
| Debt-to-Asset Ratio | 14.7% |
| Months of Reserves | 5.8 months |
Financial Health Grade: A
In 2023, Achievement First Brooklyn Charter Schools reported a surplus of $11.5M with revenue exceeding expenses, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 14.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Achievement First Brooklyn Charter Schools's revenue has grown at a compound annual growth rate (CAGR) of 26.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | -1.5% | +22.0% |
| 2022 | +8.5% | +16.3% | +24.3% |
| 2021 | +4.0% | -1.0% | +40.9% |
| 2020 | +9.0% | +5.2% | +33.9% |
| 2019 | +12.3% | +11.9% | +26.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Achievement First Brooklyn Charter Schools with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Achievement First Brooklyn Charter Schools allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and revenue, suggesting either pro bono leadership or compensation is categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Achievement First Brooklyn Charter Schools's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, which may indicate compensation is reported elsewhere or through a related entity, potentially obscuring full executive pay details.
Strengths
The following positive indicators were identified for Achievement First Brooklyn Charter Schools:
- Strong and consistent revenue growth, increasing from $19.6M in 2015 to over $181M in 2023.
- Consistent financial surpluses, with revenues exceeding expenses in most recent years (e.g., $181.5M revenue vs. $170M expenses in 2023).
- Significant asset accumulation, growing from $1.9M in 2015 to $82.3M in 2023, indicating strong financial management.
- Low liabilities relative to assets, suggesting good financial stability (e.g., $12M liabilities vs. $82M assets in 2023).
Frequently Asked Questions about Achievement First Brooklyn Charter Schools
Is Achievement First Brooklyn Charter Schools a legitimate charity?
Based on AI analysis of IRS 990 filings, Achievement First Brooklyn Charter Schools (EIN: 205118947) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Achievement First Brooklyn Charter Schools spend its money?
Achievement First Brooklyn Charter Schools directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Achievement First Brooklyn Charter Schools tax-deductible?
Achievement First Brooklyn Charter Schools is registered as a tax-exempt nonprofit (EIN: 205118947). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Achievement First Brooklyn Charter Schools a good charity?
Based on the provided financial data, Achievement First Brooklyn Charter Schools appears to be a financially healthy and well-managed organization. It demonstrates strong revenue growth, consistent surpluses, and significant asset accumulation. The consistent reporting of 0% officer compensation is a notable positive for transparency and mission focus.
How has the organization's financial health changed over time?
The organization has experienced remarkable financial growth, with revenue increasing from $19,636,163 in 2015 to $181,518,401 in 2023. Assets have also grown substantially from $1,999,004 to $82,303,104 in the same period, indicating strong financial health and expansion.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It suggests that either the leadership serves on a pro bono basis, or their compensation is reported under different categories, or they are compensated by a related entity. This practice, while appearing to maximize funds for programs, warrants further investigation for complete transparency.
Filing History
IRS 990 filing history for Achievement First Brooklyn Charter Schools showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Achievement First Brooklyn Charter Schools's revenue has grown by 1502.6%, moving from $11.3M to $181.5M. Total assets increased by 2323.8% over the same period, from $3.4M to $82.3M. Total functional expenses rose by 1557.2%, from $10.3M to $170.0M. In its most recent filing year (2023), Achievement First Brooklyn Charter Schools reported a surplus of $11.5M, with revenue exceeding expenses. The organization holds $12.1M in liabilities against $82.3M in assets (debt-to-asset ratio: 14.7%), resulting in net assets of $70.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181.5M | $170.0M | $82.3M | $12.1M | — | View 990 |
| 2022 | $181.3M | $172.6M | $67.4M | $9.0M | — | View 990 |
| 2021 | $167.1M | $148.4M | $54.3M | $4.5M | — | — |
| 2020 | $160.7M | $149.9M | $38.5M | $7.4M | — | View 990 |
| 2019 | $147.4M | $142.5M | $28.8M | $8.5M | — | View 990 |
| 2018 | $131.2M | $127.3M | $22.8M | $7.5M | — | View 990 |
| 2017 | $116.4M | $115.5M | $18.6M | $7.2M | — | View 990 |
| 2016 | $104.4M | $105.4M | $15.0M | $4.5M | — | View 990 |
| 2015 | $19.6M | $20.8M | $2.0M | $1.1M | — | View 990 |
| 2014 | $15.1M | $15.6M | $2.7M | $574K | — | View 990 |
| 2013 | $13.7M | $13.5M | $3.4M | $785K | — | View 990 |
| 2012 | $12.0M | $12.0M | $3.8M | $1.3M | — | View 990 |
| 2011 | $11.3M | $10.3M | $3.4M | $782K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $181.5M, expenses of $170.0M, and assets of $82.3M (revenue +0.1% year-over-year).
- 2022: Revenue of $181.3M, expenses of $172.6M, and assets of $67.4M (revenue +8.5% year-over-year).
- 2021: Revenue of $167.1M, expenses of $148.4M, and assets of $54.3M (revenue +4.0% year-over-year).
- 2020: Revenue of $160.7M, expenses of $149.9M, and assets of $38.5M (revenue +9.0% year-over-year).
- 2019: Revenue of $147.4M, expenses of $142.5M, and assets of $28.8M (revenue +12.3% year-over-year).
- 2018: Revenue of $131.2M, expenses of $127.3M, and assets of $22.8M (revenue +12.8% year-over-year).
- 2017: Revenue of $116.4M, expenses of $115.5M, and assets of $18.6M (revenue +11.5% year-over-year).
- 2016: Revenue of $104.4M, expenses of $105.4M, and assets of $15.0M (revenue +431.6% year-over-year).
- 2015: Revenue of $19.6M, expenses of $20.8M, and assets of $2.0M (revenue +30.3% year-over-year).
- 2014: Revenue of $15.1M, expenses of $15.6M, and assets of $2.7M (revenue +9.9% year-over-year).
- 2013: Revenue of $13.7M, expenses of $13.5M, and assets of $3.4M (revenue +14.2% year-over-year).
- 2012: Revenue of $12.0M, expenses of $12.0M, and assets of $3.8M (revenue +6.0% year-over-year).
- 2011: Revenue of $11.3M, expenses of $10.3M, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Achievement First Brooklyn Charter Schools:
Data Sources and Methodology
This transparency report for Achievement First Brooklyn Charter Schools is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.