Adelphi Academy
Adelphi Academy shows consistent revenue growth and positive net income in recent years, but carries substantial liabilities.
EIN: 111630740 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $3.7M |
| Program Spending | 80% |
| Net Assets | $-4,103,342 |
| Transparency Score | 75/100 |
Is Adelphi Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adelphi Academy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adelphi Academy
Adelphi Academy (EIN: 111630740) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $4.3M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adelphi Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adelphi Academy is a mid-size nonprofit that has been operating for 85 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.6M |
| Total Expenses | $3.7M |
| Surplus / Deficit | +$877K |
| Total Assets | $3.4M |
| Total Liabilities | $7.5M |
| Net Assets | $-4,103,342 |
| Operating Margin | 19.1% |
| Debt-to-Asset Ratio | 222.0% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2023, Adelphi Academy reported a surplus of $877K with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 222.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Adelphi Academy's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.8% | +0.2% | +1.3% |
| 2022 | +75.1% | +17.5% | +35.0% |
| 2021 | +1.4% | -2.5% | -21.5% |
| 2020 | -15.7% | -1.0% | -5.0% |
| 2019 | +13.7% | -28.6% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1941 |
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 Adelphi Academy with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Adelphi Academy allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $877K, with revenue exceeding expenses.
- Debt-to-asset ratio: 222.0%.
Executive Compensation Analysis
Adelphi Academy consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer leadership or that compensation is categorized differently, which enhances transparency regarding direct executive pay.
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 Adelphi Academy's IRS 990 filings:
- High liabilities relative to assets, with liabilities often exceeding total assets (e.g., $7,467,318 liabilities vs. $3,363,976 assets in 202306).
- NTEE Code is unknown, which limits understanding of its specific programmatic focus and peer comparisons.
Strengths
The following positive indicators were identified for Adelphi Academy:
- Consistent positive net income in recent years (e.g., $877,017 surplus in 202306).
- Strong revenue growth over the past decade, from $2.35M in 201406 to $4.58M in 202306.
- No reported officer compensation, indicating either volunteer leadership or highly efficient use of funds for executive roles.
- Consistent filing of IRS Form 990s, demonstrating regulatory compliance and transparency.
Frequently Asked Questions about Adelphi Academy
Is Adelphi Academy a legitimate charity?
Adelphi Academy (EIN: 111630740) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $4.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Adelphi Academy spend its money?
Adelphi Academy directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Adelphi Academy tax-deductible?
Adelphi Academy is registered as a tax-exempt nonprofit (EIN: 111630740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Adelphi Academy's spending goes to programs?
Adelphi Academy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Adelphi Academy located?
Adelphi Academy is headquartered in Brooklyn, New York and files with the IRS under EIN 111630740.
How many years of IRS 990 filings does Adelphi Academy have?
Adelphi Academy has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.3M in total revenue.
Is Adelphi Academy financially stable?
Yes, Adelphi Academy appears financially stable, demonstrating consistent revenue generation and positive net income in recent years, such as a $877,017 surplus in 202306 ($4,584,783 revenue vs. $3,707,766 expenses).
Why are the liabilities so high?
The organization consistently carries significant liabilities, such as $7,467,318 in 202306, which often exceed its assets. This could indicate reliance on long-term debt, mortgages, or other significant financial obligations, but the specific reasons are not detailed in the provided data.
Does Adelphi Academy pay its executives?
Based on the provided IRS 990 data, Adelphi Academy reports 0% officer compensation across all available filings, suggesting that direct officer compensation is not reported or is not paid.
How has Adelphi Academy's revenue trended?
Adelphi Academy's revenue has shown growth, increasing from $2,355,445 in 201406 to $4,584,783 in 202306, with some fluctuations, including a peak of $5,445,364 in 202206.
Is Adelphi Academy transparent?
Adelphi Academy demonstrates good transparency through consistent IRS 990 filings and reporting 0% officer compensation. However, a more detailed breakdown of program, administrative, and fundraising expenses would further enhance transparency.
Filing History
IRS 990 filing history for Adelphi Academy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Adelphi Academy's revenue has grown by 82.9%, moving from $2.5M to $4.6M. Total assets increased by 9.4% over the same period, from $3.1M to $3.4M. Total functional expenses rose by 38.7%, from $2.7M to $3.7M. In its most recent filing year (2023), Adelphi Academy reported a surplus of $877K, with revenue exceeding expenses. The organization holds $7.5M in liabilities against $3.4M in assets (debt-to-asset ratio: 222.0%), resulting in net assets of $-4,103,342.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.6M | $3.7M | $3.4M | $7.5M | — | — |
| 2022 | $5.4M | $3.7M | $3.3M | $8.3M | — | — |
| 2021 | $3.1M | $3.1M | $2.5M | $8.6M | — | — |
| 2020 | $3.1M | $3.2M | $3.1M | $9.2M | — | View 990 |
| 2019 | $3.6M | $3.3M | $3.3M | $9.2M | — | View 990 |
| 2018 | $3.2M | $4.6M | $3.4M | $9.7M | — | View 990 |
| 2017 | $3.7M | $4.2M | $4.1M | $9.0M | — | View 990 |
| 2016 | $3.6M | $3.6M | $4.6M | $9.1M | — | View 990 |
| 2015 | $2.4M | $2.9M | $4.8M | $9.3M | — | View 990 |
| 2014 | $2.4M | $2.5M | $3.0M | $7.1M | — | View 990 |
| 2013 | $2.5M | $2.4M | $3.3M | $6.6M | — | View 990 |
| 2012 | $2.5M | $2.7M | $3.1M | $6.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.6M, expenses of $3.7M, and assets of $3.4M (revenue -15.8% year-over-year).
- 2022: Revenue of $5.4M, expenses of $3.7M, and assets of $3.3M (revenue +75.1% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.1M, and assets of $2.5M (revenue +1.4% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.2M, and assets of $3.1M (revenue -15.7% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.3M, and assets of $3.3M (revenue +13.7% year-over-year).
- 2018: Revenue of $3.2M, expenses of $4.6M, and assets of $3.4M (revenue -14.7% year-over-year).
- 2017: Revenue of $3.7M, expenses of $4.2M, and assets of $4.1M (revenue +5.5% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.6M, and assets of $4.6M (revenue +45.7% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.9M, and assets of $4.8M (revenue +3.5% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.5M, and assets of $3.0M (revenue -4.2% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.4M, and assets of $3.3M (revenue -1.9% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.7M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adelphi Academy:
Data Sources and Methodology
This transparency report for Adelphi Academy 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.