Bank Street College Of Education
Bank Street College Of Education shows stable assets but experienced a $9 million deficit in its most recent detailed filing period.
EIN: 135562167 · New York, NY · NTEE: B500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96.7M |
| Total Expenses | $77.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $48.8M |
| Transparency Score | 75/100 |
Is Bank Street College Of Education Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bank Street College Of Education directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bank Street College Of Education
Bank Street College Of Education (EIN: 135562167) is a nonprofit organization based in New York, NY, classified under NTEE code B500. The organization reported total revenue of $96.7M and total assets of $99.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bank Street College Of Education's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bank Street College Of Education is a major nonprofit that has been operating for 88 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $68.7M |
| Total Expenses | $77.8M |
| Surplus / Deficit | $-9,035,297 |
| Total Assets | $88.8M |
| Total Liabilities | $40.0M |
| Net Assets | $48.8M |
| Operating Margin | -13.1% |
| Debt-to-Asset Ratio | 45.0% |
| Months of Reserves | 13.7 months |
Financial Health Grade: B
In 2022, Bank Street College Of Education reported a deficit of $9.0M with expenses exceeding revenue, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 45.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Bank Street College Of Education's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -6.2% | +10.0% | -12.3% |
| 2021 | +13.7% | +2.8% | +10.4% |
| 2020 | -5.7% | +2.5% | -6.1% |
| 2019 | -1.1% | -1.1% | -0.2% |
| 2018 | +5.1% | +4.7% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1938 |
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 Bank Street College Of Education 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, Bank Street College Of Education 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.0%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all available filing periods. This is highly unusual for an organization with annual revenues approaching $100 million and assets nearing $100 million, suggesting that executive compensation might be reported under different categories or not included in the 'Officer Comp' summary provided, which could impact transparency.
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 Bank Street College Of Education's IRS 990 filings:
- Consistent 0% officer compensation reported in summaries, which is unusual for an organization of this scale and warrants further investigation into full 990 filings.
- Significant deficit of over $9 million in the 202206 filing period, where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Bank Street College Of Education:
- Strong asset base, consistently exceeding liabilities over the past decade (e.g., $88,772,006 assets vs. $39,968,170 liabilities in 202206).
- Long operating history with 12 filings, indicating stability and established operations.
- Overall revenue growth from $58,370,275 in 201306 to a latest reported $96,720,797, demonstrating financial expansion.
- Mission-focused NTEE code (B500 - Education) aligns with the organization's name and suggests a clear programmatic purpose.
Frequently Asked Questions about Bank Street College Of Education
Is Bank Street College Of Education a legitimate charity?
Bank Street College Of Education (EIN: 135562167) 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: $96.7M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bank Street College Of Education spend its money?
Bank Street College Of Education directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bank Street College Of Education tax-deductible?
Bank Street College Of Education is registered as a tax-exempt nonprofit (EIN: 135562167). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bank Street College Of Education CEO make?
Bank Street College Of Education's highest-compensated officer earns $100 annually. The organization reported $96.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bank Street College Of Education's spending goes to programs?
Bank Street College Of Education directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bank Street College Of Education compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bank Street College Of Education is above average for NTEE category B500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bank Street College Of Education located?
Bank Street College Of Education is headquartered in New York, New York and files with the IRS under EIN 135562167. It is classified under NTEE code B500.
How many years of IRS 990 filings does Bank Street College Of Education have?
Bank Street College Of Education 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 $96.7M in total revenue.
Why is officer compensation consistently reported as 0% in the provided summaries, despite the organization's size?
The consistent reporting of 0% officer compensation for an organization with nearly $100 million in revenue and assets is highly unusual. It suggests that executive compensation might be categorized differently within the full IRS 990 filing (e.g., as salaries for key employees rather than 'officers' in the summary context) or that the provided summary data is incomplete regarding this specific detail. Further review of the full 990 form, Part VII, Section A, is needed to understand how executive compensation is truly handled.
What caused the $9 million deficit in the 202206 filing period?
In the 202206 period, Bank Street College Of Education reported expenses of $77,765,814 against revenues of $68,730,517, resulting in a deficit of approximately $9,035,297. The specific causes of this deficit would require a detailed review of the organization's Statement of Functional Expenses (Part IX) and Statement of Revenue (Part VIII) in the full IRS 990 to identify which expense categories increased significantly or which revenue streams decreased.
How does the organization manage its liabilities, which have fluctuated significantly?
Liabilities have fluctuated, reaching a high of $44,425,104 in 202006 and decreasing to $39,968,170 in 202206. While these fluctuations are notable, the organization's assets have consistently remained significantly higher than its liabilities (e.g., $88,772,006 in assets vs. $39,968,170 in liabilities in 202206), indicating a healthy balance sheet and ability to cover its obligations.
Filing History
IRS 990 filing history for Bank Street College Of Education showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Bank Street College Of Education's revenue has grown by 20%, moving from $57.3M to $68.7M. Total assets increased by 31.6% over the same period, from $67.5M to $88.8M. Total functional expenses rose by 39.6%, from $55.7M to $77.8M. In its most recent filing year (2022), Bank Street College Of Education reported a deficit of $9.0M, with expenses exceeding revenue. The organization holds $40.0M in liabilities against $88.8M in assets (debt-to-asset ratio: 45.0%), resulting in net assets of $48.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $68.7M | $77.8M | $88.8M | $40.0M | — | View 990 |
| 2021 | $73.3M | $70.7M | $101.2M | $39.7M | — | View 990 |
| 2020 | $64.5M | $68.8M | $91.6M | $44.4M | — | View 990 |
| 2019 | $68.4M | $67.1M | $97.6M | $42.3M | — | View 990 |
| 2018 | $69.1M | $67.8M | $97.8M | $40.6M | — | View 990 |
| 2017 | $65.8M | $64.8M | $89.4M | $30.0M | — | View 990 |
| 2016 | $71.7M | $63.5M | $81.0M | $25.7M | — | View 990 |
| 2015 | $62.9M | $62.4M | $74.7M | $25.8M | — | View 990 |
| 2014 | $61.0M | $57.4M | $76.7M | $27.3M | — | View 990 |
| 2013 | $58.4M | $57.1M | $69.6M | $24.9M | — | View 990 |
| 2012 | $61.9M | $60.2M | $65.9M | $24.5M | — | View 990 |
| 2011 | $57.3M | $55.7M | $67.5M | $26.1M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $68.7M, expenses of $77.8M, and assets of $88.8M (revenue -6.2% year-over-year).
- 2021: Revenue of $73.3M, expenses of $70.7M, and assets of $101.2M (revenue +13.7% year-over-year).
- 2020: Revenue of $64.5M, expenses of $68.8M, and assets of $91.6M (revenue -5.7% year-over-year).
- 2019: Revenue of $68.4M, expenses of $67.1M, and assets of $97.6M (revenue -1.1% year-over-year).
- 2018: Revenue of $69.1M, expenses of $67.8M, and assets of $97.8M (revenue +5.1% year-over-year).
- 2017: Revenue of $65.8M, expenses of $64.8M, and assets of $89.4M (revenue -8.2% year-over-year).
- 2016: Revenue of $71.7M, expenses of $63.5M, and assets of $81.0M (revenue +13.9% year-over-year).
- 2015: Revenue of $62.9M, expenses of $62.4M, and assets of $74.7M (revenue +3.2% year-over-year).
- 2014: Revenue of $61.0M, expenses of $57.4M, and assets of $76.7M (revenue +4.4% year-over-year).
- 2013: Revenue of $58.4M, expenses of $57.1M, and assets of $69.6M (revenue -5.8% year-over-year).
- 2012: Revenue of $61.9M, expenses of $60.2M, and assets of $65.9M (revenue +8.1% year-over-year).
- 2011: Revenue of $57.3M, expenses of $55.7M, and assets of $67.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bank Street College Of Education:
Data Sources and Methodology
This transparency report for Bank Street College Of Education 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.