Bay Ridge Preparatory School
Bay Ridge Preparatory School shows consistent revenue and asset growth with no reported officer compensation on 990s.
EIN: 113444169 · Brooklyn, NY · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.3M |
| Total Expenses | $16.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $17 |
| Net Assets | $14.2M |
| Transparency Score | 75/100 |
Is Bay Ridge Preparatory School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bay Ridge Preparatory School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bay Ridge Preparatory School
Bay Ridge Preparatory School (EIN: 113444169) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B20. The organization reported total revenue of $21.3M and total assets of $43.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bay Ridge Preparatory School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bay Ridge Preparatory School is a large nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.0M |
| Total Expenses | $16.8M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $36.0M |
| Total Liabilities | $21.8M |
| Net Assets | $14.2M |
| Operating Margin | 6.8% |
| Debt-to-Asset Ratio | 60.6% |
| Months of Reserves | 25.8 months |
Financial Health Grade: A
In 2023, Bay Ridge Preparatory School reported a surplus of $1.2M with revenue exceeding expenses, holds 25.8 months of operating reserves (strong position), has a debt-to-asset ratio of 60.6% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Bay Ridge Preparatory School's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +3.9% | +16.7% |
| 2022 | -3.8% | +4.1% | +49.7% |
| 2021 | +11.6% | +3.1% | +5.7% |
| 2020 | +4.4% | +7.6% | +7.8% |
| 2019 | +10.5% | +6.1% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 Bay Ridge Preparatory School 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bay Ridge Preparatory School 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 60.6%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization with annual revenues exceeding $17 million. This suggests executive compensation may be reported under other expense categories or paid through a related entity, warranting further investigation for full 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 Bay Ridge Preparatory School's IRS 990 filings:
- Consistent 0% officer compensation reported despite significant revenue, raising transparency questions about executive pay.
- Significant increase in liabilities from $8.4M in 2021 to $21.8M in 2023, which, while potentially for growth, warrants understanding the nature of the debt.
Strengths
The following positive indicators were identified for Bay Ridge Preparatory School:
- Consistent revenue growth, from $15.05M in 2019 to $17.99M in 2023, indicating financial stability and increasing demand.
- Healthy asset growth, from $18.1M in 2019 to $36.0M in 2023, strengthening the organization's long-term financial position.
- Expenses consistently lower than revenue, demonstrating sound financial management and allowing for surplus accumulation.
Frequently Asked Questions about Bay Ridge Preparatory School
Is Bay Ridge Preparatory School a legitimate charity?
Bay Ridge Preparatory School (EIN: 113444169) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $21.3M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Bay Ridge Preparatory School spend its money?
Bay Ridge Preparatory School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bay Ridge Preparatory School tax-deductible?
Bay Ridge Preparatory School is registered as a tax-exempt nonprofit (EIN: 113444169). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bay Ridge Preparatory School CEO make?
Bay Ridge Preparatory School's highest-compensated officer earns $17 annually. The organization reported $21.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bay Ridge Preparatory School's spending goes to programs?
Bay Ridge Preparatory School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bay Ridge Preparatory School compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bay Ridge Preparatory School is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bay Ridge Preparatory School located?
Bay Ridge Preparatory School is headquartered in Brooklyn, New York and files with the IRS under EIN 113444169. It is classified under NTEE code B20.
How many years of IRS 990 filings does Bay Ridge Preparatory School have?
Bay Ridge Preparatory School has 14 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 $21.3M in total revenue.
How is executive compensation handled if 0% is reported on the 990s?
The consistent reporting of 0% officer compensation across all filings, despite significant revenue, suggests that executive compensation might be paid through a related organization, classified under other expense categories, or that the school's leadership is compensated in a non-traditional manner not directly disclosed as 'officer compensation' on the 990.
What is the nature of the significant increase in liabilities from 2021 to 2023?
Liabilities increased from $8,397,359 in 2021 to $21,833,490 in 2023. This substantial increase likely indicates significant capital investments, such as facility expansion or renovations, which are common for growing educational institutions, potentially financed through debt.
What is the detailed functional expense breakdown for program services, administration, and fundraising?
The provided data does not include a detailed functional expense breakdown. To fully assess spending efficiency, a deeper dive into the full IRS 990 forms would be necessary to see how expenses are allocated across program services, management and general, and fundraising.
Filing History
IRS 990 filing history for Bay Ridge Preparatory School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Bay Ridge Preparatory School's revenue has grown by 107.4%, moving from $8.7M to $18.0M. Total assets increased by 465.3% over the same period, from $6.4M to $36.0M. Total functional expenses rose by 106.9%, from $8.1M to $16.8M. In its most recent filing year (2023), Bay Ridge Preparatory School reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $21.8M in liabilities against $36.0M in assets (debt-to-asset ratio: 60.6%), resulting in net assets of $14.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.0M | $16.8M | $36.0M | $21.8M | — | View 990 |
| 2022 | $16.9M | $16.1M | $30.9M | $17.9M | — | View 990 |
| 2021 | $17.5M | $15.5M | $20.6M | $8.4M | — | — |
| 2020 | $15.7M | $15.0M | $19.5M | $9.3M | — | — |
| 2019 | $15.1M | $14.0M | $18.1M | $8.6M | — | View 990 |
| 2018 | $13.6M | $13.2M | $16.4M | $8.0M | — | View 990 |
| 2017 | $69K | $638K | $15.4M | $7.4M | — | View 990 |
| 2017 | $13.4M | $13.0M | $15.1M | $6.5M | — | View 990 |
| 2016 | $13.7M | $12.5M | $15.3M | $7.2M | — | View 990 |
| 2015 | $11.7M | $11.2M | $13.4M | $6.4M | — | View 990 |
| 2014 | $11.0M | $10.6M | $11.9M | $5.9M | — | View 990 |
| 2013 | $10.5M | $9.9M | $11.2M | $5.6M | — | View 990 |
| 2012 | $9.7M | $8.9M | $7.2M | $2.2M | — | View 990 |
| 2011 | $8.7M | $8.1M | $6.4M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.0M, expenses of $16.8M, and assets of $36.0M (revenue +6.8% year-over-year).
- 2022: Revenue of $16.9M, expenses of $16.1M, and assets of $30.9M (revenue -3.8% year-over-year).
- 2021: Revenue of $17.5M, expenses of $15.5M, and assets of $20.6M (revenue +11.6% year-over-year).
- 2020: Revenue of $15.7M, expenses of $15.0M, and assets of $19.5M (revenue +4.4% year-over-year).
- 2019: Revenue of $15.1M, expenses of $14.0M, and assets of $18.1M (revenue +10.5% year-over-year).
- 2018: Revenue of $13.6M, expenses of $13.2M, and assets of $16.4M (revenue +19712.0% year-over-year).
- 2017: Revenue of $69K, expenses of $638K, and assets of $15.4M (revenue -99.5% year-over-year).
- 2017: Revenue of $13.4M, expenses of $13.0M, and assets of $15.1M (revenue -2.1% year-over-year).
- 2016: Revenue of $13.7M, expenses of $12.5M, and assets of $15.3M (revenue +16.8% year-over-year).
- 2015: Revenue of $11.7M, expenses of $11.2M, and assets of $13.4M (revenue +6.8% year-over-year).
- 2014: Revenue of $11.0M, expenses of $10.6M, and assets of $11.9M (revenue +4.7% year-over-year).
- 2013: Revenue of $10.5M, expenses of $9.9M, and assets of $11.2M (revenue +8.7% year-over-year).
- 2012: Revenue of $9.7M, expenses of $8.9M, and assets of $7.2M (revenue +11.3% year-over-year).
- 2011: Revenue of $8.7M, expenses of $8.1M, and assets of $6.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bay Ridge Preparatory School:
Data Sources and Methodology
This transparency report for Bay Ridge Preparatory School 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.