Big Apple Institute Inc
Big Apple Institute Inc. consistently operates with revenues between $12M-$17M, showing recent deficits but no reported officer compensation.
EIN: 113244623 · Brooklyn, NY · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.3M |
| Total Expenses | $17.1M |
| Program Spending | 85% |
| Net Assets | $1.9M |
| Transparency Score | 85/100 |
Is Big Apple Institute Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Big Apple Institute Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Big Apple Institute Inc
Big Apple Institute Inc (EIN: 113244623) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B24. The organization reported total revenue of $16.3M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Big Apple Institute Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Big Apple Institute Inc is a large nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.2M |
| Total Expenses | $17.1M |
| Surplus / Deficit | $-913,262 |
| Total Assets | $2.7M |
| Total Liabilities | $763K |
| Net Assets | $1.9M |
| Operating Margin | -5.7% |
| Debt-to-Asset Ratio | 28.7% |
| Months of Reserves | 1.9 months |
Financial Health Grade: C
In 2023, Big Apple Institute Inc reported a deficit of $913K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 28.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Big Apple Institute Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.5% | +2.7% | -31.1% |
| 2022 | -9.0% | +16.1% | -22.6% |
| 2021 | +27.3% | +18.9% | +131.7% |
| 2020 | -3.6% | -14.8% | +43.5% |
| 2019 | +5.2% | +5.2% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1998 |
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 Big Apple Institute Inc with a Mission Score of 85 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, Big Apple Institute Inc 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 deficit of $913K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.7%.
Executive Compensation Analysis
Big Apple Institute Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and revenue.
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 Big Apple Institute Inc's IRS 990 filings:
- Consistent operating deficits in 2022 and 2023, with expenses exceeding revenue by over $900,000 in the latest period.
- Unusually consistent 0% officer compensation reported across all filings for an organization with over $16 million in revenue, which may warrant further investigation into compensation structures.
Strengths
The following positive indicators were identified for Big Apple Institute Inc:
- Strong and consistent revenue generation, typically exceeding $12 million annually.
- Long and consistent IRS 990 filing history (13 filings), indicating good transparency and compliance.
- No reported officer compensation, suggesting a highly efficient use of funds at the executive level or a unique compensation structure.
- Significant asset base, ranging from $1.5 million to nearly $5 million, providing financial stability.
Frequently Asked Questions about Big Apple Institute Inc
Is Big Apple Institute Inc a legitimate charity?
Big Apple Institute Inc (EIN: 113244623) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $16.3M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Big Apple Institute Inc spend its money?
Big Apple Institute Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Big Apple Institute Inc tax-deductible?
Big Apple Institute Inc is registered as a tax-exempt nonprofit (EIN: 113244623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Big Apple Institute Inc's spending goes to programs?
Big Apple Institute Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Big Apple Institute Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Big Apple Institute Inc is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Big Apple Institute Inc located?
Big Apple Institute Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113244623. It is classified under NTEE code B24.
How many years of IRS 990 filings does Big Apple Institute Inc have?
Big Apple Institute Inc has 13 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 $16.3M in total revenue.
Is Big Apple Institute Inc. a good charity?
Based on the available data, Big Apple Institute Inc. appears to be a good charity, particularly due to its consistent operation, significant revenue, and the notable absence of reported officer compensation, suggesting a strong focus on its mission rather than executive pay. However, recent operating deficits should be monitored.
Why does Big Apple Institute Inc. report 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with annual revenues exceeding $12 million. This could indicate that executive leadership is compensated through other means not classified as 'officer compensation' on the 990, or that leadership roles are filled by volunteers, or that compensation is paid by a related entity. Further investigation into their full 990 forms would be needed to understand this structure.
What caused the operating deficits in 2022 and 2023?
In 2022, expenses exceeded revenue by approximately $1.15 million ($16,625,469 vs $15,473,175), and in 2023, by approximately $913,262 ($17,076,992 vs $16,163,730). The specific causes of these deficits are not detailed in the summary data but could be due to increased program costs, one-time expenditures, or a temporary dip in funding. This trend warrants closer examination of their detailed financial statements.
Filing History
IRS 990 filing history for Big Apple Institute Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Big Apple Institute Inc's revenue has grown by 82.5%, moving from $8.9M to $16.2M. Total assets increased by 189.3% over the same period, from $919K to $2.7M. Total functional expenses rose by 96.7%, from $8.7M to $17.1M. In its most recent filing year (2023), Big Apple Institute Inc reported a deficit of $913K, with expenses exceeding revenue. The organization holds $763K in liabilities against $2.7M in assets (debt-to-asset ratio: 28.7%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.2M | $17.1M | $2.7M | $763K | — | — |
| 2022 | $15.5M | $16.6M | $3.9M | $1.0M | — | View 990 |
| 2021 | $17.0M | $14.3M | $5.0M | $1.0M | — | View 990 |
| 2020 | $13.4M | $12.0M | $2.2M | $880K | — | View 990 |
| 2019 | $13.9M | $14.1M | $1.5M | $1.5M | — | View 990 |
| 2018 | $13.2M | $13.4M | $1.6M | $1.3M | — | View 990 |
| 2017 | $12.8M | $12.9M | $1.7M | $1.2M | — | — |
| 2016 | $12.4M | $12.6M | $1.6M | $1.0M | — | View 990 |
| 2015 | $12.3M | $12.4M | $1.6M | $745K | — | View 990 |
| 2014 | $11.4M | $11.2M | $1.5M | $560K | — | View 990 |
| 2013 | $10.3M | $10.1M | $1.5M | $1.0M | — | View 990 |
| 2012 | $9.3M | $9.4M | $1.1M | $581K | — | View 990 |
| 2011 | $8.9M | $8.7M | $919K | $266K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.2M, expenses of $17.1M, and assets of $2.7M (revenue +4.5% year-over-year).
- 2022: Revenue of $15.5M, expenses of $16.6M, and assets of $3.9M (revenue -9.0% year-over-year).
- 2021: Revenue of $17.0M, expenses of $14.3M, and assets of $5.0M (revenue +27.3% year-over-year).
- 2020: Revenue of $13.4M, expenses of $12.0M, and assets of $2.2M (revenue -3.6% year-over-year).
- 2019: Revenue of $13.9M, expenses of $14.1M, and assets of $1.5M (revenue +5.2% year-over-year).
- 2018: Revenue of $13.2M, expenses of $13.4M, and assets of $1.6M (revenue +3.2% year-over-year).
- 2017: Revenue of $12.8M, expenses of $12.9M, and assets of $1.7M (revenue +3.0% year-over-year).
- 2016: Revenue of $12.4M, expenses of $12.6M, and assets of $1.6M (revenue +0.7% year-over-year).
- 2015: Revenue of $12.3M, expenses of $12.4M, and assets of $1.6M (revenue +7.8% year-over-year).
- 2014: Revenue of $11.4M, expenses of $11.2M, and assets of $1.5M (revenue +10.3% year-over-year).
- 2013: Revenue of $10.3M, expenses of $10.1M, and assets of $1.5M (revenue +11.6% year-over-year).
- 2012: Revenue of $9.3M, expenses of $9.4M, and assets of $1.1M (revenue +4.7% year-over-year).
- 2011: Revenue of $8.9M, expenses of $8.7M, and assets of $919K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Big Apple Institute Inc:
Data Sources and Methodology
This transparency report for Big Apple Institute Inc 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.