Brooklyn Charter School
Brooklyn Charter School consistently operates with expenses often exceeding revenue, drawing down on assets over the past decade.
EIN: 134121937 · Brooklyn, NY · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $4.5M |
| Program Spending | 85% |
| Net Assets | $1.3M |
| Transparency Score | 70/100 |
Is Brooklyn Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brooklyn Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brooklyn Charter School
Brooklyn Charter School (EIN: 134121937) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B29. The organization reported total revenue of $4.7M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Charter School is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.8M |
| Total Expenses | $4.5M |
| Surplus / Deficit | $-639,323 |
| Total Assets | $1.9M |
| Total Liabilities | $638K |
| Net Assets | $1.3M |
| Operating Margin | -16.7% |
| Debt-to-Asset Ratio | 33.3% |
| Months of Reserves | 5.1 months |
Financial Health Grade: B
In 2023, Brooklyn Charter School reported a deficit of $639K with expenses exceeding revenue, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 33.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brooklyn Charter School's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.9% | -0.9% | -21.3% |
| 2022 | +2.5% | +18.4% | -17.3% |
| 2021 | -1.9% | -4.6% | +28.5% |
| 2020 | +10.0% | -5.5% | +13.4% |
| 2019 | +12.7% | +1.4% | -15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
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 Brooklyn Charter School with a Mission Score of 70 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, Brooklyn Charter 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 deficit of $639K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.3%.
Executive Compensation Analysis
The filings consistently report 0% officer compensation, which suggests either that no officers receive compensation or that compensation is reported elsewhere, indicating a high level of transparency if accurate, or a need for further clarification.
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 Brooklyn Charter School's IRS 990 filings:
- Consistent operating deficits (e.g., $639,323 in 202306, $259,890 in 202206)
- Significant decline in total assets over the past decade (from $3.6M to $1.9M)
- Unusually low liabilities relative to assets in some periods, potentially indicating reliance on asset liquidation rather than debt for shortfalls.
Strengths
The following positive indicators were identified for Brooklyn Charter School:
- Consistent revenue generation over $3.4 million annually, indicating stable funding streams.
- Long filing history (13 filings) demonstrates consistent compliance and transparency in reporting.
- No reported officer compensation, which could indicate a highly volunteer-driven leadership or efficient use of funds if accurate.
Frequently Asked Questions about Brooklyn Charter School
Is Brooklyn Charter School a legitimate charity?
Brooklyn Charter School (EIN: 134121937) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Brooklyn Charter School spend its money?
Brooklyn Charter School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Brooklyn Charter School tax-deductible?
Brooklyn Charter School is registered as a tax-exempt nonprofit (EIN: 134121937). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Brooklyn Charter School's spending goes to programs?
Brooklyn Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brooklyn Charter School compare to similar nonprofits?
With a transparency score of 70/100 (Good), Brooklyn Charter School is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brooklyn Charter School located?
Brooklyn Charter School is headquartered in Brooklyn, New York and files with the IRS under EIN 134121937. It is classified under NTEE code B29.
How many years of IRS 990 filings does Brooklyn Charter School have?
Brooklyn Charter School 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 $4.7M in total revenue.
Is Brooklyn Charter School financially sustainable given its recurring deficits?
The organization has frequently reported expenses exceeding revenue, for example, by over $600,000 in 202306. This trend, coupled with a significant decrease in assets from $3.6 million in 201406 to $1.9 million in 202306, raises concerns about long-term financial sustainability if not addressed by increased revenue or reduced expenses.
What is the reason for the consistent 0% officer compensation reported?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It could mean that officers are unpaid volunteers, or that their compensation is reported under different categories, which would require a deeper dive into the full 990 forms to understand.
How does Brooklyn Charter School plan to address the decline in assets?
Assets have nearly halved from $3,633,712 in 201406 to $1,917,446 in 202306. This decline, likely due to operating deficits, suggests the organization is using its reserves. A clear strategy for asset replenishment or achieving consistent surpluses would be crucial for future financial health.
Filing History
IRS 990 filing history for Brooklyn Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brooklyn Charter School's revenue has grown by 8.7%, moving from $3.5M to $3.8M. Total assets decreased by 29.8% over the same period, from $2.7M to $1.9M. Total functional expenses rose by 33.3%, from $3.4M to $4.5M. In its most recent filing year (2023), Brooklyn Charter School reported a deficit of $639K, with expenses exceeding revenue. The organization holds $638K in liabilities against $1.9M in assets (debt-to-asset ratio: 33.3%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.8M | $4.5M | $1.9M | $638K | — | View 990 |
| 2022 | $4.3M | $4.5M | $2.4M | $580K | — | View 990 |
| 2021 | $4.1M | $3.8M | $2.9M | $570K | — | View 990 |
| 2020 | $4.2M | $4.0M | $2.3M | $586K | — | View 990 |
| 2019 | $3.8M | $4.2M | $2.0M | $591K | — | View 990 |
| 2018 | $3.4M | $4.2M | $2.4M | $618K | — | View 990 |
| 2017 | $3.8M | $4.1M | $3.2M | $435K | — | View 990 |
| 2016 | $3.8M | $4.4M | $3.2M | $595K | — | View 990 |
| 2015 | $3.6M | $4.0M | $3.6M | $546K | — | View 990 |
| 2014 | $3.7M | $3.7M | $3.6M | $448K | — | View 990 |
| 2013 | $4.2M | $3.8M | $3.6M | $555K | — | View 990 |
| 2012 | $3.6M | $3.4M | $3.0M | $484K | — | View 990 |
| 2011 | $3.5M | $3.4M | $2.7M | $432K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.8M, expenses of $4.5M, and assets of $1.9M (revenue -9.9% year-over-year).
- 2022: Revenue of $4.3M, expenses of $4.5M, and assets of $2.4M (revenue +2.5% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.8M, and assets of $2.9M (revenue -1.9% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.0M, and assets of $2.3M (revenue +10.0% year-over-year).
- 2019: Revenue of $3.8M, expenses of $4.2M, and assets of $2.0M (revenue +12.7% year-over-year).
- 2018: Revenue of $3.4M, expenses of $4.2M, and assets of $2.4M (revenue -11.2% year-over-year).
- 2017: Revenue of $3.8M, expenses of $4.1M, and assets of $3.2M (revenue +1.9% year-over-year).
- 2016: Revenue of $3.8M, expenses of $4.4M, and assets of $3.2M (revenue +4.6% year-over-year).
- 2015: Revenue of $3.6M, expenses of $4.0M, and assets of $3.6M (revenue -1.8% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.7M, and assets of $3.6M (revenue -12.3% year-over-year).
- 2013: Revenue of $4.2M, expenses of $3.8M, and assets of $3.6M (revenue +16.9% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.4M, and assets of $3.0M (revenue +1.4% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.4M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Charter School:
Data Sources and Methodology
This transparency report for Brooklyn Charter 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.