Brooklyn Free School Association
Brooklyn Free School Association reports significant surplus in latest period after years of declining assets and fluctuating financial performance.
EIN: 201506040 · Brooklyn, NY · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $902K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.1M |
| Transparency Score | 75/100 |
Is Brooklyn Free School Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brooklyn Free School Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brooklyn Free School Association
Brooklyn Free School Association (EIN: 201506040) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B20. The organization reported total revenue of $2.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Free School Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Free School Association is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $902K |
| Surplus / Deficit | +$1.3M |
| Total Assets | $1.5M |
| Total Liabilities | $385K |
| Net Assets | $1.1M |
| Operating Margin | 58.7% |
| Debt-to-Asset Ratio | 25.8% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2022, Brooklyn Free School Association reported a surplus of $1.3M with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 25.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Brooklyn Free School Association's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +345.3% | +37.4% | -19.6% |
| 2021 | -26.3% | -24.2% | -4.9% |
| 2020 | -25.9% | -15.3% | -8.2% |
| 2019 | -1.2% | +11.2% | -12.0% |
| 2018 | -5.6% | -4.6% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Free School Association 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, Brooklyn Free School Association 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are either unpaid volunteers or their compensation falls below reporting thresholds, which is highly favorable for a nonprofit of its size with revenue exceeding $2 million in the latest period.
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 Free School Association's IRS 990 filings:
- Significant decline in assets over the past decade (from $2,011,999 in 2013 to $1,491,901 in 2022)
- Inconsistent financial performance with several years where expenses exceeded revenue prior to 2022.
Strengths
The following positive indicators were identified for Brooklyn Free School Association:
- Significant financial surplus in the latest reporting period (202206) with revenue of $2,186,918 against expenses of $902,339.
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Improved financial stability in the most recent year, reversing previous trends of expenses exceeding revenue.
Frequently Asked Questions about Brooklyn Free School Association
Is Brooklyn Free School Association a legitimate charity?
Brooklyn Free School Association (EIN: 201506040) 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: $2.2M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Brooklyn Free School Association spend its money?
Brooklyn Free School Association directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Brooklyn Free School Association tax-deductible?
Brooklyn Free School Association is registered as a tax-exempt nonprofit (EIN: 201506040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brooklyn Free School Association CEO make?
Brooklyn Free School Association's highest-compensated officer earns $2 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brooklyn Free School Association's spending goes to programs?
Brooklyn Free School Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brooklyn Free School Association compare to similar nonprofits?
With a transparency score of 75/100 (Good), Brooklyn Free School Association 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 Brooklyn Free School Association located?
Brooklyn Free School Association is headquartered in Brooklyn, New York and files with the IRS under EIN 201506040. It is classified under NTEE code B20.
How many years of IRS 990 filings does Brooklyn Free School Association have?
Brooklyn Free School Association 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 $2.2M in total revenue.
What caused the significant increase in revenue in the 202206 period?
The IRS 990 data shows a jump from $491,150 in 202106 to $2,186,918 in 202206. Further investigation into the specific revenue streams (e.g., grants, contributions, program service revenue) would be needed to understand this substantial increase.
What is the long-term strategy for addressing the decline in assets?
Assets have decreased from $2,011,999 in 2013 to $1,491,901 in 2022. While the latest period shows a surplus, understanding how the organization plans to rebuild its asset base is crucial for long-term sustainability.
How does the organization manage its liabilities, which have fluctuated significantly?
Liabilities have ranged from $1,779,114 in 2013 to $2,033,124 in 2021, settling at $384,900 in 2022. Understanding the nature of these liabilities and the strategy for their management is important.
Filing History
IRS 990 filing history for Brooklyn Free School Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Brooklyn Free School Association's revenue has grown by 278.5%, moving from $578K to $2.2M. Total assets decreased by 29.8% over the same period, from $2.1M to $1.5M. Total functional expenses rose by 70.4%, from $529K to $902K. In its most recent filing year (2022), Brooklyn Free School Association reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $385K in liabilities against $1.5M in assets (debt-to-asset ratio: 25.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.2M | $902K | $1.5M | $385K | — | View 990 |
| 2021 | $491K | $657K | $1.9M | $2.0M | — | View 990 |
| 2020 | $667K | $866K | $2.0M | $2.0M | — | View 990 |
| 2019 | $900K | $1.0M | $2.1M | $1.9M | — | View 990 |
| 2018 | $911K | $919K | $2.4M | $2.1M | — | View 990 |
| 2017 | $965K | $964K | $2.4M | $2.1M | — | View 990 |
| 2016 | $951K | $894K | $2.5M | $2.2M | — | View 990 |
| 2015 | $839K | $826K | $2.5M | $2.3M | — | View 990 |
| 2014 | $662K | $634K | $1.9M | $2.4M | — | View 990 |
| 2013 | $663K | $266K | $2.0M | $1.8M | — | View 990 |
| 2012 | $645K | $643K | $2.0M | $1.8M | — | View 990 |
| 2011 | $578K | $529K | $2.1M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.2M, expenses of $902K, and assets of $1.5M (revenue +345.3% year-over-year).
- 2021: Revenue of $491K, expenses of $657K, and assets of $1.9M (revenue -26.3% year-over-year).
- 2020: Revenue of $667K, expenses of $866K, and assets of $2.0M (revenue -25.9% year-over-year).
- 2019: Revenue of $900K, expenses of $1.0M, and assets of $2.1M (revenue -1.2% year-over-year).
- 2018: Revenue of $911K, expenses of $919K, and assets of $2.4M (revenue -5.6% year-over-year).
- 2017: Revenue of $965K, expenses of $964K, and assets of $2.4M (revenue +1.4% year-over-year).
- 2016: Revenue of $951K, expenses of $894K, and assets of $2.5M (revenue +13.4% year-over-year).
- 2015: Revenue of $839K, expenses of $826K, and assets of $2.5M (revenue +26.7% year-over-year).
- 2014: Revenue of $662K, expenses of $634K, and assets of $1.9M (revenue -0.1% year-over-year).
- 2013: Revenue of $663K, expenses of $266K, and assets of $2.0M (revenue +2.7% year-over-year).
- 2012: Revenue of $645K, expenses of $643K, and assets of $2.0M (revenue +11.6% year-over-year).
- 2011: Revenue of $578K, expenses of $529K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Free School Association:
Data Sources and Methodology
This transparency report for Brooklyn Free School Association 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.