Brooklyn Laboratory Charter Schools
EIN: 464341617 · Brooklyn, NY · NTEE: B29
| Metric | Value |
|---|---|
| Total Revenue | $21.8M |
| Total Expenses | $28.5M |
| Net Assets | $10.5M |
Is Brooklyn Laboratory Charter Schools Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Brooklyn Laboratory Charter Schools
Brooklyn Laboratory Charter Schools (EIN: 464341617) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B29. The organization reported total revenue of $21.8M and total assets of $25.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Laboratory Charter Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Laboratory Charter Schools is a large nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 45.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.8M |
| Total Expenses | $28.5M |
| Surplus / Deficit | $-4,725,790 |
| Total Assets | $34.6M |
| Total Liabilities | $24.0M |
| Net Assets | $10.5M |
| Operating Margin | -19.9% |
| Debt-to-Asset Ratio | 69.5% |
| Months of Reserves | 14.6 months |
Financial Health Grade: C
In 2023, Brooklyn Laboratory Charter Schools reported a deficit of $4.7M with expenses exceeding revenue, holds 14.6 months of operating reserves (strong position), has a debt-to-asset ratio of 69.5% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Brooklyn Laboratory Charter Schools's revenue has grown at a compound annual growth rate (CAGR) of 45.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.4% | +16.9% | +86.8% |
| 2022 | +2.5% | +14.7% | -22.0% |
| 2021 | +2.8% | +8.5% | +4.6% |
| 2020 | +13.6% | +0.3% | +25.4% |
| 2019 | +10.5% | +32.4% | +34.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Brooklyn Laboratory Charter Schools has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brooklyn Laboratory Charter Schools with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 69.5%.
Frequently Asked Questions about Brooklyn Laboratory Charter Schools
Is Brooklyn Laboratory Charter Schools a legitimate charity?
Brooklyn Laboratory Charter Schools (EIN: 464341617) is a registered tax-exempt nonprofit based in New York. It has 10 years of IRS 990 filings on record. Total revenue: $21.8M. No red flags identified. Financial health grade: C.
How does Brooklyn Laboratory Charter Schools spend its money?
Brooklyn Laboratory Charter Schools reported $21.8M in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Brooklyn Laboratory Charter Schools tax-deductible?
Brooklyn Laboratory Charter Schools is registered as a tax-exempt nonprofit (EIN: 464341617). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Brooklyn Laboratory Charter Schools located?
Brooklyn Laboratory Charter Schools is headquartered in Brooklyn, New York and files with the IRS under EIN 464341617. It is classified under NTEE code B29.
How many years of IRS 990 filings does Brooklyn Laboratory Charter Schools have?
Brooklyn Laboratory Charter Schools has 10 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 $21.8M in total revenue.
Filing History
IRS 990 filing history for Brooklyn Laboratory Charter Schools showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Brooklyn Laboratory Charter Schools's revenue has grown by 2795.1%, moving from $821K to $23.8M. Total assets increased by 7077.8% over the same period, from $482K to $34.6M. Total functional expenses rose by 3417.5%, from $810K to $28.5M. In its most recent filing year (2023), Brooklyn Laboratory Charter Schools reported a deficit of $4.7M, with expenses exceeding revenue. The organization holds $24.0M in liabilities against $34.6M in assets (debt-to-asset ratio: 69.5%), resulting in net assets of $10.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.8M | $28.5M | $34.6M | $24.0M | — | View 990 |
| 2022 | $24.6M | $24.4M | $18.5M | $3.2M | — | View 990 |
| 2021 | $24.0M | $21.3M | $23.8M | $8.7M | — | View 990 |
| 2020 | $23.3M | $19.6M | $22.7M | $10.4M | — | View 990 |
| 2019 | $20.6M | $19.5M | $18.1M | $9.5M | — | View 990 |
| 2018 | $18.6M | $14.8M | $13.5M | $5.9M | — | View 990 |
| 2017 | $11.2M | $9.2M | $8.3M | $4.6M | — | View 990 |
| 2016 | $5.7M | $4.2M | $2.0M | $420K | — | View 990 |
| 2015 | $2.5M | $2.2M | $807K | $658K | — | View 990 |
| 2014 | $821K | $810K | $482K | $89K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.8M, expenses of $28.5M, and assets of $34.6M (revenue -3.4% year-over-year).
- 2022: Revenue of $24.6M, expenses of $24.4M, and assets of $18.5M (revenue +2.5% year-over-year).
- 2021: Revenue of $24.0M, expenses of $21.3M, and assets of $23.8M (revenue +2.8% year-over-year).
- 2020: Revenue of $23.3M, expenses of $19.6M, and assets of $22.7M (revenue +13.6% year-over-year).
- 2019: Revenue of $20.6M, expenses of $19.5M, and assets of $18.1M (revenue +10.5% year-over-year).
- 2018: Revenue of $18.6M, expenses of $14.8M, and assets of $13.5M (revenue +66.4% year-over-year).
- 2017: Revenue of $11.2M, expenses of $9.2M, and assets of $8.3M (revenue +96.4% year-over-year).
- 2016: Revenue of $5.7M, expenses of $4.2M, and assets of $2.0M (revenue +126.2% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.2M, and assets of $807K (revenue +206.2% year-over-year).
- 2014: Revenue of $821K, expenses of $810K, and assets of $482K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Laboratory Charter Schools:
Data Sources and Methodology
This transparency report for Brooklyn Laboratory Charter Schools 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.