Brooklyn Rail Inc
Brooklyn Rail Inc shows strong asset growth and consistent revenue, with no reported officer compensation.
EIN: 113562004 · Brooklyn, NY · NTEE: A30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Brooklyn Rail Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brooklyn Rail Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brooklyn Rail Inc
Brooklyn Rail Inc (EIN: 113562004) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A30. The organization reported total revenue of $2.8M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Rail Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Rail Inc is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 18.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-28,795 |
| Total Assets | $2.2M |
| Total Liabilities | $135K |
| Net Assets | $2.1M |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 6.1% |
| Months of Reserves | 13.4 months |
Financial Health Grade: B
In 2023, Brooklyn Rail Inc reported a deficit of $29K with expenses exceeding revenue, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 6.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Brooklyn Rail Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.1% | +2.5% | -8.8% |
| 2022 | -19.9% | +79.4% | +27.9% |
| 2021 | +172.2% | +13.3% | +403.9% |
| 2020 | -21.2% | -34.9% | +28.3% |
| 2019 | +33.8% | +79.6% | -32.2% |
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 Rail 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Brooklyn Rail Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers received compensation from the organization, which is highly unusual for an organization with revenues exceeding $2 million and assets over $2 million.
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 Rail Inc's IRS 990 filings:
- Unusually low liabilities in some periods (e.g., $0 in 2014, 2015, 2017) which could indicate incomplete reporting or specific financial structures.
- 0% officer compensation reported across all periods for an organization of this size, which is highly unusual and might warrant further investigation into how leadership is compensated or if key roles are entirely volunteer-based.
Strengths
The following positive indicators were identified for Brooklyn Rail Inc:
- Strong and consistent asset growth, from $93,071 in 2014 to $2,204,390 in 2023.
- Significant revenue growth over the past decade, demonstrating increasing support and operational capacity.
- Consistent positive net assets, indicating financial stability and accumulation of resources.
- No reported officer compensation, suggesting a high dedication of funds directly to the mission.
- Excellent transparency with 14 IRS 990 filings available.
Frequently Asked Questions about Brooklyn Rail Inc
Is Brooklyn Rail Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brooklyn Rail Inc (EIN: 113562004) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Brooklyn Rail Inc spend its money?
Brooklyn Rail Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brooklyn Rail Inc tax-deductible?
Brooklyn Rail Inc is registered as a tax-exempt nonprofit (EIN: 113562004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brooklyn Rail Inc CEO make?
Brooklyn Rail Inc's highest-compensated officer earns $2 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brooklyn Rail Inc's spending goes to programs?
Brooklyn Rail Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brooklyn Rail Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Brooklyn Rail Inc is above average for NTEE category A30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brooklyn Rail Inc located?
Brooklyn Rail Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113562004. It is classified under NTEE code A30.
How many years of IRS 990 filings does Brooklyn Rail Inc have?
Brooklyn Rail Inc 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 $2.8M in total revenue.
Is Brooklyn Rail Inc a good charity?
Based on the provided data, Brooklyn Rail Inc appears to be a financially sound organization with strong asset growth and a commitment to its mission, evidenced by 0% officer compensation. Its consistent revenue generation and positive net assets suggest effective management.
How has Brooklyn Rail Inc's financial health changed over time?
Brooklyn Rail Inc has shown significant financial growth, with revenues increasing from $563,207 in 2014 to $1,943,536 in 2023, and assets growing from $93,071 to $2,204,390 over the same period, indicating a strong upward trend in financial health.
What is the trend in Brooklyn Rail Inc's liabilities?
Liabilities have fluctuated, from $0 in 2014 and 2015, peaking at $326,845 in 2022, and then decreasing to $135,324 in 2023. This indicates that the organization generally manages its liabilities well relative to its growing assets.
Filing History
IRS 990 filing history for Brooklyn Rail Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Brooklyn Rail Inc's revenue has grown by 833%, moving from $208K to $1.9M. Total assets increased by 4733.6% over the same period, from $46K to $2.2M. Total functional expenses rose by 795.7%, from $220K to $2.0M. In its most recent filing year (2023), Brooklyn Rail Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $135K in liabilities against $2.2M in assets (debt-to-asset ratio: 6.1%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.0M | $2.2M | $135K | — | — |
| 2022 | $2.1M | $1.9M | $2.4M | $327K | — | View 990 |
| 2021 | $2.7M | $1.1M | $1.9M | $45K | — | View 990 |
| 2020 | $980K | $947K | $375K | $125K | — | View 990 |
| 2019 | $1.2M | $1.5M | $292K | $75K | — | View 990 |
| 2018 | $930K | $810K | $431K | $3K | — | View 990 |
| 2017 | $744K | $888K | $309K | $0 | — | View 990 |
| 2016 | $977K | $691K | $478K | $25K | — | View 990 |
| 2015 | $751K | $677K | $167K | $0 | — | View 990 |
| 2014 | $563K | $629K | $93K | $0 | — | View 990 |
| 2013 | $611K | $485K | $159K | $0 | — | View 990 |
| 2012 | $246K | $262K | $32K | $0 | — | View 990 |
| 2011 | $329K | $324K | $48K | $0 | — | View 990 |
| 2010 | $208K | $220K | $46K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.0M, and assets of $2.2M (revenue -9.1% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.9M, and assets of $2.4M (revenue -19.9% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.1M, and assets of $1.9M (revenue +172.2% year-over-year).
- 2020: Revenue of $980K, expenses of $947K, and assets of $375K (revenue -21.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.5M, and assets of $292K (revenue +33.8% year-over-year).
- 2018: Revenue of $930K, expenses of $810K, and assets of $431K (revenue +25.0% year-over-year).
- 2017: Revenue of $744K, expenses of $888K, and assets of $309K (revenue -23.9% year-over-year).
- 2016: Revenue of $977K, expenses of $691K, and assets of $478K (revenue +30.1% year-over-year).
- 2015: Revenue of $751K, expenses of $677K, and assets of $167K (revenue +33.3% year-over-year).
- 2014: Revenue of $563K, expenses of $629K, and assets of $93K (revenue -7.8% year-over-year).
- 2013: Revenue of $611K, expenses of $485K, and assets of $159K (revenue +147.8% year-over-year).
- 2012: Revenue of $246K, expenses of $262K, and assets of $32K (revenue -25.1% year-over-year).
- 2011: Revenue of $329K, expenses of $324K, and assets of $48K (revenue +57.9% year-over-year).
- 2010: Revenue of $208K, expenses of $220K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Rail Inc:
Data Sources and Methodology
This transparency report for Brooklyn Rail 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.