Carl C Icahn Charter School
Carl C Icahn Charter School maintains stable assets despite recurring operational deficits and reports no officer compensation.
EIN: 134166657 · Bronx, NY · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.0M |
| Total Expenses | $7.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $8.1M |
| Transparency Score | 85/100 |
Is Carl C Icahn Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carl C Icahn Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carl C Icahn Charter School
Carl C Icahn Charter School (EIN: 134166657) is a nonprofit organization based in Bronx, NY, classified under NTEE code B29. The organization reported total revenue of $7.0M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carl C Icahn Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carl C Icahn 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 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $7.4M |
| Surplus / Deficit | $-514,190 |
| Total Assets | $11.0M |
| Total Liabilities | $2.9M |
| Net Assets | $8.1M |
| Operating Margin | -7.5% |
| Debt-to-Asset Ratio | 26.3% |
| Months of Reserves | 17.9 months |
Financial Health Grade: B
In 2023, Carl C Icahn Charter School reported a deficit of $514K with expenses exceeding revenue, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 26.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carl C Icahn Charter School's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.8% | +4.6% | -5.4% |
| 2022 | +8.6% | +31.4% | -6.8% |
| 2021 | +1.1% | -9.1% | -0.2% |
| 2020 | -2.7% | +3.6% | -4.8% |
| 2019 | +8.7% | +5.3% | -0.6% |
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 Carl C Icahn Charter School 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Carl C Icahn Charter School allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $514K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.3%.
Executive Compensation Analysis
The Carl C Icahn Charter School consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a highly efficient use of funds, directing resources entirely towards the school's operations and educational programs rather than executive salaries, which is commendable for an organization of its size with over $7 million in annual 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 Carl C Icahn Charter School's IRS 990 filings:
- Recurring operational deficits in several recent years (e.g., 2023, 2022, 2020) where expenses exceeded revenue.
- Gradual decline in total assets over the past decade, from $14.5M in 2014 to $10.9M in 2023.
Strengths
The following positive indicators were identified for Carl C Icahn Charter School:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
- Strong asset-to-liability ratio, demonstrating robust financial health despite operational fluctuations.
- Consistent filing of IRS Form 990s over 13 periods, showing commitment to transparency and compliance.
- Stable revenue growth over the past decade, from $4.8M in 2014 to $6.8M in 2023.
Frequently Asked Questions about Carl C Icahn Charter School
Is Carl C Icahn Charter School a legitimate charity?
Carl C Icahn Charter School (EIN: 134166657) 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: $7.0M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Carl C Icahn Charter School spend its money?
Carl C Icahn Charter School directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Carl C Icahn Charter School tax-deductible?
Carl C Icahn Charter School is registered as a tax-exempt nonprofit (EIN: 134166657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Carl C Icahn Charter School CEO make?
Carl C Icahn Charter School's highest-compensated officer earns $7 annually. The organization reported $7.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Carl C Icahn Charter School's spending goes to programs?
Carl C Icahn Charter School directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carl C Icahn Charter School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Carl C Icahn 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 Carl C Icahn Charter School located?
Carl C Icahn Charter School is headquartered in Bronx, New York and files with the IRS under EIN 134166657. It is classified under NTEE code B29.
How many years of IRS 990 filings does Carl C Icahn Charter School have?
Carl C Icahn 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 $7.0M in total revenue.
Is Carl C Icahn Charter School financially stable?
Yes, despite some operational deficits where expenses exceeded revenue (e.g., $7,366,196 expenses vs. $6,852,006 revenue in 2023), the organization maintains a strong balance sheet with assets of $10,960,038 significantly outweighing liabilities of $2,878,918 in 2023, indicating good financial stability.
How does Carl C Icahn Charter School manage executive compensation?
The Carl C Icahn Charter School reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers. This is a strong indicator of financial efficiency and a focus on program spending.
What is the trend in the school's assets and liabilities?
The school's assets have seen a gradual decrease from a high of $14,538,050 in 2014 to $10,960,038 in 2023, while liabilities have generally increased from $1,283,886 in 2014 to $2,878,918 in 2023. Despite these trends, assets remain substantially higher than liabilities.
Does the school consistently operate at a deficit?
The school has experienced several periods where expenses exceeded revenue, such as in 2023 ($7,366,196 expenses vs. $6,852,006 revenue) and 2022 ($7,039,598 expenses vs. $6,185,112 revenue). However, there are also periods of surplus, like 2021 ($5,697,868 revenue vs. $5,356,940 expenses), indicating a fluctuating operational margin.
Filing History
IRS 990 filing history for Carl C Icahn Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carl C Icahn Charter School's revenue has grown by 35.7%, moving from $5.1M to $6.9M. Total assets decreased by 31.7% over the same period, from $16.0M to $11.0M. Total functional expenses rose by 44.9%, from $5.1M to $7.4M. In its most recent filing year (2023), Carl C Icahn Charter School reported a deficit of $514K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $11.0M in assets (debt-to-asset ratio: 26.3%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $7.4M | $11.0M | $2.9M | — | View 990 |
| 2022 | $6.2M | $7.0M | $11.6M | $2.5M | — | View 990 |
| 2021 | $5.7M | $5.4M | $12.4M | $2.0M | — | View 990 |
| 2020 | $5.6M | $5.9M | $12.4M | $1.9M | — | View 990 |
| 2019 | $5.8M | $5.7M | $13.1M | $1.8M | — | View 990 |
| 2018 | $5.3M | $5.4M | $13.2M | $1.4M | — | View 990 |
| 2017 | $5.0M | $4.8M | $13.5M | $1.2M | — | View 990 |
| 2016 | $4.8M | $4.7M | $13.8M | $1.3M | — | View 990 |
| 2015 | $4.8M | $5.2M | $14.2M | $1.3M | — | View 990 |
| 2014 | $4.9M | $5.6M | $14.5M | $1.3M | — | View 990 |
| 2013 | $4.9M | $5.4M | $15.3M | $1.3M | — | View 990 |
| 2012 | $5.0M | $5.3M | $15.8M | $1.3M | — | View 990 |
| 2011 | $5.1M | $5.1M | $16.0M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $7.4M, and assets of $11.0M (revenue +10.8% year-over-year).
- 2022: Revenue of $6.2M, expenses of $7.0M, and assets of $11.6M (revenue +8.6% year-over-year).
- 2021: Revenue of $5.7M, expenses of $5.4M, and assets of $12.4M (revenue +1.1% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.9M, and assets of $12.4M (revenue -2.7% year-over-year).
- 2019: Revenue of $5.8M, expenses of $5.7M, and assets of $13.1M (revenue +8.7% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.4M, and assets of $13.2M (revenue +5.9% year-over-year).
- 2017: Revenue of $5.0M, expenses of $4.8M, and assets of $13.5M (revenue +4.5% year-over-year).
- 2016: Revenue of $4.8M, expenses of $4.7M, and assets of $13.8M (revenue -0.5% year-over-year).
- 2015: Revenue of $4.8M, expenses of $5.2M, and assets of $14.2M (revenue -0.9% year-over-year).
- 2014: Revenue of $4.9M, expenses of $5.6M, and assets of $14.5M (revenue +0.5% year-over-year).
- 2013: Revenue of $4.9M, expenses of $5.4M, and assets of $15.3M (revenue -3.7% year-over-year).
- 2012: Revenue of $5.0M, expenses of $5.3M, and assets of $15.8M (revenue -0.1% year-over-year).
- 2011: Revenue of $5.1M, expenses of $5.1M, and assets of $16.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carl C Icahn Charter School:
Data Sources and Methodology
This transparency report for Carl C Icahn 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.