Chapin School Ltd
Chapin School Ltd faces recent operational deficits despite substantial assets and consistent revenue.
EIN: 131635257 · New York, NY · NTEE: B200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $67.0M |
| Total Expenses | $69.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $60 |
| Net Assets | $252.0M |
| Transparency Score | 75/100 |
Is Chapin School Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chapin School Ltd directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chapin School Ltd
Chapin School Ltd (EIN: 131635257) is a nonprofit organization based in New York, NY, classified under NTEE code B200. The organization reported total revenue of $67.0M and total assets of $355.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chapin School Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chapin School Ltd is a major nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $63.3M |
| Total Expenses | $69.9M |
| Surplus / Deficit | $-6,623,079 |
| Total Assets | $355.1M |
| Total Liabilities | $103.1M |
| Net Assets | $252.0M |
| Operating Margin | -10.5% |
| Debt-to-Asset Ratio | 29.0% |
| Months of Reserves | 61.0 months |
Financial Health Grade: B
In 2023, Chapin School Ltd reported a deficit of $6.6M with expenses exceeding revenue, holds 61.0 months of operating reserves (strong position), has a debt-to-asset ratio of 29.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chapin School Ltd's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +9.1% | -2.3% |
| 2022 | +9.5% | +18.8% | -2.4% |
| 2021 | +7.3% | +9.7% | +2.5% |
| 2020 | -13.6% | -1.1% | -5.9% |
| 2019 | +1.1% | +1.2% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1938 |
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 Chapin School Ltd 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Chapin School Ltd 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 $6.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.0%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with annual revenues exceeding $60 million. This suggests that either the highest-paid individuals are not classified as 'officers' for reporting purposes, or their compensation is reported elsewhere, or the organization truly operates without paid officers, which would be highly efficient.
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 Chapin School Ltd's IRS 990 filings:
- Consistent operational deficits in recent fiscal years (e.g., 2023 and 2022)
- Unusual reporting of 0% officer compensation for an organization of this scale, warranting further investigation into executive pay structures.
Strengths
The following positive indicators were identified for Chapin School Ltd:
- Substantial and growing asset base, reaching $355,107,842 in 2023, indicating strong long-term financial stability.
- Consistent high revenue generation, generally exceeding $60 million annually.
- Long history of IRS 990 filings (13 filings), demonstrating consistent transparency.
Frequently Asked Questions about Chapin School Ltd
Is Chapin School Ltd a legitimate charity?
Chapin School Ltd (EIN: 131635257) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $67.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Chapin School Ltd spend its money?
Chapin School Ltd directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chapin School Ltd tax-deductible?
Chapin School Ltd is registered as a tax-exempt nonprofit (EIN: 131635257). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chapin School Ltd CEO make?
Chapin School Ltd's highest-compensated officer earns $60 annually. The organization reported $67.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chapin School Ltd's spending goes to programs?
Chapin School Ltd directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chapin School Ltd compare to similar nonprofits?
With a transparency score of 75/100 (Good), Chapin School Ltd is above average for NTEE category B200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chapin School Ltd located?
Chapin School Ltd is headquartered in New York, New York and files with the IRS under EIN 131635257. It is classified under NTEE code B200.
How many years of IRS 990 filings does Chapin School Ltd have?
Chapin School Ltd 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 $67.0M in total revenue.
Why has Chapin School Ltd experienced operational deficits in recent years?
In fiscal year 2023, expenses ($69,889,533) exceeded revenue ($63,266,454), and a similar trend was observed in 2022. This could be due to increased operational costs, investments in programs, or a temporary dip in revenue growth.
What is the nature of the '0% Officer Comp' reported across all filings?
The consistent reporting of 0% officer compensation is unusual for an organization with over $60 million in annual revenue. It suggests that either the highest-paid individuals are not formally designated as 'officers' for IRS reporting, or their compensation is categorized differently, or the organization truly has no compensated officers, which would be a significant efficiency.
How does Chapin School Ltd manage its substantial liabilities?
Liabilities have fluctuated, reaching $103,104,015 in 2023. Given the organization's significant assets ($355,107,842 in 2023), the liabilities appear manageable relative to its overall financial strength.
Filing History
IRS 990 filing history for Chapin School Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chapin School Ltd's revenue has grown by 37.1%, moving from $46.2M to $63.3M. Total assets increased by 81.4% over the same period, from $195.7M to $355.1M. Total functional expenses rose by 105.1%, from $34.1M to $69.9M. In its most recent filing year (2023), Chapin School Ltd reported a deficit of $6.6M, with expenses exceeding revenue. The organization holds $103.1M in liabilities against $355.1M in assets (debt-to-asset ratio: 29.0%), resulting in net assets of $252.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $63.3M | $69.9M | $355.1M | $103.1M | — | — |
| 2022 | $63.9M | $64.0M | $363.4M | $109.3M | — | View 990 |
| 2021 | $58.4M | $53.9M | $372.3M | $109.7M | — | View 990 |
| 2020 | $54.4M | $49.1M | $363.1M | $110.9M | — | View 990 |
| 2019 | $63.0M | $49.7M | $385.9M | $141.9M | — | View 990 |
| 2018 | $62.3M | $49.1M | $375.7M | $140.5M | — | View 990 |
| 2017 | $57.8M | $47.9M | $328.5M | $104.8M | — | View 990 |
| 2016 | $58.2M | $43.5M | $279.0M | $64.3M | — | View 990 |
| 2015 | $84.1M | $39.3M | $238.2M | $30.7M | — | View 990 |
| 2014 | $45.9M | $37.5M | $203.3M | $31.3M | — | View 990 |
| 2013 | $40.6M | $36.3M | $194.4M | $32.7M | — | View 990 |
| 2012 | $38.8M | $36.2M | $195.5M | $46.5M | — | View 990 |
| 2011 | $46.2M | $34.1M | $195.7M | $46.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $63.3M, expenses of $69.9M, and assets of $355.1M (revenue -1.0% year-over-year).
- 2022: Revenue of $63.9M, expenses of $64.0M, and assets of $363.4M (revenue +9.5% year-over-year).
- 2021: Revenue of $58.4M, expenses of $53.9M, and assets of $372.3M (revenue +7.3% year-over-year).
- 2020: Revenue of $54.4M, expenses of $49.1M, and assets of $363.1M (revenue -13.6% year-over-year).
- 2019: Revenue of $63.0M, expenses of $49.7M, and assets of $385.9M (revenue +1.1% year-over-year).
- 2018: Revenue of $62.3M, expenses of $49.1M, and assets of $375.7M (revenue +7.8% year-over-year).
- 2017: Revenue of $57.8M, expenses of $47.9M, and assets of $328.5M (revenue -0.7% year-over-year).
- 2016: Revenue of $58.2M, expenses of $43.5M, and assets of $279.0M (revenue -30.7% year-over-year).
- 2015: Revenue of $84.1M, expenses of $39.3M, and assets of $238.2M (revenue +83.2% year-over-year).
- 2014: Revenue of $45.9M, expenses of $37.5M, and assets of $203.3M (revenue +13.1% year-over-year).
- 2013: Revenue of $40.6M, expenses of $36.3M, and assets of $194.4M (revenue +4.6% year-over-year).
- 2012: Revenue of $38.8M, expenses of $36.2M, and assets of $195.5M (revenue -16.0% year-over-year).
- 2011: Revenue of $46.2M, expenses of $34.1M, and assets of $195.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chapin School Ltd:
Data Sources and Methodology
This transparency report for Chapin School Ltd 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.