Charter School For Applied Technologies
Charter School For Applied Technologies shows consistent revenue growth and healthy asset accumulation with no reported officer compensation.
EIN: 161603918 · Buffalo, NY · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $49.0M |
| Total Expenses | $37.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $33.0M |
| Transparency Score | 85/100 |
Is Charter School For Applied Technologies Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charter School For Applied Technologies directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charter School For Applied Technologies
Charter School For Applied Technologies (EIN: 161603918) is a nonprofit organization based in Buffalo, NY, classified under NTEE code B20. The organization reported total revenue of $49.0M and total assets of $65.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charter School For Applied Technologies's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charter School For Applied Technologies is a large nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38.7M |
| Total Expenses | $37.2M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $63.3M |
| Total Liabilities | $30.3M |
| Net Assets | $33.0M |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 47.9% |
| Months of Reserves | 20.4 months |
Financial Health Grade: A
In 2023, Charter School For Applied Technologies reported a surplus of $1.5M with revenue exceeding expenses, holds 20.4 months of operating reserves (strong position), has a debt-to-asset ratio of 47.9% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Charter School For Applied Technologies's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.8% | +0.4% | +17.3% |
| 2022 | +9.4% | +11.3% | -5.1% |
| 2021 | +0.2% | +0.2% | +9.2% |
| 2020 | -6.1% | +5.8% | +4.7% |
| 2019 | +19.5% | +5.6% | +18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Charter School For Applied Technologies 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, Charter School For Applied Technologies 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 surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with nearly $40 million in annual revenue and over $60 million in assets. This suggests that executive compensation may be structured differently, potentially through a management company or other related entities, or that leadership roles are filled by individuals not classified as 'officers' for compensation reporting purposes on the 990.
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 Charter School For Applied Technologies's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and warrants further investigation into executive compensation structures.
Strengths
The following positive indicators were identified for Charter School For Applied Technologies:
- Consistent revenue growth, increasing from $22.3 million in 2014 to $38.7 million in 2023.
- Strong asset growth, nearly doubling from $31.9 million in 2014 to $63.3 million in 2023.
- Consistent operational surpluses, indicating sound financial management (e.g., $1.4 million surplus in 2023).
- High program focus, as implied by the absence of reported officer compensation and consistent surpluses.
Frequently Asked Questions about Charter School For Applied Technologies
Is Charter School For Applied Technologies a legitimate charity?
Charter School For Applied Technologies (EIN: 161603918) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $49.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Charter School For Applied Technologies spend its money?
Charter School For Applied Technologies directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Charter School For Applied Technologies tax-deductible?
Charter School For Applied Technologies is registered as a tax-exempt nonprofit (EIN: 161603918). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Charter School For Applied Technologies CEO make?
Charter School For Applied Technologies's highest-compensated officer earns $40 annually. The organization reported $49.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Charter School For Applied Technologies's spending goes to programs?
Charter School For Applied Technologies directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Charter School For Applied Technologies compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Charter School For Applied Technologies 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 Charter School For Applied Technologies located?
Charter School For Applied Technologies is headquartered in Buffalo, New York and files with the IRS under EIN 161603918. It is classified under NTEE code B20.
How many years of IRS 990 filings does Charter School For Applied Technologies have?
Charter School For Applied Technologies 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 $49.0M in total revenue.
How is executive leadership compensated if 'Officer Comp' is consistently 0%?
The consistent reporting of 0% officer compensation across all 12 filings, despite the organization's significant size and revenue, suggests that executive compensation might be paid through a related management entity, or that key leadership roles are not classified as 'officers' for 990 reporting purposes. Further investigation into the organization's contracts and related party transactions would be necessary to understand the full compensation structure.
What is the specific breakdown of program, administrative, and fundraising expenses?
While the provided data indicates overall expenses, a detailed breakdown of program, administrative, and fundraising costs is not available in this summary. However, given the consistent surpluses and asset growth, it is likely that a significant portion of expenses is directed towards program services, which is typical for a well-managed educational institution.
What is the organization's strategy for managing its growing liabilities?
The organization's liabilities have grown from $22.7 million in 2014 to $30.3 million in 2023. While assets have grown at a faster rate, maintaining a healthy asset-to-liability ratio, understanding the nature of these liabilities (e.g., long-term debt, operational payables) and the strategy for their management is important for long-term financial stability.
Filing History
IRS 990 filing history for Charter School For Applied Technologies showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Charter School For Applied Technologies's revenue has grown by 71.4%, moving from $22.6M to $38.7M. Total assets increased by 90.2% over the same period, from $33.3M to $63.3M. Total functional expenses rose by 62.1%, from $22.9M to $37.2M. In its most recent filing year (2023), Charter School For Applied Technologies reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $30.3M in liabilities against $63.3M in assets (debt-to-asset ratio: 47.9%), resulting in net assets of $33.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38.7M | $37.2M | $63.3M | $30.3M | — | View 990 |
| 2022 | $39.4M | $37.1M | $54.0M | $23.8M | — | View 990 |
| 2021 | $36.0M | $33.3M | $56.8M | $25.2M | — | View 990 |
| 2020 | $35.9M | $33.2M | $52.0M | $25.0M | — | — |
| 2019 | $38.3M | $31.4M | $49.7M | $25.5M | — | View 990 |
| 2018 | $32.1M | $29.7M | $41.9M | $25.1M | — | View 990 |
| 2017 | $29.7M | $26.2M | $36.8M | $20.9M | — | — |
| 2016 | $27.9M | $24.7M | $34.0M | $21.9M | — | View 990 |
| 2015 | $26.1M | $26.4M | $31.9M | $23.0M | — | View 990 |
| 2014 | $22.3M | $22.9M | $31.9M | $22.7M | — | View 990 |
| 2013 | $23.1M | $24.2M | $32.4M | $22.8M | — | View 990 |
| 2012 | $22.6M | $22.9M | $33.3M | $22.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38.7M, expenses of $37.2M, and assets of $63.3M (revenue -1.8% year-over-year).
- 2022: Revenue of $39.4M, expenses of $37.1M, and assets of $54.0M (revenue +9.4% year-over-year).
- 2021: Revenue of $36.0M, expenses of $33.3M, and assets of $56.8M (revenue +0.2% year-over-year).
- 2020: Revenue of $35.9M, expenses of $33.2M, and assets of $52.0M (revenue -6.1% year-over-year).
- 2019: Revenue of $38.3M, expenses of $31.4M, and assets of $49.7M (revenue +19.5% year-over-year).
- 2018: Revenue of $32.1M, expenses of $29.7M, and assets of $41.9M (revenue +7.9% year-over-year).
- 2017: Revenue of $29.7M, expenses of $26.2M, and assets of $36.8M (revenue +6.3% year-over-year).
- 2016: Revenue of $27.9M, expenses of $24.7M, and assets of $34.0M (revenue +7.1% year-over-year).
- 2015: Revenue of $26.1M, expenses of $26.4M, and assets of $31.9M (revenue +17.0% year-over-year).
- 2014: Revenue of $22.3M, expenses of $22.9M, and assets of $31.9M (revenue -3.4% year-over-year).
- 2013: Revenue of $23.1M, expenses of $24.2M, and assets of $32.4M (revenue +2.3% year-over-year).
- 2012: Revenue of $22.6M, expenses of $22.9M, and assets of $33.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charter School For Applied Technologies:
Data Sources and Methodology
This transparency report for Charter School For Applied Technologies 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.