Family Life Academy Charter School
Family Life Academy Charter School shows consistent revenue growth and substantial asset accumulation with no reported officer compensation.
EIN: 134170389 · Bronx, NY · NTEE: B29 · Updated: 2026-03-28
Is Family Life Academy Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Family Life Academy Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Life Academy Charter School
Family Life Academy Charter School (EIN: 134170389) is a nonprofit organization based in Bronx, NY, classified under NTEE code B29. The organization reported total revenue of $45.5M and total assets of $115.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Life Academy Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Family Life Academy Charter School with a Mission Score of 92 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, Family Life Academy 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation directly from the organization, which is highly unusual for an organization of this size with $45,474,664 in latest revenue and $115,204,279 in assets.
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 Family Life Academy Charter School's IRS 990 filings:
- Unusually high asset growth between 2022 and 2023 without immediate explanation in summary data
- 0% officer compensation for an organization of this size may indicate compensation is paid by a related entity or not fully transparently reported under 'officer compensation'.
Strengths
The following positive indicators were identified for Family Life Academy Charter School:
- Consistent revenue growth over the past decade, from $8,020,356 in 201406 to $43,781,631 in 202306.
- Strong financial health with consistent surpluses (revenue exceeding expenses) in most recent periods, e.g., $43,781,631 revenue vs. $36,458,727 expenses in 202306.
- Substantial and growing asset base, reaching $121,371,367 in 202306, indicating strong financial capacity.
- No reported officer compensation, suggesting resources are directed towards programs.
- Low liabilities relative to assets in most periods, indicating good financial stability (e.g., $94,698,178 liabilities vs. $121,371,367 assets in 202306).
Frequently Asked Questions about Family Life Academy Charter School
Is Family Life Academy Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Life Academy Charter School (EIN: 134170389) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Family Life Academy Charter School spend its money?
Family Life Academy Charter School directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Family Life Academy Charter School tax-deductible?
Family Life Academy Charter School is registered as a tax-exempt nonprofit (EIN: 134170389). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Family Life Academy Charter School a good charity?
Based on the available financial data, Family Life Academy Charter School appears to be a financially healthy and well-managed organization. It consistently generates surpluses, has significantly grown its assets to $121,371,367, and reports 0% officer compensation, suggesting a strong focus on its mission. These factors generally indicate a good charity, particularly for an educational institution.
Why is officer compensation 0%?
The IRS 990 filings consistently report 0% officer compensation. This could mean that officers are compensated by a related organization, are volunteers, or their compensation is reported under a different category not explicitly labeled as 'officer compensation' in the summary data. Further investigation into the full 990 forms would be needed to clarify this.
What caused the significant increase in assets between 2022 and 2023?
Assets jumped from $24,672,479 in 202206 to $121,371,367 in 202306. This substantial increase likely indicates a major capital investment, such as the acquisition of new property or facilities, or a significant influx of restricted funds. A review of the organization's balance sheet in the full 990 filing would provide specific details.
Filing History
IRS 990 filing history for Family Life Academy Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Life Academy Charter School's revenue has grown by 584%, moving from $6.4M to $43.8M. Total assets increased by 7178.5% over the same period, from $1.7M to $121.4M. Total functional expenses rose by 497.2%, from $6.1M to $36.5M. In its most recent filing year (2023), Family Life Academy Charter School reported a surplus of $7.3M, with revenue exceeding expenses. The organization holds $94.7M in liabilities against $121.4M in assets (debt-to-asset ratio: 78.0%), resulting in net assets of $26.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $43.8M | $36.5M | $121.4M | $94.7M | — | — |
| 2022 | $37.1M | $32.1M | $24.7M | $5.3M | — | View 990 |
| 2021 | $34.7M | $28.6M | $22.1M | $7.7M | — | View 990 |
| 2020 | $31.0M | $27.7M | $17.8M | $9.5M | — | View 990 |
| 2019 | $23.3M | $21.8M | $12.2M | $7.3M | — | View 990 |
| 2018 | $20.5M | $19.4M | $8.2M | $4.7M | — | View 990 |
| 2017 | $17.2M | $17.2M | $5.9M | $3.6M | — | View 990 |
| 2016 | $15.6M | $14.4M | $4.4M | $2.1M | — | View 990 |
| 2015 | $13.8M | $13.3M | $3.3M | $2.3M | — | View 990 |
| 2014 | $8.0M | $8.5M | $2.4M | $1.7M | — | View 990 |
| 2013 | $7.4M | $7.2M | $2.2M | $977K | — | View 990 |
| 2012 | $7.1M | $7.0M | $1.8M | $759K | — | View 990 |
| 2011 | $6.4M | $6.1M | $1.7M | $769K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43.8M, expenses of $36.5M, and assets of $121.4M (revenue +18.0% year-over-year).
- 2022: Revenue of $37.1M, expenses of $32.1M, and assets of $24.7M (revenue +6.8% year-over-year).
- 2021: Revenue of $34.7M, expenses of $28.6M, and assets of $22.1M (revenue +12.1% year-over-year).
- 2020: Revenue of $31.0M, expenses of $27.7M, and assets of $17.8M (revenue +32.8% year-over-year).
- 2019: Revenue of $23.3M, expenses of $21.8M, and assets of $12.2M (revenue +13.9% year-over-year).
- 2018: Revenue of $20.5M, expenses of $19.4M, and assets of $8.2M (revenue +18.9% year-over-year).
- 2017: Revenue of $17.2M, expenses of $17.2M, and assets of $5.9M (revenue +10.4% year-over-year).
- 2016: Revenue of $15.6M, expenses of $14.4M, and assets of $4.4M (revenue +12.9% year-over-year).
- 2015: Revenue of $13.8M, expenses of $13.3M, and assets of $3.3M (revenue +72.2% year-over-year).
- 2014: Revenue of $8.0M, expenses of $8.5M, and assets of $2.4M (revenue +8.5% year-over-year).
- 2013: Revenue of $7.4M, expenses of $7.2M, and assets of $2.2M (revenue +3.5% year-over-year).
- 2012: Revenue of $7.1M, expenses of $7.0M, and assets of $1.8M (revenue +11.6% year-over-year).
- 2011: Revenue of $6.4M, expenses of $6.1M, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Family Life Academy 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.