Family Life Academy Charter School

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Family Life Academy Charter School Form 990, Revenue, CEO Pay, and IRS Filing Signals

Family Life Academy Charter School is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Family Life Academy Charter School in one place.

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 →

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Request a concise report for Family Life Academy Charter School with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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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.

Organization Overview

Family Life Academy Charter School is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Family Life Academy Charter School reported a surplus of $7.3M with revenue exceeding expenses, holds 39.9 months of operating reserves (strong position), has a debt-to-asset ratio of 78.0% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Family Life Academy Charter School's revenue has grown at a compound annual growth rate (CAGR) of 17.4%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $7.3M, with revenue exceeding expenses.
• Debt-to-asset ratio: 78.0%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Family Life Academy Charter School:

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.