Future Leaders Institute Charter School
Future Leaders Institute Charter School consistently operates with surpluses and no reported officer compensation.
EIN: 202633976 · New York, NY · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $6.5M |
| Program Spending | 90% |
| Net Assets | $5.0M |
| Transparency Score | 92/100 |
Is Future Leaders Institute Charter School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Future Leaders Institute Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Future Leaders Institute Charter School
Future Leaders Institute Charter School (EIN: 202633976) is a nonprofit organization based in New York, NY, classified under NTEE code B29. The organization reported total revenue of $6.1M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Future Leaders Institute Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Future Leaders Institute Charter School is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $6.5M |
| Surplus / Deficit | +$177K |
| Total Assets | $6.9M |
| Total Liabilities | $1.9M |
| Net Assets | $5.0M |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 27.0% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2024, Future Leaders Institute Charter School reported a surplus of $177K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 27.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Future Leaders Institute Charter School's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -9.4% | -8.0% | +1.5% |
| 2023 | -4.3% | +7.3% | +5.0% |
| 2022 | +7.2% | +4.7% | +20.0% |
| 2021 | +0.6% | -4.5% | +17.7% |
| 2020 | +0.9% | -2.9% | +18.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Future Leaders Institute 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, Future Leaders Institute 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $177K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers directly from the organization's funds, or that these roles are filled by individuals compensated by other entities, which is a strong positive for directing funds to the mission.
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.
Strengths
The following positive indicators were identified for Future Leaders Institute Charter School:
- Consistent financial surpluses (e.g., $177,357 in 202406, $307,226 in 202306).
- Steady growth in assets (from $3,859,821 in 201906 to $6,890,183 in 202406).
- No reported officer compensation across all filings, indicating high mission focus.
- Strong program spending efficiency, typical for a charter school.
- Consistent and transparent IRS 990 filing history over 14 periods.
Frequently Asked Questions about Future Leaders Institute Charter School
Is Future Leaders Institute Charter School a legitimate charity?
Future Leaders Institute Charter School (EIN: 202633976) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $6.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Future Leaders Institute Charter School spend its money?
Future Leaders Institute Charter School directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Future Leaders Institute Charter School tax-deductible?
Future Leaders Institute Charter School is registered as a tax-exempt nonprofit (EIN: 202633976). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Future Leaders Institute Charter School's spending goes to programs?
Future Leaders Institute Charter School directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Future Leaders Institute Charter School compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Future Leaders Institute 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 Future Leaders Institute Charter School located?
Future Leaders Institute Charter School is headquartered in New York, New York and files with the IRS under EIN 202633976. It is classified under NTEE code B29.
How many years of IRS 990 filings does Future Leaders Institute Charter School have?
Future Leaders Institute Charter School has 14 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 $6.1M in total revenue.
Is Future Leaders Institute Charter School a good charity?
Based on the financial data, Future Leaders Institute Charter School appears to be a well-managed organization with consistent surpluses, growing assets, and no reported officer compensation, suggesting a strong commitment to its educational mission.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth, with assets increasing from $3,859,821 in 201906 to $6,890,183 in 202406, and revenues generally exceeding expenses, indicating improving financial health.
What is the trend in the organization's liabilities?
Liabilities have remained relatively stable over the past several years, fluctuating between approximately $1.7 million and $2.0 million, indicating responsible debt management relative to its growing assets.
Filing History
IRS 990 filing history for Future Leaders Institute Charter School showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Future Leaders Institute Charter School's revenue has grown by 10.9%, moving from $6.0M to $6.7M. Total assets increased by 117.1% over the same period, from $3.2M to $6.9M. Total functional expenses rose by 23.1%, from $5.3M to $6.5M. In its most recent filing year (2024), Future Leaders Institute Charter School reported a surplus of $177K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $6.9M in assets (debt-to-asset ratio: 27.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $6.7M | $6.5M | $6.9M | $1.9M | — | View 990 |
| 2023 | $7.4M | $7.1M | $6.8M | $1.9M | — | View 990 |
| 2022 | $7.7M | $6.6M | $6.5M | $1.9M | — | View 990 |
| 2021 | $7.2M | $6.3M | $5.4M | $2.0M | — | View 990 |
| 2020 | $7.1M | $6.6M | $4.6M | $2.0M | — | View 990 |
| 2019 | $7.1M | $6.8M | $3.9M | $1.9M | — | View 990 |
| 2018 | $6.2M | $6.6M | $3.5M | $1.8M | — | View 990 |
| 2017 | $6.3M | $7.0M | $3.8M | $1.7M | — | View 990 |
| 2016 | $6.2M | $6.6M | $4.4M | $1.6M | — | View 990 |
| 2015 | $6.4M | $6.2M | $4.8M | $1.6M | — | View 990 |
| 2014 | $5.9M | $5.8M | $4.5M | $1.5M | — | View 990 |
| 2013 | $5.5M | $4.8M | $4.1M | $1.3M | — | View 990 |
| 2012 | $5.8M | $5.3M | $3.5M | $1.4M | — | View 990 |
| 2011 | $6.0M | $5.3M | $3.2M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.7M, expenses of $6.5M, and assets of $6.9M (revenue -9.4% year-over-year).
- 2023: Revenue of $7.4M, expenses of $7.1M, and assets of $6.8M (revenue -4.3% year-over-year).
- 2022: Revenue of $7.7M, expenses of $6.6M, and assets of $6.5M (revenue +7.2% year-over-year).
- 2021: Revenue of $7.2M, expenses of $6.3M, and assets of $5.4M (revenue +0.6% year-over-year).
- 2020: Revenue of $7.1M, expenses of $6.6M, and assets of $4.6M (revenue +0.9% year-over-year).
- 2019: Revenue of $7.1M, expenses of $6.8M, and assets of $3.9M (revenue +14.6% year-over-year).
- 2018: Revenue of $6.2M, expenses of $6.6M, and assets of $3.5M (revenue -1.9% year-over-year).
- 2017: Revenue of $6.3M, expenses of $7.0M, and assets of $3.8M (revenue +1.9% year-over-year).
- 2016: Revenue of $6.2M, expenses of $6.6M, and assets of $4.4M (revenue -4.0% year-over-year).
- 2015: Revenue of $6.4M, expenses of $6.2M, and assets of $4.8M (revenue +8.5% year-over-year).
- 2014: Revenue of $5.9M, expenses of $5.8M, and assets of $4.5M (revenue +8.1% year-over-year).
- 2013: Revenue of $5.5M, expenses of $4.8M, and assets of $4.1M (revenue -5.0% year-over-year).
- 2012: Revenue of $5.8M, expenses of $5.3M, and assets of $3.5M (revenue -4.1% year-over-year).
- 2011: Revenue of $6.0M, expenses of $5.3M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Future Leaders Institute Charter School:
Data Sources and Methodology
This transparency report for Future Leaders Institute 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.