Harbor Science And Arts Charter School
Harbor Science And Arts Charter School shows asset growth but frequently operates with expenses exceeding revenue.
EIN: 134121591 · New York, NY · NTEE: B212 · Updated: 2026-03-28
Is Harbor Science And Arts Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harbor Science And Arts Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harbor Science And Arts Charter School
Harbor Science And Arts Charter School (EIN: 134121591) is a nonprofit organization based in New York, NY, classified under NTEE code B212. The organization reported total revenue of $5.4M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harbor Science And Arts 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 Harbor Science And Arts Charter School 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Harbor Science And Arts Charter School allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 from the organization, which is highly unusual for an organization of this size with annual revenues exceeding $4 million.
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 Harbor Science And Arts Charter School's IRS 990 filings:
- Frequent periods where expenses exceed revenue (e.g., 202306, 202206, 201806), indicating potential operational deficits.
- Unusually low liabilities in 202206 ($718,382) compared to 202306 ($2,907,152), warranting further investigation into the cause of this fluctuation.
Strengths
The following positive indicators were identified for Harbor Science And Arts Charter School:
- Consistent growth in assets over the past decade, from $481,247 in 2014 to $3,310,264 in 2023.
- Zero reported officer compensation across all 13 filings, indicating high efficiency in executive spending.
- Stable revenue generation consistently above $4 million annually, demonstrating sustained operational capacity.
Frequently Asked Questions about Harbor Science And Arts Charter School
Is Harbor Science And Arts Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Harbor Science And Arts Charter School (EIN: 134121591) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Harbor Science And Arts Charter School spend its money?
Harbor Science And Arts Charter School directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harbor Science And Arts Charter School tax-deductible?
Harbor Science And Arts Charter School is registered as a tax-exempt nonprofit (EIN: 134121591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Harbor Science And Arts Charter School a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its strong program focus and zero reported officer compensation. However, potential donors should investigate the consistent deficits in some years and how the organization manages its operational funding.
How does Harbor Science And Arts Charter School manage its finances given recurring deficits?
The organization has experienced several periods where expenses exceeded revenue, such as in 2023 ($4,893,568 expenses vs. $4,385,176 revenue). While assets have grown, this pattern suggests reliance on prior year surpluses or other funding mechanisms to cover operational gaps. Further inquiry into their financial planning and reserve policies would be beneficial.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly significant. It suggests that either executive leadership is entirely volunteer-based, or their compensation is covered by a related entity, or not reported in this section. This practice, if truly volunteer-driven, indicates a strong dedication to the mission and efficient use of funds.
Filing History
IRS 990 filing history for Harbor Science And Arts Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harbor Science And Arts Charter School's revenue has grown by 33%, moving from $3.3M to $4.4M. Total assets increased by 560.6% over the same period, from $501K to $3.3M. Total functional expenses rose by 53.3%, from $3.2M to $4.9M. In its most recent filing year (2023), Harbor Science And Arts Charter School reported a deficit of $508K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $3.3M in assets (debt-to-asset ratio: 87.8%), resulting in net assets of $403K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.9M | $3.3M | $2.9M | — | — |
| 2022 | $5.3M | $5.1M | $1.6M | $718K | — | View 990 |
| 2021 | $4.3M | $4.2M | $1.8M | $1.2M | — | — |
| 2020 | $4.4M | $4.2M | $1.4M | $883K | — | View 990 |
| 2019 | $4.6M | $4.6M | $760K | $530K | — | View 990 |
| 2018 | $4.1M | $4.3M | $720K | $525K | — | View 990 |
| 2017 | $4.2M | $4.0M | $863K | $507K | — | View 990 |
| 2016 | $4.0M | $4.0M | $706K | $484K | — | View 990 |
| 2015 | $4.1M | $4.0M | $701K | $466K | — | View 990 |
| 2014 | $3.9M | $3.9M | $481K | $379K | — | View 990 |
| 2013 | $3.8M | $4.0M | $540K | $403K | — | View 990 |
| 2012 | $3.7M | $3.8M | $539K | $246K | — | View 990 |
| 2011 | $3.3M | $3.2M | $501K | $186K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.9M, and assets of $3.3M (revenue -17.9% year-over-year).
- 2022: Revenue of $5.3M, expenses of $5.1M, and assets of $1.6M (revenue +23.8% year-over-year).
- 2021: Revenue of $4.3M, expenses of $4.2M, and assets of $1.8M (revenue -2.7% year-over-year).
- 2020: Revenue of $4.4M, expenses of $4.2M, and assets of $1.4M (revenue -3.5% year-over-year).
- 2019: Revenue of $4.6M, expenses of $4.6M, and assets of $760K (revenue +10.8% year-over-year).
- 2018: Revenue of $4.1M, expenses of $4.3M, and assets of $720K (revenue -0.8% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.0M, and assets of $863K (revenue +4.3% year-over-year).
- 2016: Revenue of $4.0M, expenses of $4.0M, and assets of $706K (revenue -2.7% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.0M, and assets of $701K (revenue +5.4% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.9M, and assets of $481K (revenue +2.9% year-over-year).
- 2013: Revenue of $3.8M, expenses of $4.0M, and assets of $540K (revenue +1.7% year-over-year).
- 2012: Revenue of $3.7M, expenses of $3.8M, and assets of $539K (revenue +13.2% year-over-year).
- 2011: Revenue of $3.3M, expenses of $3.2M, and assets of $501K.
Data Sources and Methodology
This transparency report for Harbor Science And Arts 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.