Harlem School Of The Arts Inc
Harlem School Of The Arts Inc faces recent operational deficits despite strong asset growth and zero reported officer compensation.
EIN: 132552500 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.6M |
| Total Expenses | $6.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $6.5 |
| Net Assets | $14.5M |
| Transparency Score | 85/100 |
Is Harlem School Of The Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harlem School Of The Arts Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harlem School Of The Arts Inc
Harlem School Of The Arts Inc (EIN: 132552500) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.6M and total assets of $15.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harlem School Of The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harlem School Of The Arts Inc is a mid-size nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $6.7M |
| Surplus / Deficit | $-1,119,738 |
| Total Assets | $15.6M |
| Total Liabilities | $1.0M |
| Net Assets | $14.5M |
| Operating Margin | -20.2% |
| Debt-to-Asset Ratio | 6.5% |
| Months of Reserves | 28.0 months |
Financial Health Grade: B
In 2023, Harlem School Of The Arts Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 28.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Harlem School Of The Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +11.0% | -4.5% |
| 2022 | -6.7% | +29.7% | -9.6% |
| 2021 | -43.8% | -15.7% | +2.8% |
| 2020 | +4.4% | +3.6% | +57.4% |
| 2019 | +58.9% | +13.4% | +65.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1965 |
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 Harlem School Of The Arts Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Harlem School Of The Arts Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size with $6.5 million in latest revenue and $15.8 million in assets. This suggests either a volunteer leadership structure or that compensation is reported under different categories, warranting further investigation for full transparency.
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 Harlem School Of The Arts Inc's IRS 990 filings:
- Expenses exceeding revenue in the last two reported periods (202306 and 202206), indicating operational deficits.
- Consistent reporting of 0% officer compensation, which is atypical for an organization of this scale and may warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Harlem School Of The Arts Inc:
- Significant growth in assets over the past decade, from $4.8 million in 2014 to $15.8 million currently.
- Consistent and transparent filing of IRS 990 forms for 13 periods.
- Zero reported officer compensation across all filings, suggesting a strong commitment to program spending or a volunteer-led model.
Frequently Asked Questions about Harlem School Of The Arts Inc
Is Harlem School Of The Arts Inc a legitimate charity?
Harlem School Of The Arts Inc (EIN: 132552500) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Harlem School Of The Arts Inc spend its money?
Harlem School Of The Arts Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harlem School Of The Arts Inc tax-deductible?
Harlem School Of The Arts Inc is registered as a tax-exempt nonprofit (EIN: 132552500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harlem School Of The Arts Inc CEO make?
Harlem School Of The Arts Inc's highest-compensated officer earns $6.5 annually. The organization reported $6.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harlem School Of The Arts Inc's spending goes to programs?
Harlem School Of The Arts Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Harlem School Of The Arts Inc located?
Harlem School Of The Arts Inc is headquartered in New York, New York and files with the IRS under EIN 132552500.
How many years of IRS 990 filings does Harlem School Of The Arts Inc have?
Harlem School Of The Arts Inc has 13 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 $6.6M in total revenue.
Is Harlem School Of The Arts Inc a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its strong asset base, consistent filing history, and the reported 0% officer compensation, which suggests a high dedication to its mission. However, the recent trend of expenses exceeding revenue in 202306 and 202206 is a point to monitor.
What is the trend in the organization's financial health?
The organization has shown significant asset growth, from $4,825,694 in 201406 to $15,842,452 currently. However, the last two periods (202306 and 202206) show expenses exceeding revenue, indicating a short-term operational deficit despite the long-term asset accumulation.
How does the organization manage executive compensation?
The organization reports 0% officer compensation across all 13 available filings, which is highly unusual for an organization of this size. This could indicate a volunteer leadership model or that compensation is categorized differently, requiring deeper scrutiny of their detailed financial statements for clarity.
Filing History
IRS 990 filing history for Harlem School Of The Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harlem School Of The Arts Inc's revenue has grown by 43.4%, moving from $3.9M to $5.5M. Total assets increased by 587.8% over the same period, from $2.3M to $15.6M. Total functional expenses rose by 99.2%, from $3.3M to $6.7M. In its most recent filing year (2023), Harlem School Of The Arts Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $15.6M in assets (debt-to-asset ratio: 6.5%), resulting in net assets of $14.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.5M | $6.7M | $15.6M | $1.0M | — | — |
| 2022 | $5.4M | $6.0M | $16.3M | $768K | — | View 990 |
| 2021 | $5.8M | $4.6M | $18.0M | $1.4M | — | — |
| 2020 | $10.3M | $5.5M | $17.6M | $2.5M | — | View 990 |
| 2019 | $9.8M | $5.3M | $11.2M | $765K | — | View 990 |
| 2018 | $6.2M | $4.7M | $6.8M | $1.0M | — | View 990 |
| 2017 | $4.9M | $4.7M | $5.4M | $1.2M | — | View 990 |
| 2016 | $4.8M | $4.9M | $5.5M | $1.6M | — | View 990 |
| 2015 | $3.9M | $4.1M | $5.1M | $973K | — | View 990 |
| 2014 | $3.4M | $4.0M | $4.8M | $1.0M | — | View 990 |
| 2013 | $8.4M | $3.7M | $5.3M | $1.0M | — | View 990 |
| 2012 | $3.1M | $3.3M | $1.8M | $2.3M | — | View 990 |
| 2011 | $3.9M | $3.3M | $2.3M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.5M, expenses of $6.7M, and assets of $15.6M (revenue +3.1% year-over-year).
- 2022: Revenue of $5.4M, expenses of $6.0M, and assets of $16.3M (revenue -6.7% year-over-year).
- 2021: Revenue of $5.8M, expenses of $4.6M, and assets of $18.0M (revenue -43.8% year-over-year).
- 2020: Revenue of $10.3M, expenses of $5.5M, and assets of $17.6M (revenue +4.4% year-over-year).
- 2019: Revenue of $9.8M, expenses of $5.3M, and assets of $11.2M (revenue +58.9% year-over-year).
- 2018: Revenue of $6.2M, expenses of $4.7M, and assets of $6.8M (revenue +27.6% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.7M, and assets of $5.4M (revenue +0.9% year-over-year).
- 2016: Revenue of $4.8M, expenses of $4.9M, and assets of $5.5M (revenue +22.1% year-over-year).
- 2015: Revenue of $3.9M, expenses of $4.1M, and assets of $5.1M (revenue +15.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $4.0M, and assets of $4.8M (revenue -59.3% year-over-year).
- 2013: Revenue of $8.4M, expenses of $3.7M, and assets of $5.3M (revenue +172.1% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.3M, and assets of $1.8M (revenue -20.6% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.3M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harlem School Of The Arts Inc:
Data Sources and Methodology
This transparency report for Harlem School Of The Arts Inc 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.