Hewitt School
Hewitt School reports a $5.4 million deficit in 2023, despite a decade of stable assets.
EIN: 131658789 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $38.6M |
| Total Expenses | $36.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $34.9M |
| Transparency Score | 75/100 |
Is Hewitt School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hewitt School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hewitt School
Hewitt School (EIN: 131658789) is a nonprofit organization based in New York, NY. The organization reported total revenue of $38.6M and total assets of $64.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hewitt School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hewitt School is a large nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.4M |
| Total Expenses | $36.9M |
| Surplus / Deficit | $-5,423,414 |
| Total Assets | $68.0M |
| Total Liabilities | $33.1M |
| Net Assets | $34.9M |
| Operating Margin | -17.3% |
| Debt-to-Asset Ratio | 48.7% |
| Months of Reserves | 22.1 months |
Financial Health Grade: B
In 2023, Hewitt School reported a deficit of $5.4M with expenses exceeding revenue, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 48.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hewitt School's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.9% | +4.5% | -6.4% |
| 2022 | +3.9% | +12.2% | -8.0% |
| 2021 | +8.0% | -1.1% | +13.4% |
| 2020 | +1.2% | +3.4% | -6.0% |
| 2019 | +2.4% | +5.2% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 Hewitt School with a Mission Score of 75 out of 100 (Good). 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, Hewitt School 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 $5.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 48.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization with annual revenues exceeding $30 million. This suggests that executive compensation may be reported under different categories or that the highest-ranking officers are not compensated directly through the organization's reported officer compensation line.
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 Hewitt School's IRS 990 filings:
- Significant deficit in the latest fiscal year (2023), with expenses exceeding revenue by over $5 million.
- Consistent reporting of 0% officer compensation, which may obscure actual executive compensation practices without further detail.
- Fluctuating asset base, with a notable decrease from $78.9 million in 2021 to $67.9 million in 2023.
Strengths
The following positive indicators were identified for Hewitt School:
- Long history of IRS 990 filings (13 years), indicating strong transparency and compliance.
- Substantial asset base, consistently above $60 million, providing financial stability.
- Generally stable revenue stream over the past decade, demonstrating consistent operational capacity.
Frequently Asked Questions about Hewitt School
Is Hewitt School a legitimate charity?
Hewitt School (EIN: 131658789) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $38.6M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Hewitt School spend its money?
Hewitt School directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hewitt School tax-deductible?
Hewitt School is registered as a tax-exempt nonprofit (EIN: 131658789). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hewitt School CEO make?
Hewitt School's highest-compensated officer earns $30 annually. The organization reported $38.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hewitt School's spending goes to programs?
Hewitt School directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hewitt School located?
Hewitt School is headquartered in New York, New York and files with the IRS under EIN 131658789.
How many years of IRS 990 filings does Hewitt School have?
Hewitt School 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 $38.6M in total revenue.
Why did expenses exceed revenue by over $5 million in the 2023 fiscal year?
The 2023 filing shows expenses of $36,853,163 against revenues of $31,429,749, resulting in a significant deficit. This is a departure from previous years where expenses were generally in line with or below revenue.
How is executive compensation handled if 'Officer Comp' is consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all 13 filings suggests that compensation for key executives might be categorized differently within the 990, or that these roles are filled by uncompensated individuals. Further review of the full 990 form, specifically Part VII, Section A, would clarify this.
What is the long-term strategy for managing the organization's liabilities, which have remained substantial?
Liabilities have consistently been in the range of $30-35 million over the past decade, reaching $33,097,603 in 2023. Understanding the nature of these liabilities (e.g., long-term debt, deferred revenue) and the strategy for their management is important for assessing financial risk.
Filing History
IRS 990 filing history for Hewitt School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hewitt School's revenue has grown by 50.1%, moving from $20.9M to $31.4M. Total assets increased by 57.4% over the same period, from $43.2M to $68.0M. Total functional expenses rose by 80.7%, from $20.4M to $36.9M. In its most recent filing year (2023), Hewitt School reported a deficit of $5.4M, with expenses exceeding revenue. The organization holds $33.1M in liabilities against $68.0M in assets (debt-to-asset ratio: 48.7%), resulting in net assets of $34.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.4M | $36.9M | $68.0M | $33.1M | — | — |
| 2022 | $35.3M | $35.3M | $72.6M | $31.8M | — | View 990 |
| 2021 | $34.0M | $31.4M | $79.0M | $34.8M | — | View 990 |
| 2020 | $31.5M | $31.8M | $69.6M | $30.5M | — | View 990 |
| 2019 | $31.1M | $30.8M | $74.1M | $33.5M | — | View 990 |
| 2018 | $30.4M | $29.2M | $74.7M | $34.6M | — | View 990 |
| 2017 | $28.1M | $27.8M | $74.4M | $35.4M | — | View 990 |
| 2016 | $26.6M | $25.9M | $72.4M | $34.4M | — | View 990 |
| 2015 | $29.8M | $24.6M | $70.5M | $32.9M | — | View 990 |
| 2014 | $27.5M | $23.6M | $66.0M | $33.5M | — | View 990 |
| 2013 | $27.4M | $25.4M | $60.5M | $32.7M | — | View 990 |
| 2012 | $25.0M | $21.5M | $58.1M | $32.4M | — | View 990 |
| 2011 | $20.9M | $20.4M | $43.2M | $20.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.4M, expenses of $36.9M, and assets of $68.0M (revenue -10.9% year-over-year).
- 2022: Revenue of $35.3M, expenses of $35.3M, and assets of $72.6M (revenue +3.9% year-over-year).
- 2021: Revenue of $34.0M, expenses of $31.4M, and assets of $79.0M (revenue +8.0% year-over-year).
- 2020: Revenue of $31.5M, expenses of $31.8M, and assets of $69.6M (revenue +1.2% year-over-year).
- 2019: Revenue of $31.1M, expenses of $30.8M, and assets of $74.1M (revenue +2.4% year-over-year).
- 2018: Revenue of $30.4M, expenses of $29.2M, and assets of $74.7M (revenue +7.9% year-over-year).
- 2017: Revenue of $28.1M, expenses of $27.8M, and assets of $74.4M (revenue +5.7% year-over-year).
- 2016: Revenue of $26.6M, expenses of $25.9M, and assets of $72.4M (revenue -10.8% year-over-year).
- 2015: Revenue of $29.8M, expenses of $24.6M, and assets of $70.5M (revenue +8.6% year-over-year).
- 2014: Revenue of $27.5M, expenses of $23.6M, and assets of $66.0M (revenue +0.3% year-over-year).
- 2013: Revenue of $27.4M, expenses of $25.4M, and assets of $60.5M (revenue +9.6% year-over-year).
- 2012: Revenue of $25.0M, expenses of $21.5M, and assets of $58.1M (revenue +19.3% year-over-year).
- 2011: Revenue of $20.9M, expenses of $20.4M, and assets of $43.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hewitt School:
Data Sources and Methodology
This transparency report for Hewitt 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.