Hoosac School
Hoosac School shows strong revenue growth and consistent surpluses over the past decade.
EIN: 131687137 · Hoosick, NY · NTEE: B25Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.9M |
| Total Expenses | $10.5M |
| Program Spending | 85% |
| Net Assets | $9.5M |
| Transparency Score | 85/100 |
Is Hoosac School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoosac School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hoosac School
Hoosac School (EIN: 131687137) is a nonprofit organization based in Hoosick, NY, classified under NTEE code B25Z. The organization reported total revenue of $12.9M and total assets of $14.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoosac School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoosac School is a large nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.4M |
| Total Expenses | $10.5M |
| Surplus / Deficit | +$2.9M |
| Total Assets | $13.8M |
| Total Liabilities | $4.3M |
| Net Assets | $9.5M |
| Operating Margin | 21.4% |
| Debt-to-Asset Ratio | 31.3% |
| Months of Reserves | 15.8 months |
Financial Health Grade: A
In 2023, Hoosac School reported a surplus of $2.9M with revenue exceeding expenses, holds 15.8 months of operating reserves (strong position), has a debt-to-asset ratio of 31.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hoosac School's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.4% | +6.3% | +41.7% |
| 2022 | +19.5% | +15.4% | +16.3% |
| 2021 | -9.9% | -2.3% | +7.6% |
| 2020 | +20.9% | +11.0% | -2.7% |
| 2019 | +18.3% | +22.2% | +15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 1944 |
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 Hoosac 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hoosac School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.3%.
Executive Compensation Analysis
The provided data consistently shows 'Officer Comp=0%' for all listed periods, which suggests that compensation for officers, directors, trustees, and key employees is either not reported on this specific line of the 990 summary or is not directly paid by the organization in a manner that triggers this reporting. A full review of the IRS Form 990, Part VII, Section A would be necessary to understand the complete compensation structure.
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 Hoosac School's IRS 990 filings:
- Lack of detailed executive compensation reporting on the summary line, requiring deeper investigation into full 990 forms for transparency.
Strengths
The following positive indicators were identified for Hoosac School:
- Strong and consistent revenue growth over the past decade, from $5.2M in 2014 to $13.3M in 2023.
- Consistent operating surpluses in recent years, demonstrating sound financial management (e.g., $2.8M surplus in 2023).
- Significant growth in assets, from $6.4M in 2014 to $13.8M in 2023, indicating increasing financial capacity.
- Healthy asset-to-liability ratio, suggesting good financial health and solvency.
Frequently Asked Questions about Hoosac School
Is Hoosac School a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoosac School (EIN: 131687137) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Hoosac School spend its money?
Hoosac School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hoosac School tax-deductible?
Hoosac School is registered as a tax-exempt nonprofit (EIN: 131687137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hoosac School's spending goes to programs?
Hoosac School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hoosac School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hoosac School is above average for NTEE category B25Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hoosac School located?
Hoosac School is headquartered in Hoosick, New York and files with the IRS under EIN 131687137. It is classified under NTEE code B25Z.
How many years of IRS 990 filings does Hoosac School have?
Hoosac 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 $12.9M in total revenue.
Is Hoosac School financially stable?
Yes, Hoosac School appears financially stable. Its revenue has consistently grown from $5,268,161 in 2014 to $13,355,753 in 2023, and it has maintained a healthy surplus in most recent years, such as the $2,858,165 surplus in 2023 (Revenue $13,355,753 - Expenses $10,497,588).
How has Hoosac School's asset base changed over time?
Hoosac School's assets have shown significant growth, increasing from $6,414,698 in 2014 to $13,800,102 in 2023, indicating a strengthening financial position and capacity.
What is the trend in Hoosac School's liabilities?
Liabilities have fluctuated but generally increased in line with asset growth, from $1,625,748 in 2014 to $4,323,343 in 2023. However, the asset-to-liability ratio remains healthy, with assets significantly exceeding liabilities.
Does Hoosac School spend efficiently?
Based on the consistent surpluses (e.g., $2,858,165 in 2023), Hoosac School appears to manage its expenses effectively relative to its revenue, suggesting efficient spending. A detailed breakdown of program vs. administrative expenses from the full 990 would provide more specific insights into efficiency ratios.
Filing History
IRS 990 filing history for Hoosac School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hoosac School's revenue has grown by 216.3%, moving from $4.2M to $13.4M. Total assets increased by 157.5% over the same period, from $5.4M to $13.8M. Total functional expenses rose by 163.3%, from $4.0M to $10.5M. In its most recent filing year (2023), Hoosac School reported a surplus of $2.9M, with revenue exceeding expenses. The organization holds $4.3M in liabilities against $13.8M in assets (debt-to-asset ratio: 31.3%), resulting in net assets of $9.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.4M | $10.5M | $13.8M | $4.3M | — | View 990 |
| 2022 | $10.4M | $9.9M | $9.7M | $3.3M | — | View 990 |
| 2021 | $8.7M | $8.6M | $8.4M | $2.3M | — | View 990 |
| 2020 | $9.7M | $8.8M | $7.8M | $2.2M | — | View 990 |
| 2019 | $8.0M | $7.9M | $8.0M | $3.4M | — | View 990 |
| 2018 | $6.8M | $6.5M | $6.9M | $2.5M | — | View 990 |
| 2017 | $5.3M | $6.0M | $5.9M | $1.9M | — | View 990 |
| 2016 | $6.0M | $6.0M | $6.1M | $1.5M | — | View 990 |
| 2015 | $5.1M | $5.1M | $6.7M | $2.0M | — | View 990 |
| 2014 | $5.3M | $5.2M | $6.4M | $1.6M | — | View 990 |
| 2013 | $5.1M | $4.8M | $5.5M | $942K | — | View 990 |
| 2012 | $4.8M | $4.5M | $5.5M | $1.4M | — | View 990 |
| 2011 | $4.2M | $4.0M | $5.4M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.4M, expenses of $10.5M, and assets of $13.8M (revenue +28.4% year-over-year).
- 2022: Revenue of $10.4M, expenses of $9.9M, and assets of $9.7M (revenue +19.5% year-over-year).
- 2021: Revenue of $8.7M, expenses of $8.6M, and assets of $8.4M (revenue -9.9% year-over-year).
- 2020: Revenue of $9.7M, expenses of $8.8M, and assets of $7.8M (revenue +20.9% year-over-year).
- 2019: Revenue of $8.0M, expenses of $7.9M, and assets of $8.0M (revenue +18.3% year-over-year).
- 2018: Revenue of $6.8M, expenses of $6.5M, and assets of $6.9M (revenue +28.3% year-over-year).
- 2017: Revenue of $5.3M, expenses of $6.0M, and assets of $5.9M (revenue -11.7% year-over-year).
- 2016: Revenue of $6.0M, expenses of $6.0M, and assets of $6.1M (revenue +17.3% year-over-year).
- 2015: Revenue of $5.1M, expenses of $5.1M, and assets of $6.7M (revenue -3.5% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.2M, and assets of $6.4M (revenue +2.5% year-over-year).
- 2013: Revenue of $5.1M, expenses of $4.8M, and assets of $5.5M (revenue +7.5% year-over-year).
- 2012: Revenue of $4.8M, expenses of $4.5M, and assets of $5.5M (revenue +13.3% year-over-year).
- 2011: Revenue of $4.2M, expenses of $4.0M, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoosac School:
Data Sources and Methodology
This transparency report for Hoosac 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.