Icahn Charter School 2
Icahn Charter School 2 faces consistent operating deficits and declining assets despite zero executive compensation.
EIN: 205816198 · Bronx, NY · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $6.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Icahn Charter School 2 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Icahn Charter School 2 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Icahn Charter School 2
Icahn Charter School 2 (EIN: 205816198) is a nonprofit organization based in Bronx, NY, classified under NTEE code B29. The organization reported total revenue of $6.9M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Icahn Charter School 2's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Icahn Charter School 2 is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.5M |
| Total Expenses | $6.8M |
| Surplus / Deficit | $-321,811 |
| Total Assets | $3.6M |
| Total Liabilities | $1.3M |
| Net Assets | $2.3M |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 36.3% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2023, Icahn Charter School 2 reported a deficit of $322K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 36.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Icahn Charter School 2's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | +6.2% | -25.6% |
| 2022 | +7.0% | +27.2% | -14.2% |
| 2021 | +0.3% | -0.9% | +3.3% |
| 2020 | +3.8% | -5.2% | -6.8% |
| 2019 | +4.4% | +7.6% | -9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Icahn Charter School 2 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Icahn Charter School 2 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $322K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation is paid to officers, which is highly commendable for an organization of its size with revenues consistently above $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 Icahn Charter School 2's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202306 expenses $6,823,372 vs. revenue $6,501,561)
- Steady decline in total assets over the past decade (from $8,596,344 in 201406 to $2,633,331 currently)
Strengths
The following positive indicators were identified for Icahn Charter School 2:
- Zero executive compensation reported across all filings, indicating high efficiency and mission focus.
- Consistent filing history (13 filings) demonstrates good transparency and compliance.
- Strong program spending ratio, with a significant portion of expenses dedicated to its educational mission.
Frequently Asked Questions about Icahn Charter School 2
Is Icahn Charter School 2 a legitimate charity?
Icahn Charter School 2 (EIN: 205816198) 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: $6.9M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Icahn Charter School 2 spend its money?
Icahn Charter School 2 directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Icahn Charter School 2 tax-deductible?
Icahn Charter School 2 is registered as a tax-exempt nonprofit (EIN: 205816198). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Icahn Charter School 2 CEO make?
Icahn Charter School 2's highest-compensated officer earns $4 annually. The organization reported $6.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Icahn Charter School 2's spending goes to programs?
Icahn Charter School 2 directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Icahn Charter School 2 compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Icahn Charter School 2 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 Icahn Charter School 2 located?
Icahn Charter School 2 is headquartered in Bronx, New York and files with the IRS under EIN 205816198. It is classified under NTEE code B29.
How many years of IRS 990 filings does Icahn Charter School 2 have?
Icahn Charter School 2 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 $6.9M in total revenue.
Is Icahn Charter School 2 financially sustainable given its recent operating deficits?
The organization has reported expenses exceeding revenue in several recent periods (e.g., 202306 and 202206), and its assets have been declining. This trend suggests potential long-term sustainability challenges if not addressed through increased revenue or reduced expenses.
What is the reason for the consistent decline in assets?
The filings show a steady decrease in assets from $8,596,344 in 201406 to $2,633,331 currently. This could be due to asset depreciation, sale of assets, or using reserves to cover operating deficits. Further investigation into the balance sheet details would be needed to pinpoint the exact causes.
How does the 0% officer compensation impact the organization's financial health?
The 0% officer compensation is a significant strength, indicating that funds are directly allocated to programs and operations rather than executive salaries. This contributes to high spending efficiency and a strong program focus.
Filing History
IRS 990 filing history for Icahn Charter School 2 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Icahn Charter School 2's revenue has grown by 74.4%, moving from $3.7M to $6.5M. Total assets increased by 129.7% over the same period, from $1.6M to $3.6M. Total functional expenses rose by 97.9%, from $3.4M to $6.8M. In its most recent filing year (2023), Icahn Charter School 2 reported a deficit of $322K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $3.6M in assets (debt-to-asset ratio: 36.3%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.5M | $6.8M | $3.6M | $1.3M | — | View 990 |
| 2022 | $5.9M | $6.4M | $4.8M | $1.6M | — | View 990 |
| 2021 | $5.5M | $5.1M | $5.6M | $1.3M | — | View 990 |
| 2020 | $5.5M | $5.1M | $5.4M | $971K | — | View 990 |
| 2019 | $5.3M | $5.4M | $5.8M | $1.2M | — | View 990 |
| 2018 | $5.1M | $5.0M | $6.4M | $1.1M | — | View 990 |
| 2017 | $4.9M | $4.9M | $6.7M | $912K | — | View 990 |
| 2016 | $4.8M | $4.7M | $7.5M | $1.0M | — | View 990 |
| 2015 | $4.9M | $5.5M | $7.9M | $902K | — | View 990 |
| 2014 | $4.8M | $5.5M | $8.6M | $911K | — | View 990 |
| 2013 | $4.4M | $5.1M | $9.2M | $793K | — | View 990 |
| 2012 | $12.8M | $4.5M | $9.9M | $742K | — | View 990 |
| 2011 | $3.7M | $3.4M | $1.6M | $698K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.5M, expenses of $6.8M, and assets of $3.6M (revenue +9.9% year-over-year).
- 2022: Revenue of $5.9M, expenses of $6.4M, and assets of $4.8M (revenue +7.0% year-over-year).
- 2021: Revenue of $5.5M, expenses of $5.1M, and assets of $5.6M (revenue +0.3% year-over-year).
- 2020: Revenue of $5.5M, expenses of $5.1M, and assets of $5.4M (revenue +3.8% year-over-year).
- 2019: Revenue of $5.3M, expenses of $5.4M, and assets of $5.8M (revenue +4.4% year-over-year).
- 2018: Revenue of $5.1M, expenses of $5.0M, and assets of $6.4M (revenue +2.9% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.9M, and assets of $6.7M (revenue +2.7% year-over-year).
- 2016: Revenue of $4.8M, expenses of $4.7M, and assets of $7.5M (revenue -1.3% year-over-year).
- 2015: Revenue of $4.9M, expenses of $5.5M, and assets of $7.9M (revenue +2.1% year-over-year).
- 2014: Revenue of $4.8M, expenses of $5.5M, and assets of $8.6M (revenue +9.5% year-over-year).
- 2013: Revenue of $4.4M, expenses of $5.1M, and assets of $9.2M (revenue -65.9% year-over-year).
- 2012: Revenue of $12.8M, expenses of $4.5M, and assets of $9.9M (revenue +243.0% year-over-year).
- 2011: Revenue of $3.7M, expenses of $3.4M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Icahn Charter School 2:
Data Sources and Methodology
This transparency report for Icahn Charter School 2 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.