Keio Academy Of New York

Keio Academy Of New York reports consistent operating deficits in recent years, supported by substantial assets and zero officer compensation.

EIN: 133520250 · Purchase, NY · NTEE: B250 · Updated: 2026-03-28

$14.3MRevenue

$57.5MAssets

75/100Mission Score (Good)

B250

About Keio Academy Of New York

Keio Academy Of New York (EIN: 133520250) is a nonprofit organization based in Purchase, NY, classified under NTEE code B250. The organization reported total revenue of $14.3M and total assets of $57.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keio Academy Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Keio Academy Of New York demonstrates a consistent operational pattern, with revenues generally tracking expenses over the past decade. While the organization reported a deficit in recent years (e.g., $12.4M revenue vs. $14.3M expenses in 202306), its substantial asset base of over $57 million provides a strong financial cushion. The academy's NTEE code B250 indicates a focus on elementary/secondary education, aligning with its mission. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its educational programs rather than executive salaries, which is a positive indicator of financial stewardship and transparency. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging.

The organization's assets have shown a slight decline from a peak of $66.5 million in 201906 to $57.5 million currently, while liabilities have remained relatively stable. This trend, coupled with recent operating deficits, warrants attention to ensure long-term financial sustainability. The consistent filing of IRS 990 forms over 13 periods indicates good compliance and transparency in reporting financial data to the public.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Keio Academy Of New York 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Keio Academy Of New York 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with over $14 million in annual revenue and $57 million in assets, suggesting either volunteer leadership or compensation is covered by an affiliated entity.

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 Keio Academy Of New York's IRS 990 filings:

Consistent operating deficits in recent years (e.g., $1.9M in 202306)
Declining asset base from $66.5M in 201906 to $57.5M currently
Unusual 0% officer compensation for an organization of this size, warranting further investigation into how leadership is compensated or structured.

Strengths

The following positive indicators were identified for Keio Academy Of New York:

Substantial asset base of over $57 million provides financial stability.
Consistent IRS 990 filing history demonstrates transparency and compliance.
Zero reported officer compensation suggests a strong commitment to directing funds towards the mission, assuming leadership is genuinely volunteer or compensated externally.

Frequently Asked Questions about Keio Academy Of New York

How does Keio Academy Of New York cover its operating deficits?

The organization has reported operating deficits in recent years (e.g., $1.9M in 202306, $2.1M in 202206). These deficits are likely covered by drawing down on its substantial asset base, which has decreased from $66.5M in 201906 to $57.5M currently.

Why is officer compensation consistently reported as 0%?

The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could indicate that executive leadership is entirely volunteer, or that compensation for key personnel is paid by an affiliated entity and not directly by Keio Academy Of New York, which would not be reflected in its 990.

What is the long-term impact of declining assets and operating deficits?

A sustained trend of operating deficits and declining assets could eventually impact the organization's financial stability and ability to fund its programs. While current assets are substantial, continued drawdowns are not sustainable indefinitely.

Filing History

IRS 990 filing history for Keio Academy Of New York showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Keio Academy Of New York's revenue has declined by 6.4%, moving from $13.3M to $12.4M. Total assets increased by 14.2% over the same period, from $52.0M to $59.4M. Total functional expenses rose by 12.3%, from $12.8M to $14.3M. In its most recent filing year (2023), Keio Academy Of New York reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $7.2M in liabilities against $59.4M in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $52.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$12.4M	$14.3M	$59.4M	$7.2M	—	—
2022	$12.7M	$14.8M	$60.3M	$6.2M	—	View 990
2021	$11.9M	$13.0M	$62.6M	$6.4M	—	View 990
2020	$13.9M	$15.8M	$64.5M	$7.1M	—	View 990
2019	$16.6M	$15.1M	$66.5M	$7.3M	—	View 990
2018	$16.6M	$15.5M	$64.3M	$6.5M	—	View 990
2017	$16.3M	$15.1M	$63.7M	$7.0M	—	View 990
2016	$16.3M	$14.5M	$62.8M	$7.3M	—	View 990
2015	$16.1M	$14.0M	$58.9M	$5.1M	—	View 990
2014	$14.7M	$13.3M	$57.0M	$5.4M	—	View 990
2013	$14.5M	$13.1M	$54.6M	$4.5M	—	View 990
2012	$14.0M	$12.9M	$53.2M	$4.6M	—	View 990
2011	$13.3M	$12.8M	$52.0M	$4.4M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $12.4M, expenses of $14.3M, and assets of $59.4M (revenue -2.0% year-over-year).
2022: Revenue of $12.7M, expenses of $14.8M, and assets of $60.3M (revenue +6.9% year-over-year).
2021: Revenue of $11.9M, expenses of $13.0M, and assets of $62.6M (revenue -14.4% year-over-year).
2020: Revenue of $13.9M, expenses of $15.8M, and assets of $64.5M (revenue -16.4% year-over-year).
2019: Revenue of $16.6M, expenses of $15.1M, and assets of $66.5M (revenue +0.1% year-over-year).
2018: Revenue of $16.6M, expenses of $15.5M, and assets of $64.3M (revenue +1.4% year-over-year).
2017: Revenue of $16.3M, expenses of $15.1M, and assets of $63.7M (revenue +0.5% year-over-year).
2016: Revenue of $16.3M, expenses of $14.5M, and assets of $62.8M (revenue +0.7% year-over-year).
2015: Revenue of $16.1M, expenses of $14.0M, and assets of $58.9M (revenue +9.9% year-over-year).
2014: Revenue of $14.7M, expenses of $13.3M, and assets of $57.0M (revenue +1.3% year-over-year).
2013: Revenue of $14.5M, expenses of $13.1M, and assets of $54.6M (revenue +3.9% year-over-year).
2012: Revenue of $14.0M, expenses of $12.9M, and assets of $53.2M (revenue +5.2% year-over-year).
2011: Revenue of $13.3M, expenses of $12.8M, and assets of $52.0M.

Data Sources and Methodology

This transparency report for Keio Academy Of New York 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.