Little Red School House Inc
Little Red School House Inc. maintains stable assets despite recent operating deficits.
EIN: 135562268 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $47.4M |
| Total Expenses | $37.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $34M |
| Net Assets | $25.4M |
| Transparency Score | 75/100 |
Is Little Red School House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Little Red School House Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Little Red School House Inc
Little Red School House Inc (EIN: 135562268) is a nonprofit organization based in New York, NY. The organization reported total revenue of $47.4M and total assets of $53.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Little Red School House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Little Red School House Inc is a large nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.5M |
| Total Expenses | $37.5M |
| Surplus / Deficit | $-3,068,866 |
| Total Assets | $53.1M |
| Total Liabilities | $27.7M |
| Net Assets | $25.4M |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 52.2% |
| Months of Reserves | 17.0 months |
Financial Health Grade: C
In 2023, Little Red School House Inc reported a deficit of $3.1M with expenses exceeding revenue, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 52.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Little Red School House Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.6% | -1.1% | +4.9% |
| 2022 | -1.6% | +10.4% | -2.9% |
| 2021 | +6.9% | -4.5% | +7.1% |
| 2020 | -3.3% | +0.5% | -1.9% |
| 2019 | +1.3% | +3.7% | +8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1951 |
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 Little Red School House Inc 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, Little Red School House 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 $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.2%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization of this size ($34M+ revenue), suggesting that executive compensation may be reported under different categories or that the leadership is entirely volunteer-based, which would be a significant strength in terms of resource allocation.
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 Little Red School House Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $3,068,866 in 202306 and $1,049,569 in 202206) could indicate unsustainable spending without other revenue sources.
- High liabilities relative to assets ($27,675,009 in liabilities against $53,056,791 in assets in 202306) warrant closer examination of debt management.
Strengths
The following positive indicators were identified for Little Red School House Inc:
- Strong and growing asset base, reaching over $53 million in 202306, provides financial stability.
- Consistent filing history over 13 periods demonstrates good compliance and transparency.
- Reported 0% officer compensation, if accurate and comprehensive, indicates highly efficient use of funds for leadership.
Frequently Asked Questions about Little Red School House Inc
Is Little Red School House Inc a legitimate charity?
Little Red School House Inc (EIN: 135562268) 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: $47.4M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Little Red School House Inc spend its money?
Little Red School House Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Little Red School House Inc tax-deductible?
Little Red School House Inc is registered as a tax-exempt nonprofit (EIN: 135562268). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Little Red School House Inc CEO make?
Little Red School House Inc's highest-compensated officer earns $34M annually. The organization reported $47.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Little Red School House Inc's spending goes to programs?
Little Red School House Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Little Red School House Inc located?
Little Red School House Inc is headquartered in New York, New York and files with the IRS under EIN 135562268.
How many years of IRS 990 filings does Little Red School House Inc have?
Little Red School House 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 $47.4M in total revenue.
How does Little Red School House Inc. cover its operating deficits, such as the $3,068,866 deficit in 202306?
The organization likely draws from its substantial assets or relies on prior surpluses to cover these deficits, as seen in the asset growth over time despite periodic negative operating margins.
What is the actual executive compensation structure, given the reported 0% officer compensation?
Further investigation into the detailed expense breakdown in the full 990 forms would be needed to understand how leadership compensation, if any, is categorized and reported.
What is the specific NTEE Code for Little Red School House Inc.?
The NTEE Code is currently unknown, which limits the ability to benchmark its financial performance against similar organizations in its sector.
Filing History
IRS 990 filing history for Little Red School House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Little Red School House Inc's revenue has grown by 51%, moving from $22.8M to $34.5M. Total assets increased by 53.6% over the same period, from $34.6M to $53.1M. Total functional expenses rose by 61.7%, from $23.2M to $37.5M. In its most recent filing year (2023), Little Red School House Inc reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $27.7M in liabilities against $53.1M in assets (debt-to-asset ratio: 52.2%), resulting in net assets of $25.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34.5M | $37.5M | $53.1M | $27.7M | — | — |
| 2022 | $36.9M | $38.0M | $50.6M | $24.1M | — | View 990 |
| 2021 | $37.5M | $34.4M | $52.1M | $22.4M | — | View 990 |
| 2020 | $35.1M | $36.0M | $48.7M | $24.9M | — | View 990 |
| 2019 | $36.3M | $35.9M | $49.6M | $25.3M | — | View 990 |
| 2018 | $35.8M | $34.6M | $45.5M | $21.6M | — | View 990 |
| 2017 | $38.8M | $33.6M | $44.5M | $22.2M | — | View 990 |
| 2016 | $30.9M | $31.7M | $38.5M | $21.9M | — | View 990 |
| 2015 | $29.8M | $29.9M | $40.5M | $22.7M | — | View 990 |
| 2014 | $29.0M | $29.0M | $41.5M | $23.4M | — | View 990 |
| 2013 | $28.3M | $26.9M | $40.5M | $22.1M | — | View 990 |
| 2012 | $26.3M | $25.2M | $36.4M | $19.5M | — | View 990 |
| 2011 | $22.8M | $23.2M | $34.6M | $18.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.5M, expenses of $37.5M, and assets of $53.1M (revenue -6.6% year-over-year).
- 2022: Revenue of $36.9M, expenses of $38.0M, and assets of $50.6M (revenue -1.6% year-over-year).
- 2021: Revenue of $37.5M, expenses of $34.4M, and assets of $52.1M (revenue +6.9% year-over-year).
- 2020: Revenue of $35.1M, expenses of $36.0M, and assets of $48.7M (revenue -3.3% year-over-year).
- 2019: Revenue of $36.3M, expenses of $35.9M, and assets of $49.6M (revenue +1.3% year-over-year).
- 2018: Revenue of $35.8M, expenses of $34.6M, and assets of $45.5M (revenue -7.6% year-over-year).
- 2017: Revenue of $38.8M, expenses of $33.6M, and assets of $44.5M (revenue +25.4% year-over-year).
- 2016: Revenue of $30.9M, expenses of $31.7M, and assets of $38.5M (revenue +3.6% year-over-year).
- 2015: Revenue of $29.8M, expenses of $29.9M, and assets of $40.5M (revenue +2.8% year-over-year).
- 2014: Revenue of $29.0M, expenses of $29.0M, and assets of $41.5M (revenue +2.5% year-over-year).
- 2013: Revenue of $28.3M, expenses of $26.9M, and assets of $40.5M (revenue +7.5% year-over-year).
- 2012: Revenue of $26.3M, expenses of $25.2M, and assets of $36.4M (revenue +15.3% year-over-year).
- 2011: Revenue of $22.8M, expenses of $23.2M, and assets of $34.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Little Red School House Inc:
Data Sources and Methodology
This transparency report for Little Red School House 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.