Long Island School For The Gifted

Long Island School For The Gifted maintains stable operations with increasing assets and liabilities, reporting no officer compensation.

EIN: 112532703 · Syosset, NY · NTEE: B27Z · Updated: 2026-03-28

$4.0MRevenue

$3.8MAssets

75/100Mission Score (Good)

B27Z

About Long Island School For The Gifted

Long Island School For The Gifted (EIN: 112532703) is a nonprofit organization based in Syosset, NY, classified under NTEE code B27Z. The organization reported total revenue of $4.0M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Long Island School For The Gifted's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Long Island School For The Gifted demonstrates consistent financial activity, with revenues and expenses generally in the range of $3.6 million to $4.5 million over the past decade. The organization has shown a positive net income in most recent years, such as in 2023 where revenue of $4,064,757 exceeded expenses of $3,829,128. However, a notable aspect is the absence of reported officer compensation across all available filings, which could indicate that executive leadership is compensated through other means not categorized as 'officer compensation' or that the school operates with a volunteer executive structure, which is less common for an organization of this size. The significant increase in liabilities in recent years, reaching $3,755,031 in 2023, warrants further investigation to understand its nature and impact on long-term financial stability.

While the organization's assets have fluctuated, showing a substantial increase to $5,125,004 in 2023, the corresponding rise in liabilities means that the net assets (assets minus liabilities) have not grown as dramatically. The consistent revenue stream suggests a stable operational model, likely supported by tuition and related educational fees. The lack of reported officer compensation, while potentially a positive for spending efficiency, also raises questions about the transparency of executive remuneration practices if compensation is indeed being paid through other channels. Overall, the school appears financially stable in its operations, but the liability growth and compensation reporting warrant closer scrutiny for full transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Long Island School For The Gifted 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Long Island School For The Gifted 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity with annual revenues exceeding $3.5 million. This could indicate that executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as 'officer compensation' on the IRS Form 990, potentially impacting transparency.

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 Long Island School For The Gifted's IRS 990 filings:

Consistent 0% officer compensation reported, which is unusual for an organization of this size and revenue, potentially indicating a lack of transparency in executive remuneration.
Significant increase in liabilities from $973,605 in 2021 to $3,755,031 in 2023, warranting further investigation into its nature and impact.

Strengths

The following positive indicators were identified for Long Island School For The Gifted:

Consistent revenue generation, generally between $3.6 million and $4.5 million annually, indicating stable operations.
Positive net income in most recent years, such as 2023 ($4,064,757 revenue vs. $3,829,128 expenses), demonstrating operational efficiency.
Growing asset base, reaching $5,125,004 in 2023, which could support future growth or provide financial stability.

Frequently Asked Questions about Long Island School For The Gifted

Why is officer compensation consistently reported as 0%?

The IRS 990 filings for Long Island School For The Gifted consistently show 0% officer compensation. This is an unusual reporting for an organization of its size and revenue, suggesting that executive leadership may be compensated through other means or that the roles are entirely volunteer-based, which could impact transparency.

What is the nature of the significant increase in liabilities in recent years?

Liabilities have increased substantially, from $973,605 in 2021 to $3,755,031 in 2023. Understanding the specific nature of these liabilities (e.g., mortgages, bonds, deferred revenue) is crucial for assessing the organization's long-term financial health and risk.

How does the organization ensure financial transparency regarding executive remuneration?

Given the 0% reported officer compensation, it is important to understand how the organization ensures transparency regarding any compensation provided to its top executives, if any, and how it is categorized in their financial statements.

Filing History

IRS 990 filing history for Long Island School For The Gifted showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Long Island School For The Gifted's revenue has declined by 6.5%, moving from $4.3M to $4.1M. Total assets increased by 553.3% over the same period, from $785K to $5.1M. Total functional expenses fell by 7.5%, from $4.1M to $3.8M. In its most recent filing year (2023), Long Island School For The Gifted reported a surplus of $236K, with revenue exceeding expenses. The organization holds $3.8M in liabilities against $5.1M in assets (debt-to-asset ratio: 73.3%), resulting in net assets of $1.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.1M	$3.8M	$5.1M	$3.8M	—	View 990
2022	$3.9M	$3.7M	$5.8M	$4.8M	—	View 990
2021	$4.4M	$3.8M	$2.0M	$974K	—	View 990
2020	$3.6M	$4.0M	$1.6M	$1.2M	—	View 990
2019	$4.2M	$4.3M	$1.8M	$1.0M	—	View 990
2018	$4.4M	$4.2M	$1.6M	$724K	—	View 990
2017	$4.4M	$4.3M	$1.4M	$760K	—	View 990
2016	$4.3M	$4.4M	$1.4M	$859K	—	View 990
2015	$4.5M	$4.4M	$1.5M	$867K	—	View 990
2014	$4.5M	$4.5M	$1.6M	$1.0M	—	View 990
2013	$4.5M	$4.3M	$1.5M	$669K	—	View 990
2012	$4.6M	$4.3M	$1.2M	$666K	—	View 990
2011	$4.3M	$4.1M	$785K	$587K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.1M, expenses of $3.8M, and assets of $5.1M (revenue +4.5% year-over-year).
2022: Revenue of $3.9M, expenses of $3.7M, and assets of $5.8M (revenue -10.9% year-over-year).
2021: Revenue of $4.4M, expenses of $3.8M, and assets of $2.0M (revenue +20.2% year-over-year).
2020: Revenue of $3.6M, expenses of $4.0M, and assets of $1.6M (revenue -13.9% year-over-year).
2019: Revenue of $4.2M, expenses of $4.3M, and assets of $1.8M (revenue -4.7% year-over-year).
2018: Revenue of $4.4M, expenses of $4.2M, and assets of $1.6M (revenue +1.6% year-over-year).
2017: Revenue of $4.4M, expenses of $4.3M, and assets of $1.4M (revenue +1.9% year-over-year).
2016: Revenue of $4.3M, expenses of $4.4M, and assets of $1.4M (revenue -3.9% year-over-year).
2015: Revenue of $4.5M, expenses of $4.4M, and assets of $1.5M (revenue -1.7% year-over-year).
2014: Revenue of $4.5M, expenses of $4.5M, and assets of $1.6M (revenue -0.4% year-over-year).
2013: Revenue of $4.5M, expenses of $4.3M, and assets of $1.5M (revenue -0.8% year-over-year).
2012: Revenue of $4.6M, expenses of $4.3M, and assets of $1.2M (revenue +5.5% year-over-year).
2011: Revenue of $4.3M, expenses of $4.1M, and assets of $785K.

Data Sources and Methodology

This transparency report for Long Island School For The Gifted 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.