Luria Academy Of Brooklyn
Luria Academy Of Brooklyn shows significant asset growth but consistently operates at a deficit with liabilities exceeding assets in recent years.
EIN: 142005770 · Brooklyn, NY · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.1M |
| Total Expenses | $14.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $-1,296,601 |
| Transparency Score | 65/100 |
Is Luria Academy Of Brooklyn Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Luria Academy Of Brooklyn directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Luria Academy Of Brooklyn
Luria Academy Of Brooklyn (EIN: 142005770) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B20. The organization reported total revenue of $16.1M and total assets of $47.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Luria Academy Of Brooklyn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Luria Academy Of Brooklyn is a large nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 24.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.5M |
| Total Expenses | $14.7M |
| Surplus / Deficit | $-1,245,555 |
| Total Assets | $47.4M |
| Total Liabilities | $48.7M |
| Net Assets | $-1,296,601 |
| Operating Margin | -9.2% |
| Debt-to-Asset Ratio | 102.7% |
| Months of Reserves | 38.6 months |
Financial Health Grade: C
In 2023, Luria Academy Of Brooklyn reported a deficit of $1.2M with expenses exceeding revenue, holds 38.6 months of operating reserves (strong position), has a debt-to-asset ratio of 102.7% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Luria Academy Of Brooklyn's revenue has grown at a compound annual growth rate (CAGR) of 24.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.3% | +18.1% | +3.2% |
| 2022 | +6.5% | +12.3% | +14.7% |
| 2021 | +24.2% | +24.7% | +478.3% |
| 2020 | -11.7% | +14.8% | +23.3% |
| 2019 | +68.9% | +21.5% | +74.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Luria Academy Of Brooklyn with a Mission Score of 65 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, Luria Academy Of Brooklyn 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 $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 102.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with revenues exceeding $13 million. This suggests either a fully volunteer leadership structure or compensation is categorized differently, warranting further investigation into how key leadership roles are compensated.
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 Luria Academy Of Brooklyn's IRS 990 filings:
- Consistent operational deficits (e.g., $1.2M deficit in 202308)
- Liabilities frequently exceed assets (e.g., $48.6M liabilities vs. $47.3M assets in 202308)
- 0% reported officer compensation for a large organization, which is atypical and lacks transparency regarding leadership remuneration.
Strengths
The following positive indicators were identified for Luria Academy Of Brooklyn:
- Significant growth in revenue over the past decade (from $2.7M in 201508 to $13.4M in 202308), indicating strong fundraising and community support.
- Substantial asset growth, suggesting successful capital campaigns and investment in infrastructure.
- Consistent filing history, indicating compliance with IRS reporting requirements.
Frequently Asked Questions about Luria Academy Of Brooklyn
Is Luria Academy Of Brooklyn a legitimate charity?
Luria Academy Of Brooklyn (EIN: 142005770) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $16.1M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Luria Academy Of Brooklyn spend its money?
Luria Academy Of Brooklyn directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Luria Academy Of Brooklyn tax-deductible?
Luria Academy Of Brooklyn is registered as a tax-exempt nonprofit (EIN: 142005770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Luria Academy Of Brooklyn CEO make?
Luria Academy Of Brooklyn's highest-compensated officer earns $13 annually. The organization reported $16.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Luria Academy Of Brooklyn's spending goes to programs?
Luria Academy Of Brooklyn directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Luria Academy Of Brooklyn compare to similar nonprofits?
With a transparency score of 65/100 (Good), Luria Academy Of Brooklyn is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Luria Academy Of Brooklyn located?
Luria Academy Of Brooklyn is headquartered in Brooklyn, New York and files with the IRS under EIN 142005770. It is classified under NTEE code B20.
How many years of IRS 990 filings does Luria Academy Of Brooklyn have?
Luria Academy Of Brooklyn has 12 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 $16.1M in total revenue.
Is Luria Academy Of Brooklyn financially stable given its recurring operational deficits?
The academy has consistently reported expenses exceeding revenue in recent years (e.g., $14.7M expenses vs. $13.4M revenue in 202308), and liabilities have often surpassed assets. While assets have grown substantially, the recurring deficits and high liabilities raise concerns about long-term financial stability without a clear strategy for balancing the budget.
How does Luria Academy Of Brooklyn fund its operations when expenses exceed revenue?
The consistent operational deficits suggest the academy relies on drawing from prior year surpluses, capital campaigns, or additional debt to cover its annual expenses. Further analysis of their balance sheet and cash flow statements would be needed to understand the specific funding mechanisms.
What is the nature of the significant increase in assets and liabilities?
The substantial growth in assets from $1.3M in 201508 to $47.3M in 202308, coupled with a similar increase in liabilities, strongly indicates significant capital investments, likely in new facilities or major renovations, which is common for growing educational institutions.
Why is officer compensation reported as 0% for an organization of this size?
A 0% officer compensation across all filings for an organization with over $13 million in revenue is highly unusual. It could mean that executive leadership is entirely volunteer-based, or their compensation is reported under different expense categories, which would require reviewing the full 990 forms for detailed expense breakdowns.
Filing History
IRS 990 filing history for Luria Academy Of Brooklyn showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Luria Academy Of Brooklyn's revenue has grown by 1031.8%, moving from $1.2M to $13.5M. Total assets increased by 10581.3% over the same period, from $443K to $47.4M. Total functional expenses rose by 1121.8%, from $1.2M to $14.7M. In its most recent filing year (2023), Luria Academy Of Brooklyn reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $48.7M in liabilities against $47.4M in assets (debt-to-asset ratio: 102.7%), resulting in net assets of $-1,296,601.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.5M | $14.7M | $47.4M | $48.7M | — | — |
| 2022 | $11.6M | $12.5M | $45.9M | $46.0M | — | View 990 |
| 2021 | $10.9M | $11.1M | $40.0M | $39.2M | — | View 990 |
| 2020 | $8.8M | $8.9M | $6.9M | $5.9M | — | View 990 |
| 2019 | $9.9M | $7.8M | $5.6M | $4.4M | — | View 990 |
| 2018 | $5.9M | $6.4M | $3.2M | $4.2M | — | View 990 |
| 2017 | $5.5M | $5.5M | $3.0M | $3.5M | — | View 990 |
| 2016 | $4.0M | $4.0M | $2.2M | $2.7M | — | View 990 |
| 2015 | $2.8M | $2.9M | $1.4M | $1.9M | — | View 990 |
| 2014 | $2.3M | $2.4M | $1.2M | $1.6M | — | View 990 |
| 2013 | $1.5M | $1.7M | $825K | $1.1M | — | View 990 |
| 2012 | $1.2M | $1.2M | $443K | $633K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.5M, expenses of $14.7M, and assets of $47.4M (revenue +16.3% year-over-year).
- 2022: Revenue of $11.6M, expenses of $12.5M, and assets of $45.9M (revenue +6.5% year-over-year).
- 2021: Revenue of $10.9M, expenses of $11.1M, and assets of $40.0M (revenue +24.2% year-over-year).
- 2020: Revenue of $8.8M, expenses of $8.9M, and assets of $6.9M (revenue -11.7% year-over-year).
- 2019: Revenue of $9.9M, expenses of $7.8M, and assets of $5.6M (revenue +68.9% year-over-year).
- 2018: Revenue of $5.9M, expenses of $6.4M, and assets of $3.2M (revenue +6.2% year-over-year).
- 2017: Revenue of $5.5M, expenses of $5.5M, and assets of $3.0M (revenue +38.5% year-over-year).
- 2016: Revenue of $4.0M, expenses of $4.0M, and assets of $2.2M (revenue +42.8% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.9M, and assets of $1.4M (revenue +21.8% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.4M, and assets of $1.2M (revenue +49.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.7M, and assets of $825K (revenue +29.1% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $443K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Luria Academy Of Brooklyn:
Data Sources and Methodology
This transparency report for Luria Academy Of Brooklyn 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.