Manhattan Country School Inc
Manhattan Country School Inc. consistently operates at a deficit, with expenses exceeding revenue in most recent years.
EIN: 132546971 · New York, NY · NTEE: B24Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.0M |
| Total Expenses | $11.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $12.1M |
| Transparency Score | 70/100 |
Is Manhattan Country School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Manhattan Country School Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Manhattan Country School Inc
Manhattan Country School Inc (EIN: 132546971) is a nonprofit organization based in New York, NY, classified under NTEE code B24Z. The organization reported total revenue of $9.0M and total assets of $41.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Manhattan Country School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Manhattan Country School Inc is a mid-size nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.0M |
| Total Expenses | $11.5M |
| Surplus / Deficit | $-2,502,277 |
| Total Assets | $41.0M |
| Total Liabilities | $28.9M |
| Net Assets | $12.1M |
| Operating Margin | -27.9% |
| Debt-to-Asset Ratio | 70.5% |
| Months of Reserves | 42.9 months |
Financial Health Grade: C
In 2023, Manhattan Country School Inc reported a deficit of $2.5M with expenses exceeding revenue, holds 42.9 months of operating reserves (strong position), has a debt-to-asset ratio of 70.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Manhattan Country School Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.1% | +0.6% | -3.6% |
| 2022 | -0.5% | +14.0% | -3.6% |
| 2021 | +21.8% | -9.7% | +2.2% |
| 2020 | +4.8% | +5.4% | -1.2% |
| 2019 | -0.9% | +5.9% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
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 Manhattan Country School Inc with a Mission Score of 70 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, Manhattan Country School 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 $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 70.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual expenses exceeding $10 million, suggesting either volunteer leadership or compensation structured outside of typical officer salary reporting.
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 Manhattan Country School Inc's IRS 990 filings:
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., $11.4M expenses vs. $8.9M revenue in 2023).
- Unusually high liabilities relative to assets, with liabilities at $28.9M against $40.9M in assets in 2023.
- Consistent reporting of 0% officer compensation for an organization of this size, which warrants further investigation into leadership compensation structures.
Strengths
The following positive indicators were identified for Manhattan Country School Inc:
- Maintains a substantial asset base ($40.9M in 2023), providing financial stability despite operational deficits.
- Historically strong revenue periods, such as $24.2M in 2016, indicating capacity for significant fundraising or grants.
- Consistent filing of IRS 990 forms, demonstrating a commitment to regulatory compliance and transparency.
Frequently Asked Questions about Manhattan Country School Inc
Is Manhattan Country School Inc a legitimate charity?
Manhattan Country School Inc (EIN: 132546971) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.0M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Manhattan Country School Inc spend its money?
Manhattan Country School Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Manhattan Country School Inc tax-deductible?
Manhattan Country School Inc is registered as a tax-exempt nonprofit (EIN: 132546971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Manhattan Country School Inc CEO make?
Manhattan Country School Inc's highest-compensated officer earns $10 annually. The organization reported $9.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Manhattan Country School Inc's spending goes to programs?
Manhattan Country School Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Manhattan Country School Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Manhattan Country School Inc is above average for NTEE category B24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Manhattan Country School Inc located?
Manhattan Country School Inc is headquartered in New York, New York and files with the IRS under EIN 132546971. It is classified under NTEE code B24Z.
How many years of IRS 990 filings does Manhattan Country School Inc have?
Manhattan Country School 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 $9.0M in total revenue.
How does Manhattan Country School Inc. cover its consistent operational deficits?
The organization frequently reports expenses exceeding revenue (e.g., $11.4M expenses vs. $8.9M revenue in 2023). This suggests they are either drawing from accumulated assets, receiving significant non-operating income not reflected in 'revenue', or relying on other funding mechanisms to sustain operations.
What is the nature of the '0% Officer Comp' reported across all filings?
Reporting 0% officer compensation for an organization with over $10 million in annual expenses is highly unusual. It could indicate that the leadership is entirely volunteer-based, compensated through a related entity, or that compensation is structured in a way that isn't reported as 'officer compensation' on the 990 form.
Is the organization's asset base sufficient to cover its liabilities?
While the organization has substantial assets ($40.9M in 2023), a significant portion is offset by liabilities ($28.9M in 2023). The net assets (assets minus liabilities) have fluctuated, but the organization generally maintains a positive net asset position, indicating solvency.
Filing History
IRS 990 filing history for Manhattan Country School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Manhattan Country School Inc's revenue has grown by 102.4%, moving from $4.4M to $9.0M. Total assets increased by 365.5% over the same period, from $8.8M to $41.0M. Total functional expenses rose by 121.5%, from $5.2M to $11.5M. In its most recent filing year (2023), Manhattan Country School Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $28.9M in liabilities against $41.0M in assets (debt-to-asset ratio: 70.5%), resulting in net assets of $12.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.0M | $11.5M | $41.0M | $28.9M | — | — |
| 2022 | $11.2M | $11.4M | $42.5M | $27.9M | — | View 990 |
| 2021 | $11.3M | $10.0M | $44.1M | $29.3M | — | View 990 |
| 2020 | $9.3M | $11.1M | $43.1M | $29.7M | — | View 990 |
| 2019 | $8.8M | $10.5M | $43.6M | $28.3M | — | View 990 |
| 2018 | $8.9M | $9.9M | $44.8M | $27.8M | — | View 990 |
| 2017 | $7.3M | $9.1M | $44.9M | $26.9M | — | View 990 |
| 2016 | $24.2M | $11.0M | $46.3M | $26.1M | — | View 990 |
| 2015 | $7.5M | $8.0M | $40.4M | $33.2M | — | View 990 |
| 2014 | $6.8M | $6.4M | $8.0M | $2.4M | — | View 990 |
| 2013 | $5.0M | $5.8M | $8.1M | $2.3M | — | View 990 |
| 2012 | $5.1M | $5.5M | $8.3M | $2.0M | — | View 990 |
| 2011 | $4.4M | $5.2M | $8.8M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.0M, expenses of $11.5M, and assets of $41.0M (revenue -20.1% year-over-year).
- 2022: Revenue of $11.2M, expenses of $11.4M, and assets of $42.5M (revenue -0.5% year-over-year).
- 2021: Revenue of $11.3M, expenses of $10.0M, and assets of $44.1M (revenue +21.8% year-over-year).
- 2020: Revenue of $9.3M, expenses of $11.1M, and assets of $43.1M (revenue +4.8% year-over-year).
- 2019: Revenue of $8.8M, expenses of $10.5M, and assets of $43.6M (revenue -0.9% year-over-year).
- 2018: Revenue of $8.9M, expenses of $9.9M, and assets of $44.8M (revenue +21.9% year-over-year).
- 2017: Revenue of $7.3M, expenses of $9.1M, and assets of $44.9M (revenue -69.9% year-over-year).
- 2016: Revenue of $24.2M, expenses of $11.0M, and assets of $46.3M (revenue +223.4% year-over-year).
- 2015: Revenue of $7.5M, expenses of $8.0M, and assets of $40.4M (revenue +9.8% year-over-year).
- 2014: Revenue of $6.8M, expenses of $6.4M, and assets of $8.0M (revenue +35.7% year-over-year).
- 2013: Revenue of $5.0M, expenses of $5.8M, and assets of $8.1M (revenue -0.8% year-over-year).
- 2012: Revenue of $5.1M, expenses of $5.5M, and assets of $8.3M (revenue +14.6% year-over-year).
- 2011: Revenue of $4.4M, expenses of $5.2M, and assets of $8.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Manhattan Country School Inc:
Data Sources and Methodology
This transparency report for Manhattan Country School 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.