Marc Academy & Family Center Inc
Marc Academy & Family Center Inc shows consistent revenue growth and zero reported officer compensation, with recent significant asset and liability increases.
EIN: 133966229 · Bronx, NY · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $8.2M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Marc Academy & Family Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marc Academy & Family Center Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marc Academy & Family Center Inc
Marc Academy & Family Center Inc (EIN: 133966229) is a nonprofit organization based in Bronx, NY, classified under NTEE code B99. The organization reported total revenue of $9.1M and total assets of $8.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marc Academy & Family Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marc Academy & Family Center Inc is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.3M |
| Total Expenses | $8.2M |
| Surplus / Deficit | +$77K |
| Total Assets | $7.8M |
| Total Liabilities | $5.6M |
| Net Assets | $2.1M |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 72.7% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2023, Marc Academy & Family Center Inc reported a surplus of $77K with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 72.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Marc Academy & Family Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.9% | +16.7% | +165.1% |
| 2022 | +17.5% | +17.8% | +18.7% |
| 2021 | -11.5% | -6.5% | +13.7% |
| 2020 | +5.4% | +0.6% | +17.5% |
| 2019 | +8.2% | +7.6% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Marc Academy & Family Center Inc with a Mission Score of 85 out of 100 (Excellent). 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: 88%
- fundraising: 2%
According to IRS 990 filings, Marc Academy & Family Center Inc allocates its expenses as follows: admin: 10%, programs: 88%, fundraising: 2%. With 88% 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 surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 72.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization with over $8 million in revenue and suggests a strong commitment to program spending.
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 Marc Academy & Family Center Inc's IRS 990 filings:
- Significant increase in liabilities from $1.13M in 2022 to $5.65M in 2023 without clear explanation in summary data.
Strengths
The following positive indicators were identified for Marc Academy & Family Center Inc:
- Consistent revenue growth over the past decade, from $3.25M in 2014 to $8.29M in 2023.
- Zero reported officer compensation across all available filings, indicating strong commitment to mission.
- High percentage of expenses directed towards programs, with expenses closely tracking revenue.
- Healthy asset growth, increasing from $1.82M in 2014 to $7.77M in 2023.
Frequently Asked Questions about Marc Academy & Family Center Inc
Is Marc Academy & Family Center Inc a legitimate charity?
Marc Academy & Family Center Inc (EIN: 133966229) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Marc Academy & Family Center Inc spend its money?
Marc Academy & Family Center Inc directs 88% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Marc Academy & Family Center Inc tax-deductible?
Marc Academy & Family Center Inc is registered as a tax-exempt nonprofit (EIN: 133966229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Marc Academy & Family Center Inc CEO make?
Marc Academy & Family Center Inc's highest-compensated officer earns $8 annually. The organization reported $9.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Marc Academy & Family Center Inc's spending goes to programs?
Marc Academy & Family Center Inc directs 88% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Marc Academy & Family Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Marc Academy & Family Center Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Marc Academy & Family Center Inc located?
Marc Academy & Family Center Inc is headquartered in Bronx, New York and files with the IRS under EIN 133966229. It is classified under NTEE code B99.
How many years of IRS 990 filings does Marc Academy & Family Center Inc have?
Marc Academy & Family Center 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 $9.1M in total revenue.
What caused the significant increase in liabilities from $1,129,543 in 2022 to $5,648,681 in 2023?
The IRS 990 filings show a substantial jump in liabilities, which could be due to new capital projects, property acquisition, or other debt financing. Further detail from the organization's financial statements would be needed to understand the nature and implications of this increase.
How does Marc Academy & Family Center Inc manage to operate with 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation suggests that leadership may be entirely volunteer-based, compensated through other means not classified as officer compensation, or that the organization has a unique operational structure. This practice is highly commendable for maximizing funds for programs.
What are the specific programs funded by the organization's expenses?
While the filings indicate high program spending, the NTEE code B99 ('Other Education') is broad. A detailed breakdown of program services and their associated costs would provide greater insight into the organization's impact.
Filing History
IRS 990 filing history for Marc Academy & Family Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Marc Academy & Family Center Inc's revenue has grown by 590%, moving from $1.2M to $8.3M. Total assets increased by 597% over the same period, from $1.1M to $7.8M. Total functional expenses rose by 627.4%, from $1.1M to $8.2M. In its most recent filing year (2023), Marc Academy & Family Center Inc reported a surplus of $77K, with revenue exceeding expenses. The organization holds $5.6M in liabilities against $7.8M in assets (debt-to-asset ratio: 72.7%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.3M | $8.2M | $7.8M | $5.6M | — | — |
| 2022 | $7.0M | $7.0M | $2.9M | $1.1M | — | View 990 |
| 2021 | $6.0M | $6.0M | $2.5M | $659K | — | View 990 |
| 2020 | $6.8M | $6.4M | $2.2M | $370K | — | View 990 |
| 2019 | $6.4M | $6.4M | $1.8M | $417K | — | View 990 |
| 2018 | $5.9M | $5.9M | $1.9M | $547K | — | View 990 |
| 2017 | $4.8M | $4.7M | $1.9M | $578K | — | View 990 |
| 2016 | $3.8M | $3.7M | $2.1M | $834K | — | — |
| 2015 | $3.4M | $3.3M | $2.0M | $839K | — | View 990 |
| 2014 | $3.3M | $3.2M | $1.8M | $751K | — | View 990 |
| 2013 | $2.6M | $2.5M | $1.6M | $585K | — | View 990 |
| 2012 | $1.0M | $1.2M | $964K | $51K | — | View 990 |
| 2011 | $1.2M | $1.1M | $1.1M | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.3M, expenses of $8.2M, and assets of $7.8M (revenue +17.9% year-over-year).
- 2022: Revenue of $7.0M, expenses of $7.0M, and assets of $2.9M (revenue +17.5% year-over-year).
- 2021: Revenue of $6.0M, expenses of $6.0M, and assets of $2.5M (revenue -11.5% year-over-year).
- 2020: Revenue of $6.8M, expenses of $6.4M, and assets of $2.2M (revenue +5.4% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.4M, and assets of $1.8M (revenue +8.2% year-over-year).
- 2018: Revenue of $5.9M, expenses of $5.9M, and assets of $1.9M (revenue +23.8% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.7M, and assets of $1.9M (revenue +27.2% year-over-year).
- 2016: Revenue of $3.8M, expenses of $3.7M, and assets of $2.1M (revenue +11.6% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.3M, and assets of $2.0M (revenue +3.7% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.2M, and assets of $1.8M (revenue +24.4% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $1.6M (revenue +150.5% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.2M, and assets of $964K (revenue -13.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marc Academy & Family Center Inc:
Data Sources and Methodology
This transparency report for Marc Academy & Family Center 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.