Masters School
Masters School shows consistent revenue and asset growth with no reported officer compensation.
EIN: 131740472 · Dobbs Ferry, NY · Updated: 2026-03-28
Is Masters School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Masters School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Masters School
Masters School (EIN: 131740472) is a nonprofit organization based in Dobbs Ferry, NY. The organization reported total revenue of $56.4M and total assets of $218.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masters School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Masters School with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Masters School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Masters School consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size and revenue, suggesting either a unique compensation structure or that compensation is reported under other expense categories.
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 Masters School's IRS 990 filings:
- Unusual 0% officer compensation reported across all filings, which may indicate compensation is categorized differently or not fully disclosed in this summary.
Strengths
The following positive indicators were identified for Masters School:
- Consistent revenue growth, increasing from $35.1M in 2014 to $66.9M in 2023.
- Significant asset growth, nearly doubling from $111.6M in 2014 to $208.6M in 2023.
- Healthy surplus of revenue over expenses, for example, $66.9M revenue vs $48.3M expenses in 2023.
- Low liabilities relative to assets, indicating strong financial stability.
- No reported officer compensation, suggesting high efficiency in directing funds to mission (though further investigation into compensation structure is warranted).
Frequently Asked Questions about Masters School
Is Masters School a legitimate charity?
Based on AI analysis of IRS 990 filings, Masters School (EIN: 131740472) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Masters School spend its money?
Masters School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Masters School tax-deductible?
Masters School is registered as a tax-exempt nonprofit (EIN: 131740472). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Masters School a good charity?
Based on the provided financial data, Masters School appears to be a financially healthy and well-managed organization with consistent revenue and asset growth. The reported 0% officer compensation is a strong positive indicator of resource allocation, though further detail on how leadership is compensated would provide a more complete picture.
How has Masters School's financial health changed over time?
Masters School has shown significant financial growth over the past decade. Revenue increased from $35,102,697 in 2014 to $66,925,521 in 2023, and assets nearly doubled from $111,612,367 to $208,645,944 in the same period, indicating strong financial stewardship and expansion.
What is the trend in Masters School's liabilities?
Liabilities have fluctuated but generally remained manageable relative to assets. They ranged from a low of $36,811,800 in 2023 to a high of $50,318,595 in 2022, consistently staying well below the organization's total assets, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Masters School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Masters School's revenue has grown by 116.8%, moving from $30.9M to $66.9M. Total assets increased by 177.8% over the same period, from $75.1M to $208.6M. Total functional expenses rose by 94.3%, from $24.9M to $48.4M. In its most recent filing year (2023), Masters School reported a surplus of $18.6M, with revenue exceeding expenses. The organization holds $36.8M in liabilities against $208.6M in assets (debt-to-asset ratio: 17.6%), resulting in net assets of $171.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $66.9M | $48.4M | $208.6M | $36.8M | — | View 990 |
| 2022 | $59.4M | $46.8M | $200.0M | $50.3M | — | View 990 |
| 2021 | $50.8M | $40.7M | $186.9M | $37.6M | — | View 990 |
| 2020 | $60.7M | $41.8M | $172.0M | $37.0M | — | View 990 |
| 2019 | $46.2M | $41.9M | $157.1M | $40.7M | — | View 990 |
| 2018 | $54.1M | $41.0M | $152.5M | $40.7M | — | View 990 |
| 2017 | $41.2M | $38.0M | $136.1M | $37.9M | — | View 990 |
| 2016 | $39.3M | $34.9M | $131.1M | $40.4M | — | View 990 |
| 2015 | $50.9M | $34.1M | $131.3M | $43.2M | — | View 990 |
| 2014 | $35.1M | $31.3M | $111.6M | $39.3M | — | View 990 |
| 2013 | $32.0M | $28.3M | $103.7M | $37.7M | — | View 990 |
| 2012 | $32.2M | $26.1M | $81.7M | $22.2M | — | View 990 |
| 2011 | $30.9M | $24.9M | $75.1M | $21.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66.9M, expenses of $48.4M, and assets of $208.6M (revenue +12.7% year-over-year).
- 2022: Revenue of $59.4M, expenses of $46.8M, and assets of $200.0M (revenue +17.0% year-over-year).
- 2021: Revenue of $50.8M, expenses of $40.7M, and assets of $186.9M (revenue -16.4% year-over-year).
- 2020: Revenue of $60.7M, expenses of $41.8M, and assets of $172.0M (revenue +31.4% year-over-year).
- 2019: Revenue of $46.2M, expenses of $41.9M, and assets of $157.1M (revenue -14.5% year-over-year).
- 2018: Revenue of $54.1M, expenses of $41.0M, and assets of $152.5M (revenue +31.1% year-over-year).
- 2017: Revenue of $41.2M, expenses of $38.0M, and assets of $136.1M (revenue +4.9% year-over-year).
- 2016: Revenue of $39.3M, expenses of $34.9M, and assets of $131.1M (revenue -22.7% year-over-year).
- 2015: Revenue of $50.9M, expenses of $34.1M, and assets of $131.3M (revenue +44.9% year-over-year).
- 2014: Revenue of $35.1M, expenses of $31.3M, and assets of $111.6M (revenue +9.8% year-over-year).
- 2013: Revenue of $32.0M, expenses of $28.3M, and assets of $103.7M (revenue -0.9% year-over-year).
- 2012: Revenue of $32.2M, expenses of $26.1M, and assets of $81.7M (revenue +4.4% year-over-year).
- 2011: Revenue of $30.9M, expenses of $24.9M, and assets of $75.1M.
Data Sources and Methodology
This transparency report for Masters School 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.