Merrick Academy Queens Public Charter School
Merrick Academy shows consistent revenue growth but faces recent operating deficits and increased liabilities.
EIN: 134119996 · Laurelton, NY · NTEE: B40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.5M |
| Total Expenses | $13.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $1.9M |
| Transparency Score | 75/100 |
Is Merrick Academy Queens Public Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Merrick Academy Queens Public Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Merrick Academy Queens Public Charter School
Merrick Academy Queens Public Charter School (EIN: 134119996) is a nonprofit organization based in Laurelton, NY, classified under NTEE code B40. The organization reported total revenue of $13.5M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merrick Academy Queens Public Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Merrick Academy Queens Public Charter School is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.9M |
| Total Expenses | $13.5M |
| Surplus / Deficit | $-606,915 |
| Total Assets | $7.6M |
| Total Liabilities | $5.7M |
| Net Assets | $1.9M |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 74.6% |
| Months of Reserves | 6.8 months |
Financial Health Grade: C
In 2023, Merrick Academy Queens Public Charter School reported a deficit of $607K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 74.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Merrick Academy Queens Public Charter School's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.3% | +7.5% | +117.5% |
| 2022 | -6.7% | +17.4% | -22.6% |
| 2021 | +19.8% | +4.2% | +23.1% |
| 2020 | +6.0% | -6.8% | +61.4% |
| 2019 | +2.1% | +14.1% | -31.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Merrick Academy Queens Public Charter School 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, Merrick Academy Queens Public Charter School 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $607K, with expenses exceeding revenue.
- Debt-to-asset ratio: 74.6%.
Executive Compensation Analysis
Merrick Academy reports 0% officer compensation across all available filings, suggesting that executive salaries are not a significant expenditure for the organization, which is highly unusual for an organization of its size with over $12 million in annual expenses.
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 Merrick Academy Queens Public Charter School's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization of this size, which may obscure actual executive remuneration.
- Significant increase in liabilities from $964,104 in 2022 to $5,690,805 in 2023, warranting further investigation.
- Operating deficit in 2023, with expenses ($13,499,036) exceeding revenue ($12,892,121).
Strengths
The following positive indicators were identified for Merrick Academy Queens Public Charter School:
- Consistent revenue growth over the past decade, from $7.1 million in 2014 to $12.9 million in 2023.
- Healthy accumulation of assets, growing from $1.89 million in 2014 to $7.62 million in 2023.
- Consistent filing of IRS Form 990s, indicating a commitment to transparency.
- NTEE code B40 indicates a focus on elementary and secondary education, aligning with its mission as a charter school.
Frequently Asked Questions about Merrick Academy Queens Public Charter School
Is Merrick Academy Queens Public Charter School a legitimate charity?
Merrick Academy Queens Public Charter School (EIN: 134119996) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.5M. 3 red flags identified. 4 strengths noted. Financial health grade: C.
How does Merrick Academy Queens Public Charter School spend its money?
Merrick Academy Queens Public Charter School directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Merrick Academy Queens Public Charter School tax-deductible?
Merrick Academy Queens Public Charter School is registered as a tax-exempt nonprofit (EIN: 134119996). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Merrick Academy Queens Public Charter School CEO make?
Merrick Academy Queens Public Charter School's highest-compensated officer earns $12 annually. The organization reported $13.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Merrick Academy Queens Public Charter School's spending goes to programs?
Merrick Academy Queens Public Charter School directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Merrick Academy Queens Public Charter School compare to similar nonprofits?
With a transparency score of 75/100 (Good), Merrick Academy Queens Public Charter School is above average for NTEE category B40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Merrick Academy Queens Public Charter School located?
Merrick Academy Queens Public Charter School is headquartered in Laurelton, New York and files with the IRS under EIN 134119996. It is classified under NTEE code B40.
How many years of IRS 990 filings does Merrick Academy Queens Public Charter School have?
Merrick Academy Queens Public Charter School 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 $13.5M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization with over $12 million in annual expenses. This could indicate a volunteer leadership structure, that compensation is paid through a related entity, or that it's categorized differently within the expense breakdown.
What caused the significant increase in liabilities in 2023?
Liabilities jumped from $964,104 in 2022 to $5,690,805 in 2023. Understanding the nature of these liabilities (e.g., debt, deferred revenue, payables) is crucial for assessing the organization's financial risk.
How does Merrick Academy manage its operating deficits?
The organization has experienced several years where expenses exceeded revenue, including a $606,915 deficit in 2023. It's important to understand how these deficits are covered and if they are sustainable.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown, it's difficult to precisely assess spending efficiency. While officer compensation is 0%, the overall allocation of the $13.5 million in expenses is key to understanding resource deployment.
Filing History
IRS 990 filing history for Merrick Academy Queens Public Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Merrick Academy Queens Public Charter School's revenue has grown by 80.7%, moving from $7.1M to $12.9M. Total assets increased by 217.3% over the same period, from $2.4M to $7.6M. Total functional expenses rose by 122.7%, from $6.1M to $13.5M. In its most recent filing year (2023), Merrick Academy Queens Public Charter School reported a deficit of $607K, with expenses exceeding revenue. The organization holds $5.7M in liabilities against $7.6M in assets (debt-to-asset ratio: 74.6%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.9M | $13.5M | $7.6M | $5.7M | — | View 990 |
| 2022 | $11.8M | $12.6M | $3.5M | $964K | — | View 990 |
| 2021 | $12.6M | $10.7M | $4.5M | $1.2M | — | — |
| 2020 | $10.5M | $10.3M | $3.7M | $2.3M | — | View 990 |
| 2019 | $10.0M | $11.0M | $2.3M | $1.2M | — | View 990 |
| 2018 | $9.7M | $9.7M | $3.3M | $1.2M | — | View 990 |
| 2017 | $9.1M | $8.2M | $3.1M | $1.0M | — | View 990 |
| 2016 | $8.3M | $7.3M | $2.3M | $1.1M | — | View 990 |
| 2015 | $7.6M | $8.3M | $980K | $757K | — | View 990 |
| 2014 | $7.1M | $8.7M | $1.9M | $895K | — | View 990 |
| 2013 | $7.1M | $6.9M | $3.5M | $1.0M | — | View 990 |
| 2012 | $7.2M | $6.2M | $3.5M | $1.2M | — | View 990 |
| 2011 | $7.1M | $6.1M | $2.4M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.9M, expenses of $13.5M, and assets of $7.6M (revenue +9.3% year-over-year).
- 2022: Revenue of $11.8M, expenses of $12.6M, and assets of $3.5M (revenue -6.7% year-over-year).
- 2021: Revenue of $12.6M, expenses of $10.7M, and assets of $4.5M (revenue +19.8% year-over-year).
- 2020: Revenue of $10.5M, expenses of $10.3M, and assets of $3.7M (revenue +6.0% year-over-year).
- 2019: Revenue of $10.0M, expenses of $11.0M, and assets of $2.3M (revenue +2.1% year-over-year).
- 2018: Revenue of $9.7M, expenses of $9.7M, and assets of $3.3M (revenue +7.6% year-over-year).
- 2017: Revenue of $9.1M, expenses of $8.2M, and assets of $3.1M (revenue +9.5% year-over-year).
- 2016: Revenue of $8.3M, expenses of $7.3M, and assets of $2.3M (revenue +9.3% year-over-year).
- 2015: Revenue of $7.6M, expenses of $8.3M, and assets of $980K (revenue +6.0% year-over-year).
- 2014: Revenue of $7.1M, expenses of $8.7M, and assets of $1.9M (revenue +0.8% year-over-year).
- 2013: Revenue of $7.1M, expenses of $6.9M, and assets of $3.5M (revenue -1.4% year-over-year).
- 2012: Revenue of $7.2M, expenses of $6.2M, and assets of $3.5M (revenue +0.6% year-over-year).
- 2011: Revenue of $7.1M, expenses of $6.1M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Merrick Academy Queens Public Charter School:
Data Sources and Methodology
This transparency report for Merrick Academy Queens Public Charter 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.