New Heights Academy Charter School
New Heights Academy Charter School shows stable revenue with a recent significant increase in assets and liabilities, and no reported officer compensation.
EIN: 203057343 · New York, NY · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.3M |
| Total Expenses | $17.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $15M |
| Net Assets | $5.2M |
| Transparency Score | 92/100 |
Is New Heights Academy Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Heights Academy Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Heights Academy Charter School
New Heights Academy Charter School (EIN: 203057343) is a nonprofit organization based in New York, NY, classified under NTEE code B29. The organization reported total revenue of $15.3M and total assets of $33.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Heights Academy Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Heights Academy Charter School is a large nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.6M |
| Total Expenses | $17.1M |
| Surplus / Deficit | $-2,553,281 |
| Total Assets | $35.9M |
| Total Liabilities | $30.7M |
| Net Assets | $5.2M |
| Operating Margin | -17.5% |
| Debt-to-Asset Ratio | 85.5% |
| Months of Reserves | 25.1 months |
Financial Health Grade: C
In 2023, New Heights Academy Charter School reported a deficit of $2.6M with expenses exceeding revenue, holds 25.1 months of operating reserves (strong position), has a debt-to-asset ratio of 85.5% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), New Heights Academy Charter School's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.3% | +5.4% | +266.2% |
| 2022 | -7.9% | +3.9% | -2.1% |
| 2021 | +18.0% | +7.0% | +6.5% |
| 2020 | +2.0% | +3.0% | +27.1% |
| 2019 | +8.3% | +2.3% | +12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 New Heights Academy Charter School with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, New Heights Academy 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 $2.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 85.5%.
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 of this size ($15M+ 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 New Heights Academy Charter School's IRS 990 filings:
- Significant increase in liabilities in 2023 without clear explanation in summary data
- Expenses exceeded revenue in multiple recent years (e.g., 2023, 2022, 2018, 2017, 2016, 2015, 2014)
Strengths
The following positive indicators were identified for New Heights Academy Charter School:
- Consistent revenue generation over a decade ($11M-$17M range)
- No reported officer compensation, indicating high program focus
- Strong asset base ($35,884,921 in 2023) providing financial stability
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about New Heights Academy Charter School
Is New Heights Academy Charter School a legitimate charity?
New Heights Academy Charter School (EIN: 203057343) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $15.3M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does New Heights Academy Charter School spend its money?
New Heights Academy Charter School directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to New Heights Academy Charter School tax-deductible?
New Heights Academy Charter School is registered as a tax-exempt nonprofit (EIN: 203057343). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Heights Academy Charter School CEO make?
New Heights Academy Charter School's highest-compensated officer earns $15M annually. The organization reported $15.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Heights Academy Charter School's spending goes to programs?
New Heights Academy Charter School directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Heights Academy Charter School compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New Heights Academy Charter School is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Heights Academy Charter School located?
New Heights Academy Charter School is headquartered in New York, New York and files with the IRS under EIN 203057343. It is classified under NTEE code B29.
How many years of IRS 990 filings does New Heights Academy Charter School have?
New Heights Academy Charter School 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 $15.3M in total revenue.
Why did assets and liabilities increase so dramatically in 2023?
In fiscal year 2023, New Heights Academy Charter School's assets surged from $9,799,965 to $35,884,921, accompanied by a corresponding rise in liabilities from $1,865,959 to $30,676,245. This significant change likely indicates a major capital project, such as the acquisition or construction of a new facility, financed through debt.
Is the organization financially sustainable given recent deficits?
While the organization reported expenses exceeding revenue in 2023 ($17,142,012 expenses vs. $14,588,731 revenue) and other prior years, its substantial asset base of $35,884,921 (as of 2023) provides a buffer. The deficits appear to be manageable within the context of its overall financial position, especially if tied to strategic investments.
How does the 0% officer compensation impact the organization?
The consistent reporting of 0% officer compensation suggests that leadership may be unpaid volunteers or compensated through other means not classified as officer compensation on the 990. This practice, if accurate, allows a greater proportion of funds to be directed towards the school's educational programs.
Filing History
IRS 990 filing history for New Heights Academy Charter School showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), New Heights Academy Charter School's revenue has grown by 17%, moving from $12.5M to $14.6M. Total assets increased by 316.3% over the same period, from $8.6M to $35.9M. Total functional expenses rose by 47.6%, from $11.6M to $17.1M. In its most recent filing year (2023), New Heights Academy Charter School reported a deficit of $2.6M, with expenses exceeding revenue. The organization holds $30.7M in liabilities against $35.9M in assets (debt-to-asset ratio: 85.5%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.6M | $17.1M | $35.9M | $30.7M | — | View 990 |
| 2022 | $16.1M | $16.3M | $9.8M | $1.9M | — | View 990 |
| 2021 | $17.5M | $15.7M | $10.0M | $1.9M | — | View 990 |
| 2020 | $14.8M | $14.6M | $9.4M | $3.1M | — | View 990 |
| 2019 | $14.5M | $14.2M | $7.4M | $1.3M | — | View 990 |
| 2018 | $13.4M | $13.9M | $6.6M | $757K | — | View 990 |
| 2017 | $13.0M | $13.6M | $7.2M | $918K | — | View 990 |
| 2016 | $12.6M | $12.8M | $7.9M | $991K | — | View 990 |
| 2015 | $11.9M | $12.3M | $8.2M | $1.1M | — | View 990 |
| 2014 | $11.9M | $12.2M | $8.5M | $1.0M | — | View 990 |
| 2013 | $12.2M | $12.0M | $8.8M | $1.1M | — | View 990 |
| 2012 | $12.5M | $11.6M | $8.6M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.6M, expenses of $17.1M, and assets of $35.9M (revenue -9.3% year-over-year).
- 2022: Revenue of $16.1M, expenses of $16.3M, and assets of $9.8M (revenue -7.9% year-over-year).
- 2021: Revenue of $17.5M, expenses of $15.7M, and assets of $10.0M (revenue +18.0% year-over-year).
- 2020: Revenue of $14.8M, expenses of $14.6M, and assets of $9.4M (revenue +2.0% year-over-year).
- 2019: Revenue of $14.5M, expenses of $14.2M, and assets of $7.4M (revenue +8.3% year-over-year).
- 2018: Revenue of $13.4M, expenses of $13.9M, and assets of $6.6M (revenue +3.2% year-over-year).
- 2017: Revenue of $13.0M, expenses of $13.6M, and assets of $7.2M (revenue +3.5% year-over-year).
- 2016: Revenue of $12.6M, expenses of $12.8M, and assets of $7.9M (revenue +5.3% year-over-year).
- 2015: Revenue of $11.9M, expenses of $12.3M, and assets of $8.2M (revenue -0.2% year-over-year).
- 2014: Revenue of $11.9M, expenses of $12.2M, and assets of $8.5M (revenue -2.1% year-over-year).
- 2013: Revenue of $12.2M, expenses of $12.0M, and assets of $8.8M (revenue -2.1% year-over-year).
- 2012: Revenue of $12.5M, expenses of $11.6M, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Heights Academy Charter School:
Data Sources and Methodology
This transparency report for New Heights Academy 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.