New York Academy Educational Services Inc
New York Academy Educational Services Inc. consistently spends more than it earns, with declining assets and substantial liabilities.
EIN: 203736009 · Ridgewood, NJ · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $30.0M |
| Total Expenses | $2.7M |
| Program Spending | 80% |
| Net Assets | $2.9M |
| Transparency Score | 65/100 |
Is New York Academy Educational Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Academy Educational Services Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Academy Educational Services Inc
New York Academy Educational Services Inc (EIN: 203736009) is a nonprofit organization based in Ridgewood, NJ, classified under NTEE code B99. The organization reported total revenue of $30.0M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Academy Educational Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Academy Educational Services Inc is a large nonprofit that has been operating for 12 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$86K |
| Total Assets | $29.7M |
| Total Liabilities | $26.8M |
| Net Assets | $2.9M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 90.4% |
| Months of Reserves | 132.6 months |
Financial Health Grade: A
In 2023, New York Academy Educational Services Inc reported a surplus of $86K with revenue exceeding expenses, holds 132.6 months of operating reserves (strong position), has a debt-to-asset ratio of 90.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Academy Educational Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | -7.6% | -1.7% |
| 2022 | -14.2% | -9.0% | -1.5% |
| 2021 | +3.6% | -1.7% | -2.9% |
| 2020 | -5.6% | -14.8% | -2.6% |
| 2019 | -49.4% | -43.3% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
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 York Academy Educational Services Inc with a Mission Score of 65 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, New York Academy Educational Services 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 surplus of $86K, with revenue exceeding expenses.
- Debt-to-asset ratio: 90.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is highly unusual for an organization of this size with annual revenues in the millions.
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 York Academy Educational Services Inc's IRS 990 filings:
- Consistent deficit spending, with expenses frequently exceeding revenue (e.g., 202206 expenses $2,906,515 vs. revenue $2,532,694).
- Declining asset base over time, from $35,928,988 in 201506 to $29,682,842 in 202306.
- High liabilities relative to assets, with liabilities consistently around $27-28 million in recent years.
- Unusually high liabilities compared to annual revenue, suggesting significant long-term financial commitments.
Strengths
The following positive indicators were identified for New York Academy Educational Services Inc:
- Consistent reporting of 0% officer compensation, indicating a potential commitment to minimizing administrative overhead from executive salaries.
- Significant asset base, despite recent declines, providing some financial cushion ($29,682,842 in 202306).
Frequently Asked Questions about New York Academy Educational Services Inc
Is New York Academy Educational Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Academy Educational Services Inc (EIN: 203736009) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does New York Academy Educational Services Inc spend its money?
New York Academy Educational Services Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Academy Educational Services Inc tax-deductible?
New York Academy Educational Services Inc is registered as a tax-exempt nonprofit (EIN: 203736009). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Academy Educational Services Inc's spending goes to programs?
New York Academy Educational Services Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Academy Educational Services Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), New York Academy Educational Services 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 New York Academy Educational Services Inc located?
New York Academy Educational Services Inc is headquartered in Ridgewood, New Jersey and files with the IRS under EIN 203736009. It is classified under NTEE code B99.
How many years of IRS 990 filings does New York Academy Educational Services Inc have?
New York Academy Educational Services 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 $30.0M in total revenue.
Is New York Academy Educational Services Inc. financially sustainable given its consistent deficit spending?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., 202206 expenses $2,906,515 vs. revenue $2,532,694), leading to a decline in assets from $35,928,988 in 201506 to $29,682,842 in 202306. This trend raises concerns about long-term financial sustainability without a change in its funding or spending model.
What is the nature of the substantial liabilities reported by the organization?
The organization consistently reports high liabilities, such as $26,818,979 in 202306 and $27,426,358 in 202206. Understanding the composition of these liabilities (e.g., mortgages, program-related investments, or other debt) is crucial for a complete financial picture.
How does the organization cover its operational deficits if officer compensation is 0%?
With 0% officer compensation reported and consistent deficit spending, the organization likely relies on drawing down its asset base or receiving significant non-cash contributions or other forms of support not reflected in the primary revenue figures to cover its operational gaps.
Filing History
IRS 990 filing history for New York Academy Educational Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Academy Educational Services Inc's revenue has grown by 62.4%, moving from $1.7M to $2.8M. Total assets increased by 697.7% over the same period, from $3.7M to $29.7M. Total functional expenses rose by 80.3%, from $1.5M to $2.7M. In its most recent filing year (2023), New York Academy Educational Services Inc reported a surplus of $86K, with revenue exceeding expenses. The organization holds $26.8M in liabilities against $29.7M in assets (debt-to-asset ratio: 90.4%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.7M | $29.7M | $26.8M | — | View 990 |
| 2022 | $2.5M | $2.9M | $30.2M | $27.4M | — | View 990 |
| 2021 | $3.0M | $3.2M | $30.7M | $27.5M | — | — |
| 2020 | $2.8M | $3.2M | $31.6M | $28.2M | — | View 990 |
| 2019 | $3.0M | $3.8M | $32.4M | $28.6M | — | View 990 |
| 2018 | $6.0M | $6.7M | $33.7M | $29.1M | — | View 990 |
| 2017 | $5.7M | $3.2M | $35.0M | $29.6M | — | View 990 |
| 2016 | $5.6M | $3.7M | $33.0M | $30.1M | — | View 990 |
| 2015 | $1.9M | $1.5M | $35.9M | $34.9M | — | View 990 |
| 2014 | $3.5M | $3.3M | $35.8M | $35.2M | — | View 990 |
| 2013 | $3.5M | $4.0M | $35.4M | $35.1M | — | View 990 |
| 2012 | $2.8M | $2.6M | $34.6M | $33.7M | — | View 990 |
| 2011 | $1.7M | $1.5M | $3.7M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.7M, and assets of $29.7M (revenue +9.4% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.9M, and assets of $30.2M (revenue -14.2% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.2M, and assets of $30.7M (revenue +3.6% year-over-year).
- 2020: Revenue of $2.8M, expenses of $3.2M, and assets of $31.6M (revenue -5.6% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.8M, and assets of $32.4M (revenue -49.4% year-over-year).
- 2018: Revenue of $6.0M, expenses of $6.7M, and assets of $33.7M (revenue +3.7% year-over-year).
- 2017: Revenue of $5.7M, expenses of $3.2M, and assets of $35.0M (revenue +2.5% year-over-year).
- 2016: Revenue of $5.6M, expenses of $3.7M, and assets of $33.0M (revenue +202.1% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.5M, and assets of $35.9M (revenue -46.4% year-over-year).
- 2014: Revenue of $3.5M, expenses of $3.3M, and assets of $35.8M (revenue -0.6% year-over-year).
- 2013: Revenue of $3.5M, expenses of $4.0M, and assets of $35.4M (revenue +23.5% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.6M, and assets of $34.6M (revenue +65.1% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.5M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Academy Educational Services Inc:
Data Sources and Methodology
This transparency report for New York Academy Educational Services 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.