North Bronx Faculty Practice Corporation
North Bronx Faculty Practice Corporation experiences rapid revenue growth but reports an operating deficit in 2023 with no officer compensation.
EIN: 134169311 · New York, NY · NTEE: E99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.9M |
| Total Expenses | $24.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $21.6 |
| Net Assets | $11.4M |
| Transparency Score | 85/100 |
Is North Bronx Faculty Practice Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Bronx Faculty Practice Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Bronx Faculty Practice Corporation
North Bronx Faculty Practice Corporation (EIN: 134169311) is a nonprofit organization based in New York, NY, classified under NTEE code E99. The organization reported total revenue of $25.9M and total assets of $15.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Bronx Faculty Practice Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Bronx Faculty Practice Corporation 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 -13.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.6M |
| Total Expenses | $24.3M |
| Surplus / Deficit | $-2,650,634 |
| Total Assets | $11.4M |
| Net Assets | $11.4M |
| Operating Margin | -12.3% |
| Months of Reserves | 5.7 months |
Financial Health Grade: B
In 2023, North Bronx Faculty Practice Corporation reported a deficit of $2.7M with expenses exceeding revenue, holds 5.7 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), North Bronx Faculty Practice Corporation's revenue has declined at a compound annual growth rate (CAGR) of -13.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.4% | +124.2% | -18.8% |
| 2022 | -17.8% | +29.3% | +24.2% |
| 2021 | +340.0% | +65.3% | +253.7% |
| 2020 | -23.7% | +196.0% | -29.1% |
| 2019 | +935.2% | +41.2% | +391.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 North Bronx Faculty Practice Corporation 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: 90%
- fundraising: 0%
According to IRS 990 filings, North Bronx Faculty Practice Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $2.7M, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization, which is highly unusual for an organization of its size and revenue ($21.6 million in 2023).
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 North Bronx Faculty Practice Corporation's IRS 990 filings:
- Operating deficit in the most recent fiscal year (202306) where expenses exceeded revenue by over $2.6 million.
- Unusually high growth volatility in revenue and expenses over the past decade, making financial forecasting challenging.
- Consistent reporting of 0% officer compensation, which, while seemingly positive, can sometimes obscure compensation paid by related organizations or raise questions about the sustainability of leadership.
Strengths
The following positive indicators were identified for North Bronx Faculty Practice Corporation:
- Consistent reporting of zero liabilities across most filings, indicating strong financial solvency and low debt burden.
- Significant growth in assets from $3.2 million in 2020 to $11.43 million in 2023, demonstrating increasing financial capacity.
- Absence of reported officer compensation, suggesting a high proportion of funds are directed towards programs or other operational costs rather than executive salaries.
Frequently Asked Questions about North Bronx Faculty Practice Corporation
Is North Bronx Faculty Practice Corporation a legitimate charity?
North Bronx Faculty Practice Corporation (EIN: 134169311) 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: $25.9M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does North Bronx Faculty Practice Corporation spend its money?
North Bronx Faculty Practice Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to North Bronx Faculty Practice Corporation tax-deductible?
North Bronx Faculty Practice Corporation is registered as a tax-exempt nonprofit (EIN: 134169311). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the North Bronx Faculty Practice Corporation CEO make?
North Bronx Faculty Practice Corporation's highest-compensated officer earns $21.6 annually. The organization reported $25.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does North Bronx Faculty Practice Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), North Bronx Faculty Practice Corporation is above average for NTEE category E99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North Bronx Faculty Practice Corporation located?
North Bronx Faculty Practice Corporation is headquartered in New York, New York and files with the IRS under EIN 134169311. It is classified under NTEE code E99.
How many years of IRS 990 filings does North Bronx Faculty Practice Corporation have?
North Bronx Faculty Practice Corporation 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 $25.9M in total revenue.
Why does North Bronx Faculty Practice Corporation consistently report zero officer compensation despite significant revenue?
The consistent reporting of 0% officer compensation across all filings, even with revenue exceeding $21 million in 2023, suggests that executive leadership may be compensated by an affiliated entity or that the organization operates with an entirely volunteer-based executive structure. This is a highly unusual practice for an organization of this scale.
What caused the significant increase in revenue and expenses between 2020 and 2023?
Revenue surged from $3.75 million in 2020 to $21.61 million in 2023, with expenses also rising from $5.06 million to $24.26 million in the same period. This indicates a substantial expansion of operations, programs, or services, likely driven by new funding streams or increased demand for its services.
Is the operating deficit in 2023 a cause for concern?
In 2023, expenses ($24,261,737) exceeded revenue ($21,611,103) by over $2.6 million. While a single year's deficit can be managed, especially during periods of rapid growth, sustained deficits could impact long-term financial health. However, the organization's consistent reporting of zero liabilities suggests it has other financial reserves or strategies to cover such shortfalls.
Filing History
IRS 990 filing history for North Bronx Faculty Practice Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Bronx Faculty Practice Corporation's revenue has declined by 83.2%, moving from $129.0M to $21.6M. Total assets decreased by 24.2% over the same period, from $15.1M to $11.4M. Total functional expenses fell by 81.6%, from $132.2M to $24.3M. In its most recent filing year (2023), North Bronx Faculty Practice Corporation reported a deficit of $2.7M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21.6M | $24.3M | $11.4M | $0 | — | — |
| 2022 | $13.6M | $10.8M | $14.1M | $0 | — | View 990 |
| 2021 | $16.5M | $8.4M | $11.3M | $0 | — | View 990 |
| 2020 | $3.8M | $5.1M | $3.2M | $0 | — | View 990 |
| 2019 | $4.9M | $1.7M | $4.5M | $0 | — | View 990 |
| 2018 | $475K | $1.2M | $919K | $0 | — | View 990 |
| 2017 | $369K | $1.2M | $1.7M | $0 | — | View 990 |
| 2016 | $27K | $182K | $2.3M | $0 | — | View 990 |
| 2015 | $443K | $306K | $2.5M | $0 | — | View 990 |
| 2014 | $906K | $827K | $2.6M | $303K | — | View 990 |
| 2013 | $1.8M | $2.2M | $2.6M | $94K | — | View 990 |
| 2012 | $17.5M | $13.8M | $3.0M | $197K | — | View 990 |
| 2011 | $129.0M | $132.2M | $15.1M | $16.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.6M, expenses of $24.3M, and assets of $11.4M (revenue +59.4% year-over-year).
- 2022: Revenue of $13.6M, expenses of $10.8M, and assets of $14.1M (revenue -17.8% year-over-year).
- 2021: Revenue of $16.5M, expenses of $8.4M, and assets of $11.3M (revenue +340.0% year-over-year).
- 2020: Revenue of $3.8M, expenses of $5.1M, and assets of $3.2M (revenue -23.7% year-over-year).
- 2019: Revenue of $4.9M, expenses of $1.7M, and assets of $4.5M (revenue +935.2% year-over-year).
- 2018: Revenue of $475K, expenses of $1.2M, and assets of $919K (revenue +28.6% year-over-year).
- 2017: Revenue of $369K, expenses of $1.2M, and assets of $1.7M (revenue +1261.1% year-over-year).
- 2016: Revenue of $27K, expenses of $182K, and assets of $2.3M (revenue -93.9% year-over-year).
- 2015: Revenue of $443K, expenses of $306K, and assets of $2.5M (revenue -51.1% year-over-year).
- 2014: Revenue of $906K, expenses of $827K, and assets of $2.6M (revenue -49.9% year-over-year).
- 2013: Revenue of $1.8M, expenses of $2.2M, and assets of $2.6M (revenue -89.7% year-over-year).
- 2012: Revenue of $17.5M, expenses of $13.8M, and assets of $3.0M (revenue -86.4% year-over-year).
- 2011: Revenue of $129.0M, expenses of $132.2M, and assets of $15.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Bronx Faculty Practice Corporation:
Data Sources and Methodology
This transparency report for North Bronx Faculty Practice Corporation 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.