Our World Neighborhood Charter School
Our World Neighborhood Charter School shows significant asset growth amidst periods of deficit spending.
EIN: 113602805 · Astoria, NY · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.9M |
| Total Expenses | $29.3M |
| Program Spending | 85% |
| Net Assets | $730K |
| Transparency Score | 75/100 |
Is Our World Neighborhood Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Our World Neighborhood Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Our World Neighborhood Charter School
Our World Neighborhood Charter School (EIN: 113602805) is a nonprofit organization based in Astoria, NY, classified under NTEE code B29. The organization reported total revenue of $32.9M and total assets of $133.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Our World Neighborhood Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Our World Neighborhood Charter School is a large nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27.6M |
| Total Expenses | $29.3M |
| Surplus / Deficit | $-1,705,748 |
| Total Assets | $52.5M |
| Total Liabilities | $51.8M |
| Net Assets | $730K |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 98.6% |
| Months of Reserves | 21.5 months |
Financial Health Grade: C
In 2023, Our World Neighborhood Charter School reported a deficit of $1.7M with expenses exceeding revenue, holds 21.5 months of operating reserves (strong position), has a debt-to-asset ratio of 98.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Our World Neighborhood Charter School's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.1% | +22.8% | +582.1% |
| 2022 | +28.0% | +23.0% | -4.2% |
| 2021 | +10.1% | +5.7% | +15.7% |
| 2020 | +13.1% | +10.0% | +38.4% |
| 2019 | +20.6% | +35.0% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
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 Our World Neighborhood 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Our World Neighborhood Charter 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are either uncompensated or compensated through other means not categorized as officer compensation on the 990, which is a positive sign for resource allocation to mission-related activities.
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 Our World Neighborhood Charter School's IRS 990 filings:
- Occasional operating deficits where expenses exceed revenue (e.g., 202306, 202106, 202006, 201906, 201506, 201406).
- Significant and rapid increase in assets and liabilities between 2022 and 2023, and then to the latest figures, warrants detailed scrutiny of the balance sheet.
Strengths
The following positive indicators were identified for Our World Neighborhood Charter School:
- Consistent growth in revenue over the past decade, indicating expanding operations and reach.
- Reported 0% officer compensation across all filings, suggesting efficient use of funds for mission.
- Substantial asset base ($133,502,219 latest) provides long-term stability and capacity for growth.
Frequently Asked Questions about Our World Neighborhood Charter School
Is Our World Neighborhood Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Our World Neighborhood Charter School (EIN: 113602805) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Our World Neighborhood Charter School spend its money?
Our World Neighborhood Charter School directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Our World Neighborhood Charter School tax-deductible?
Our World Neighborhood Charter School is registered as a tax-exempt nonprofit (EIN: 113602805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Our World Neighborhood Charter School's spending goes to programs?
Our World Neighborhood Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Our World Neighborhood Charter School compare to similar nonprofits?
With a transparency score of 75/100 (Good), Our World Neighborhood 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 Our World Neighborhood Charter School located?
Our World Neighborhood Charter School is headquartered in Astoria, New York and files with the IRS under EIN 113602805. It is classified under NTEE code B29.
How many years of IRS 990 filings does Our World Neighborhood Charter School have?
Our World Neighborhood 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 $32.9M in total revenue.
What caused the significant increase in assets from $7.7 million in 2022 to $133.5 million currently?
The dramatic increase in assets from $7,702,129 in 202206 to $52,533,951 in 202306 and then to $133,502,219 (latest) suggests a major capital acquisition, likely related to real estate or significant infrastructure development, which would be typical for a growing charter school. Further details would be in the full 990 forms' balance sheet and statements of functional expenses.
How does the organization manage its occasional operating deficits?
The organization has experienced periods where expenses exceeded revenue, such as in 202306 ($27,586,471 revenue vs. $29,292,219 expenses). This suggests that deficits are likely covered by prior year surpluses, grants, or potentially debt, which is reflected in the fluctuating liabilities. The substantial asset base could also provide financial flexibility.
What is the primary source of the organization's revenue?
As a charter school (NTEE Code B29), the primary source of revenue is typically government grants and contracts for educational services, often based on student enrollment. The consistent growth in revenue from $10.8 million in 2014 to $32.8 million currently supports this.
Filing History
IRS 990 filing history for Our World Neighborhood Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Our World Neighborhood Charter School's revenue has grown by 159.7%, moving from $10.6M to $27.6M. Total assets increased by 693.8% over the same period, from $6.6M to $52.5M. Total functional expenses rose by 196.7%, from $9.9M to $29.3M. In its most recent filing year (2023), Our World Neighborhood Charter School reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $51.8M in liabilities against $52.5M in assets (debt-to-asset ratio: 98.6%), resulting in net assets of $730K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27.6M | $29.3M | $52.5M | $51.8M | — | View 990 |
| 2022 | $24.8M | $23.9M | $7.7M | $5.3M | — | View 990 |
| 2021 | $19.4M | $19.4M | $8.0M | $6.6M | — | — |
| 2020 | $17.6M | $18.3M | $6.9M | $5.5M | — | View 990 |
| 2019 | $15.6M | $16.7M | $5.0M | $2.8M | — | View 990 |
| 2018 | $12.9M | $12.4M | $4.7M | $1.4M | — | View 990 |
| 2017 | $12.2M | $11.8M | $7.6M | $1.6M | — | View 990 |
| 2016 | $11.4M | $11.3M | $6.8M | $1.2M | — | View 990 |
| 2015 | $11.0M | $11.5M | $6.7M | $1.1M | — | View 990 |
| 2014 | $10.8M | $11.0M | $7.3M | $1.2M | — | View 990 |
| 2013 | $10.6M | $10.4M | $7.2M | $982K | — | View 990 |
| 2012 | $10.3M | $9.9M | $7.0M | $1.0M | — | View 990 |
| 2011 | $10.6M | $9.9M | $6.6M | $964K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27.6M, expenses of $29.3M, and assets of $52.5M (revenue +11.1% year-over-year).
- 2022: Revenue of $24.8M, expenses of $23.9M, and assets of $7.7M (revenue +28.0% year-over-year).
- 2021: Revenue of $19.4M, expenses of $19.4M, and assets of $8.0M (revenue +10.1% year-over-year).
- 2020: Revenue of $17.6M, expenses of $18.3M, and assets of $6.9M (revenue +13.1% year-over-year).
- 2019: Revenue of $15.6M, expenses of $16.7M, and assets of $5.0M (revenue +20.6% year-over-year).
- 2018: Revenue of $12.9M, expenses of $12.4M, and assets of $4.7M (revenue +6.0% year-over-year).
- 2017: Revenue of $12.2M, expenses of $11.8M, and assets of $7.6M (revenue +7.1% year-over-year).
- 2016: Revenue of $11.4M, expenses of $11.3M, and assets of $6.8M (revenue +3.6% year-over-year).
- 2015: Revenue of $11.0M, expenses of $11.5M, and assets of $6.7M (revenue +1.4% year-over-year).
- 2014: Revenue of $10.8M, expenses of $11.0M, and assets of $7.3M (revenue +2.1% year-over-year).
- 2013: Revenue of $10.6M, expenses of $10.4M, and assets of $7.2M (revenue +3.4% year-over-year).
- 2012: Revenue of $10.3M, expenses of $9.9M, and assets of $7.0M (revenue -3.4% year-over-year).
- 2011: Revenue of $10.6M, expenses of $9.9M, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Our World Neighborhood Charter School:
Data Sources and Methodology
This transparency report for Our World Neighborhood 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.