Packer Collegiate Institute
Packer Collegiate Institute shows consistent financial growth and healthy surpluses over the past decade.
EIN: 111633522 · Brooklyn, NY · NTEE: B200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $84.7M |
| Total Expenses | $61.3M |
| Program Spending | 85% |
| Net Assets | $149.6M |
| Transparency Score | 85/100 |
Is Packer Collegiate Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Packer Collegiate Institute directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Packer Collegiate Institute
Packer Collegiate Institute (EIN: 111633522) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B200. The organization reported total revenue of $84.7M and total assets of $214.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Packer Collegiate Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Packer Collegiate Institute is a major nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71.5M |
| Total Expenses | $61.3M |
| Surplus / Deficit | +$10.2M |
| Total Assets | $196.7M |
| Total Liabilities | $47.1M |
| Net Assets | $149.6M |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 23.9% |
| Months of Reserves | 38.5 months |
Financial Health Grade: A
In 2023, Packer Collegiate Institute reported a surplus of $10.2M with revenue exceeding expenses, holds 38.5 months of operating reserves (strong position), has a debt-to-asset ratio of 23.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Packer Collegiate Institute's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.9% | +4.5% | +7.8% |
| 2022 | +2.9% | +4.9% | +3.4% |
| 2021 | +22.6% | +4.5% | +16.0% |
| 2020 | -7.0% | +0.5% | +6.5% |
| 2019 | +8.1% | +7.8% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1938 |
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 Packer Collegiate Institute 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: 85%
- fundraising: 5%
According to IRS 990 filings, Packer Collegiate Institute 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 surplus of $10.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.9%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all available filings, suggesting that executive compensation is either not reported in this specific section of the 990 or is structured differently, which requires further investigation for a complete understanding of compensation practices relative to the organization's substantial size and revenue.
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 Packer Collegiate Institute's IRS 990 filings:
- Lack of reported officer compensation in provided data, requiring further investigation for full transparency.
Strengths
The following positive indicators were identified for Packer Collegiate Institute:
- Consistent revenue growth, from $45.8M in 2014 to $71.4M in 2023.
- Significant asset growth, from $83.6M in 2014 to $196.6M in 2023.
- Consistent operating surpluses, indicating strong financial management.
- Healthy financial reserves with assets significantly exceeding liabilities (e.g., $196.6M assets vs. $47.0M liabilities in 2023).
- Long history of IRS 990 filings (13 filings), indicating compliance and transparency.
Frequently Asked Questions about Packer Collegiate Institute
Is Packer Collegiate Institute a legitimate charity?
Packer Collegiate Institute (EIN: 111633522) 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: $84.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Packer Collegiate Institute spend its money?
Packer Collegiate Institute directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Packer Collegiate Institute tax-deductible?
Packer Collegiate Institute is registered as a tax-exempt nonprofit (EIN: 111633522). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Packer Collegiate Institute's spending goes to programs?
Packer Collegiate Institute directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Packer Collegiate Institute compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Packer Collegiate Institute is above average for NTEE category B200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Packer Collegiate Institute located?
Packer Collegiate Institute is headquartered in Brooklyn, New York and files with the IRS under EIN 111633522. It is classified under NTEE code B200.
How many years of IRS 990 filings does Packer Collegiate Institute have?
Packer Collegiate Institute 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 $84.7M in total revenue.
Is Packer Collegiate Institute financially stable?
Yes, Packer Collegiate Institute appears financially stable, consistently generating surpluses (e.g., $71,478,420 revenue vs. $61,287,845 expenses in 2023) and growing its assets significantly from $83,680,111 in 2014 to $196,650,032 in 2023.
How has the organization's revenue grown over time?
The organization's revenue has shown substantial growth, increasing from $45,862,158 in 2014 to $71,478,420 in 2023, indicating a strong upward trend.
What is the trend in the organization's assets?
Packer Collegiate Institute's assets have consistently grown, more than doubling from $83,680,111 in 2014 to $196,650,032 in 2023, demonstrating strong financial accumulation.
Is executive compensation transparent?
The provided data consistently shows 0% officer compensation, which suggests that executive compensation details are not captured in this summary and would require a deeper dive into the full 990 forms for complete transparency.
Does the organization operate with a surplus or deficit?
The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in all reported periods (e.g., $71,478,420 revenue vs. $61,287,845 expenses in 2023).
Filing History
IRS 990 filing history for Packer Collegiate Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Packer Collegiate Institute's revenue has grown by 102.3%, moving from $35.3M to $71.5M. Total assets increased by 186.2% over the same period, from $68.7M to $196.7M. Total functional expenses rose by 79.5%, from $34.1M to $61.3M. In its most recent filing year (2023), Packer Collegiate Institute reported a surplus of $10.2M, with revenue exceeding expenses. The organization holds $47.1M in liabilities against $196.7M in assets (debt-to-asset ratio: 23.9%), resulting in net assets of $149.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71.5M | $61.3M | $196.7M | $47.1M | — | — |
| 2022 | $72.1M | $58.7M | $182.5M | $45.0M | — | View 990 |
| 2021 | $70.0M | $55.9M | $176.4M | $49.3M | — | — |
| 2020 | $57.1M | $53.5M | $152.0M | $49.3M | — | View 990 |
| 2019 | $61.4M | $53.2M | $142.8M | $45.6M | — | View 990 |
| 2018 | $56.9M | $49.4M | $136.0M | $48.3M | — | View 990 |
| 2017 | $54.2M | $46.3M | $126.2M | $47.9M | — | View 990 |
| 2016 | $50.3M | $45.7M | $113.6M | $46.7M | — | View 990 |
| 2015 | $53.5M | $42.8M | $111.1M | $46.6M | — | View 990 |
| 2014 | $45.9M | $39.6M | $83.7M | $23.5M | — | View 990 |
| 2013 | $42.8M | $37.9M | $73.8M | $22.7M | — | View 990 |
| 2012 | $37.8M | $36.1M | $70.1M | $25.5M | — | View 990 |
| 2011 | $35.3M | $34.1M | $68.7M | $24.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $71.5M, expenses of $61.3M, and assets of $196.7M (revenue -0.9% year-over-year).
- 2022: Revenue of $72.1M, expenses of $58.7M, and assets of $182.5M (revenue +2.9% year-over-year).
- 2021: Revenue of $70.0M, expenses of $55.9M, and assets of $176.4M (revenue +22.6% year-over-year).
- 2020: Revenue of $57.1M, expenses of $53.5M, and assets of $152.0M (revenue -7.0% year-over-year).
- 2019: Revenue of $61.4M, expenses of $53.2M, and assets of $142.8M (revenue +8.1% year-over-year).
- 2018: Revenue of $56.9M, expenses of $49.4M, and assets of $136.0M (revenue +4.9% year-over-year).
- 2017: Revenue of $54.2M, expenses of $46.3M, and assets of $126.2M (revenue +7.7% year-over-year).
- 2016: Revenue of $50.3M, expenses of $45.7M, and assets of $113.6M (revenue -6.0% year-over-year).
- 2015: Revenue of $53.5M, expenses of $42.8M, and assets of $111.1M (revenue +16.7% year-over-year).
- 2014: Revenue of $45.9M, expenses of $39.6M, and assets of $83.7M (revenue +7.3% year-over-year).
- 2013: Revenue of $42.8M, expenses of $37.9M, and assets of $73.8M (revenue +13.1% year-over-year).
- 2012: Revenue of $37.8M, expenses of $36.1M, and assets of $70.1M (revenue +7.0% year-over-year).
- 2011: Revenue of $35.3M, expenses of $34.1M, and assets of $68.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Packer Collegiate Institute:
Data Sources and Methodology
This transparency report for Packer Collegiate Institute 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.