Pharos Academy Charter School
Pharos Academy Charter School shows consistent revenue growth and stable operations, with a recent significant increase in liabilities.
EIN: 201107218 · Bronx, NY · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.0M |
| Total Expenses | $16.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $16.9 |
| Net Assets | $8.5M |
| Transparency Score | 80/100 |
Is Pharos 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 →
Pharos Academy Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pharos Academy Charter School
Pharos Academy Charter School (EIN: 201107218) is a nonprofit organization based in Bronx, NY, classified under NTEE code B29. The organization reported total revenue of $17.0M and total assets of $20.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pharos Academy Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pharos Academy Charter School is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.2M |
| Total Expenses | $16.1M |
| Surplus / Deficit | +$130K |
| Total Assets | $20.8M |
| Total Liabilities | $12.3M |
| Net Assets | $8.5M |
| Operating Margin | 0.8% |
| Debt-to-Asset Ratio | 59.3% |
| Months of Reserves | 15.5 months |
Financial Health Grade: A
In 2023, Pharos Academy Charter School reported a surplus of $130K with revenue exceeding expenses, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 59.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pharos Academy Charter School's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | +5.7% | +109.9% |
| 2022 | +5.3% | +14.7% | -3.9% |
| 2021 | +14.9% | +4.0% | -41.6% |
| 2020 | +3.2% | +2.8% | -7.8% |
| 2019 | +6.8% | +12.6% | +134.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Pharos Academy Charter School with a Mission Score of 80 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, Pharos Academy 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 surplus of $130K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.3%.
Executive Compensation Analysis
The IRS 990 filings for Pharos Academy Charter School consistently report 0% officer compensation across all available periods, indicating that no compensation was paid to officers, directors, trustees, or key employees as reported on Part VII, Section A of the Form 990. This suggests a volunteer leadership structure or that compensation falls below reporting thresholds, which is unusual for an organization of this size ($16.9 million in 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 Pharos Academy Charter School's IRS 990 filings:
- Significant increase in liabilities from $1.5 million in 2022 to $12.3 million in 2023, warranting further investigation into their nature.
- Consistent reporting of 0% officer compensation for an organization with over $16 million in revenue, which is unusual and may indicate compensation is reported differently or falls below specific thresholds.
Strengths
The following positive indicators were identified for Pharos Academy Charter School:
- Consistent and strong revenue growth over the past decade, from $9.6 million in 2014 to $16.1 million in 2023.
- Maintained positive net assets, indicating financial stability and growth in equity.
- Expenses closely align with revenue, suggesting efficient use of funds for its program services.
- Consistent filing of IRS 990s, demonstrating a commitment to transparency.
Frequently Asked Questions about Pharos Academy Charter School
Is Pharos Academy Charter School a legitimate charity?
Pharos Academy Charter School (EIN: 201107218) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $17.0M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Pharos Academy Charter School spend its money?
Pharos Academy Charter School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Pharos Academy Charter School tax-deductible?
Pharos Academy Charter School is registered as a tax-exempt nonprofit (EIN: 201107218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pharos Academy Charter School CEO make?
Pharos Academy Charter School's highest-compensated officer earns $16.9 annually. The organization reported $17.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pharos Academy Charter School's spending goes to programs?
Pharos Academy Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pharos Academy Charter School compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Pharos 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 Pharos Academy Charter School located?
Pharos Academy Charter School is headquartered in Bronx, New York and files with the IRS under EIN 201107218. It is classified under NTEE code B29.
How many years of IRS 990 filings does Pharos Academy Charter School have?
Pharos Academy 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 $17.0M in total revenue.
Is Pharos Academy Charter School financially stable?
Yes, the organization appears financially stable with consistent revenue growth from $9.6 million in 2014 to $16.1 million in 2023 and positive net assets of $8.4 million in 2023. However, the significant increase in liabilities to $12.3 million in 2023, up from $1.5 million in 2022, should be investigated further to understand its nature and impact.
How efficiently does Pharos Academy Charter School spend its money?
The organization appears to spend its money efficiently, with expenses closely tracking revenue. For example, in 2023, expenses were $16,054,018 against revenues of $16,183,655, indicating that most funds are directly applied to its operations and mission.
What is the trend in the organization's assets and liabilities?
Assets have shown significant growth, from $5.8 million in 2014 to $20.7 million in 2023. Liabilities also saw a substantial increase, particularly from $1.5 million in 2022 to $12.3 million in 2023, which is a notable shift in its financial structure.
Does Pharos Academy Charter School pay its executives?
Based on the IRS 990 filings, Pharos Academy Charter School consistently reports 0% officer compensation, suggesting that no compensation was reported for officers, directors, trustees, or key employees in the available periods.
Filing History
IRS 990 filing history for Pharos Academy Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pharos Academy Charter School's revenue has grown by 110.2%, moving from $7.7M to $16.2M. Total assets increased by 560.8% over the same period, from $3.1M to $20.8M. Total functional expenses rose by 111.8%, from $7.6M to $16.1M. In its most recent filing year (2023), Pharos Academy Charter School reported a surplus of $130K, with revenue exceeding expenses. The organization holds $12.3M in liabilities against $20.8M in assets (debt-to-asset ratio: 59.3%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.2M | $16.1M | $20.8M | $12.3M | — | View 990 |
| 2022 | $15.3M | $15.2M | $9.9M | $1.6M | — | View 990 |
| 2021 | $14.6M | $13.2M | $10.3M | $2.1M | — | View 990 |
| 2020 | $12.7M | $12.7M | $17.7M | $10.9M | — | View 990 |
| 2019 | $12.3M | $12.4M | $19.1M | $12.4M | — | View 990 |
| 2018 | $11.5M | $11.0M | $8.2M | $1.3M | — | View 990 |
| 2017 | $10.6M | $10.1M | $7.4M | $1.1M | — | View 990 |
| 2016 | $10.7M | $10.0M | $6.6M | $733K | — | View 990 |
| 2015 | $10.6M | $10.1M | $6.2M | $1.1M | — | View 990 |
| 2014 | $9.6M | $9.0M | $5.8M | $1.1M | — | View 990 |
| 2013 | $9.0M | $8.9M | $5.1M | $929K | — | View 990 |
| 2012 | $8.1M | $6.7M | $4.6M | $612K | — | View 990 |
| 2011 | $7.7M | $7.6M | $3.1M | $579K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.2M, expenses of $16.1M, and assets of $20.8M (revenue +5.5% year-over-year).
- 2022: Revenue of $15.3M, expenses of $15.2M, and assets of $9.9M (revenue +5.3% year-over-year).
- 2021: Revenue of $14.6M, expenses of $13.2M, and assets of $10.3M (revenue +14.9% year-over-year).
- 2020: Revenue of $12.7M, expenses of $12.7M, and assets of $17.7M (revenue +3.2% year-over-year).
- 2019: Revenue of $12.3M, expenses of $12.4M, and assets of $19.1M (revenue +6.8% year-over-year).
- 2018: Revenue of $11.5M, expenses of $11.0M, and assets of $8.2M (revenue +8.3% year-over-year).
- 2017: Revenue of $10.6M, expenses of $10.1M, and assets of $7.4M (revenue -0.2% year-over-year).
- 2016: Revenue of $10.7M, expenses of $10.0M, and assets of $6.6M (revenue +0.7% year-over-year).
- 2015: Revenue of $10.6M, expenses of $10.1M, and assets of $6.2M (revenue +10.0% year-over-year).
- 2014: Revenue of $9.6M, expenses of $9.0M, and assets of $5.8M (revenue +6.5% year-over-year).
- 2013: Revenue of $9.0M, expenses of $8.9M, and assets of $5.1M (revenue +11.6% year-over-year).
- 2012: Revenue of $8.1M, expenses of $6.7M, and assets of $4.6M (revenue +5.1% year-over-year).
- 2011: Revenue of $7.7M, expenses of $7.6M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pharos Academy Charter School:
Data Sources and Methodology
This transparency report for Pharos 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.