Pratt Institute
Pratt Institute shows consistent revenue growth and healthy asset accumulation with expenses consistently below revenue.
EIN: 111630822 · Brooklyn, NY · NTEE: B430 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $430.7M |
| Total Expenses | $322.6M |
| Program Spending | 75% |
| Net Assets | $544.7M |
| Transparency Score | 80/100 |
Is Pratt Institute Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pratt Institute directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pratt Institute
Pratt Institute (EIN: 111630822) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B430. The organization reported total revenue of $430.7M and total assets of $797.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pratt Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pratt Institute is a major nonprofit that has been operating for 91 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $337.7M |
| Total Expenses | $322.6M |
| Surplus / Deficit | +$15.1M |
| Total Assets | $748.0M |
| Total Liabilities | $203.3M |
| Net Assets | $544.7M |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 27.2% |
| Months of Reserves | 27.8 months |
Financial Health Grade: A
In 2023, Pratt Institute reported a surplus of $15.1M with revenue exceeding expenses, holds 27.8 months of operating reserves (strong position), has a debt-to-asset ratio of 27.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pratt Institute's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.2% | +7.2% | +3.9% |
| 2022 | +35.6% | +22.0% | -4.7% |
| 2021 | -15.5% | -11.6% | +6.3% |
| 2020 | -3.7% | +3.1% | +0.7% |
| 2019 | +9.2% | +5.5% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1935 |
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 Pratt Institute 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Pratt Institute allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $15.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.2%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all listed periods, which is highly unusual for an institution of Pratt Institute's size and revenue. This suggests that executive compensation may be reported under different categories or that the summary data is incomplete regarding this specific detail, making a direct analysis of executive compensation relative to organizational size impossible with the given information.
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 Pratt Institute's IRS 990 filings:
- Lack of detailed executive compensation reporting in summary data (0% listed for officer comp)
- Absence of specific program, admin, and fundraising expense breakdowns in summary data
Strengths
The following positive indicators were identified for Pratt Institute:
- Consistent revenue growth over the past decade, from $225,537,459 in 2014 to $337,685,018 in 2023.
- Healthy asset accumulation, increasing from $541,597,642 in 2014 to $747,993,021 in 2023.
- Consistent operation with a surplus, with expenses generally below revenue, indicating sound financial management.
- Stable or decreasing liabilities in recent years, suggesting good debt management.
Frequently Asked Questions about Pratt Institute
Is Pratt Institute a legitimate charity?
Based on AI analysis of IRS 990 filings, Pratt Institute (EIN: 111630822) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Pratt Institute spend its money?
Pratt Institute directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pratt Institute tax-deductible?
Pratt Institute is registered as a tax-exempt nonprofit (EIN: 111630822). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pratt Institute's spending goes to programs?
Pratt Institute directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pratt Institute compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Pratt Institute is above average for NTEE category B430 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pratt Institute located?
Pratt Institute is headquartered in Brooklyn, New York and files with the IRS under EIN 111630822. It is classified under NTEE code B430.
How many years of IRS 990 filings does Pratt Institute have?
Pratt 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 $430.7M in total revenue.
How is executive compensation reported if 0% is listed for officer compensation?
The provided summary data indicates 0% officer compensation. For an organization of Pratt Institute's scale, executive compensation is expected. It is likely reported under other expense categories within the full IRS 990 form, such as salaries and wages, or the provided summary data is incomplete regarding this specific detail. A review of the full 990 would clarify this.
What are the specific breakdowns of program, administrative, and fundraising expenses?
The provided summary data does not include a detailed breakdown of program, administrative, and fundraising expenses. To assess spending efficiency accurately, these figures would need to be extracted from the full IRS 990 filings.
What is the primary source of Pratt Institute's revenue?
While the specific breakdown of revenue sources is not provided in the summary, for an educational institution like Pratt Institute, major revenue streams typically include tuition and fees, government grants, contributions, and investment income. The full 990 would detail these sources.
What is the current endowment value of Pratt Institute?
The provided data shows total assets, which include the endowment, but does not break out the specific endowment value. Total assets were $747,993,021 in 2023, indicating a substantial resource base, part of which would be the endowment.
Filing History
IRS 990 filing history for Pratt Institute showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pratt Institute's revenue has grown by 78.1%, moving from $189.7M to $337.7M. Total assets increased by 61.2% over the same period, from $464.0M to $748.0M. Total functional expenses rose by 86%, from $173.4M to $322.6M. In its most recent filing year (2023), Pratt Institute reported a surplus of $15.1M, with revenue exceeding expenses. The organization holds $203.3M in liabilities against $748.0M in assets (debt-to-asset ratio: 27.2%), resulting in net assets of $544.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $337.7M | $322.6M | $748.0M | $203.3M | — | — |
| 2022 | $327.2M | $300.9M | $719.6M | $203.6M | — | View 990 |
| 2021 | $241.2M | $246.6M | $755.0M | $211.0M | — | View 990 |
| 2020 | $285.4M | $278.9M | $710.6M | $272.8M | — | View 990 |
| 2019 | $296.4M | $270.5M | $705.3M | $294.7M | — | View 990 |
| 2018 | $271.5M | $256.3M | $675.4M | $284.8M | — | View 990 |
| 2017 | $258.7M | $244.1M | $645.8M | $288.1M | — | View 990 |
| 2016 | $238.3M | $227.0M | $609.4M | $280.1M | — | View 990 |
| 2015 | $230.8M | $214.8M | $589.0M | $257.4M | — | View 990 |
| 2014 | $225.5M | $209.4M | $541.6M | $224.9M | — | View 990 |
| 2013 | $212.6M | $196.4M | $507.6M | $210.6M | — | View 990 |
| 2012 | $195.0M | $186.3M | $473.1M | $209.8M | — | View 990 |
| 2011 | $189.7M | $173.4M | $464.0M | $198.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $337.7M, expenses of $322.6M, and assets of $748.0M (revenue +3.2% year-over-year).
- 2022: Revenue of $327.2M, expenses of $300.9M, and assets of $719.6M (revenue +35.6% year-over-year).
- 2021: Revenue of $241.2M, expenses of $246.6M, and assets of $755.0M (revenue -15.5% year-over-year).
- 2020: Revenue of $285.4M, expenses of $278.9M, and assets of $710.6M (revenue -3.7% year-over-year).
- 2019: Revenue of $296.4M, expenses of $270.5M, and assets of $705.3M (revenue +9.2% year-over-year).
- 2018: Revenue of $271.5M, expenses of $256.3M, and assets of $675.4M (revenue +5.0% year-over-year).
- 2017: Revenue of $258.7M, expenses of $244.1M, and assets of $645.8M (revenue +8.6% year-over-year).
- 2016: Revenue of $238.3M, expenses of $227.0M, and assets of $609.4M (revenue +3.2% year-over-year).
- 2015: Revenue of $230.8M, expenses of $214.8M, and assets of $589.0M (revenue +2.4% year-over-year).
- 2014: Revenue of $225.5M, expenses of $209.4M, and assets of $541.6M (revenue +6.1% year-over-year).
- 2013: Revenue of $212.6M, expenses of $196.4M, and assets of $507.6M (revenue +9.0% year-over-year).
- 2012: Revenue of $195.0M, expenses of $186.3M, and assets of $473.1M (revenue +2.8% year-over-year).
- 2011: Revenue of $189.7M, expenses of $173.4M, and assets of $464.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pratt Institute:
Data Sources and Methodology
This transparency report for Pratt 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.