Reach For The Stars Learning Center
Reach For The Stars Learning Center shows consistent revenue growth and no reported officer compensation.
EIN: 203042280 · Brooklyn, NY · NTEE: B28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $4.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $2.1M |
| Transparency Score | 90/100 |
Is Reach For The Stars Learning Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reach For The Stars Learning Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reach For The Stars Learning Center
Reach For The Stars Learning Center (EIN: 203042280) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B28. The organization reported total revenue of $5.3M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reach For The Stars Learning Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reach For The Stars Learning Center is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$154K |
| Total Assets | $3.3M |
| Total Liabilities | $1.2M |
| Net Assets | $2.1M |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 35.7% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2023, Reach For The Stars Learning Center reported a surplus of $154K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 35.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Reach For The Stars Learning Center's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.5% | +17.8% | +21.1% |
| 2022 | -7.6% | -4.1% | -21.8% |
| 2021 | +8.8% | +11.4% | +5.7% |
| 2020 | +4.6% | -3.9% | +56.2% |
| 2019 | +21.7% | +20.6% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Reach For The Stars Learning Center with a Mission Score of 90 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Reach For The Stars Learning Center allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $154K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with over $5 million in revenue and suggests either a fully volunteer-led executive team or compensation is reported under other expense categories, which would warrant further investigation for complete transparency.
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 Reach For The Stars Learning Center's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which may obscure true leadership costs if compensated by other means.
Strengths
The following positive indicators were identified for Reach For The Stars Learning Center:
- Consistent revenue growth over the past decade, indicating strong financial health and increasing capacity.
- Consistent operating surplus in most recent years, allowing for asset growth and financial stability.
- Zero reported officer compensation, suggesting a strong commitment to directing funds towards programmatic activities.
- Healthy asset growth, with assets increasing from $2,730,753 in 2022 to $3,305,959 in 2023, enhancing organizational capacity.
Frequently Asked Questions about Reach For The Stars Learning Center
Is Reach For The Stars Learning Center a legitimate charity?
Reach For The Stars Learning Center (EIN: 203042280) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Reach For The Stars Learning Center spend its money?
Reach For The Stars Learning Center directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Reach For The Stars Learning Center tax-deductible?
Reach For The Stars Learning Center is registered as a tax-exempt nonprofit (EIN: 203042280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Reach For The Stars Learning Center CEO make?
Reach For The Stars Learning Center's highest-compensated officer earns $5 annually. The organization reported $5.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Reach For The Stars Learning Center's spending goes to programs?
Reach For The Stars Learning Center directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Reach For The Stars Learning Center compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Reach For The Stars Learning Center is above average for NTEE category B28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Reach For The Stars Learning Center located?
Reach For The Stars Learning Center is headquartered in Brooklyn, New York and files with the IRS under EIN 203042280. It is classified under NTEE code B28.
How many years of IRS 990 filings does Reach For The Stars Learning Center have?
Reach For The Stars Learning Center 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 $5.3M in total revenue.
How does Reach For The Stars Learning Center manage to operate with 0% officer compensation given its revenue size?
The consistent reporting of 0% officer compensation across all filings is notable for an organization with over $5 million in revenue. This could indicate a fully volunteer-led executive team, or that executive compensation is covered by a related entity or reported under a different expense category, which would require further clarification for complete financial transparency.
What is the specific breakdown of program expenses for Reach For The Stars Learning Center?
While the overall program spending appears high, the provided data does not offer a detailed breakdown of specific program expenses. Further investigation into their Form 990, Part III, Statement of Program Service Accomplishments, would be necessary to understand the specific activities and costs associated with their educational programs.
What is the organization's strategy for managing its liabilities, which have fluctuated significantly?
Liabilities have fluctuated, reaching a high of $2,539,276 in 2014 and $1,793,245 in 2020, before decreasing to $1,181,680 in 2023. Understanding the nature of these liabilities (e.g., program-related debt, operational payables) and the organization's strategy for managing them is important for assessing long-term financial stability.
Filing History
IRS 990 filing history for Reach For The Stars Learning Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reach For The Stars Learning Center's revenue has grown by 113.4%, moving from $2.4M to $5.0M. Total assets increased by 128.7% over the same period, from $1.4M to $3.3M. Total functional expenses rose by 70.4%, from $2.9M to $4.9M. In its most recent filing year (2023), Reach For The Stars Learning Center reported a surplus of $154K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $3.3M in assets (debt-to-asset ratio: 35.7%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $4.9M | $3.3M | $1.2M | — | — |
| 2022 | $4.3M | $4.1M | $2.7M | $760K | — | View 990 |
| 2021 | $4.6M | $4.3M | $3.5M | $1.7M | — | View 990 |
| 2020 | $4.3M | $3.9M | $3.3M | $1.8M | — | — |
| 2019 | $4.1M | $4.0M | $2.1M | $990K | — | View 990 |
| 2018 | $3.4M | $3.3M | $2.1M | $1.0M | — | View 990 |
| 2017 | $3.4M | $3.3M | $1.8M | $673K | — | View 990 |
| 2016 | $3.5M | $3.3M | $1.8M | $727K | — | View 990 |
| 2015 | $2.6M | $3.7M | $1.3M | $474K | — | View 990 |
| 2014 | $2.8M | $2.5M | $4.4M | $2.5M | — | View 990 |
| 2013 | $2.4M | $2.4M | $4.1M | $2.5M | — | View 990 |
| 2012 | $3.3M | $2.7M | $4.5M | $2.9M | — | View 990 |
| 2011 | $2.4M | $2.9M | $1.4M | $469K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $4.9M, and assets of $3.3M (revenue +17.5% year-over-year).
- 2022: Revenue of $4.3M, expenses of $4.1M, and assets of $2.7M (revenue -7.6% year-over-year).
- 2021: Revenue of $4.6M, expenses of $4.3M, and assets of $3.5M (revenue +8.8% year-over-year).
- 2020: Revenue of $4.3M, expenses of $3.9M, and assets of $3.3M (revenue +4.6% year-over-year).
- 2019: Revenue of $4.1M, expenses of $4.0M, and assets of $2.1M (revenue +21.7% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.3M, and assets of $2.1M (revenue -0.8% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.3M, and assets of $1.8M (revenue -3.6% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.3M, and assets of $1.8M (revenue +35.7% year-over-year).
- 2015: Revenue of $2.6M, expenses of $3.7M, and assets of $1.3M (revenue -8.4% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.5M, and assets of $4.4M (revenue +16.4% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.4M, and assets of $4.1M (revenue -26.3% year-over-year).
- 2012: Revenue of $3.3M, expenses of $2.7M, and assets of $4.5M (revenue +39.1% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.9M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reach For The Stars Learning Center:
Data Sources and Methodology
This transparency report for Reach For The Stars Learning Center 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.