Reece School
Reece School consistently operates with expenses exceeding revenue, yet maintains substantial assets and reports no officer compensation.
EIN: 131626154 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.0M |
| Total Expenses | $10.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Reece School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reece School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reece School
Reece School (EIN: 131626154) is a nonprofit organization based in New York, NY. The organization reported total revenue of $11.0M and total assets of $21.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reece School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reece School is a large nonprofit that has been operating for 75 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.8M |
| Total Expenses | $10.1M |
| Surplus / Deficit | $-287,797 |
| Total Assets | $9.1M |
| Total Liabilities | $7.8M |
| Net Assets | $1.3M |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 85.9% |
| Months of Reserves | 10.8 months |
Financial Health Grade: C
In 2023, Reece School reported a deficit of $288K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 85.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Reece School's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.5% | +15.7% | -6.8% |
| 2022 | -13.0% | -0.7% | -10.3% |
| 2021 | +8.4% | +1.3% | +11.8% |
| 2020 | +6.5% | +4.7% | +8.0% |
| 2019 | +12.1% | +5.6% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1951 |
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 Reece 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Reece School allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $288K, with expenses exceeding revenue.
- Debt-to-asset ratio: 85.9%.
Executive Compensation Analysis
Reece School consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no portion of its revenue is allocated to executive salaries, which is highly unusual for an organization of its size with over $10 million in latest 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 Reece School's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in multiple periods, such as 202306 ($10,096,244 expenses vs. $9,808,447 revenue) and 202206 ($8,724,132 expenses vs. $8,140,860 revenue).
- Unusually high liabilities in earlier periods, sometimes exceeding assets (e.g., 202206 liabilities of $11,228,655 against assets of $9,789,705), though this trend has improved.
Strengths
The following positive indicators were identified for Reece School:
- Consistent reporting of 0% officer compensation across all 13 filings, indicating strong commitment to mission over executive pay.
- Significant growth in assets, reaching $21,408,958, suggesting financial stability and capacity.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency in reporting.
Frequently Asked Questions about Reece School
Is Reece School a legitimate charity?
Reece School (EIN: 131626154) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.0M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Reece School spend its money?
Reece School directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Reece School tax-deductible?
Reece School is registered as a tax-exempt nonprofit (EIN: 131626154). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Reece School CEO make?
Reece School's highest-compensated officer earns $10 annually. The organization reported $11.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Reece School's spending goes to programs?
Reece School directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Reece School located?
Reece School is headquartered in New York, New York and files with the IRS under EIN 131626154.
How many years of IRS 990 filings does Reece School have?
Reece 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 $11.0M in total revenue.
How does Reece School consistently cover its operational deficits when expenses frequently exceed revenue?
The provided data shows expenses exceeding revenue in multiple periods (e.g., 202306, 202206, 201906). This suggests the organization may be drawing from accumulated reserves, receiving significant non-operating income not reflected in 'Revenue', or relying on other funding sources to maintain operations.
What is the source of Reece School's significant asset growth, especially given the operational deficits?
While the organization has experienced operational deficits, its assets have grown from $9,120,666 in 202306 to $21,408,958 in the latest available data. This growth could be attributed to capital campaigns, investment gains, or significant non-cash contributions not fully detailed in the provided revenue figures.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could mean that executive functions are performed by volunteers, compensated through a related entity, or that the compensation is categorized differently within the filings, though 'Officer Comp' specifically refers to compensation for officers, directors, trustees, and key employees.
Filing History
IRS 990 filing history for Reece School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reece School's revenue has grown by 79.8%, moving from $5.5M to $9.8M. Total assets decreased by 28% over the same period, from $12.7M to $9.1M. Total functional expenses rose by 73.5%, from $5.8M to $10.1M. In its most recent filing year (2023), Reece School reported a deficit of $288K, with expenses exceeding revenue. The organization holds $7.8M in liabilities against $9.1M in assets (debt-to-asset ratio: 85.9%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.8M | $10.1M | $9.1M | $7.8M | — | View 990 |
| 2022 | $8.1M | $8.7M | $9.8M | $11.2M | — | View 990 |
| 2021 | $9.4M | $8.8M | $10.9M | $11.3M | — | View 990 |
| 2020 | $8.6M | $8.7M | $9.8M | $10.4M | — | View 990 |
| 2019 | $8.1M | $8.3M | $9.0M | $9.7M | — | View 990 |
| 2018 | $7.2M | $7.8M | $8.9M | $9.4M | — | View 990 |
| 2017 | $6.5M | $6.7M | $9.2M | $8.8M | — | View 990 |
| 2016 | $5.8M | $6.6M | $9.8M | $9.1M | — | View 990 |
| 2015 | $5.5M | $5.9M | $10.4M | $9.1M | — | View 990 |
| 2014 | $5.2M | $5.6M | $11.1M | $9.3M | — | View 990 |
| 2013 | $5.1M | $5.5M | $11.4M | $9.1M | — | View 990 |
| 2012 | $5.4M | $5.8M | $12.1M | $9.4M | — | View 990 |
| 2011 | $5.5M | $5.8M | $12.7M | $9.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.8M, expenses of $10.1M, and assets of $9.1M (revenue +20.5% year-over-year).
- 2022: Revenue of $8.1M, expenses of $8.7M, and assets of $9.8M (revenue -13.0% year-over-year).
- 2021: Revenue of $9.4M, expenses of $8.8M, and assets of $10.9M (revenue +8.4% year-over-year).
- 2020: Revenue of $8.6M, expenses of $8.7M, and assets of $9.8M (revenue +6.5% year-over-year).
- 2019: Revenue of $8.1M, expenses of $8.3M, and assets of $9.0M (revenue +12.1% year-over-year).
- 2018: Revenue of $7.2M, expenses of $7.8M, and assets of $8.9M (revenue +12.0% year-over-year).
- 2017: Revenue of $6.5M, expenses of $6.7M, and assets of $9.2M (revenue +11.0% year-over-year).
- 2016: Revenue of $5.8M, expenses of $6.6M, and assets of $9.8M (revenue +6.0% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.9M, and assets of $10.4M (revenue +5.9% year-over-year).
- 2014: Revenue of $5.2M, expenses of $5.6M, and assets of $11.1M (revenue +1.5% year-over-year).
- 2013: Revenue of $5.1M, expenses of $5.5M, and assets of $11.4M (revenue -4.6% year-over-year).
- 2012: Revenue of $5.4M, expenses of $5.8M, and assets of $12.1M (revenue -1.8% year-over-year).
- 2011: Revenue of $5.5M, expenses of $5.8M, and assets of $12.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reece School:
Data Sources and Methodology
This transparency report for Reece 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.