Tapestry Charter School
Tapestry Charter School shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 161604750 · Buffalo, NY · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.9M |
| Total Expenses | $19.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $7.7M |
| Transparency Score | 85/100 |
Is Tapestry Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tapestry Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tapestry Charter School
Tapestry Charter School (EIN: 161604750) is a nonprofit organization based in Buffalo, NY, classified under NTEE code B29. The organization reported total revenue of $19.9M and total assets of $42.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tapestry Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tapestry Charter School is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.2M |
| Total Expenses | $19.0M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $42.8M |
| Total Liabilities | $35.1M |
| Net Assets | $7.7M |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 81.9% |
| Months of Reserves | 27.0 months |
Financial Health Grade: A
In 2023, Tapestry Charter School reported a surplus of $1.2M with revenue exceeding expenses, holds 27.0 months of operating reserves (strong position), has a debt-to-asset ratio of 81.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tapestry Charter School's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +0.3% | +0.4% |
| 2022 | -3.2% | +21.7% | +1.6% |
| 2021 | +29.5% | +0.2% | +4.9% |
| 2020 | +2.7% | +2.8% | +2.4% |
| 2019 | +10.3% | +15.1% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Tapestry Charter School 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Tapestry Charter School 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 81.9%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with revenues exceeding $20 million. This suggests that executive leadership may be compensated through other categories or is entirely volunteer, warranting 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 Tapestry Charter School's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual leadership remuneration.
Strengths
The following positive indicators were identified for Tapestry Charter School:
- Consistent revenue growth, increasing from $10.9M in 2014 to $20.2M in 2023.
- Strong asset accumulation, growing from $17.3M in 2014 to $42.8M in 2023.
- Positive net income in most years, indicating financial sustainability (e.g., $1.2M in 2023, $4M in 2021).
- Likely high program spending given its nature as a charter school and consistent operational expenses relative to revenue.
Frequently Asked Questions about Tapestry Charter School
Is Tapestry Charter School a legitimate charity?
Tapestry Charter School (EIN: 161604750) 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: $19.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Tapestry Charter School spend its money?
Tapestry Charter School directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Tapestry Charter School tax-deductible?
Tapestry Charter School is registered as a tax-exempt nonprofit (EIN: 161604750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tapestry Charter School CEO make?
Tapestry Charter School's highest-compensated officer earns $20 annually. The organization reported $19.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Tapestry Charter School's spending goes to programs?
Tapestry Charter School directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tapestry Charter School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Tapestry 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 Tapestry Charter School located?
Tapestry Charter School is headquartered in Buffalo, New York and files with the IRS under EIN 161604750. It is classified under NTEE code B29.
How many years of IRS 990 filings does Tapestry Charter School have?
Tapestry 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 $19.9M in total revenue.
How does Tapestry Charter School manage to report 0% officer compensation despite its significant revenue and asset base?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with revenues exceeding $20 million. This could indicate that executive leadership is compensated through other expense categories (e.g., 'salaries and wages' not specifically designated as officer compensation), or that the leadership is entirely volunteer. Further detail would be needed to understand the full compensation structure.
What is the primary source of Tapestry Charter School's revenue?
As a charter school, the primary source of revenue is typically public funding based on student enrollment, often supplemented by grants and donations. The NTEE code B29 (Elementary & Secondary Education) supports this assumption, indicating its function as an educational institution.
How has the organization's asset growth impacted its educational facilities or programs?
The significant growth in assets from $17,304,157 in 2014 to $42,838,414 in 2023 suggests substantial investment. This could translate to new or improved facilities, technology upgrades, or other infrastructure enhancements that directly benefit the educational programs and student experience.
Filing History
IRS 990 filing history for Tapestry Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tapestry Charter School's revenue has grown by 176.5%, moving from $7.3M to $20.2M. Total assets increased by 372.8% over the same period, from $9.1M to $42.8M. Total functional expenses rose by 161.6%, from $7.3M to $19.0M. In its most recent filing year (2023), Tapestry Charter School reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $35.1M in liabilities against $42.8M in assets (debt-to-asset ratio: 81.9%), resulting in net assets of $7.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.2M | $19.0M | $42.8M | $35.1M | — | View 990 |
| 2022 | $19.0M | $19.0M | $42.7M | $36.1M | — | View 990 |
| 2021 | $19.7M | $15.6M | $42.0M | $35.6M | — | View 990 |
| 2020 | $15.2M | $15.6M | $40.0M | $37.7M | — | View 990 |
| 2019 | $14.8M | $15.1M | $39.1M | $36.3M | — | View 990 |
| 2018 | $13.4M | $13.1M | $39.3M | $36.1M | — | View 990 |
| 2017 | $12.1M | $11.4M | $16.9M | $13.6M | — | View 990 |
| 2016 | $11.9M | $11.1M | $16.9M | $14.3M | — | View 990 |
| 2015 | $11.0M | $10.8M | $17.1M | $15.2M | — | View 990 |
| 2014 | $11.0M | $10.6M | $17.3M | $15.7M | — | View 990 |
| 2013 | $10.2M | $10.2M | $16.9M | $15.6M | — | View 990 |
| 2012 | $9.5M | $9.6M | $16.3M | $15.0M | — | View 990 |
| 2011 | $7.3M | $7.3M | $9.1M | $7.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.2M, expenses of $19.0M, and assets of $42.8M (revenue +6.3% year-over-year).
- 2022: Revenue of $19.0M, expenses of $19.0M, and assets of $42.7M (revenue -3.2% year-over-year).
- 2021: Revenue of $19.7M, expenses of $15.6M, and assets of $42.0M (revenue +29.5% year-over-year).
- 2020: Revenue of $15.2M, expenses of $15.6M, and assets of $40.0M (revenue +2.7% year-over-year).
- 2019: Revenue of $14.8M, expenses of $15.1M, and assets of $39.1M (revenue +10.3% year-over-year).
- 2018: Revenue of $13.4M, expenses of $13.1M, and assets of $39.3M (revenue +10.7% year-over-year).
- 2017: Revenue of $12.1M, expenses of $11.4M, and assets of $16.9M (revenue +2.1% year-over-year).
- 2016: Revenue of $11.9M, expenses of $11.1M, and assets of $16.9M (revenue +7.7% year-over-year).
- 2015: Revenue of $11.0M, expenses of $10.8M, and assets of $17.1M (revenue +0.3% year-over-year).
- 2014: Revenue of $11.0M, expenses of $10.6M, and assets of $17.3M (revenue +7.5% year-over-year).
- 2013: Revenue of $10.2M, expenses of $10.2M, and assets of $16.9M (revenue +7.2% year-over-year).
- 2012: Revenue of $9.5M, expenses of $9.6M, and assets of $16.3M (revenue +30.3% year-over-year).
- 2011: Revenue of $7.3M, expenses of $7.3M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tapestry Charter School:
Data Sources and Methodology
This transparency report for Tapestry 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.