The Child School Legacy High School
The Child School Legacy High School maintains stable operations with 0% reported officer compensation, but consistently reports liabilities exceeding assets.
EIN: 132785566 · Roosevelt Isl, NY · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.1M |
| Total Expenses | $11.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $-155,932 |
| Transparency Score | 85/100 |
Is The Child School Legacy High School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Child School Legacy High School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Child School Legacy High School
The Child School Legacy High School (EIN: 132785566) is a nonprofit organization based in Roosevelt Isl, NY, classified under NTEE code B20. The organization reported total revenue of $12.1M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Child School Legacy High School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Child School Legacy High School is a large nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.4M |
| Total Expenses | $11.7M |
| Surplus / Deficit | +$638K |
| Total Assets | $13.2M |
| Total Liabilities | $13.3M |
| Net Assets | $-155,932 |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 101.2% |
| Months of Reserves | 13.5 months |
Financial Health Grade: A
In 2023, The Child School Legacy High School reported a surplus of $638K with revenue exceeding expenses, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 101.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Child School Legacy High School's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.9% | +3.9% | -2.3% |
| 2022 | -1.3% | -1.4% | -5.7% |
| 2021 | -0.6% | -1.1% | +23.3% |
| 2020 | -1.9% | -1.2% | -1.0% |
| 2019 | +2.0% | +2.2% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1975 |
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 The Child School Legacy High 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, The Child School Legacy High 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 $638K, with revenue exceeding expenses.
- Debt-to-asset ratio: 101.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or that it is reported under other expense categories, which is highly unusual for an organization of this size with over $12 million in annual 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 The Child School Legacy High School's IRS 990 filings:
- Consistent negative net assets (liabilities exceeding assets) across all reported periods, indicating a structural financial characteristic that warrants further investigation.
- Unusually low (0%) reported officer compensation for an organization with over $12 million in annual revenue, which could indicate compensation is paid through other entities or not fully disclosed in this section.
Strengths
The following positive indicators were identified for The Child School Legacy High School:
- Stable revenue stream, consistently around $11-12 million annually, indicating a reliable funding base.
- Operational solvency, with revenues consistently covering expenses year-over-year (e.g., $12,383,374 revenue vs. $11,745,588 expenses in 2023).
- High potential for program spending efficiency due to 0% reported officer compensation, suggesting a significant portion of funds are directed towards the mission.
Frequently Asked Questions about The Child School Legacy High School
Is The Child School Legacy High School a legitimate charity?
The Child School Legacy High School (EIN: 132785566) 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: $12.1M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Child School Legacy High School spend its money?
The Child School Legacy High School directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to The Child School Legacy High School tax-deductible?
The Child School Legacy High School is registered as a tax-exempt nonprofit (EIN: 132785566). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Child School Legacy High School CEO make?
The Child School Legacy High School's highest-compensated officer earns $12 annually. The organization reported $12.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Child School Legacy High School's spending goes to programs?
The Child School Legacy High School directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Child School Legacy High School compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Child School Legacy High School is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Child School Legacy High School located?
The Child School Legacy High School is headquartered in Roosevelt Isl, New York and files with the IRS under EIN 132785566. It is classified under NTEE code B20.
How many years of IRS 990 filings does The Child School Legacy High School have?
The Child School Legacy High 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 $12.1M in total revenue.
Why does The Child School Legacy High School consistently report 0% officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that officers are unpaid, compensated through a related organization, or that their compensation is categorized differently on the tax form. This is unusual for an organization with over $12 million in annual revenue and warrants further inquiry.
What is the nature of the consistent negative net assets (liabilities exceeding assets)?
Across all reported periods, liabilities consistently exceed assets (e.g., $13,343,554 liabilities vs. $13,187,622 assets in 2023). This pattern suggests a structural financial characteristic rather than a temporary issue. It could be due to specific accounting practices, long-term debt, or lease obligations that are not fully offset by tangible assets, and understanding this would provide a clearer picture of financial health.
How does the organization manage to operate with consistent negative net assets?
Despite negative net assets, the organization maintains stable annual revenues and expenses, indicating operational solvency. This suggests that current revenues are sufficient to cover current expenses, but the balance sheet structure indicates a reliance on ongoing funding or specific financing arrangements to manage its long-term obligations.
Filing History
IRS 990 filing history for The Child School Legacy High School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Child School Legacy High School's revenue has grown by 47%, moving from $8.4M to $12.4M. Total assets decreased by 35.5% over the same period, from $20.4M to $13.2M. Total functional expenses rose by 18.3%, from $9.9M to $11.7M. In its most recent filing year (2023), The Child School Legacy High School reported a surplus of $638K, with revenue exceeding expenses. The organization holds $13.3M in liabilities against $13.2M in assets (debt-to-asset ratio: 101.2%), resulting in net assets of $-155,932.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.4M | $11.7M | $13.2M | $13.3M | — | — |
| 2022 | $11.4M | $11.3M | $13.5M | $14.3M | — | View 990 |
| 2021 | $11.5M | $11.5M | $14.3M | $15.2M | — | View 990 |
| 2020 | $11.6M | $11.6M | $11.6M | $12.6M | — | View 990 |
| 2019 | $11.8M | $11.7M | $11.7M | $12.7M | — | View 990 |
| 2018 | $11.6M | $11.5M | $12.5M | $13.6M | — | View 990 |
| 2017 | $11.0M | $10.6M | $12.2M | $13.4M | — | View 990 |
| 2016 | $11.0M | $10.8M | $14.7M | $16.3M | — | View 990 |
| 2015 | $11.7M | $11.4M | $14.6M | $16.5M | — | View 990 |
| 2014 | $11.4M | $11.3M | $16.6M | $18.8M | — | View 990 |
| 2013 | $13.6M | $13.9M | $17.3M | $19.6M | — | View 990 |
| 2012 | $12.2M | $13.1M | $18.4M | $20.3M | — | View 990 |
| 2011 | $8.4M | $9.9M | $20.4M | $21.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.4M, expenses of $11.7M, and assets of $13.2M (revenue +8.9% year-over-year).
- 2022: Revenue of $11.4M, expenses of $11.3M, and assets of $13.5M (revenue -1.3% year-over-year).
- 2021: Revenue of $11.5M, expenses of $11.5M, and assets of $14.3M (revenue -0.6% year-over-year).
- 2020: Revenue of $11.6M, expenses of $11.6M, and assets of $11.6M (revenue -1.9% year-over-year).
- 2019: Revenue of $11.8M, expenses of $11.7M, and assets of $11.7M (revenue +2.0% year-over-year).
- 2018: Revenue of $11.6M, expenses of $11.5M, and assets of $12.5M (revenue +5.3% year-over-year).
- 2017: Revenue of $11.0M, expenses of $10.6M, and assets of $12.2M (revenue -0.2% year-over-year).
- 2016: Revenue of $11.0M, expenses of $10.8M, and assets of $14.7M (revenue -5.5% year-over-year).
- 2015: Revenue of $11.7M, expenses of $11.4M, and assets of $14.6M (revenue +2.7% year-over-year).
- 2014: Revenue of $11.4M, expenses of $11.3M, and assets of $16.6M (revenue -16.4% year-over-year).
- 2013: Revenue of $13.6M, expenses of $13.9M, and assets of $17.3M (revenue +11.1% year-over-year).
- 2012: Revenue of $12.2M, expenses of $13.1M, and assets of $18.4M (revenue +45.2% year-over-year).
- 2011: Revenue of $8.4M, expenses of $9.9M, and assets of $20.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Child School Legacy High School:
Data Sources and Methodology
This transparency report for The Child School Legacy High 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.