The School Of Practical Philosophy
The School Of Practical Philosophy consistently grows revenue and assets with no reported officer compensation.
EIN: 133107679 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $17 |
| Net Assets | $16.1M |
| Transparency Score | 90/100 |
Is The School Of Practical Philosophy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The School Of Practical Philosophy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The School Of Practical Philosophy
The School Of Practical Philosophy (EIN: 133107679) is a nonprofit organization based in New York, NY. The organization reported total revenue of $5.5M and total assets of $20.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The School Of Practical Philosophy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The School Of Practical Philosophy is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $17.8M |
| Total Liabilities | $1.7M |
| Net Assets | $16.1M |
| Operating Margin | 46.7% |
| Debt-to-Asset Ratio | 9.6% |
| Months of Reserves | 133.0 months |
Financial Health Grade: A
In 2023, The School Of Practical Philosophy reported a surplus of $1.4M with revenue exceeding expenses, holds 133.0 months of operating reserves (strong position), has a debt-to-asset ratio of 9.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The School Of Practical Philosophy's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +22.2% | +11.5% |
| 2022 | +4.1% | +16.0% | +2.7% |
| 2021 | +9.9% | -24.0% | +17.4% |
| 2020 | -18.9% | -9.1% | +10.2% |
| 2019 | +156.0% | +16.8% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 School Of Practical Philosophy 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The School Of Practical Philosophy allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure or that compensation, if any, is not classified as officer compensation on the 990, which is unusual for an organization of its size with assets exceeding $17 million.
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 School Of Practical Philosophy's IRS 990 filings:
- Unusual: 0% officer compensation reported for an organization with over $17 million in assets, which could indicate alternative compensation structures not transparently disclosed as officer pay or a fully volunteer executive team.
Strengths
The following positive indicators were identified for The School Of Practical Philosophy:
- Strong program spending implied by 0% officer compensation and consistent surpluses.
- Consistent revenue growth, increasing from $714,430 in 2015 to $3,022,208 in 2023.
- Significant asset accumulation, growing from $6,000,603 in 2015 to $17,845,257 in 2023.
- Consistent financial surpluses, with revenues exceeding expenses in recent years (e.g., $3,022,208 revenue vs. $1,609,517 expenses in 2023).
- Low liabilities relative to assets, indicating strong financial stability (e.g., $1,718,561 liabilities vs. $17,845,257 assets in 2023).
Frequently Asked Questions about The School Of Practical Philosophy
Is The School Of Practical Philosophy a legitimate charity?
The School Of Practical Philosophy (EIN: 133107679) 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: $5.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does The School Of Practical Philosophy spend its money?
The School Of Practical Philosophy directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The School Of Practical Philosophy tax-deductible?
The School Of Practical Philosophy is registered as a tax-exempt nonprofit (EIN: 133107679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The School Of Practical Philosophy CEO make?
The School Of Practical Philosophy's highest-compensated officer earns $17 annually. The organization reported $5.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The School Of Practical Philosophy's spending goes to programs?
The School Of Practical Philosophy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The School Of Practical Philosophy located?
The School Of Practical Philosophy is headquartered in New York, New York and files with the IRS under EIN 133107679.
How many years of IRS 990 filings does The School Of Practical Philosophy have?
The School Of Practical Philosophy 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 $5.5M in total revenue.
Is The School Of Practical Philosophy a good charity?
Based on its financial health, consistent revenue growth, significant asset accumulation, and zero reported officer compensation, The School Of Practical Philosophy appears to be a financially sound and efficiently managed organization. Its strong program focus, implied by the lack of executive salaries, suggests a high dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has quadrupled from $714,430 in 2015 to $3,022,208 in 2023, and assets have nearly tripled from $6,000,603 to $17,845,257 in the same period, demonstrating strong and consistent growth.
What is the organization's approach to executive compensation?
The School Of Practical Philosophy consistently reports 0% officer compensation in its IRS 990 filings. This indicates that its officers are either unpaid volunteers or their compensation is structured in a way that is not reported as officer compensation on the 990.
What is the organization's asset growth trend?
The organization has shown remarkable asset growth, increasing from $6,000,603 in 2015 to $17,845,257 in 2023. This consistent accumulation of assets suggests strong financial management and the ability to build long-term financial stability.
Filing History
IRS 990 filing history for The School Of Practical Philosophy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The School Of Practical Philosophy's revenue has grown by 72.8%, moving from $1.7M to $3.0M. Total assets increased by 119.3% over the same period, from $8.1M to $17.8M. Total functional expenses rose by 17.8%, from $1.4M to $1.6M. In its most recent filing year (2023), The School Of Practical Philosophy reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $17.8M in assets (debt-to-asset ratio: 9.6%), resulting in net assets of $16.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $1.6M | $17.8M | $1.7M | — | View 990 |
| 2022 | $2.8M | $1.3M | $16.0M | $1.6M | — | View 990 |
| 2021 | $2.7M | $1.1M | $15.6M | $1.6M | — | View 990 |
| 2020 | $2.5M | $1.5M | $13.3M | $1.6M | — | View 990 |
| 2019 | $3.0M | $1.6M | $12.0M | $1.5M | — | View 990 |
| 2018 | $1.2M | $1.4M | $10.6M | $1.5M | — | View 990 |
| 2017 | $1.3M | $1.4M | $9.8M | $605K | — | View 990 |
| 2016 | $1.3M | $1.3M | $9.8M | $566K | — | View 990 |
| 2015 | $714K | $1.2M | $6.0M | $550K | — | View 990 |
| 2014 | $825K | $1.4M | $6.5M | $533K | — | View 990 |
| 2013 | $718K | $1.4M | $7.0M | $525K | — | View 990 |
| 2012 | $989K | $1.4M | $7.7M | $534K | — | View 990 |
| 2011 | $1.7M | $1.4M | $8.1M | $522K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $1.6M, and assets of $17.8M (revenue +6.8% year-over-year).
- 2022: Revenue of $2.8M, expenses of $1.3M, and assets of $16.0M (revenue +4.1% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.1M, and assets of $15.6M (revenue +9.9% year-over-year).
- 2020: Revenue of $2.5M, expenses of $1.5M, and assets of $13.3M (revenue -18.9% year-over-year).
- 2019: Revenue of $3.0M, expenses of $1.6M, and assets of $12.0M (revenue +156.0% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.4M, and assets of $10.6M (revenue -11.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $9.8M (revenue +7.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $9.8M (revenue +75.1% year-over-year).
- 2015: Revenue of $714K, expenses of $1.2M, and assets of $6.0M (revenue -13.4% year-over-year).
- 2014: Revenue of $825K, expenses of $1.4M, and assets of $6.5M (revenue +14.8% year-over-year).
- 2013: Revenue of $718K, expenses of $1.4M, and assets of $7.0M (revenue -27.4% year-over-year).
- 2012: Revenue of $989K, expenses of $1.4M, and assets of $7.7M (revenue -43.4% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.4M, and assets of $8.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The School Of Practical Philosophy:
Data Sources and Methodology
This transparency report for The School Of Practical Philosophy 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.