Town School Inc
Town School Inc. maintains strong assets despite recent operational deficit and reports no direct officer compensation.
EIN: 131393610 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.1M |
| Total Expenses | $23.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $59.5M |
| Transparency Score | 85/100 |
Is Town School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Town School Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Town School Inc
Town School Inc (EIN: 131393610) is a nonprofit organization based in New York, NY. The organization reported total revenue of $23.1M and total assets of $74.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Town School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Town School Inc is a large nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.3M |
| Total Expenses | $23.3M |
| Surplus / Deficit | $-1,068,449 |
| Total Assets | $68.7M |
| Total Liabilities | $9.2M |
| Net Assets | $59.5M |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 35.3 months |
Financial Health Grade: B
In 2023, Town School Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 35.3 months of operating reserves (strong position), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Town School Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.5% | +1.0% | +4.0% |
| 2022 | +3.4% | +2.7% | -9.5% |
| 2021 | +15.3% | +1.1% | +12.1% |
| 2020 | +2.7% | -0.4% | +9.6% |
| 2019 | +1.7% | +4.3% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1953 |
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 Town School Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Town School Inc 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.4%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues exceeding $20 million. This suggests that executive compensation is either entirely voluntary, paid through a related entity, or not categorized as 'officer compensation' in the traditional sense, warranting further inquiry for full 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 Town School Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may obscure actual leadership remuneration.
- Operational deficit in the most recent filing (202308), where expenses exceeded revenue by over $1 million.
Strengths
The following positive indicators were identified for Town School Inc:
- Strong and growing asset base, increasing from $59,457,929 in 201908 to $68,721,382 in 202308, indicating financial stability.
- History of generally stable financial operations with revenues largely covering expenses over the past decade.
- Manageable liabilities relative to assets, suggesting good fiscal health and low financial risk.
- Consistent reporting across multiple years, indicating good record-keeping and compliance.
Frequently Asked Questions about Town School Inc
Is Town School Inc a legitimate charity?
Town School Inc (EIN: 131393610) 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: $23.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Town School Inc spend its money?
Town School Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Town School Inc tax-deductible?
Town School Inc is registered as a tax-exempt nonprofit (EIN: 131393610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Town School Inc CEO make?
Town School Inc's highest-compensated officer earns $20 annually. The organization reported $23.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Town School Inc's spending goes to programs?
Town School Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Town School Inc located?
Town School Inc is headquartered in New York, New York and files with the IRS under EIN 131393610.
How many years of IRS 990 filings does Town School Inc have?
Town School Inc 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 $23.1M in total revenue.
How does Town School Inc. fund its executive leadership if officer compensation is consistently reported as 0%?
The IRS 990 filings consistently show 0% officer compensation, which is atypical for an organization of this size. This could mean that leadership roles are voluntary, compensation is paid through a related management entity, or it's categorized differently within the financial statements. Further detail beyond the summary data would be needed to understand this structure.
What caused the operational deficit in the 202308 period, where expenses ($23,337,146) exceeded revenue ($22,268,697)?
The provided data only shows the aggregate revenue and expenses. A detailed breakdown of the 202308 financial statement would be necessary to identify specific areas of increased spending or decreased income that led to the deficit.
Is the recent deficit in 202308 a trend or an anomaly?
While the 202308 period showed a deficit, previous years like 202208 ($25,437,632 revenue vs. $23,110,601 expenses) and 202108 ($24,607,785 revenue vs. $22,500,492 expenses) showed surpluses. This suggests the 202308 deficit might be an anomaly, but it warrants monitoring in future filings.
Filing History
IRS 990 filing history for Town School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Town School Inc's revenue has grown by 20.3%, moving from $18.5M to $22.3M. Total assets increased by 35.5% over the same period, from $50.7M to $68.7M. Total functional expenses rose by 40.5%, from $16.6M to $23.3M. In its most recent filing year (2023), Town School Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $9.2M in liabilities against $68.7M in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $59.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.3M | $23.3M | $68.7M | $9.2M | — | View 990 |
| 2022 | $25.4M | $23.1M | $66.1M | $8.8M | — | View 990 |
| 2021 | $24.6M | $22.5M | $73.1M | $9.4M | — | View 990 |
| 2020 | $21.3M | $22.3M | $65.2M | $11.9M | — | — |
| 2019 | $20.8M | $22.4M | $59.5M | $10.8M | — | View 990 |
| 2018 | $20.4M | $21.4M | $60.4M | $11.1M | — | View 990 |
| 2017 | $20.6M | $20.4M | $58.9M | $10.9M | — | View 990 |
| 2016 | $20.0M | $19.7M | $60.1M | $15.4M | — | View 990 |
| 2015 | $19.4M | $18.5M | $59.6M | $15.9M | — | View 990 |
| 2014 | $18.8M | $18.1M | $60.7M | $14.8M | — | View 990 |
| 2013 | $17.6M | $17.0M | $55.4M | $14.3M | — | View 990 |
| 2012 | $17.4M | $16.6M | $52.4M | $13.6M | — | View 990 |
| 2011 | $18.5M | $16.6M | $50.7M | $13.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.3M, expenses of $23.3M, and assets of $68.7M (revenue -12.5% year-over-year).
- 2022: Revenue of $25.4M, expenses of $23.1M, and assets of $66.1M (revenue +3.4% year-over-year).
- 2021: Revenue of $24.6M, expenses of $22.5M, and assets of $73.1M (revenue +15.3% year-over-year).
- 2020: Revenue of $21.3M, expenses of $22.3M, and assets of $65.2M (revenue +2.7% year-over-year).
- 2019: Revenue of $20.8M, expenses of $22.4M, and assets of $59.5M (revenue +1.7% year-over-year).
- 2018: Revenue of $20.4M, expenses of $21.4M, and assets of $60.4M (revenue -0.7% year-over-year).
- 2017: Revenue of $20.6M, expenses of $20.4M, and assets of $58.9M (revenue +2.6% year-over-year).
- 2016: Revenue of $20.0M, expenses of $19.7M, and assets of $60.1M (revenue +3.2% year-over-year).
- 2015: Revenue of $19.4M, expenses of $18.5M, and assets of $59.6M (revenue +3.5% year-over-year).
- 2014: Revenue of $18.8M, expenses of $18.1M, and assets of $60.7M (revenue +6.7% year-over-year).
- 2013: Revenue of $17.6M, expenses of $17.0M, and assets of $55.4M (revenue +1.0% year-over-year).
- 2012: Revenue of $17.4M, expenses of $16.6M, and assets of $52.4M (revenue -5.8% year-over-year).
- 2011: Revenue of $18.5M, expenses of $16.6M, and assets of $50.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Town School Inc:
Data Sources and Methodology
This transparency report for Town School Inc 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.