Big Apple Institute Inc

Analysis

Big Apple Institute Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Big Apple Institute Inc reported income of $16.2m and spending of $17.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.9m to $16.2m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Big Apple Institute Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Center for Academic Success ($16.2m), Fred S Keller School ($16.2m) and Wasatch Academy ($16.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $122k (0.7% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $2.7m against liabilities of $763k, net assets of $1.9m. It reported 135 employees.