German School Brooklyn

Analysis

German School Brooklyn is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2016, 10 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 June 2023, German School Brooklyn reported income of $4.4m and spending of $7.7m, spending 173% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $4.4m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, German School Brooklyn sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Legacy Academy of Excellence Charter School ($4.4m), Cornerstone Christian Academy for Learning and Leadership ($4.4m) and Frontier Charter Academy ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $270k (3.5% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $38.8m against liabilities of $41.8m, net assets of -$3.1m. It reported 55 employees.