BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF ASCEND CHARTER SCHOOLS INC, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $27.6M in total revenue in fiscal year 2022. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $26.5M left a modest 4% surplus.
TO SUPPORT THE OPERATIONS OF ASCEND CHARTER SCHOOLS BY MANAGING REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE ORGANIZATION TO PROVIDE SUPPORT TO ASCEND CHARTER SCHOOLS TO ENHANCE THE EXPERIENCE OF THE SCHOOLS' STUDENTS.
THE ORGANIZATION SUPPORTS THE OPERATIONS OF ASCEND CHARTER SCHOOLS ("ACS"), A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS LOCATED IN BROOKLYN, NEW YORK, BY MANAGING ACS' REAL ESTATE AND FACILITIES-RELATED...
THE ORGANIZATION SUPPORTS THE OPERATIONS OF ASCEND CHARTER SCHOOLS ("ACS"), A NETWORK OF K-12 PUBLIC CHARTER SCHOOLS LOCATED IN BROOKLYN, NEW YORK, BY MANAGING ACS' REAL ESTATE AND FACILITIES-RELATED NEEDS, AND BY RAISING FUNDS AND RESOURCES THAT WILL ENABLE THE ORGANIZATION TO PROVIDE SUPPORT TO ACS AND ENHANCE THE EXPERIENCE OF ACS' STUDENTS. THE ORGANIZATION LEASES FACILITIES TO ACS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $27,639,879 | $16,484,620 | +0.7% |
| Expenses | $26,464,995 | $17,436,084 | +0.5% |
| Net Income | $1,174,884 | $-951,464 | -2.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICK ARROYO | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NEIL SHAPIRO | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES FORD | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $27,639,879 | $26,464,995 | $249,362,458 | $1,174,884 |
| 2022 | $16,484,620 | $17,436,084 | $52,287,360 | $-951,464 |
| 2021 | $16,135,870 | $15,326,641 | $51,013,536 | $809,229 |
| 2020 | $14,188,874 | $13,700,739 | $40,604,884 | $488,135 |
| 2019 | $10,388,385 | $10,093,309 | $35,671,747 | $295,076 |
| 2018 | $5,036,614 | $6,734,304 | $24,734,000 | $-1,697,690 |
Compare FRIENDS OF ASCEND CHARTER SCHOOLS INC with other nonprofits in New York and across the country.