163 Rd Street Improvement Council Inc
163 Rd Street Improvement Council Inc consistently operates at a deficit despite significant revenue growth.
EIN: 132564957 · Bronx, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.2M |
| Total Expenses | $7.9M |
| Program Spending | 85% |
| Net Assets | $7.5M |
| Transparency Score | 70/100 |
Is 163 Rd Street Improvement Council Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
163 Rd Street Improvement Council Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 163 Rd Street Improvement Council Inc
163 Rd Street Improvement Council Inc (EIN: 132564957) is a nonprofit organization based in Bronx, NY, classified under NTEE code L200. The organization reported total revenue of $13.2M and total assets of $23.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 163 Rd Street Improvement Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
163 Rd Street Improvement Council Inc is a large nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $7.9M |
| Surplus / Deficit | $-296,472 |
| Total Assets | $10.2M |
| Total Liabilities | $2.7M |
| Net Assets | $7.5M |
| Operating Margin | -3.9% |
| Debt-to-Asset Ratio | 26.2% |
| Months of Reserves | 15.5 months |
Financial Health Grade: B
In 2023, 163 Rd Street Improvement Council Inc reported a deficit of $296K with expenses exceeding revenue, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 26.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), 163 Rd Street Improvement Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +87.4% | +86.1% | -40.1% |
| 2022 | +6.8% | +1.2% | -1.1% |
| 2021 | +5.8% | +11.5% | +1.3% |
| 2020 | +4.9% | +2.8% | +0.0% |
| 2019 | +1.6% | -0.1% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1981 |
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 163 Rd Street Improvement Council Inc with a Mission Score of 70 out of 100 (Good). 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, 163 Rd Street Improvement Council 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 $296K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a volunteer leadership structure or compensation that is not categorized as officer compensation on the IRS Form 990, which is a strong indicator of financial efficiency or a need for further clarification.
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 163 Rd Street Improvement Council Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) across multiple years, e.g., $7,874,158 expenses vs. $7,577,686 revenue in 2023.
- Significant fluctuation in assets and liabilities over the years, indicating potential instability or large project-based financial movements.
Strengths
The following positive indicators were identified for 163 Rd Street Improvement Council Inc:
- Significant growth in revenue, from $2.6 million in 2015 to over $7.5 million in 2023, indicating increasing operational scale and donor/grantor confidence.
- Consistently reports 0% officer compensation, suggesting high efficiency in leadership costs or a volunteer-driven executive team.
- Maintains substantial assets ($10,197,441 in 2023), providing a financial cushion despite deficit spending.
Frequently Asked Questions about 163 Rd Street Improvement Council Inc
Is 163 Rd Street Improvement Council Inc a legitimate charity?
163 Rd Street Improvement Council Inc (EIN: 132564957) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.2M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does 163 Rd Street Improvement Council Inc spend its money?
163 Rd Street Improvement Council Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to 163 Rd Street Improvement Council Inc tax-deductible?
163 Rd Street Improvement Council Inc is registered as a tax-exempt nonprofit (EIN: 132564957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 163 Rd Street Improvement Council Inc's spending goes to programs?
163 Rd Street Improvement Council Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 163 Rd Street Improvement Council Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), 163 Rd Street Improvement Council Inc is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 163 Rd Street Improvement Council Inc located?
163 Rd Street Improvement Council Inc is headquartered in Bronx, New York and files with the IRS under EIN 132564957. It is classified under NTEE code L200.
How many years of IRS 990 filings does 163 Rd Street Improvement Council Inc have?
163 Rd Street Improvement Council 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 $13.2M in total revenue.
Is 163 Rd Street Improvement Council Inc financially sustainable given its consistent deficit spending?
The organization has consistently reported expenses exceeding revenue across multiple years (e.g., $7,874,158 expenses vs. $7,577,686 revenue in 2023). While it holds substantial assets ($10,197,441 in 2023), this pattern of deficit spending raises concerns about long-term financial sustainability if not addressed by increased revenue or reduced expenses.
How does 163 Rd Street Improvement Council Inc fund its operations given the consistent deficits?
The consistent deficits suggest the organization is either drawing down on its accumulated assets or relying on prior year surpluses/reserves to cover operational gaps. Further analysis of their balance sheet and specific funding sources would be needed to understand how these deficits are managed.
What is the reason for 0% officer compensation reported across all filings?
The consistent reporting of 0% officer compensation could indicate that the organization's executive leadership is entirely volunteer-based, or that compensation for key management personnel is categorized differently on the 990, such as under program or administrative expenses, rather than as direct officer compensation. This warrants further inquiry for complete transparency.
Filing History
IRS 990 filing history for 163 Rd Street Improvement Council Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 163 Rd Street Improvement Council Inc's revenue has grown by 109.6%, moving from $3.6M to $7.6M. Total assets decreased by 20.8% over the same period, from $12.9M to $10.2M. Total functional expenses rose by 105.1%, from $3.8M to $7.9M. In its most recent filing year (2023), 163 Rd Street Improvement Council Inc reported a deficit of $296K, with expenses exceeding revenue. The organization holds $2.7M in liabilities against $10.2M in assets (debt-to-asset ratio: 26.2%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $7.9M | $10.2M | $2.7M | — | — |
| 2022 | $4.0M | $4.2M | $17.0M | $5.7M | — | View 990 |
| 2021 | $3.8M | $4.2M | $17.2M | $5.7M | — | — |
| 2020 | $3.6M | $3.8M | $17.0M | $5.4M | — | View 990 |
| 2019 | $3.4M | $3.6M | $17.0M | $5.2M | — | View 990 |
| 2018 | $3.4M | $3.7M | $17.1M | $5.1M | — | View 990 |
| 2017 | $3.1M | $3.5M | $12.8M | $5.3M | — | View 990 |
| 2016 | $3.0M | $3.0M | $14.8M | $5.2M | — | View 990 |
| 2015 | $2.6M | $3.0M | $11.2M | $189K | — | View 990 |
| 2014 | $2.7M | $3.1M | $11.6M | $181K | — | View 990 |
| 2013 | $2.8M | $3.2M | $12.0M | $186K | — | View 990 |
| 2012 | $2.5M | $3.0M | $12.5M | $207K | — | View 990 |
| 2011 | $3.6M | $3.8M | $12.9M | $111K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.6M, expenses of $7.9M, and assets of $10.2M (revenue +87.4% year-over-year).
- 2022: Revenue of $4.0M, expenses of $4.2M, and assets of $17.0M (revenue +6.8% year-over-year).
- 2021: Revenue of $3.8M, expenses of $4.2M, and assets of $17.2M (revenue +5.8% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.8M, and assets of $17.0M (revenue +4.9% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.6M, and assets of $17.0M (revenue +1.6% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.7M, and assets of $17.1M (revenue +8.0% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.5M, and assets of $12.8M (revenue +3.0% year-over-year).
- 2016: Revenue of $3.0M, expenses of $3.0M, and assets of $14.8M (revenue +15.0% year-over-year).
- 2015: Revenue of $2.6M, expenses of $3.0M, and assets of $11.2M (revenue -2.0% year-over-year).
- 2014: Revenue of $2.7M, expenses of $3.1M, and assets of $11.6M (revenue -5.0% year-over-year).
- 2013: Revenue of $2.8M, expenses of $3.2M, and assets of $12.0M (revenue +10.6% year-over-year).
- 2012: Revenue of $2.5M, expenses of $3.0M, and assets of $12.5M (revenue -29.5% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.8M, and assets of $12.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 163 Rd Street Improvement Council Inc:
Data Sources and Methodology
This transparency report for 163 Rd Street Improvement Council 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.