34 Th Street Partnership Inc
34th Street Partnership Inc. consistently spends nearly all revenue on operations with no reported officer compensation.
EIN: 133629973 · New York, NY · NTEE: S400 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.7M |
| Total Expenses | $14.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $7.6M |
| Transparency Score | 85/100 |
Is 34 Th Street Partnership Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
34 Th Street Partnership Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 34 Th Street Partnership Inc
34 Th Street Partnership Inc (EIN: 133629973) is a nonprofit organization based in New York, NY, classified under NTEE code S400. The organization reported total revenue of $14.7M and total assets of $12.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 34 Th Street Partnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
34 Th Street Partnership Inc is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.5M |
| Total Expenses | $14.5M |
| Surplus / Deficit | +$23K |
| Total Assets | $13.4M |
| Total Liabilities | $5.9M |
| Net Assets | $7.6M |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 43.7% |
| Months of Reserves | 11.1 months |
Financial Health Grade: A
In 2023, 34 Th Street Partnership Inc reported a surplus of $23K with revenue exceeding expenses, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 43.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), 34 Th Street Partnership Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | +6.0% | -13.8% |
| 2022 | +8.6% | +7.8% | -11.7% |
| 2021 | +1.2% | -3.3% | +12.7% |
| 2020 | +1.1% | -5.8% | -0.9% |
| 2019 | -1.0% | +0.6% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 34 Th Street Partnership 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, 34 Th Street Partnership 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 surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 43.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with annual revenues around $14 million. This could indicate that executive leadership is uncompensated, compensated by a related entity, or that compensation is reported in a different section of the 990 not captured by this summary.
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 34 Th Street Partnership Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported elsewhere or through a related entity, requiring deeper scrutiny for full transparency.
Strengths
The following positive indicators were identified for 34 Th Street Partnership Inc:
- Consistent revenue generation, averaging around $14 million annually, indicating stable funding.
- High expenditure ratio, with expenses closely matching revenue (e.g., $14,527,014 expenses vs. $14,549,695 revenue in 2023), suggesting efficient use of funds for operations.
- Stable financial operations over a long period, with 13 years of consistent filings and performance.
- Managed reduction in liabilities, from $19,077,275 in 2014 to $5,877,790 in 2023, improving financial leverage.
Frequently Asked Questions about 34 Th Street Partnership Inc
Is 34 Th Street Partnership Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 34 Th Street Partnership Inc (EIN: 133629973) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does 34 Th Street Partnership Inc spend its money?
34 Th Street Partnership Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to 34 Th Street Partnership Inc tax-deductible?
34 Th Street Partnership Inc is registered as a tax-exempt nonprofit (EIN: 133629973). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the 34 Th Street Partnership Inc CEO make?
34 Th Street Partnership Inc's highest-compensated officer earns $14 annually. The organization reported $14.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of 34 Th Street Partnership Inc's spending goes to programs?
34 Th Street Partnership Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 34 Th Street Partnership Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), 34 Th Street Partnership Inc is above average for NTEE category S400 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 34 Th Street Partnership Inc located?
34 Th Street Partnership Inc is headquartered in New York, New York and files with the IRS under EIN 133629973. It is classified under NTEE code S400.
How many years of IRS 990 filings does 34 Th Street Partnership Inc have?
34 Th Street Partnership 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 $14.7M in total revenue.
Is 34th Street Partnership Inc. a good charity?
Based on the available data, the organization appears to be financially stable with consistent revenue and a high proportion of expenses relative to revenue, suggesting efficient use of funds. The consistent 0% officer compensation is a unique aspect that could be viewed positively for resource allocation, though it warrants further investigation for full transparency.
How does 34th Street Partnership Inc. manage its assets and liabilities?
The organization's assets have decreased from $21,510,100 in 2014 to $13,438,729 in 2023, while liabilities have also decreased from $19,077,275 to $5,877,790 over the same period. This indicates a managed reduction in its overall financial footprint, potentially through strategic asset divestment or debt reduction.
What is the trend in the organization's financial performance?
The organization has maintained a very stable revenue stream, consistently around $14 million annually. Expenses closely track revenue, indicating a balanced budget approach with minimal surplus accumulation. This suggests consistent operational activity without significant growth or contraction in recent years.
Filing History
IRS 990 filing history for 34 Th Street Partnership Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 34 Th Street Partnership Inc's revenue has grown by 34.1%, moving from $10.8M to $14.5M. Total assets decreased by 26% over the same period, from $18.2M to $13.4M. Total functional expenses rose by 36.2%, from $10.7M to $14.5M. In its most recent filing year (2023), 34 Th Street Partnership Inc reported a surplus of $23K, with revenue exceeding expenses. The organization holds $5.9M in liabilities against $13.4M in assets (debt-to-asset ratio: 43.7%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.5M | $14.5M | $13.4M | $5.9M | — | View 990 |
| 2022 | $15.6M | $13.7M | $15.6M | $8.0M | — | View 990 |
| 2021 | $14.4M | $12.7M | $17.7M | $12.0M | — | View 990 |
| 2020 | $14.2M | $13.1M | $15.7M | $11.7M | — | View 990 |
| 2019 | $14.0M | $14.0M | $15.8M | $12.8M | — | View 990 |
| 2018 | $14.2M | $13.9M | $16.7M | $13.8M | — | View 990 |
| 2017 | $13.5M | $13.8M | $17.9M | $15.3M | — | View 990 |
| 2016 | $12.5M | $12.4M | $19.5M | $16.6M | — | View 990 |
| 2015 | $12.7M | $12.3M | $20.3M | $17.5M | — | View 990 |
| 2014 | $11.5M | $11.4M | $21.5M | $19.1M | — | View 990 |
| 2013 | $11.2M | $11.2M | $22.8M | $20.5M | — | View 990 |
| 2012 | $11.0M | $10.9M | $23.7M | $21.4M | — | View 990 |
| 2011 | $10.8M | $10.7M | $18.2M | $15.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.5M, expenses of $14.5M, and assets of $13.4M (revenue -6.7% year-over-year).
- 2022: Revenue of $15.6M, expenses of $13.7M, and assets of $15.6M (revenue +8.6% year-over-year).
- 2021: Revenue of $14.4M, expenses of $12.7M, and assets of $17.7M (revenue +1.2% year-over-year).
- 2020: Revenue of $14.2M, expenses of $13.1M, and assets of $15.7M (revenue +1.1% year-over-year).
- 2019: Revenue of $14.0M, expenses of $14.0M, and assets of $15.8M (revenue -1.0% year-over-year).
- 2018: Revenue of $14.2M, expenses of $13.9M, and assets of $16.7M (revenue +5.0% year-over-year).
- 2017: Revenue of $13.5M, expenses of $13.8M, and assets of $17.9M (revenue +8.3% year-over-year).
- 2016: Revenue of $12.5M, expenses of $12.4M, and assets of $19.5M (revenue -1.8% year-over-year).
- 2015: Revenue of $12.7M, expenses of $12.3M, and assets of $20.3M (revenue +10.3% year-over-year).
- 2014: Revenue of $11.5M, expenses of $11.4M, and assets of $21.5M (revenue +2.7% year-over-year).
- 2013: Revenue of $11.2M, expenses of $11.2M, and assets of $22.8M (revenue +1.5% year-over-year).
- 2012: Revenue of $11.0M, expenses of $10.9M, and assets of $23.7M (revenue +1.7% year-over-year).
- 2011: Revenue of $10.8M, expenses of $10.7M, and assets of $18.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 34 Th Street Partnership Inc:
Data Sources and Methodology
This transparency report for 34 Th Street Partnership 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.