African Services Committee Inc
African Services Committee Inc shows fluctuating financial performance with significant asset growth and increasing liabilities, reporting no officer compensation.
EIN: 133749744 · New York, NY · NTEE: A99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.1M |
| Total Expenses | $5.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $1.0M |
| Transparency Score | 75/100 |
Is African Services Committee Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
African Services Committee Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About African Services Committee Inc
African Services Committee Inc (EIN: 133749744) is a nonprofit organization based in New York, NY, classified under NTEE code A99Z. The organization reported total revenue of $8.1M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African Services Committee Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African Services Committee Inc is a mid-size nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.6M |
| Surplus / Deficit | $-487,014 |
| Total Assets | $6.0M |
| Total Liabilities | $4.9M |
| Net Assets | $1.0M |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 83.0% |
| Months of Reserves | 12.9 months |
Financial Health Grade: C
In 2023, African Services Committee Inc reported a deficit of $487K with expenses exceeding revenue, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 83.0% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), African Services Committee Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.9% | -2.7% | -16.6% |
| 2022 | +8.2% | +12.3% | +229.1% |
| 2021 | +12.7% | -11.5% | +60.1% |
| 2020 | +0.8% | +19.8% | -2.5% |
| 2019 | +22.7% | +15.4% | +40.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 African Services Committee Inc with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, African Services Committee Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $487K, with expenses exceeding revenue.
- Debt-to-asset ratio: 83.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with annual revenues exceeding $5 million. This suggests either that officers are unpaid volunteers, or their compensation is structured in a way that is not reported as 'officer compensation' in the standard percentage breakdown, warranting further investigation for full transparency.
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 African Services Committee Inc's IRS 990 filings:
- Expenses exceeding revenue in multiple recent years (e.g., 2023: $5,554,679 expenses vs. $5,067,665 revenue), indicating potential reliance on reserves.
- Significant increase in liabilities ($1,261,615 in 2021 to $4,939,460 in 2023) without clear explanation in summary data.
- Unusually consistent 0% officer compensation reported, which may obscure actual executive remuneration if structured differently.
Strengths
The following positive indicators were identified for African Services Committee Inc:
- Consistent reporting of 0% officer compensation, suggesting strong resource allocation away from executive pay.
- Significant asset growth, particularly between 2021 and 2022, indicating financial capacity or investment.
- Long operating history with consistent revenue streams over a decade, demonstrating organizational stability.
- Positive net assets (Assets exceeding Liabilities) in all reported periods, indicating solvency.
Frequently Asked Questions about African Services Committee Inc
Is African Services Committee Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, African Services Committee Inc (EIN: 133749744) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does African Services Committee Inc spend its money?
African Services Committee Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to African Services Committee Inc tax-deductible?
African Services Committee Inc is registered as a tax-exempt nonprofit (EIN: 133749744). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the African Services Committee Inc CEO make?
African Services Committee Inc's highest-compensated officer earns $5 annually. The organization reported $8.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of African Services Committee Inc's spending goes to programs?
African Services Committee Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does African Services Committee Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), African Services Committee Inc is above average for NTEE category A99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is African Services Committee Inc located?
African Services Committee Inc is headquartered in New York, New York and files with the IRS under EIN 133749744. It is classified under NTEE code A99Z.
How many years of IRS 990 filings does African Services Committee Inc have?
African Services Committee Inc has 14 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 $8.1M in total revenue.
Is African Services Committee Inc a good charity?
Based on the available data, African Services Committee Inc appears to be a generally stable charity with a long operating history and significant asset growth. The consistent reporting of 0% officer compensation is a strong positive indicator for resource allocation. However, the fluctuating revenue-to-expense ratio and increasing liabilities warrant closer scrutiny to ensure long-term financial sustainability and efficient use of funds.
Why are liabilities increasing so much?
Liabilities have significantly increased, from $1,261,615 in 2021 to $5,509,748 in 2022 and $4,939,460 in 2023. This could be due to various factors such as taking on debt for new programs, capital expenditures (e.g., property acquisition), or increased deferred revenue. A detailed look at the balance sheet would be needed to understand the specific nature of these liabilities.
What is the actual program spending ratio?
While the provided data does not give a direct functional expense breakdown, the consistent 0% officer compensation suggests a strong potential for a high program spending ratio. However, without the detailed functional expense statement from the 990, the exact percentage allocated to programs versus administrative and fundraising costs cannot be precisely determined from this summary data.
How does their asset growth compare to their revenue growth?
The organization's assets grew dramatically from $2,169,110 in 2021 to $7,138,369 in 2022, while revenue increased from $5,702,295 to $6,169,937 in the same period. This indicates a much faster rate of asset accumulation compared to revenue growth, suggesting significant investments or capital infusions rather than just operational surpluses.
Filing History
IRS 990 filing history for African Services Committee Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), African Services Committee Inc's revenue has grown by 51.2%, moving from $3.4M to $5.1M. Total assets increased by 354% over the same period, from $1.3M to $6.0M. Total functional expenses rose by 70.3%, from $3.3M to $5.6M. In its most recent filing year (2023), African Services Committee Inc reported a deficit of $487K, with expenses exceeding revenue. The organization holds $4.9M in liabilities against $6.0M in assets (debt-to-asset ratio: 83.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $5.6M | $6.0M | $4.9M | — | — |
| 2022 | $6.2M | $5.7M | $7.1M | $5.5M | — | View 990 |
| 2021 | $5.7M | $5.1M | $2.2M | $1.3M | — | View 990 |
| 2020 | $5.1M | $5.7M | $1.4M | $1.3M | — | View 990 |
| 2019 | $5.0M | $4.8M | $1.4M | $596K | — | View 990 |
| 2018 | $4.1M | $4.1M | $993K | $397K | — | View 990 |
| 2017 | $3.5M | $3.9M | $1.1M | $490K | — | — |
| 2016 | $3.7M | $4.2M | $1.3M | $239K | — | View 990 |
| 2015 | $3.6M | $3.8M | $1.7M | $96K | — | View 990 |
| 2014 | $4.2M | $3.6M | $1.8M | $52K | — | View 990 |
| 2013 | $3.6M | $3.5M | $1.2M | $114K | — | View 990 |
| 2012 | $1.7M | $1.9M | $1.2M | $134K | — | View 990 |
| 2012 | $3.0M | $3.1M | $1.3M | $123K | — | View 990 |
| 2011 | $3.4M | $3.3M | $1.3M | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $5.6M, and assets of $6.0M (revenue -17.9% year-over-year).
- 2022: Revenue of $6.2M, expenses of $5.7M, and assets of $7.1M (revenue +8.2% year-over-year).
- 2021: Revenue of $5.7M, expenses of $5.1M, and assets of $2.2M (revenue +12.7% year-over-year).
- 2020: Revenue of $5.1M, expenses of $5.7M, and assets of $1.4M (revenue +0.8% year-over-year).
- 2019: Revenue of $5.0M, expenses of $4.8M, and assets of $1.4M (revenue +22.7% year-over-year).
- 2018: Revenue of $4.1M, expenses of $4.1M, and assets of $993K (revenue +18.0% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.9M, and assets of $1.1M (revenue -5.1% year-over-year).
- 2016: Revenue of $3.7M, expenses of $4.2M, and assets of $1.3M (revenue +0.0% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.8M, and assets of $1.7M (revenue -13.3% year-over-year).
- 2014: Revenue of $4.2M, expenses of $3.6M, and assets of $1.8M (revenue +18.4% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.5M, and assets of $1.2M (revenue +103.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.9M, and assets of $1.2M (revenue -41.2% year-over-year).
- 2012: Revenue of $3.0M, expenses of $3.1M, and assets of $1.3M (revenue -11.5% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.3M, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African Services Committee Inc:
Data Sources and Methodology
This transparency report for African Services Committee 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.