Amalithone Realty Corp
Amalithone Realty Corp consistently maintains financial surpluses and reports zero officer compensation.
EIN: 135636231 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.5M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $2.9M |
| Transparency Score | 75/100 |
Is Amalithone Realty Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amalithone Realty Corp directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Amalithone Realty Corp
Amalithone Realty Corp (EIN: 135636231) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.0M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amalithone Realty Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amalithone Realty Corp is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$629K |
| Total Assets | $3.1M |
| Total Liabilities | $207K |
| Net Assets | $2.9M |
| Operating Margin | 29.7% |
| Debt-to-Asset Ratio | 6.6% |
| Months of Reserves | 25.2 months |
Financial Health Grade: A
In 2023, Amalithone Realty Corp reported a surplus of $629K with revenue exceeding expenses, holds 25.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Amalithone Realty Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.7% | -7.0% | +6.7% |
| 2022 | -2.4% | +13.2% | +2.2% |
| 2021 | -30.0% | +3.6% | +9.7% |
| 2020 | -24.1% | +12.1% | -3.4% |
| 2019 | -2.2% | +4.3% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Amalithone Realty Corp 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Amalithone Realty Corp allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $629K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.6%.
Executive Compensation Analysis
Amalithone Realty Corp consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization with revenues exceeding $1 million.
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 Amalithone Realty Corp's IRS 990 filings:
- Lack of NTEE code and detailed program description, making mission assessment difficult.
- Absence of functional expense breakdown (program, admin, fundraising) in provided data.
- Consistent reporting of zero officer compensation for an organization with multi-million dollar revenues, which is highly unusual and could mask compensation reported elsewhere or indicate a unique operational model.
Strengths
The following positive indicators were identified for Amalithone Realty Corp:
- Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $629,303 surplus in 2023).
- Strong asset base relative to liabilities, indicating financial stability (e.g., $3,132,925 assets vs. $207,135 liabilities in 2023).
- Healthy growth in assets over time, demonstrating effective financial management.
- Low liabilities, suggesting minimal debt burden and strong financial health.
Frequently Asked Questions about Amalithone Realty Corp
Is Amalithone Realty Corp a legitimate charity?
Amalithone Realty Corp (EIN: 135636231) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Amalithone Realty Corp spend its money?
Amalithone Realty Corp directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Amalithone Realty Corp tax-deductible?
Amalithone Realty Corp is registered as a tax-exempt nonprofit (EIN: 135636231). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Amalithone Realty Corp CEO make?
Amalithone Realty Corp's highest-compensated officer earns $1 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Amalithone Realty Corp's spending goes to programs?
Amalithone Realty Corp directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Amalithone Realty Corp located?
Amalithone Realty Corp is headquartered in New York, New York and files with the IRS under EIN 135636231.
How many years of IRS 990 filings does Amalithone Realty Corp have?
Amalithone Realty Corp 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 $2.0M in total revenue.
What is Amalithone Realty Corp's primary mission or program activity?
The provided IRS 990 data does not specify the organization's NTEE code or detailed program descriptions, making it unclear what its primary mission or program activities are. This information is crucial for assessing its charitable impact.
How does Amalithone Realty Corp allocate its expenses between programs, administration, and fundraising?
The available IRS 990 data only provides total expenses, not a functional breakdown into program, administrative, and fundraising categories. Without this detail, it's impossible to definitively determine spending efficiency.
Why does Amalithone Realty Corp consistently report zero officer compensation despite significant revenue?
The consistent reporting of 0% officer compensation suggests a volunteer-led executive structure or that executive compensation is reported under a different expense category. This is an unusual practice for an organization of its size and revenue, warranting further investigation into its governance and compensation policies.
What are the specific sources of Amalithone Realty Corp's revenue?
The provided data only shows total revenue. A breakdown of revenue sources (e.g., contributions, program service revenue, investment income) would provide more insight into the organization's financial model and sustainability.
Filing History
IRS 990 filing history for Amalithone Realty Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Amalithone Realty Corp's revenue has grown by 11.4%, moving from $1.9M to $2.1M. Total assets decreased by 10.6% over the same period, from $3.5M to $3.1M. Total functional expenses rose by 16.1%, from $1.3M to $1.5M. In its most recent filing year (2023), Amalithone Realty Corp reported a surplus of $629K, with revenue exceeding expenses. The organization holds $207K in liabilities against $3.1M in assets (debt-to-asset ratio: 6.6%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.5M | $3.1M | $207K | — | — |
| 2022 | $1.5M | $1.6M | $2.9M | $640K | — | — |
| 2021 | $1.5M | $1.4M | $2.9M | $469K | — | View 990 |
| 2020 | $2.2M | $1.4M | $2.6M | $232K | — | — |
| 2019 | $2.9M | $1.2M | $2.7M | $150K | — | View 990 |
| 2018 | $3.0M | $1.2M | $2.7M | $310K | — | View 990 |
| 2017 | $3.2M | $1.1M | $3.4M | $328K | — | View 990 |
| 2016 | $3.0M | $1.3M | $3.2M | $320K | — | View 990 |
| 2015 | $2.7M | $1.2M | $3.8M | $268K | — | View 990 |
| 2014 | $2.8M | $1.4M | $2.9M | $271K | — | View 990 |
| 2013 | $2.6M | $1.3M | $4.1M | $986K | — | View 990 |
| 2012 | $2.2M | $1.4M | $3.5M | $1.7M | — | View 990 |
| 2011 | $1.9M | $1.3M | $3.5M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.5M, and assets of $3.1M (revenue +41.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $2.9M (revenue -2.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $2.9M (revenue -30.0% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.4M, and assets of $2.6M (revenue -24.1% year-over-year).
- 2019: Revenue of $2.9M, expenses of $1.2M, and assets of $2.7M (revenue -2.2% year-over-year).
- 2018: Revenue of $3.0M, expenses of $1.2M, and assets of $2.7M (revenue -6.8% year-over-year).
- 2017: Revenue of $3.2M, expenses of $1.1M, and assets of $3.4M (revenue +5.8% year-over-year).
- 2016: Revenue of $3.0M, expenses of $1.3M, and assets of $3.2M (revenue +9.2% year-over-year).
- 2015: Revenue of $2.7M, expenses of $1.2M, and assets of $3.8M (revenue -2.0% year-over-year).
- 2014: Revenue of $2.8M, expenses of $1.4M, and assets of $2.9M (revenue +6.4% year-over-year).
- 2013: Revenue of $2.6M, expenses of $1.3M, and assets of $4.1M (revenue +21.5% year-over-year).
- 2012: Revenue of $2.2M, expenses of $1.4M, and assets of $3.5M (revenue +13.6% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.3M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amalithone Realty Corp:
Data Sources and Methodology
This transparency report for Amalithone Realty Corp 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.