Annie Schaffer Senior Center Of Schenectady County Inc
Annie Schaffer Senior Center consistently spends more than it earns, leading to a decade of declining assets.
EIN: 141427968 · Schenectady, NY · NTEE: L220 · Updated: 2026-03-28
Is Annie Schaffer Senior Center Of Schenectady County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Annie Schaffer Senior Center Of Schenectady County Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Annie Schaffer Senior Center Of Schenectady County Inc
Annie Schaffer Senior Center Of Schenectady County Inc (EIN: 141427968) is a nonprofit organization based in Schenectady, NY, classified under NTEE code L220. The organization reported total revenue of $2.2M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Annie Schaffer Senior Center Of Schenectady County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Annie Schaffer Senior Center Of Schenectady County Inc with a Mission Score of 55 out of 100 (Fair). 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, Annie Schaffer Senior Center Of Schenectady County Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be entirely volunteer-based or that executive salaries are categorized differently, which could impact the clarity of compensation 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 Annie Schaffer Senior Center Of Schenectady County Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) over the past decade, e.g., $2,162,000 expenses vs. $2,076,682 revenue in 2023.
- Declining asset base, from $10,938,899 in 2014 to $6,992,966 in 2023.
- Liabilities significantly outweigh assets, indicating potential solvency concerns (e.g., $11,221,547 liabilities vs. $6,992,966 assets in 2023).
Strengths
The following positive indicators were identified for Annie Schaffer Senior Center Of Schenectady County Inc:
- Consistent revenue generation, maintaining over $1.5 million annually for the past decade.
- Long operational history with 14 IRS 990 filings, indicating established presence.
- No reported officer compensation, suggesting a potentially volunteer-driven leadership or efficient use of funds in this area.
Frequently Asked Questions about Annie Schaffer Senior Center Of Schenectady County Inc
Is Annie Schaffer Senior Center Of Schenectady County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Annie Schaffer Senior Center Of Schenectady County Inc (EIN: 141427968) some concerns. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
How does Annie Schaffer Senior Center Of Schenectady County Inc spend its money?
Annie Schaffer Senior Center Of Schenectady County Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Annie Schaffer Senior Center Of Schenectady County Inc tax-deductible?
Annie Schaffer Senior Center Of Schenectady County Inc is registered as a tax-exempt nonprofit (EIN: 141427968). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Annie Schaffer Senior Center Of Schenectady County Inc financially sustainable?
The organization has consistently reported expenses exceeding revenue for the past decade, leading to a decline in assets from $10,938,899 in 2014 to $6,992,966 in 2023. This trend suggests a challenge to long-term financial sustainability without a change in its financial model.
Why are the organization's assets declining?
Assets have been declining because the organization's expenses have consistently outpaced its revenue. For example, in 2023, revenue was $2,076,682 while expenses were $2,162,000, resulting in a deficit that likely drew from existing assets.
What is the organization's plan to address its operational deficits?
The provided data does not detail specific plans to address the consistent operational deficits. However, the trend of spending more than it earns indicates a need for either increased fundraising efforts or expense reductions to achieve financial stability.
How does the organization manage its significant liabilities?
The organization's liabilities have consistently been higher than its assets, for instance, $11,221,547 in liabilities against $6,992,966 in assets in 2023. While the data doesn't detail the nature of these liabilities, their size relative to assets is a significant financial consideration.
Filing History
IRS 990 filing history for Annie Schaffer Senior Center Of Schenectady County Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Annie Schaffer Senior Center Of Schenectady County Inc's revenue has grown by 45.6%, moving from $1.4M to $2.1M. Total assets decreased by 37.3% over the same period, from $11.2M to $7.0M. Total functional expenses rose by 19.3%, from $1.8M to $2.2M. In its most recent filing year (2023), Annie Schaffer Senior Center Of Schenectady County Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $11.2M in liabilities against $7.0M in assets (debt-to-asset ratio: 160.5%), resulting in net assets of $-4,228,581.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.2M | $7.0M | $11.2M | — | — |
| 2022 | $2.0M | $2.1M | $7.0M | $11.1M | — | View 990 |
| 2021 | $1.8M | $1.9M | $7.3M | $11.3M | — | View 990 |
| 2020 | $1.8M | $2.0M | $7.9M | $11.8M | — | View 990 |
| 2019 | $1.8M | $2.0M | $8.3M | $11.8M | — | View 990 |
| 2018 | $1.8M | $2.1M | $8.9M | $12.0M | — | View 990 |
| 2017 | $1.7M | $2.1M | $9.4M | $12.3M | — | View 990 |
| 2016 | $1.7M | $2.0M | $9.9M | $12.6M | — | View 990 |
| 2015 | $1.6M | $2.1M | $10.4M | $12.4M | — | View 990 |
| 2014 | $1.6M | $2.3M | $10.9M | $12.5M | — | View 990 |
| 2013 | $1.5M | $1.9M | $10.2M | $11.1M | — | View 990 |
| 2012 | $1.5M | $1.9M | $10.4M | $10.9M | — | View 990 |
| 2011 | $1.4M | $1.9M | $10.7M | $10.9M | — | View 990 |
| 2010 | $1.4M | $1.8M | $11.2M | $10.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.2M, and assets of $7.0M (revenue +2.6% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.1M, and assets of $7.0M (revenue +10.1% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.9M, and assets of $7.3M (revenue +2.2% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.0M, and assets of $7.9M (revenue +0.5% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.0M, and assets of $8.3M (revenue +1.2% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.1M, and assets of $8.9M (revenue +2.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.1M, and assets of $9.4M (revenue +1.4% year-over-year).
- 2016: Revenue of $1.7M, expenses of $2.0M, and assets of $9.9M (revenue +4.9% year-over-year).
- 2015: Revenue of $1.6M, expenses of $2.1M, and assets of $10.4M (revenue +2.7% year-over-year).
- 2014: Revenue of $1.6M, expenses of $2.3M, and assets of $10.9M (revenue +2.3% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.9M, and assets of $10.2M (revenue +1.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.9M, and assets of $10.4M (revenue +11.5% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.9M, and assets of $10.7M (revenue -4.8% year-over-year).
- 2010: Revenue of $1.4M, expenses of $1.8M, and assets of $11.2M.
Data Sources and Methodology
This transparency report for Annie Schaffer Senior Center Of Schenectady County 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.