Associates Of The University Of Toronto Inc
Associates Of The University Of Toronto Inc faces recurring operating deficits and fluctuating assets, with no reported officer compensation.
EIN: 136142038 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $3.2M |
| Program Spending | 70% |
| Net Assets | $501K |
| Transparency Score | 65/100 |
Is Associates Of The University Of Toronto Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Associates Of The University Of Toronto Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Associates Of The University Of Toronto Inc
Associates Of The University Of Toronto Inc (EIN: 136142038) is a nonprofit organization based in New York, NY. The organization reported total revenue of $3.4M and total assets of $430K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Associates Of The University Of Toronto Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Associates Of The University Of Toronto Inc is a mid-size nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-306,691 |
| Total Assets | $504K |
| Total Liabilities | $3K |
| Net Assets | $501K |
| Operating Margin | -10.5% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 1.9 months |
Financial Health Grade: C
In 2023, Associates Of The University Of Toronto Inc reported a deficit of $307K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Associates Of The University Of Toronto Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.7% | -1.5% | -37.8% |
| 2022 | -31.4% | +17.2% | -56.1% |
| 2021 | -11.0% | -11.7% | +35.7% |
| 2020 | +1.3% | -26.8% | +82.7% |
| 2019 | +52.8% | +1.0% | -47.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1949 |
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 Associates Of The University Of Toronto Inc with a Mission Score of 65 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, Associates Of The University Of Toronto Inc 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 deficit of $307K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly unusual for an organization with multi-million dollar revenues and suggests a volunteer-driven leadership or that compensation is reported under other expense categories.
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 Associates Of The University Of Toronto Inc's IRS 990 filings:
- Recurring operating deficits in recent years (e.g., 2023, 2022, 2019, 2018, 2016).
- Significant and unexplained increase in liabilities in 2022 and 2023 ($2,301,000 and $2,602,000 respectively).
- Highly fluctuating asset base, indicating potential financial instability.
- Lack of NTEE code, hindering comparative analysis.
- 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is hidden in other expense categories.
Strengths
The following positive indicators were identified for Associates Of The University Of Toronto Inc:
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
- Historically strong revenue generation, often in the multi-million dollar range.
- No reported officer compensation, potentially indicating a commitment to directing funds to mission.
- Long operational history with 13 filings available.
Frequently Asked Questions about Associates Of The University Of Toronto Inc
Is Associates Of The University Of Toronto Inc a legitimate charity?
Associates Of The University Of Toronto Inc (EIN: 136142038) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.4M. 5 red flags identified. 4 strengths noted. Financial health grade: C.
How does Associates Of The University Of Toronto Inc spend its money?
Associates Of The University Of Toronto Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Associates Of The University Of Toronto Inc tax-deductible?
Associates Of The University Of Toronto Inc is registered as a tax-exempt nonprofit (EIN: 136142038). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Associates Of The University Of Toronto Inc's spending goes to programs?
Associates Of The University Of Toronto Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Associates Of The University Of Toronto Inc located?
Associates Of The University Of Toronto Inc is headquartered in New York, New York and files with the IRS under EIN 136142038.
How many years of IRS 990 filings does Associates Of The University Of Toronto Inc have?
Associates Of The University Of Toronto 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 $3.4M in total revenue.
Is Associates Of The University Of Toronto Inc financially stable?
The organization's financial stability is questionable due to recurring operating deficits in recent years (e.g., $3,230,167 expenses vs. $2,923,476 revenue in 2023) and significant fluctuations in assets and liabilities, including $2,602,000 in liabilities in 2023.
How does Associates Of The University Of Toronto Inc spend its money?
Without a detailed functional expense breakdown from the 990s, it's difficult to precisely determine. However, given the 0% officer compensation, it suggests a significant portion could be directed towards programs, though recent deficits indicate expenses are exceeding revenue.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that executive compensation is categorized under other expense lines, which would require further investigation to confirm.
What caused the significant increase in liabilities in 2022 and 2023?
The liabilities jumped from $12,098 in 2021 to $2,301,000 in 2022 and $2,602,000 in 2023. This substantial increase warrants further investigation into the nature of these liabilities, as they represent a significant financial obligation for the organization.
What is the organization's NTEE code and mission?
The NTEE code is currently unknown, which makes it difficult to benchmark against similar organizations. The mission is not explicitly stated in the provided data, but the name suggests a focus on supporting the University of Toronto.
Filing History
IRS 990 filing history for Associates Of The University Of Toronto Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Associates Of The University Of Toronto Inc's revenue has grown by 671.3%, moving from $379K to $2.9M. Total assets increased by 136.2% over the same period, from $213K to $504K. Total functional expenses rose by 416.1%, from $626K to $3.2M. In its most recent filing year (2023), Associates Of The University Of Toronto Inc reported a deficit of $307K, with expenses exceeding revenue. The organization holds $3K in liabilities against $504K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $501K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.2M | $504K | $3K | — | — |
| 2022 | $2.3M | $3.3M | $810K | $2K | — | — |
| 2021 | $3.3M | $2.8M | $1.8M | $12K | — | View 990 |
| 2020 | $3.7M | $3.2M | $1.4M | $14K | — | — |
| 2019 | $3.6M | $4.3M | $745K | $3K | — | View 990 |
| 2018 | $2.4M | $4.3M | $1.4M | $2K | — | View 990 |
| 2017 | $4.3M | $1.3M | $3.3M | $0 | — | — |
| 2016 | $852K | $2.1M | $324K | $873 | — | View 990 |
| 2015 | $2.0M | $1.1M | $1.5M | $0 | — | View 990 |
| 2014 | $1.1M | $928K | $679K | $0 | — | View 990 |
| 2013 | $776K | $896K | $531K | $0 | — | View 990 |
| 2012 | $820K | $382K | $651K | $0 | — | View 990 |
| 2011 | $379K | $626K | $213K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $3.2M, and assets of $504K (revenue +29.7% year-over-year).
- 2022: Revenue of $2.3M, expenses of $3.3M, and assets of $810K (revenue -31.4% year-over-year).
- 2021: Revenue of $3.3M, expenses of $2.8M, and assets of $1.8M (revenue -11.0% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.2M, and assets of $1.4M (revenue +1.3% year-over-year).
- 2019: Revenue of $3.6M, expenses of $4.3M, and assets of $745K (revenue +52.8% year-over-year).
- 2018: Revenue of $2.4M, expenses of $4.3M, and assets of $1.4M (revenue -44.6% year-over-year).
- 2017: Revenue of $4.3M, expenses of $1.3M, and assets of $3.3M (revenue +405.7% year-over-year).
- 2016: Revenue of $852K, expenses of $2.1M, and assets of $324K (revenue -56.4% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.1M, and assets of $1.5M (revenue +81.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $928K, and assets of $679K (revenue +38.6% year-over-year).
- 2013: Revenue of $776K, expenses of $896K, and assets of $531K (revenue -5.4% year-over-year).
- 2012: Revenue of $820K, expenses of $382K, and assets of $651K (revenue +116.3% year-over-year).
- 2011: Revenue of $379K, expenses of $626K, and assets of $213K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Associates Of The University Of Toronto Inc:
Data Sources and Methodology
This transparency report for Associates Of The University Of Toronto 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.