Association On Aging In New York
Association On Aging In New York experiences significant growth in revenue and expenses with zero reported officer compensation.
EIN: 161107763 · Albany, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $3.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $157K |
| Transparency Score | 85/100 |
Is Association On Aging In New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Association On Aging In New York directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Association On Aging In New York
Association On Aging In New York (EIN: 161107763) is a nonprofit organization based in Albany, NY. The organization reported total revenue of $1.9M and total assets of $619K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Association On Aging In New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Association On Aging In New York is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-71,717 |
| Total Assets | $789K |
| Total Liabilities | $631K |
| Net Assets | $157K |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 80.1% |
| Months of Reserves | 3.1 months |
Financial Health Grade: C
In 2023, Association On Aging In New York reported a deficit of $72K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 80.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Association On Aging In New York's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +109.9% | +114.0% | +53.7% |
| 2022 | +103.0% | +97.4% | +75.3% |
| 2021 | +16.2% | +26.6% | -8.5% |
| 2020 | -19.0% | -18.1% | +10.2% |
| 2019 | +43.9% | +39.5% | +10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Association On Aging In New York 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Association On Aging In New York allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $72K, with expenses exceeding revenue.
- Debt-to-asset ratio: 80.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with nearly $3 million in annual revenue and suggests either a volunteer-led executive team or compensation structured in a way not reported as 'officer compensation' on the 990.
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 Association On Aging In New York's IRS 990 filings:
- Significant increase in liabilities relative to assets in the latest filing ($631,433 liabilities vs. $788,660 assets in 202312), which could indicate increased financial risk if not managed properly.
- Consistent reporting of 0% officer compensation, which, while positive for program spending, is unusual for an organization of this size and could obscure how leadership is truly compensated or sustained.
Strengths
The following positive indicators were identified for Association On Aging In New York:
- Strong program spending efficiency, as implied by the 0% officer compensation and expenses closely tracking revenue over many years.
- Significant growth in revenue and assets in recent years, indicating expanding capacity and reach (revenue grew from $689,758 in 202112 to $2,938,749 in 202312).
- Consistent operational management with expenses generally aligning with revenue, avoiding large deficits over the long term.
- Healthy asset accumulation, with assets growing from $292,722 in 202112 to $788,660 in 202312.
Frequently Asked Questions about Association On Aging In New York
Is Association On Aging In New York a legitimate charity?
Association On Aging In New York (EIN: 161107763) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Association On Aging In New York spend its money?
Association On Aging In New York directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Association On Aging In New York tax-deductible?
Association On Aging In New York is registered as a tax-exempt nonprofit (EIN: 161107763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Association On Aging In New York CEO make?
Association On Aging In New York's highest-compensated officer earns $3 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Association On Aging In New York's spending goes to programs?
Association On Aging In New York directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Association On Aging In New York located?
Association On Aging In New York is headquartered in Albany, New York and files with the IRS under EIN 161107763.
How many years of IRS 990 filings does Association On Aging In New York have?
Association On Aging In New York 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 $1.9M in total revenue.
How does the organization manage to operate with 0% reported officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could indicate that executive leadership is entirely volunteer-based, compensated through a related entity, or that their compensation is categorized differently within the expense breakdown (e.g., as program staff if they also deliver services).
What caused the significant increase in revenue and expenses between 2021 and 2023?
Revenue jumped from $689,758 in 202112 to $1,400,001 in 202212, and then to $2,938,749 in 202312. This substantial growth suggests a major expansion of programs, new funding streams, or increased grant activity, which would typically be detailed in the organization's full 990 filing.
Is the recent increase in liabilities a concern for the organization's financial stability?
Liabilities increased from $284,061 in 202212 to $631,433 in 202312, alongside a rise in assets. While an increase in liabilities is not inherently negative, especially if tied to program expansion or asset acquisition, it warrants closer examination to ensure the organization maintains sufficient liquidity and a healthy debt-to-asset ratio.
Filing History
IRS 990 filing history for Association On Aging In New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Association On Aging In New York's revenue has grown by 769.2%, moving from $338K to $2.9M. Total assets increased by 263.1% over the same period, from $217K to $789K. Total functional expenses rose by 805.1%, from $333K to $3.0M. In its most recent filing year (2023), Association On Aging In New York reported a deficit of $72K, with expenses exceeding revenue. The organization holds $631K in liabilities against $789K in assets (debt-to-asset ratio: 80.1%), resulting in net assets of $157K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.0M | $789K | $631K | — | — |
| 2022 | $1.4M | $1.4M | $513K | $284K | — | — |
| 2021 | $690K | $713K | $293K | $57K | — | View 990 |
| 2020 | $594K | $563K | $320K | $61K | — | — |
| 2019 | $733K | $688K | $290K | $63K | — | View 990 |
| 2018 | $509K | $493K | $262K | $79K | — | View 990 |
| 2017 | $736K | $702K | $361K | $195K | — | View 990 |
| 2016 | $589K | $572K | $197K | $65K | — | View 990 |
| 2015 | $573K | $564K | $203K | $88K | — | View 990 |
| 2014 | $456K | $452K | $135K | $30K | — | View 990 |
| 2013 | $370K | $368K | $127K | $24K | — | View 990 |
| 2012 | $369K | $369K | $219K | $117K | — | View 990 |
| 2011 | $338K | $333K | $217K | $116K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $3.0M, and assets of $789K (revenue +109.9% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $513K (revenue +103.0% year-over-year).
- 2021: Revenue of $690K, expenses of $713K, and assets of $293K (revenue +16.2% year-over-year).
- 2020: Revenue of $594K, expenses of $563K, and assets of $320K (revenue -19.0% year-over-year).
- 2019: Revenue of $733K, expenses of $688K, and assets of $290K (revenue +43.9% year-over-year).
- 2018: Revenue of $509K, expenses of $493K, and assets of $262K (revenue -30.8% year-over-year).
- 2017: Revenue of $736K, expenses of $702K, and assets of $361K (revenue +24.9% year-over-year).
- 2016: Revenue of $589K, expenses of $572K, and assets of $197K (revenue +2.8% year-over-year).
- 2015: Revenue of $573K, expenses of $564K, and assets of $203K (revenue +25.7% year-over-year).
- 2014: Revenue of $456K, expenses of $452K, and assets of $135K (revenue +23.3% year-over-year).
- 2013: Revenue of $370K, expenses of $368K, and assets of $127K (revenue +0.2% year-over-year).
- 2012: Revenue of $369K, expenses of $369K, and assets of $219K (revenue +9.2% year-over-year).
- 2011: Revenue of $338K, expenses of $333K, and assets of $217K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Association On Aging In New York:
Data Sources and Methodology
This transparency report for Association On Aging In New York 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.