Bowery Residents Committee Inc
Bowery Residents Committee Inc shows substantial growth and strong financial health with 0% reported officer compensation.
EIN: 132736659 · New York, NY · NTEE: P200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $185.2M |
| Total Expenses | $180.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $185M |
| Net Assets | $19.4M |
| Transparency Score | 88/100 |
Is Bowery Residents Committee Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bowery Residents Committee Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bowery Residents Committee Inc
Bowery Residents Committee Inc (EIN: 132736659) is a nonprofit organization based in New York, NY, classified under NTEE code P200. The organization reported total revenue of $185.2M and total assets of $315.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bowery Residents Committee Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bowery Residents Committee Inc is a major nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $182.4M |
| Total Expenses | $180.1M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $335.9M |
| Total Liabilities | $316.5M |
| Net Assets | $19.4M |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 94.2% |
| Months of Reserves | 22.4 months |
Financial Health Grade: A
In 2023, Bowery Residents Committee Inc reported a surplus of $2.3M with revenue exceeding expenses, holds 22.4 months of operating reserves (strong position), has a debt-to-asset ratio of 94.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bowery Residents Committee Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.7% | +30.8% | +317.7% |
| 2022 | +3.1% | +4.5% | +11.7% |
| 2021 | +34.4% | +31.4% | +43.8% |
| 2020 | +7.0% | +11.2% | +25.7% |
| 2019 | +8.7% | +12.3% | -10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Bowery Residents Committee Inc with a Mission Score of 88 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, Bowery Residents Committee Inc 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 surplus of $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization of its size ($185M+ revenue) and suggests that executive leadership may be compensated through other means not captured in this specific line item, or that they are truly unpaid volunteers.
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 Bowery Residents Committee Inc's IRS 990 filings:
- Consistent 0% reported officer compensation for a large organization, which may obscure actual executive remuneration.
- Significant, unexplained jump in assets and liabilities between 2022 and 2023 without further context in the provided data.
Strengths
The following positive indicators were identified for Bowery Residents Committee Inc:
- Strong and consistent revenue growth over the past decade, indicating increasing capacity to serve its mission.
- Healthy financial position with assets significantly exceeding liabilities, particularly in the latest filing ($335M assets vs $316M liabilities).
- Expenses generally track closely to revenue, suggesting efficient deployment of funds towards its mission.
- Consistent reporting of 0% officer compensation, which, if accurate, indicates a high dedication of funds to programs rather than executive salaries.
Frequently Asked Questions about Bowery Residents Committee Inc
Is Bowery Residents Committee Inc a legitimate charity?
Bowery Residents Committee Inc (EIN: 132736659) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $185.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Bowery Residents Committee Inc spend its money?
Bowery Residents Committee Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Bowery Residents Committee Inc tax-deductible?
Bowery Residents Committee Inc is registered as a tax-exempt nonprofit (EIN: 132736659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bowery Residents Committee Inc CEO make?
Bowery Residents Committee Inc's highest-compensated officer earns $185M annually. The organization reported $185.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bowery Residents Committee Inc's spending goes to programs?
Bowery Residents Committee Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bowery Residents Committee Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Bowery Residents Committee Inc is above average for NTEE category P200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bowery Residents Committee Inc located?
Bowery Residents Committee Inc is headquartered in New York, New York and files with the IRS under EIN 132736659. It is classified under NTEE code P200.
How many years of IRS 990 filings does Bowery Residents Committee Inc have?
Bowery Residents Committee 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 $185.2M in total revenue.
How are executive leaders compensated if 'Officer Comp' is consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings for an organization with over $185 million in revenue is highly unusual. This could indicate that executive compensation is structured in a way that is not reported under 'Officer Comp' on the 990 (e.g., through a related management entity, or as part of general salaries and wages), or that the top officers are genuinely unpaid volunteers. Further investigation into the organization's full financial statements or specific compensation policies would be needed to clarify this.
What caused the significant increase in assets and liabilities between 2022 and 2023?
Between the 202206 and 202306 periods, Bowery Residents Committee Inc's assets jumped from $80,406,684 to $335,867,536, and liabilities increased from $63,321,156 to $316,485,345. This substantial increase likely indicates a major capital investment, such as the acquisition of new properties, significant construction projects, or substantial debt financing to support expansion. This would typically be detailed in the organization's audited financial statements.
Is the organization's rapid growth sustainable?
The organization has demonstrated impressive revenue growth, from $76,939,831 in 2017 to $182,395,399 in 2023. While growth is generally positive, rapid expansion can sometimes strain operational capacity. The consistent surpluses (revenue exceeding expenses) suggest financial stability, but the sustainability of such rapid growth depends on continued funding streams and effective management of its expanded operations and increased asset base.
Filing History
IRS 990 filing history for Bowery Residents Committee Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bowery Residents Committee Inc's revenue has grown by 276.9%, moving from $48.4M to $182.4M. Total assets increased by 801.5% over the same period, from $37.3M to $335.9M. Total functional expenses rose by 267.4%, from $49.0M to $180.1M. In its most recent filing year (2023), Bowery Residents Committee Inc reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $316.5M in liabilities against $335.9M in assets (debt-to-asset ratio: 94.2%), resulting in net assets of $19.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $182.4M | $180.1M | $335.9M | $316.5M | — | — |
| 2022 | $138.5M | $137.7M | $80.4M | $63.3M | — | View 990 |
| 2021 | $134.3M | $131.7M | $72.0M | $53.9M | — | View 990 |
| 2020 | $100.0M | $100.2M | $50.0M | $34.6M | — | View 990 |
| 2019 | $93.4M | $90.1M | $39.8M | $24.1M | — | View 990 |
| 2018 | $85.9M | $80.3M | $44.3M | $30.7M | — | View 990 |
| 2017 | $76.9M | $74.5M | $32.5M | $24.7M | — | View 990 |
| 2016 | $71.8M | $71.3M | $32.7M | $27.4M | — | View 990 |
| 2015 | $67.8M | $67.5M | $33.2M | $28.3M | — | View 990 |
| 2014 | $64.2M | $65.6M | $31.8M | $27.3M | — | View 990 |
| 2013 | $63.4M | $63.6M | $38.2M | $32.3M | — | View 990 |
| 2012 | $56.4M | $55.2M | $35.0M | $28.9M | — | View 990 |
| 2011 | $48.4M | $49.0M | $37.3M | $32.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $182.4M, expenses of $180.1M, and assets of $335.9M (revenue +31.7% year-over-year).
- 2022: Revenue of $138.5M, expenses of $137.7M, and assets of $80.4M (revenue +3.1% year-over-year).
- 2021: Revenue of $134.3M, expenses of $131.7M, and assets of $72.0M (revenue +34.4% year-over-year).
- 2020: Revenue of $100.0M, expenses of $100.2M, and assets of $50.0M (revenue +7.0% year-over-year).
- 2019: Revenue of $93.4M, expenses of $90.1M, and assets of $39.8M (revenue +8.7% year-over-year).
- 2018: Revenue of $85.9M, expenses of $80.3M, and assets of $44.3M (revenue +11.7% year-over-year).
- 2017: Revenue of $76.9M, expenses of $74.5M, and assets of $32.5M (revenue +7.1% year-over-year).
- 2016: Revenue of $71.8M, expenses of $71.3M, and assets of $32.7M (revenue +5.9% year-over-year).
- 2015: Revenue of $67.8M, expenses of $67.5M, and assets of $33.2M (revenue +5.7% year-over-year).
- 2014: Revenue of $64.2M, expenses of $65.6M, and assets of $31.8M (revenue +1.3% year-over-year).
- 2013: Revenue of $63.4M, expenses of $63.6M, and assets of $38.2M (revenue +12.3% year-over-year).
- 2012: Revenue of $56.4M, expenses of $55.2M, and assets of $35.0M (revenue +16.6% year-over-year).
- 2011: Revenue of $48.4M, expenses of $49.0M, and assets of $37.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bowery Residents Committee Inc:
Data Sources and Methodology
This transparency report for Bowery Residents 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.