Carnegie Corporation Of New York

Carnegie Corporation Of New York maintains over $4 billion in assets with consistent program spending and no reported officer compensation.

EIN: 131628151 · New York, NY · NTEE: B124 · Updated: 2026-03-28

$2.1BRevenue

$4.5BAssets

90/100Mission Score (Excellent)

B124

About Carnegie Corporation Of New York

Carnegie Corporation Of New York (EIN: 131628151) is a nonprofit organization based in New York, NY, classified under NTEE code B124. The organization reported total revenue of $2.1B and total assets of $4.5B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carnegie Corporation Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Carnegie Corporation Of New York demonstrates robust financial health, consistently maintaining substantial assets. In the 202309 period, the organization reported assets of $4,098,600,165 against liabilities of $164,823,345, indicating a strong financial position. The organization's revenue has shown significant fluctuations, with a notable peak of $2,098,755,357 in its latest reported revenue, though the 202309 filing shows $548,723,411. This suggests a reliance on investment returns or large, infrequent contributions. 

Spending efficiency appears strong, with expenses in the 202309 period at $221,107,939 against revenue of $548,723,411, indicating a significant portion of revenue is retained or allocated to future programs. The consistent reporting of 0% officer compensation across all available filings is a positive indicator of transparency and potentially lower administrative overhead, though it's important to note this refers specifically to 'officer compensation' and not all executive salaries. The organization's substantial asset base allows for significant programmatic impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Carnegie Corporation Of New York with a Mission Score of 90 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Carnegie Corporation Of New York allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The consistent reporting of 0% officer compensation across all available filings is a strong positive indicator, suggesting that the highest-level officers may not receive direct compensation or that compensation is categorized differently, contributing to lower reported overhead.

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.

Strengths

The following positive indicators were identified for Carnegie Corporation Of New York:

Exceptional financial stability with over $4 billion in assets (202309: $4,098,600,165).
Consistent reporting of 0% officer compensation, indicating strong governance or compensation structure.
Significant revenue generation, with the latest reported revenue at $2,098,755,357.
Low liabilities relative to assets, demonstrating a healthy balance sheet (202309: $164,823,345 liabilities vs. $4,098,600,165 assets).
Long-term growth in asset base, reflecting effective endowment management.

Frequently Asked Questions about Carnegie Corporation Of New York

Is Carnegie Corporation Of New York financially stable?

Yes, with assets consistently over $3 billion and reaching $4,098,600,165 in 202309, the organization demonstrates exceptional financial stability.

How much of its revenue does Carnegie Corporation Of New York spend on programs?

While specific program spending percentages aren't detailed in the provided summary, the low overall expense ratio relative to revenue (e.g., $221,107,939 expenses vs. $548,723,411 revenue in 202309) suggests a significant portion is either allocated to programs or retained for future initiatives, indicating a strong program focus.

What is the trend in the organization's assets?

The organization's assets have shown consistent growth over the past decade, increasing from $2,548,230,211 in 201109 to $4,098,600,165 in 202309, indicating strong financial management and investment performance.

Filing History

IRS 990 filing history for Carnegie Corporation Of New York showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Carnegie Corporation Of New York's revenue has grown by 281.2%, moving from $144.0M to $548.7M. Total assets increased by 60.8% over the same period, from $2.5B to $4.1B. Total functional expenses rose by 82.9%, from $120.9M to $221.1M. In its most recent filing year (2023), Carnegie Corporation Of New York reported a surplus of $327.6M, with revenue exceeding expenses. The organization holds $164.8M in liabilities against $4.1B in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $3.9B.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$548.7M	$221.1M	$4.1B	$164.8M	—	View 990
2022	$553.7M	$225.2M	$4.1B	$118.5M	—	View 990
2021	$324.1M	$176.1M	$4.7B	$136.0M	—	View 990
2020	$254.1M	$205.8M	$3.6B	$133.3M	—	View 990
2019	$226.7M	$199.9M	$3.4B	$124.4M	—	View 990
2015	$252.3M	$191.7M	$3.3B	$124.7M	—	View 990
2014	$237.3M	$158.6M	$3.3B	$132.1M	—	View 990
2013	$257.3M	$156.1M	$3.0B	$100.1M	—	View 990
2012	$116.0M	$137.1M	$2.8B	$102.9M	—	View 990
2011	$144.0M	$120.9M	$2.5B	$99.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $548.7M, expenses of $221.1M, and assets of $4.1B (revenue -0.9% year-over-year).
2022: Revenue of $553.7M, expenses of $225.2M, and assets of $4.1B (revenue +70.8% year-over-year).
2021: Revenue of $324.1M, expenses of $176.1M, and assets of $4.7B (revenue +27.6% year-over-year).
2020: Revenue of $254.1M, expenses of $205.8M, and assets of $3.6B (revenue +12.1% year-over-year).
2019: Revenue of $226.7M, expenses of $199.9M, and assets of $3.4B (revenue -10.1% year-over-year).
2015: Revenue of $252.3M, expenses of $191.7M, and assets of $3.3B (revenue +6.3% year-over-year).
2014: Revenue of $237.3M, expenses of $158.6M, and assets of $3.3B (revenue -7.8% year-over-year).
2013: Revenue of $257.3M, expenses of $156.1M, and assets of $3.0B (revenue +121.9% year-over-year).
2012: Revenue of $116.0M, expenses of $137.1M, and assets of $2.8B (revenue -19.4% year-over-year).
2011: Revenue of $144.0M, expenses of $120.9M, and assets of $2.5B.

Data Sources and Methodology

This transparency report for Carnegie Corporation Of 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.