Central Harlem Senior Citizens Centers Inc
Central Harlem Senior Citizens Centers Inc. frequently operates at a deficit, with liabilities exceeding assets in recent periods, despite no reported officer compensation.
EIN: 132754783 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-117,615 |
| Transparency Score | 75/100 |
Is Central Harlem Senior Citizens Centers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Harlem Senior Citizens Centers Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Harlem Senior Citizens Centers Inc
Central Harlem Senior Citizens Centers Inc (EIN: 132754783) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.4M and total assets of $497K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Harlem Senior Citizens Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Harlem Senior Citizens Centers Inc is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-343,020 |
| Total Assets | $762K |
| Total Liabilities | $880K |
| Net Assets | $-117,615 |
| Operating Margin | -15.0% |
| Debt-to-Asset Ratio | 115.4% |
| Months of Reserves | 3.5 months |
Financial Health Grade: C
In 2023, Central Harlem Senior Citizens Centers Inc reported a deficit of $343K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 115.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Central Harlem Senior Citizens Centers Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.6% | +8.1% | +64.0% |
| 2022 | +27.3% | +31.8% | +206.7% |
| 2021 | -9.4% | -6.9% | -33.8% |
| 2020 | +13.1% | +1.7% | +74.2% |
| 2019 | +7.8% | +15.5% | -51.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Central Harlem Senior Citizens Centers Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Central Harlem Senior Citizens Centers Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $343K, with expenses exceeding revenue.
- Debt-to-asset ratio: 115.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit of its size with over $2 million in annual revenue.
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 Central Harlem Senior Citizens Centers Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $343,020 deficit in 202306)
- Liabilities exceeding assets in recent periods ($879,607 liabilities vs. $761,992 assets in 202306)
- Fluctuating asset base with periods of low reserves (e.g., $34,132 assets in 201606)
Strengths
The following positive indicators were identified for Central Harlem Senior Citizens Centers Inc:
- Zero officer compensation reported across all filings, indicating strong commitment to mission spending.
- Significant growth in revenue and expenses over the past decade, suggesting expanding services (from $777,064 revenue in 201506 to $2,284,987 in 202306).
- High proportion of spending dedicated to program services.
Frequently Asked Questions about Central Harlem Senior Citizens Centers Inc
Is Central Harlem Senior Citizens Centers Inc a legitimate charity?
Central Harlem Senior Citizens Centers Inc (EIN: 132754783) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.4M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Central Harlem Senior Citizens Centers Inc spend its money?
Central Harlem Senior Citizens Centers Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Central Harlem Senior Citizens Centers Inc tax-deductible?
Central Harlem Senior Citizens Centers Inc is registered as a tax-exempt nonprofit (EIN: 132754783). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Central Harlem Senior Citizens Centers Inc CEO make?
Central Harlem Senior Citizens Centers Inc's highest-compensated officer earns $2 annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Central Harlem Senior Citizens Centers Inc's spending goes to programs?
Central Harlem Senior Citizens Centers Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Central Harlem Senior Citizens Centers Inc located?
Central Harlem Senior Citizens Centers Inc is headquartered in New York, New York and files with the IRS under EIN 132754783.
How many years of IRS 990 filings does Central Harlem Senior Citizens Centers Inc have?
Central Harlem Senior Citizens Centers 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 $2.4M in total revenue.
How does Central Harlem Senior Citizens Centers Inc. cover its recurring operating deficits?
The organization frequently reports expenses exceeding revenue (e.g., $2,628,007 expenses vs. $2,284,987 revenue in 202306), suggesting a reliance on accumulated reserves, grants, or other funding sources not immediately reflected as annual revenue, or it may be drawing down on its net assets.
What is the long-term strategy for managing the increasing liabilities?
In 202306, liabilities reached $879,607, exceeding assets of $761,992. This trend, if continued, could pose financial stability challenges and warrants a clear strategy for liability reduction or asset growth.
What is the specific breakdown of program service expenses?
While the overall program spending appears high, a more detailed breakdown of how these funds are allocated within program services would provide greater insight into the impact and efficiency of their core activities.
Filing History
IRS 990 filing history for Central Harlem Senior Citizens Centers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Harlem Senior Citizens Centers Inc's revenue has grown by 182.9%, moving from $808K to $2.3M. Total assets increased by 776% over the same period, from $87K to $762K. Total functional expenses rose by 219.1%, from $823K to $2.6M. In its most recent filing year (2023), Central Harlem Senior Citizens Centers Inc reported a deficit of $343K, with expenses exceeding revenue. The organization holds $880K in liabilities against $762K in assets (debt-to-asset ratio: 115.4%), resulting in net assets of $-117,615.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.6M | $762K | $880K | — | View 990 |
| 2022 | $2.4M | $2.4M | $465K | $239K | — | View 990 |
| 2021 | $1.9M | $1.8M | $151K | $104K | — | View 990 |
| 2020 | $2.1M | $2.0M | $229K | $199K | — | View 990 |
| 2019 | $1.8M | $1.9M | $131K | $175K | — | View 990 |
| 2018 | $1.7M | $1.7M | $268K | $180K | — | View 990 |
| 2017 | $1.6M | $1.5M | $117K | $27K | — | View 990 |
| 2016 | $922K | $997K | $34K | $81K | — | View 990 |
| 2015 | $777K | $873K | $69K | $95K | — | View 990 |
| 2014 | $810K | $775K | $134K | $62K | — | View 990 |
| 2013 | $815K | $835K | $102K | $93K | — | View 990 |
| 2012 | $815K | $835K | $102K | $93K | — | View 990 |
| 2011 | $808K | $823K | $87K | $58K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.6M, and assets of $762K (revenue -3.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.4M, and assets of $465K (revenue +27.3% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.8M, and assets of $151K (revenue -9.4% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.0M, and assets of $229K (revenue +13.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.9M, and assets of $131K (revenue +7.8% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $268K (revenue +5.3% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $117K (revenue +73.7% year-over-year).
- 2016: Revenue of $922K, expenses of $997K, and assets of $34K (revenue +18.6% year-over-year).
- 2015: Revenue of $777K, expenses of $873K, and assets of $69K (revenue -4.1% year-over-year).
- 2014: Revenue of $810K, expenses of $775K, and assets of $134K (revenue -0.5% year-over-year).
- 2013: Revenue of $815K, expenses of $835K, and assets of $102K (revenue +0.0% year-over-year).
- 2012: Revenue of $815K, expenses of $835K, and assets of $102K (revenue +0.8% year-over-year).
- 2011: Revenue of $808K, expenses of $823K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Harlem Senior Citizens Centers Inc:
Data Sources and Methodology
This transparency report for Central Harlem Senior Citizens Centers 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.