Central New York Community Foundation Inc
Central New York Community Foundation Inc shows consistent asset growth and zero reported officer compensation across all filings.
EIN: 150626910 · Syracuse, NY · NTEE: T310 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61.8M |
| Total Expenses | $25.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $458,328,795 |
| Net Assets | $357.7M |
| Transparency Score | 95/100 |
Is Central New York Community Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central New York Community Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central New York Community Foundation Inc
Central New York Community Foundation Inc (EIN: 150626910) is a nonprofit organization based in Syracuse, NY, classified under NTEE code T310. The organization reported total revenue of $61.8M and total assets of $458.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central New York Community Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central New York Community Foundation Inc is a major nonprofit that has been operating for 78 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34.3M |
| Total Expenses | $25.3M |
| Surplus / Deficit | +$9.0M |
| Total Assets | $389.5M |
| Total Liabilities | $31.8M |
| Net Assets | $357.7M |
| Operating Margin | 26.1% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 184.5 months |
Financial Health Grade: A
In 2023, Central New York Community Foundation Inc reported a surplus of $9.0M with revenue exceeding expenses, holds 184.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Central New York Community Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -30.0% | +14.4% | -1.6% |
| 2022 | +30.7% | -8.8% | +8.8% |
| 2021 | +29.5% | +28.8% | +41.0% |
| 2020 | +11.9% | +19.2% | -7.6% |
| 2019 | -50.9% | -30.5% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1948 |
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 New York Community Foundation Inc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Central New York Community Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $9.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and asset base ($458,328,795). This suggests either a volunteer leadership structure or that compensation for key management is reported under different expense categories, warranting further investigation for full transparency.
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 New York Community Foundation Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation across all filings, which may obscure actual executive remuneration if it's reported elsewhere.
Strengths
The following positive indicators were identified for Central New York Community Foundation Inc:
- Consistent and significant asset growth, from $171M in 2014 to $458M currently, indicating strong financial management and endowment building.
- Zero reported officer compensation across all 12 filings, suggesting a highly efficient use of funds or a volunteer-led executive structure.
- Strong financial health with expenses consistently well below revenue, allowing for substantial asset accumulation.
- Clear alignment with its NTEE code (Community Foundations), indicating a focused mission on local grant-making and community support.
Frequently Asked Questions about Central New York Community Foundation Inc
Is Central New York Community Foundation Inc a legitimate charity?
Central New York Community Foundation Inc (EIN: 150626910) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 12 years of IRS 990 filings on record. Total revenue: $61.8M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Central New York Community Foundation Inc spend its money?
Central New York Community Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Central New York Community Foundation Inc tax-deductible?
Central New York Community Foundation Inc is registered as a tax-exempt nonprofit (EIN: 150626910). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Central New York Community Foundation Inc CEO make?
Central New York Community Foundation Inc's highest-compensated officer earns $458,328,795 annually. The organization reported $61.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Central New York Community Foundation Inc's spending goes to programs?
Central New York Community Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Central New York Community Foundation Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Central New York Community Foundation Inc is above average for NTEE category T310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central New York Community Foundation Inc located?
Central New York Community Foundation Inc is headquartered in Syracuse, New York and files with the IRS under EIN 150626910. It is classified under NTEE code T310.
How many years of IRS 990 filings does Central New York Community Foundation Inc have?
Central New York Community Foundation Inc has 12 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 $61.8M in total revenue.
How does Central New York Community Foundation Inc manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could indicate that executive leadership is entirely volunteer-based, or that compensation is categorized differently within the IRS 990, such as under general salaries and wages rather than specific officer compensation.
What is the primary use of the significant asset base of $458,328,795?
As a community foundation (NTEE T310), the substantial asset base primarily serves as an endowment. The income generated from these assets is then used to fund grants and support various charitable programs within the Central New York community, aligning with their mission.
How stable is the organization's revenue given the fluctuations observed?
Revenue for community foundations often fluctuates due to reliance on contributions and investment returns, which can be volatile. While there are year-to-year variations (e.g., $52.7M in 2018 vs. $28.9M in 2020), the overall trend shows significant growth, and the large asset base provides a stable foundation for operations regardless of short-term revenue shifts.
Filing History
IRS 990 filing history for Central New York Community Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Central New York Community Foundation Inc's revenue has grown by 182%, moving from $12.2M to $34.3M. Total assets increased by 200.6% over the same period, from $129.6M to $389.5M. Total functional expenses rose by 180.6%, from $9.0M to $25.3M. In its most recent filing year (2023), Central New York Community Foundation Inc reported a surplus of $9.0M, with revenue exceeding expenses. The organization holds $31.8M in liabilities against $389.5M in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $357.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34.3M | $25.3M | $389.5M | $31.8M | — | View 990 |
| 2022 | $49.0M | $22.1M | $395.9M | $27.9M | — | View 990 |
| 2021 | $37.5M | $24.3M | $363.9M | $27.0M | — | View 990 |
| 2020 | $29.0M | $18.9M | $258.0M | $22.0M | — | View 990 |
| 2019 | $25.9M | $15.8M | $279.3M | $23.6M | — | View 990 |
| 2018 | $52.8M | $22.8M | $270.8M | $20.0M | — | — |
| 2017 | $27.7M | $17.2M | $224.9M | $18.7M | — | View 990 |
| 2016 | $26.1M | $14.1M | $191.3M | $12.0M | — | View 990 |
| 2015 | $28.2M | $12.9M | $188.0M | $10.8M | — | View 990 |
| 2014 | $27.8M | $11.8M | $171.3M | $9.7M | — | View 990 |
| 2013 | $15.0M | $10.8M | $142.7M | $9.3M | — | View 990 |
| 2012 | $12.2M | $9.0M | $129.6M | $8.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34.3M, expenses of $25.3M, and assets of $389.5M (revenue -30.0% year-over-year).
- 2022: Revenue of $49.0M, expenses of $22.1M, and assets of $395.9M (revenue +30.7% year-over-year).
- 2021: Revenue of $37.5M, expenses of $24.3M, and assets of $363.9M (revenue +29.5% year-over-year).
- 2020: Revenue of $29.0M, expenses of $18.9M, and assets of $258.0M (revenue +11.9% year-over-year).
- 2019: Revenue of $25.9M, expenses of $15.8M, and assets of $279.3M (revenue -50.9% year-over-year).
- 2018: Revenue of $52.8M, expenses of $22.8M, and assets of $270.8M (revenue +90.2% year-over-year).
- 2017: Revenue of $27.7M, expenses of $17.2M, and assets of $224.9M (revenue +6.2% year-over-year).
- 2016: Revenue of $26.1M, expenses of $14.1M, and assets of $191.3M (revenue -7.5% year-over-year).
- 2015: Revenue of $28.2M, expenses of $12.9M, and assets of $188.0M (revenue +1.7% year-over-year).
- 2014: Revenue of $27.8M, expenses of $11.8M, and assets of $171.3M (revenue +85.4% year-over-year).
- 2013: Revenue of $15.0M, expenses of $10.8M, and assets of $142.7M (revenue +23.2% year-over-year).
- 2012: Revenue of $12.2M, expenses of $9.0M, and assets of $129.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central New York Community Foundation Inc:
Data Sources and Methodology
This transparency report for Central New York Community Foundation 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.