Citibank Na Employees Association
Citibank Na Employees Association faces significant and sustained operational deficits, leading to a substantial decline in assets.
EIN: 132878534 · Stamford, CT · Updated: 2026-03-28
Is Citibank Na Employees Association Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Citibank Na Employees Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Citibank Na Employees Association
Citibank Na Employees Association (EIN: 132878534) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $2.4B and total assets of $54.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Citibank Na Employees Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Citibank Na Employees Association is a major 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 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $21.9M |
| Surplus / Deficit | $-18,572,479 |
| Total Assets | $59.5M |
| Net Assets | $59.5M |
| Operating Margin | -563.2% |
| Months of Reserves | 32.6 months |
Financial Health Grade: B
In 2023, Citibank Na Employees Association reported a deficit of $18.6M with expenses exceeding revenue, holds 32.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Citibank Na Employees Association's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +123.2% | -38.6% | -23.3% |
| 2022 | +713.4% | +10.6% | -30.7% |
| 2021 | -90.2% | +7.1% | -22.2% |
| 2020 | -66.8% | -32.3% | -16.3% |
| 2019 | +8.2% | -60.9% | -18.1% |
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 Citibank Na Employees Association with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Citibank Na Employees Association allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18.6M, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that executive compensation is not reported in this section of the 990, which is unusual for an organization with significant expenses.
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 Citibank Na Employees Association's IRS 990 filings:
- Consistent and significant operational deficits (expenses far exceeding revenue) in recent years.
- Substantial decline in assets over the past five years, indicating unsustainable spending.
- Highly volatile revenue streams, making financial planning difficult.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data.
- Unknown NTEE code, hindering classification and comparative analysis.
Strengths
The following positive indicators were identified for Citibank Na Employees Association:
- No reported liabilities in recent years (2019-2023), indicating a clean balance sheet in that regard.
- Consistent reporting of 0% officer compensation, suggesting a potentially volunteer-driven leadership or efficient executive cost management.
Frequently Asked Questions about Citibank Na Employees Association
Is Citibank Na Employees Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Citibank Na Employees Association (EIN: 132878534) significant concerns. Mission Score: 30/100. 5 red flags identified, 2 strengths noted.
How does Citibank Na Employees Association spend its money?
Citibank Na Employees Association directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Citibank Na Employees Association tax-deductible?
Citibank Na Employees Association is registered as a tax-exempt nonprofit (EIN: 132878534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization sustain operations with such large and consistent deficits?
The organization has been drawing down its assets significantly to cover expenses, as evidenced by the decline from $172 million in 2019 to $59 million in 2023. This is not a sustainable long-term strategy.
What is the primary source of the organization's revenue, given its fluctuating nature?
The provided data shows highly variable revenue, from $181,668 in 2021 to $317,526,825 in 2017. Without more detailed financial statements, the specific sources are unclear, but this volatility is a concern.
What are the specific programs or activities that account for the high expenses?
The IRS 990 data provided does not detail the breakdown of expenses into program, administrative, or fundraising categories, making it difficult to assess spending efficiency without further information.
Why is the NTEE code unknown for this organization?
An unknown NTEE code can make it challenging to understand the organization's primary purpose and compare its financial performance against peer organizations in the nonprofit sector.
Filing History
IRS 990 filing history for Citibank Na Employees Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Citibank Na Employees Association's revenue has grown by 72.6%, moving from $1.9M to $3.3M. Total assets increased by 733.5% over the same period, from $7.1M to $59.5M. Total functional expenses rose by 580.3%, from $3.2M to $21.9M. In its most recent filing year (2023), Citibank Na Employees Association reported a deficit of $18.6M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $21.9M | $59.5M | $0 | — | — |
| 2022 | $1.5M | $35.6M | $77.6M | $0 | — | View 990 |
| 2021 | $182K | $32.2M | $112.0M | $0 | — | View 990 |
| 2020 | $1.9M | $30.1M | $144.1M | $0 | — | View 990 |
| 2019 | $5.6M | $44.4M | $172.2M | $0 | — | View 990 |
| 2018 | $5.2M | $113.5M | $210.3M | $0 | — | View 990 |
| 2017 | $317.5M | $1.5M | $319.4M | $164K | — | View 990 |
| 2016 | $1.1M | $987K | $3.6M | $343K | — | View 990 |
| 2015 | $1.2M | $973K | $3.6M | $355K | — | View 990 |
| 2014 | $1.4M | $2.5M | $3.3M | $225K | — | View 990 |
| 2013 | $1.5M | $2.7M | $5.1M | $883K | — | View 990 |
| 2012 | $1.8M | $3.0M | $6.1M | $497K | — | View 990 |
| 2011 | $1.9M | $3.2M | $7.1M | $298K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $21.9M, and assets of $59.5M (revenue +123.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $35.6M, and assets of $77.6M (revenue +713.4% year-over-year).
- 2021: Revenue of $182K, expenses of $32.2M, and assets of $112.0M (revenue -90.2% year-over-year).
- 2020: Revenue of $1.9M, expenses of $30.1M, and assets of $144.1M (revenue -66.8% year-over-year).
- 2019: Revenue of $5.6M, expenses of $44.4M, and assets of $172.2M (revenue +8.2% year-over-year).
- 2018: Revenue of $5.2M, expenses of $113.5M, and assets of $210.3M (revenue -98.4% year-over-year).
- 2017: Revenue of $317.5M, expenses of $1.5M, and assets of $319.4M (revenue +29410.9% year-over-year).
- 2016: Revenue of $1.1M, expenses of $987K, and assets of $3.6M (revenue -12.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $973K, and assets of $3.6M (revenue -14.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $2.5M, and assets of $3.3M (revenue -6.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $2.7M, and assets of $5.1M (revenue -14.9% year-over-year).
- 2012: Revenue of $1.8M, expenses of $3.0M, and assets of $6.1M (revenue -5.4% year-over-year).
- 2011: Revenue of $1.9M, expenses of $3.2M, and assets of $7.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Citibank Na Employees Association:
Data Sources and Methodology
This transparency report for Citibank Na Employees Association 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.