Colonie Youth Center Inc
Colonie Youth Center Inc maintains strong assets despite frequent operating deficits and reports no officer compensation.
EIN: 141492095 · Latham, NY · NTEE: O20Z · Updated: 2026-03-28
Is Colonie Youth Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Colonie Youth Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Colonie Youth Center Inc
Colonie Youth Center Inc (EIN: 141492095) is a nonprofit organization based in Latham, NY, classified under NTEE code O20Z. The organization reported total revenue of $6.6M and total assets of $12.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colonie Youth Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Colonie Youth Center Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Colonie Youth Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $6 million and assets over $12 million. This suggests either a volunteer leadership structure or compensation is categorized differently, 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 Colonie Youth Center Inc's IRS 990 filings:
- Frequent annual operating deficits (expenses exceeding revenue)
- Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual leadership costs.
Strengths
The following positive indicators were identified for Colonie Youth Center Inc:
- Strong and growing asset base, consistently exceeding liabilities (e.g., $13,398,464 assets in 202312).
- Significant revenue growth in recent years, from $3.1M in 2020 to $6.5M in 2023.
- Consistent NTEE code (O20Z) suggests a focused mission on youth development.
- Long filing history (13 filings) indicates established operations and compliance.
Frequently Asked Questions about Colonie Youth Center Inc
Is Colonie Youth Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Colonie Youth Center Inc (EIN: 141492095) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Colonie Youth Center Inc spend its money?
Colonie Youth Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Colonie Youth Center Inc tax-deductible?
Colonie Youth Center Inc is registered as a tax-exempt nonprofit (EIN: 141492095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Colonie Youth Center Inc financially stable?
Yes, the organization appears financially stable with assets consistently exceeding liabilities. For example, in 202312, assets were $13,398,464 against liabilities of $9,223,496. However, it frequently operates with expenses exceeding revenue on an annual basis.
How does Colonie Youth Center Inc manage executive compensation?
Colonie Youth Center Inc reports 0% officer compensation in all available IRS 990 filings, which is highly uncommon for an organization of its size. This suggests either a volunteer leadership or that compensation is reported under different expense categories.
Has the organization's revenue been growing?
Revenue has shown growth over the past few years, increasing from $3,152,607 in 202012 to $6,561,542 in 202312, indicating an expanding operational scale.
Does Colonie Youth Center Inc spend more than it earns?
In several recent periods, including 202312 ($6,665,993 expenses vs. $6,561,542 revenue) and 202212 ($5,869,303 expenses vs. $5,480,301 revenue), the organization's expenses have exceeded its revenue for the year.
Filing History
IRS 990 filing history for Colonie Youth Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Colonie Youth Center Inc's revenue has grown by 33%, moving from $4.9M to $6.6M. Total assets increased by 3.2% over the same period, from $13.0M to $13.4M. Total functional expenses rose by 34.3%, from $5.0M to $6.7M. In its most recent filing year (2023), Colonie Youth Center Inc reported a deficit of $104K, with expenses exceeding revenue. The organization holds $9.2M in liabilities against $13.4M in assets (debt-to-asset ratio: 68.8%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $6.7M | $13.4M | $9.2M | — | View 990 |
| 2022 | $5.5M | $5.9M | $12.7M | $9.0M | — | — |
| 2021 | $4.7M | $4.7M | $13.1M | $9.1M | — | View 990 |
| 2020 | $3.2M | $4.5M | $13.1M | $9.1M | — | — |
| 2019 | $6.0M | $6.5M | $13.9M | $8.6M | — | View 990 |
| 2018 | $6.1M | $6.3M | $13.9M | $8.1M | — | View 990 |
| 2017 | $6.1M | $6.3M | $12.9M | $6.8M | — | View 990 |
| 2016 | $7.6M | $6.4M | $13.2M | $6.9M | — | View 990 |
| 2015 | $5.9M | $6.1M | $12.3M | $7.2M | — | View 990 |
| 2014 | $5.8M | $5.8M | $12.8M | $7.6M | — | View 990 |
| 2013 | $5.6M | $5.5M | $13.0M | $7.7M | — | View 990 |
| 2012 | $5.1M | $5.0M | $12.6M | $13.6M | — | View 990 |
| 2011 | $4.9M | $5.0M | $13.0M | $14.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $6.7M, and assets of $13.4M (revenue +19.7% year-over-year).
- 2022: Revenue of $5.5M, expenses of $5.9M, and assets of $12.7M (revenue +15.4% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.7M, and assets of $13.1M (revenue +50.6% year-over-year).
- 2020: Revenue of $3.2M, expenses of $4.5M, and assets of $13.1M (revenue -47.6% year-over-year).
- 2019: Revenue of $6.0M, expenses of $6.5M, and assets of $13.9M (revenue -1.4% year-over-year).
- 2018: Revenue of $6.1M, expenses of $6.3M, and assets of $13.9M (revenue -0.1% year-over-year).
- 2017: Revenue of $6.1M, expenses of $6.3M, and assets of $12.9M (revenue -19.6% year-over-year).
- 2016: Revenue of $7.6M, expenses of $6.4M, and assets of $13.2M (revenue +28.1% year-over-year).
- 2015: Revenue of $5.9M, expenses of $6.1M, and assets of $12.3M (revenue +1.4% year-over-year).
- 2014: Revenue of $5.8M, expenses of $5.8M, and assets of $12.8M (revenue +3.9% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.5M, and assets of $13.0M (revenue +10.5% year-over-year).
- 2012: Revenue of $5.1M, expenses of $5.0M, and assets of $12.6M (revenue +3.1% year-over-year).
- 2011: Revenue of $4.9M, expenses of $5.0M, and assets of $13.0M.
Data Sources and Methodology
This transparency report for Colonie Youth Center 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.