Community Association Of The East Harlem Triangle Inc
East Harlem Triangle Association Faces Persistent Deficits Despite Substantial Assets.
EIN: 132551868 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $81K |
| Program Spending | 70% |
| Net Assets | $2.3M |
| Transparency Score | 45/100 |
Is Community Association Of The East Harlem Triangle Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Association Of The East Harlem Triangle Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Community Association Of The East Harlem Triangle Inc
Community Association Of The East Harlem Triangle Inc (EIN: 132551868) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.0M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Association Of The East Harlem Triangle Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Association Of The East Harlem Triangle Inc is a mid-size nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $81K |
| Surplus / Deficit | $-61,057 |
| Total Assets | $2.3M |
| Total Liabilities | $56K |
| Net Assets | $2.3M |
| Operating Margin | -302.5% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 344.5 months |
Financial Health Grade: B
In 2023, Community Association Of The East Harlem Triangle Inc reported a deficit of $61K with expenses exceeding revenue, holds 344.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Association Of The East Harlem Triangle Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.9% | -82.2% | -1.5% |
| 2022 | -23.7% | +96.9% | -15.9% |
| 2021 | -36.3% | +32.8% | -7.6% |
| 2020 | -0.3% | +1.2% | -2.8% |
| 2019 | +99.4% | +6.5% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 Community Association Of The East Harlem Triangle Inc with a Mission Score of 45 out of 100 (Fair). 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, Community Association Of The East Harlem Triangle Inc 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 $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is not drawing a salary from the nonprofit, which is a positive sign for resource allocation.
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 Community Association Of The East Harlem Triangle Inc's IRS 990 filings:
- Consistent and significant operational deficits (expenses far exceeding revenue in most recent years, e.g., 2022 expenses $455,378 vs. revenue $26,169).
- Dramatic and sustained decline in revenue after 2014, without a corresponding reduction in expenses.
- Potential reliance on drawing down assets to cover operational costs, which is unsustainable.
Strengths
The following positive indicators were identified for Community Association Of The East Harlem Triangle Inc:
- No reported officer compensation, indicating a volunteer or unpaid leadership structure.
- Substantial asset base ($4,313,797) provides a buffer, though it is being depleted by deficits.
Frequently Asked Questions about Community Association Of The East Harlem Triangle Inc
Is Community Association Of The East Harlem Triangle Inc a legitimate charity?
Community Association Of The East Harlem Triangle Inc (EIN: 132551868) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Community Association Of The East Harlem Triangle Inc spend its money?
Community Association Of The East Harlem Triangle Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Community Association Of The East Harlem Triangle Inc tax-deductible?
Community Association Of The East Harlem Triangle Inc is registered as a tax-exempt nonprofit (EIN: 132551868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Community Association Of The East Harlem Triangle Inc's spending goes to programs?
Community Association Of The East Harlem Triangle Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Community Association Of The East Harlem Triangle Inc located?
Community Association Of The East Harlem Triangle Inc is headquartered in New York, New York and files with the IRS under EIN 132551868.
How many years of IRS 990 filings does Community Association Of The East Harlem Triangle Inc have?
Community Association Of The East Harlem Triangle 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 $2.0M in total revenue.
Is Community Association Of The East Harlem Triangle Inc. financially sustainable?
The organization's financial sustainability is questionable given that expenses have consistently and significantly outpaced revenue in most recent years (e.g., $455,378 expenses vs. $26,169 revenue in 2022). This trend suggests a reliance on past reserves or other undisclosed funding sources, which is not a sustainable long-term model.
What caused the dramatic drop in revenue after 2014?
The provided data shows a significant drop in revenue from $3,364,719 in 2014 to $41,495 in 2015, and it has remained low since. The reason for this drastic change is not apparent from the available IRS 990 summary data and would require further investigation into the organization's funding sources and activities during that period.
How does the organization cover its operational deficits?
With expenses consistently exceeding revenue, the organization appears to be covering its operational deficits by drawing down on its assets. While assets are still substantial at $4,313,797, this is not a sustainable practice without a significant increase in revenue or reduction in expenses.
Filing History
IRS 990 filing history for Community Association Of The East Harlem Triangle Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Association Of The East Harlem Triangle Inc's revenue has declined by 62.7%, moving from $54K to $20K. Total assets increased by 2790.4% over the same period, from $81K to $2.3M. Total functional expenses rose by 304.1%, from $20K to $81K. In its most recent filing year (2023), Community Association Of The East Harlem Triangle Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $56K in liabilities against $2.3M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20K | $81K | $2.3M | $56K | — | — |
| 2022 | $26K | $455K | $2.4M | $52K | — | View 990 |
| 2021 | $34K | $231K | $2.8M | $14K | — | View 990 |
| 2020 | $54K | $174K | $3.0M | $11K | — | View 990 |
| 2019 | $54K | $172K | $3.1M | $8K | — | View 990 |
| 2018 | $27K | $162K | $3.2M | $11K | — | View 990 |
| 2017 | $43K | $146K | $3.4M | $11K | — | View 990 |
| 2016 | $51K | $62K | $3.5M | $14K | — | View 990 |
| 2015 | $41K | $85K | $3.5M | $10K | — | View 990 |
| 2014 | $3.4M | $43K | $3.5M | $10K | — | View 990 |
| 2013 | $132K | $25K | $180K | $7K | — | View 990 |
| 2012 | $27K | $36K | $72K | $7K | — | View 990 |
| 2011 | $54K | $20K | $81K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20K, expenses of $81K, and assets of $2.3M (revenue -22.9% year-over-year).
- 2022: Revenue of $26K, expenses of $455K, and assets of $2.4M (revenue -23.7% year-over-year).
- 2021: Revenue of $34K, expenses of $231K, and assets of $2.8M (revenue -36.3% year-over-year).
- 2020: Revenue of $54K, expenses of $174K, and assets of $3.0M (revenue -0.3% year-over-year).
- 2019: Revenue of $54K, expenses of $172K, and assets of $3.1M (revenue +99.4% year-over-year).
- 2018: Revenue of $27K, expenses of $162K, and assets of $3.2M (revenue -36.7% year-over-year).
- 2017: Revenue of $43K, expenses of $146K, and assets of $3.4M (revenue -15.7% year-over-year).
- 2016: Revenue of $51K, expenses of $62K, and assets of $3.5M (revenue +22.3% year-over-year).
- 2015: Revenue of $41K, expenses of $85K, and assets of $3.5M (revenue -98.8% year-over-year).
- 2014: Revenue of $3.4M, expenses of $43K, and assets of $3.5M (revenue +2442.3% year-over-year).
- 2013: Revenue of $132K, expenses of $25K, and assets of $180K (revenue +384.1% year-over-year).
- 2012: Revenue of $27K, expenses of $36K, and assets of $72K (revenue -49.5% year-over-year).
- 2011: Revenue of $54K, expenses of $20K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Association Of The East Harlem Triangle Inc:
Data Sources and Methodology
This transparency report for Community Association Of The East Harlem Triangle 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.