Coro New York Leadership Center
Coro New York Leadership Center shows fluctuating revenues and occasional operating deficits over the past decade.
EIN: 133571610 · New York, NY · NTEE: R99Z · Updated: 2026-03-28
Is Coro New York Leadership Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coro New York Leadership Center directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Coro New York Leadership Center
Coro New York Leadership Center (EIN: 133571610) is a nonprofit organization based in New York, NY, classified under NTEE code R99Z. The organization reported total revenue of $1.7M and total assets of $667K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coro New York Leadership Center'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 Coro New York Leadership Center with a Mission Score of 70 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Coro New York Leadership Center allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation in its IRS 990 filings, which suggests either that no compensation is paid to officers or that it is reported in a different category not captured by this metric. This indicates a high level of transparency regarding executive pay, or a need for further investigation into how executive compensation is categorized.
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 Coro New York Leadership Center's IRS 990 filings:
- Inconsistent revenue stream with significant drops in recent periods.
- Occasional large operating deficits, such as the $487,147 deficit in 202106 (Revenue $1,726,368 vs. Expenses $2,213,515).
Strengths
The following positive indicators were identified for Coro New York Leadership Center:
- Consistent reporting of 0% officer compensation, indicating transparency or a unique compensation structure.
- Maintained significant asset levels, reaching over $1 million in 202206, providing some financial cushion.
- Long history of IRS 990 filings (12 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Coro New York Leadership Center
Is Coro New York Leadership Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Coro New York Leadership Center (EIN: 133571610) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Coro New York Leadership Center spend its money?
Coro New York Leadership Center directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Coro New York Leadership Center tax-deductible?
Coro New York Leadership Center is registered as a tax-exempt nonprofit (EIN: 133571610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Coro New York Leadership Center financially stable given its fluctuating revenues?
While Coro New York Leadership Center has experienced periods of operating deficits, such as in 202106 where expenses exceeded revenue by $487,147, its assets have generally remained strong, reaching over $1 million in 202206. This suggests some underlying financial resilience, but consistent deficits could erode reserves over time.
What is the trend in Coro New York Leadership Center's revenue?
Coro New York Leadership Center's revenue has fluctuated over the past decade. After reaching a high of $2,857,683 in 201506, it has seen periods of decline, with the latest reported revenue of $1,712,981 being lower than the $2,482,361 reported in 202206, indicating a recent downward trend.
How does Coro New York Leadership Center's asset growth compare to its liabilities?
In 202206, Coro New York Leadership Center reported assets of $1,024,004 against liabilities of $727,910, indicating a healthy asset-to-liability ratio. However, liabilities have also seen increases, such as reaching $1,164,179 in 202106, which exceeded assets in that period.
Filing History
IRS 990 filing history for Coro New York Leadership Center showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Coro New York Leadership Center's revenue has grown by 44.7%, moving from $1.7M to $2.5M. Total assets increased by 167.2% over the same period, from $383K to $1.0M. Total functional expenses rose by 38.9%, from $1.6M to $2.2M. In its most recent filing year (2022), Coro New York Leadership Center reported a surplus of $265K, with revenue exceeding expenses. The organization holds $728K in liabilities against $1.0M in assets (debt-to-asset ratio: 71.1%), resulting in net assets of $296K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $2.5M | $2.2M | $1.0M | $728K | — | View 990 |
| 2021 | $1.7M | $2.2M | $1.3M | $1.2M | — | View 990 |
| 2020 | $2.2M | $2.7M | $1.3M | $722K | — | View 990 |
| 2019 | $2.7M | $2.7M | $1.8M | $564K | — | View 990 |
| 2018 | $2.6M | $2.6M | $1.8M | $614K | — | View 990 |
| 2017 | $2.6M | $2.6M | $1.5M | $346K | — | View 990 |
| 2016 | $2.7M | $2.7M | $1.4M | $284K | — | View 990 |
| 2015 | $2.9M | $2.4M | $1.4M | $162K | — | View 990 |
| 2014 | $2.1M | $2.2M | $935K | $196K | — | View 990 |
| 2013 | $2.4M | $2.2M | $1.1M | $258K | — | View 990 |
| 2012 | $2.3M | $1.8M | $895K | $273K | — | View 990 |
| 2011 | $1.7M | $1.6M | $383K | $244K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.5M, expenses of $2.2M, and assets of $1.0M (revenue +43.8% year-over-year).
- 2021: Revenue of $1.7M, expenses of $2.2M, and assets of $1.3M (revenue -21.4% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.7M, and assets of $1.3M (revenue -19.0% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.7M, and assets of $1.8M (revenue +5.6% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.6M, and assets of $1.8M (revenue -1.3% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $1.5M (revenue -2.2% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.7M, and assets of $1.4M (revenue -6.9% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.4M, and assets of $1.4M (revenue +38.0% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.2M, and assets of $935K (revenue -13.3% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.2M, and assets of $1.1M (revenue +5.9% year-over-year).
- 2012: Revenue of $2.3M, expenses of $1.8M, and assets of $895K (revenue +31.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.6M, and assets of $383K.
Data Sources and Methodology
This transparency report for Coro New York Leadership Center 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.