Correction Officers Benevolent Association Inc
Correction Officers Benevolent Association sees declining revenue and increasing liabilities in recent years.
EIN: 133097380 · East Elmhurst, NY · NTEE: J40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $8.0M |
| Program Spending | 80% |
| Net Assets | $7.5M |
| Transparency Score | 65/100 |
Is Correction Officers Benevolent Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Correction Officers Benevolent Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Correction Officers Benevolent Association Inc
Correction Officers Benevolent Association Inc (EIN: 133097380) is a nonprofit organization based in East Elmhurst, NY, classified under NTEE code J40. The organization reported total revenue of $6.4M and total assets of $10.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Correction Officers Benevolent Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Correction Officers Benevolent Association Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $8.0M |
| Surplus / Deficit | $-1,050,187 |
| Total Assets | $10.1M |
| Total Liabilities | $2.6M |
| Net Assets | $7.5M |
| Operating Margin | -15.2% |
| Debt-to-Asset Ratio | 25.5% |
| Months of Reserves | 15.1 months |
Financial Health Grade: B
In 2023, Correction Officers Benevolent Association Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 25.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Correction Officers Benevolent Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.3% | -11.8% | +15.0% |
| 2022 | -8.7% | +2.1% | -2.6% |
| 2021 | -9.2% | -15.3% | +21.0% |
| 2020 | -7.0% | -1.7% | +12.8% |
| 2019 | -3.4% | -11.5% | +21.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Correction Officers Benevolent Association Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Correction Officers Benevolent Association 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size and revenue, and suggests volunteer leadership or compensation structured in a non-officer capacity.
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 Correction Officers Benevolent Association Inc's IRS 990 filings:
- Significant and consistent decline in revenue over the past five years, from $12.4M in 2018 to $6.9M in 2023.
- Expenses exceeding revenue in the latest filing period (202306: $7.9M expenses vs. $6.9M revenue), indicating a deficit.
- Dramatic increase in liabilities from $197,993 in 2022 to $2,561,709 in 2023, requiring further explanation.
- Consistent 0% officer compensation, which, while seemingly positive, can sometimes obscure how leadership is truly compensated or sustained in an organization of this size.
Strengths
The following positive indicators were identified for Correction Officers Benevolent Association Inc:
- Consistent growth in assets from $4.4 million in 2016 to over $10 million in 2023, indicating some financial stability despite revenue declines.
- Regular filing of IRS Form 990s, demonstrating a commitment to regulatory transparency.
- Maintains a substantial asset base ($10,859,116 latest reported) which provides a buffer against operational deficits.
Frequently Asked Questions about Correction Officers Benevolent Association Inc
Is Correction Officers Benevolent Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Correction Officers Benevolent Association Inc (EIN: 133097380) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Correction Officers Benevolent Association Inc spend its money?
Correction Officers Benevolent Association Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Correction Officers Benevolent Association Inc tax-deductible?
Correction Officers Benevolent Association Inc is registered as a tax-exempt nonprofit (EIN: 133097380). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Correction Officers Benevolent Association Inc's spending goes to programs?
Correction Officers Benevolent Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Correction Officers Benevolent Association Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Correction Officers Benevolent Association Inc is above average for NTEE category J40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Correction Officers Benevolent Association Inc located?
Correction Officers Benevolent Association Inc is headquartered in East Elmhurst, New York and files with the IRS under EIN 133097380. It is classified under NTEE code J40.
How many years of IRS 990 filings does Correction Officers Benevolent Association Inc have?
Correction Officers Benevolent Association 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 $6.4M in total revenue.
Why has the organization's revenue declined significantly from $12.4 million in 2018 to $6.9 million in 2023?
The provided data shows a consistent downward trend in revenue over the past five years, suggesting a potential decrease in membership dues, investment income, or other funding sources that would require further investigation into the organization's financial statements.
What caused the substantial increase in liabilities from $197,993 in 2022 to $2,561,709 in 2023?
The dramatic rise in liabilities in the most recent filing period is a significant concern and could indicate new debt, deferred revenue, or other financial obligations that warrant a detailed review of the balance sheet and accompanying notes.
How does the organization manage to operate with 0% reported officer compensation?
The consistent reporting of zero officer compensation suggests that leadership may be entirely volunteer-based, compensated through other means not classified as 'officer compensation' on the 990, or that the organization's structure allows for this arrangement, which is uncommon for an entity of this scale.
Are the expenses exceeding revenue in recent years sustainable for the organization?
In 2023, expenses ($7,972,772) exceeded revenue ($6,922,585), leading to a deficit. While the organization has substantial assets ($10,064,520), a sustained pattern of spending more than it earns could erode its financial reserves over time.
What are the primary 'program' activities that the Correction Officers Benevolent Association Inc funds?
As a benevolent association, its programs likely include member benefits, legal defense funds, advocacy, and support services for correction officers. However, the specific breakdown of these activities and their associated costs is not detailed in the provided summary data.
Filing History
IRS 990 filing history for Correction Officers Benevolent Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Correction Officers Benevolent Association Inc's revenue has declined by 29.8%, moving from $9.9M to $6.9M. Total assets decreased by 16.1% over the same period, from $12.0M to $10.1M. Total functional expenses rose by 5.4%, from $7.6M to $8.0M. In its most recent filing year (2023), Correction Officers Benevolent Association Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $10.1M in assets (debt-to-asset ratio: 25.5%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $8.0M | $10.1M | $2.6M | — | View 990 |
| 2022 | $9.3M | $9.0M | $8.8M | $198K | — | View 990 |
| 2021 | $10.1M | $8.9M | $9.0M | $663K | — | View 990 |
| 2020 | $11.2M | $10.5M | $7.4M | $402K | — | — |
| 2019 | $12.0M | $10.6M | $6.6M | $283K | — | View 990 |
| 2018 | $12.4M | $12.0M | $5.4M | $509K | — | View 990 |
| 2017 | $11.8M | $10.9M | $4.8M | $283K | — | View 990 |
| 2016 | $10.9M | $12.6M | $4.4M | $810K | — | View 990 |
| 2015 | $10.3M | $12.4M | $10.9M | $685K | — | View 990 |
| 2014 | $10.7M | $10.8M | $12.5M | $618K | — | View 990 |
| 2013 | $10.1M | $9.9M | $12.3M | $358K | — | View 990 |
| 2012 | $9.6M | $9.4M | $12.3M | $601K | — | View 990 |
| 2011 | $9.9M | $7.6M | $12.0M | $594K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $8.0M, and assets of $10.1M (revenue -25.3% year-over-year).
- 2022: Revenue of $9.3M, expenses of $9.0M, and assets of $8.8M (revenue -8.7% year-over-year).
- 2021: Revenue of $10.1M, expenses of $8.9M, and assets of $9.0M (revenue -9.2% year-over-year).
- 2020: Revenue of $11.2M, expenses of $10.5M, and assets of $7.4M (revenue -7.0% year-over-year).
- 2019: Revenue of $12.0M, expenses of $10.6M, and assets of $6.6M (revenue -3.4% year-over-year).
- 2018: Revenue of $12.4M, expenses of $12.0M, and assets of $5.4M (revenue +5.7% year-over-year).
- 2017: Revenue of $11.8M, expenses of $10.9M, and assets of $4.8M (revenue +7.9% year-over-year).
- 2016: Revenue of $10.9M, expenses of $12.6M, and assets of $4.4M (revenue +5.8% year-over-year).
- 2015: Revenue of $10.3M, expenses of $12.4M, and assets of $10.9M (revenue -3.7% year-over-year).
- 2014: Revenue of $10.7M, expenses of $10.8M, and assets of $12.5M (revenue +5.8% year-over-year).
- 2013: Revenue of $10.1M, expenses of $9.9M, and assets of $12.3M (revenue +4.8% year-over-year).
- 2012: Revenue of $9.6M, expenses of $9.4M, and assets of $12.3M (revenue -2.3% year-over-year).
- 2011: Revenue of $9.9M, expenses of $7.6M, and assets of $12.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Correction Officers Benevolent Association Inc:
Data Sources and Methodology
This transparency report for Correction Officers Benevolent Association 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.