Correction Officers Benevolent Association Security Benefits
Correction Officers Benevolent Association Security Benefits shows strong asset growth but recent years indicate expenses exceeding revenue.
EIN: 136163565 · East Elmhurst, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.7M |
| Total Expenses | $17.1M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $20.8M |
| Transparency Score | 65/100 |
Is Correction Officers Benevolent Association Security Benefits 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 Security Benefits directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Correction Officers Benevolent Association Security Benefits
Correction Officers Benevolent Association Security Benefits (EIN: 136163565) is a nonprofit organization based in East Elmhurst, NY. The organization reported total revenue of $10.7M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Correction Officers Benevolent Association Security Benefits's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Correction Officers Benevolent Association Security Benefits is a large nonprofit that has been operating for 62 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.5M |
| Total Expenses | $17.1M |
| Surplus / Deficit | $-1,554,897 |
| Total Assets | $20.9M |
| Total Liabilities | $68K |
| Net Assets | $20.8M |
| Operating Margin | -10.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 14.7 months |
Financial Health Grade: B
In 2022, Correction Officers Benevolent Association Security Benefits reported a deficit of $1.6M with expenses exceeding revenue, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Correction Officers Benevolent Association Security Benefits's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -5.8% | -1.7% | -6.8% |
| 2021 | -30.4% | -2.1% | -4.0% |
| 2020 | +14.7% | -3.6% | +34.2% |
| 2019 | +2.3% | -3.5% | +12.8% |
| 2018 | +8.2% | +5.1% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Security Benefits 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Correction Officers Benevolent Association Security Benefits allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with annual revenues exceeding $10 million. This suggests that executive compensation may be reported under other expense categories or is genuinely absent, warranting further investigation for a complete financial picture.
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 Security Benefits's IRS 990 filings:
- Expenses exceeding revenue in recent years (e.g., 2022: $17.0M expenses vs. $15.5M revenue)
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate reporting discrepancies or alternative compensation structures.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, limiting transparency assessment.
Strengths
The following positive indicators were identified for Correction Officers Benevolent Association Security Benefits:
- Strong and growing asset base, reaching $20.8 million in 2022.
- Consistent filing history of IRS Form 990s (12 filings), indicating compliance.
- Significant revenue generation over a decade, consistently in the multi-millions.
Frequently Asked Questions about Correction Officers Benevolent Association Security Benefits
Is Correction Officers Benevolent Association Security Benefits a legitimate charity?
Based on AI analysis of IRS 990 filings, Correction Officers Benevolent Association Security Benefits (EIN: 136163565) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Correction Officers Benevolent Association Security Benefits spend its money?
Correction Officers Benevolent Association Security Benefits directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Correction Officers Benevolent Association Security Benefits tax-deductible?
Correction Officers Benevolent Association Security Benefits is registered as a tax-exempt nonprofit (EIN: 136163565). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Correction Officers Benevolent Association Security Benefits CEO make?
Correction Officers Benevolent Association Security Benefits's highest-compensated officer earns $10 annually. The organization reported $10.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Correction Officers Benevolent Association Security Benefits's spending goes to programs?
Correction Officers Benevolent Association Security Benefits directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Correction Officers Benevolent Association Security Benefits located?
Correction Officers Benevolent Association Security Benefits is headquartered in East Elmhurst, New York and files with the IRS under EIN 136163565.
How many years of IRS 990 filings does Correction Officers Benevolent Association Security Benefits have?
Correction Officers Benevolent Association Security Benefits has 12 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 $10.7M in total revenue.
Is Correction Officers Benevolent Association Security Benefits financially stable?
While the organization has substantial assets ($20.8 million in 2022) and a history of high revenue, recent years (2021, 2022) show expenses exceeding revenue, which could impact long-term stability if not addressed.
How does the organization spend its money?
Without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise answer is not possible. However, the general trend of high expenses relative to revenue suggests significant operational costs.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation is unusual for an organization of this scale. It could mean compensation is reported under different categories, or that officers are unpaid, which would require reviewing the full 990 forms for clarification.
Has the organization's revenue been consistent?
Revenue has fluctuated, ranging from a low of $15.5 million in 2022 to a high of $23.6 million in 2020 over the past decade, indicating some variability in its income streams.
Filing History
IRS 990 filing history for Correction Officers Benevolent Association Security Benefits showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Correction Officers Benevolent Association Security Benefits's revenue has grown by 1.8%, moving from $15.2M to $15.5M. Total assets increased by 62.4% over the same period, from $12.9M to $20.9M. Total functional expenses rose by 12.5%, from $15.2M to $17.1M. In its most recent filing year (2022), Correction Officers Benevolent Association Security Benefits reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $68K in liabilities against $20.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $20.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $15.5M | $17.1M | $20.9M | $68K | — | View 990 |
| 2021 | $16.5M | $17.4M | $22.4M | $25K | — | View 990 |
| 2020 | $23.7M | $17.7M | $23.3M | $69K | — | — |
| 2019 | $20.6M | $18.4M | $17.4M | $41K | — | View 990 |
| 2018 | $20.2M | $19.1M | $15.4M | $282K | — | View 990 |
| 2017 | $18.6M | $18.2M | $14.1M | $44K | — | — |
| 2016 | $17.8M | $18.0M | $13.6M | $32K | — | View 990 |
| 2015 | $16.3M | $16.8M | $14.0M | $176K | — | View 990 |
| 2014 | $16.3M | $16.0M | $14.5M | $138K | — | View 990 |
| 2013 | $16.3M | $15.6M | $14.2M | $166K | — | View 990 |
| 2012 | $15.3M | $14.5M | $13.3M | $48K | — | View 990 |
| 2011 | $15.2M | $15.2M | $12.9M | $382K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $15.5M, expenses of $17.1M, and assets of $20.9M (revenue -5.8% year-over-year).
- 2021: Revenue of $16.5M, expenses of $17.4M, and assets of $22.4M (revenue -30.4% year-over-year).
- 2020: Revenue of $23.7M, expenses of $17.7M, and assets of $23.3M (revenue +14.7% year-over-year).
- 2019: Revenue of $20.6M, expenses of $18.4M, and assets of $17.4M (revenue +2.3% year-over-year).
- 2018: Revenue of $20.2M, expenses of $19.1M, and assets of $15.4M (revenue +8.2% year-over-year).
- 2017: Revenue of $18.6M, expenses of $18.2M, and assets of $14.1M (revenue +4.8% year-over-year).
- 2016: Revenue of $17.8M, expenses of $18.0M, and assets of $13.6M (revenue +9.4% year-over-year).
- 2015: Revenue of $16.3M, expenses of $16.8M, and assets of $14.0M (revenue -0.4% year-over-year).
- 2014: Revenue of $16.3M, expenses of $16.0M, and assets of $14.5M (revenue -0.1% year-over-year).
- 2013: Revenue of $16.3M, expenses of $15.6M, and assets of $14.2M (revenue +6.8% year-over-year).
- 2012: Revenue of $15.3M, expenses of $14.5M, and assets of $13.3M (revenue +0.3% year-over-year).
- 2011: Revenue of $15.2M, expenses of $15.2M, and assets of $12.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Correction Officers Benevolent Association Security Benefits:
Data Sources and Methodology
This transparency report for Correction Officers Benevolent Association Security Benefits 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.