Council Of Fashion Designers Of America Inc
Council Of Fashion Designers Of America Inc faces significant financial challenges with declining revenue and growing liabilities.
EIN: 136214741 · New York, NY · NTEE: S41Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Program Spending | 70% |
| Net Assets | $-4,503,710 |
| Transparency Score | 45/100 |
Is Council Of Fashion Designers Of America Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Council Of Fashion Designers Of America Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Council Of Fashion Designers Of America Inc
Council Of Fashion Designers Of America Inc (EIN: 136214741) is a nonprofit organization based in New York, NY, classified under NTEE code S41Z. The organization reported total revenue of $2.4M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Council Of Fashion Designers Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Council Of Fashion Designers Of America Inc is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-1,199,530 |
| Total Assets | $2.0M |
| Total Liabilities | $6.5M |
| Net Assets | $-4,503,710 |
| Operating Margin | -114.2% |
| Debt-to-Asset Ratio | 320.6% |
| Months of Reserves | 10.9 months |
Financial Health Grade: C
In 2023, Council Of Fashion Designers Of America Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 320.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Council Of Fashion Designers Of America Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.4% | -4.7% | +6.8% |
| 2022 | +0.1% | +11.2% | -15.3% |
| 2021 | -24.1% | -10.0% | -5.2% |
| 2020 | +0.9% | -32.7% | +16.4% |
| 2019 | -55.4% | -25.8% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1986 |
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 Council Of Fashion Designers Of America 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, Council Of Fashion Designers Of America 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 $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 320.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is a strong positive for transparency and 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 Council Of Fashion Designers Of America Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $1,199,530 in 2023, $970,581 in 2022).
- Significant decline in revenue over recent years (from $6.89M in 2016 to $1.05M in 2023).
- Liabilities ($6,545,667 in 2023) far exceed assets ($2,041,957), indicating potential insolvency.
- Negative net assets in recent years due to high liabilities.
Strengths
The following positive indicators were identified for Council Of Fashion Designers Of America Inc:
- Reports 0% officer compensation across all available filings, indicating no executive pay.
- Long history of IRS 990 filings (13 filings), suggesting consistent reporting.
Frequently Asked Questions about Council Of Fashion Designers Of America Inc
Is Council Of Fashion Designers Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Council Of Fashion Designers Of America Inc (EIN: 136214741) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Council Of Fashion Designers Of America Inc spend its money?
Council Of Fashion Designers Of America Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Council Of Fashion Designers Of America Inc tax-deductible?
Council Of Fashion Designers Of America Inc is registered as a tax-exempt nonprofit (EIN: 136214741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Council Of Fashion Designers Of America Inc's spending goes to programs?
Council Of Fashion Designers Of America Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Council Of Fashion Designers Of America Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Council Of Fashion Designers Of America Inc is near average for NTEE category S41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Council Of Fashion Designers Of America Inc located?
Council Of Fashion Designers Of America Inc is headquartered in New York, New York and files with the IRS under EIN 136214741. It is classified under NTEE code S41Z.
How many years of IRS 990 filings does Council Of Fashion Designers Of America Inc have?
Council Of Fashion Designers Of America 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 $2.4M in total revenue.
Is the Council Of Fashion Designers Of America Inc financially sustainable?
The organization's financial sustainability is questionable given the consistent operating deficits (e.g., $1,199,530 in 2023) and the substantial increase in liabilities ($6,545,667 in 2023) which far exceed its assets ($2,041,957).
Why have revenues declined so sharply since 2016?
Revenues have decreased from $6,890,981 in 2016 to $1,050,282 in 2023, representing an 84.7% drop. The filings do not provide specific reasons for this decline, but it is a critical factor impacting financial health.
What is the plan to address the growing liabilities?
Liabilities have increased significantly, from $1,507,606 in 2018 to $6,545,667 in 2023. The filings do not detail specific plans to manage or reduce this debt burden.
Filing History
IRS 990 filing history for Council Of Fashion Designers Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Council Of Fashion Designers Of America Inc's revenue has declined by 27.6%, moving from $1.5M to $1.1M. Total assets decreased by 9.4% over the same period, from $2.3M to $2.0M. Total functional expenses rose by 152.6%, from $891K to $2.2M. In its most recent filing year (2023), Council Of Fashion Designers Of America Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $6.5M in liabilities against $2.0M in assets (debt-to-asset ratio: 320.6%), resulting in net assets of $-4,503,710.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $2.2M | $2.0M | $6.5M | — | View 990 |
| 2022 | $1.4M | $2.4M | $1.9M | $5.2M | — | View 990 |
| 2021 | $1.4M | $2.1M | $2.3M | $4.4M | — | View 990 |
| 2020 | $1.8M | $2.4M | $2.4M | $3.6M | — | View 990 |
| 2019 | $1.8M | $3.5M | $2.0M | $2.9M | — | — |
| 2018 | $4.1M | $4.7M | $2.2M | $1.5M | — | View 990 |
| 2017 | $5.0M | $6.7M | $3.0M | $1.6M | — | View 990 |
| 2016 | $6.9M | $8.2M | $5.3M | $2.3M | — | View 990 |
| 2015 | $4.6M | $4.7M | $7.6M | $3.3M | — | View 990 |
| 2014 | $2.5M | $1.9M | $8.1M | $3.6M | — | View 990 |
| 2013 | $2.1M | $1.4M | $4.0M | $159K | — | View 990 |
| 2012 | $2.1M | $1.1M | $3.5M | $449K | — | View 990 |
| 2011 | $1.5M | $891K | $2.3M | $207K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $2.2M, and assets of $2.0M (revenue -24.4% year-over-year).
- 2022: Revenue of $1.4M, expenses of $2.4M, and assets of $1.9M (revenue +0.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $2.1M, and assets of $2.3M (revenue -24.1% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.4M, and assets of $2.4M (revenue +0.9% year-over-year).
- 2019: Revenue of $1.8M, expenses of $3.5M, and assets of $2.0M (revenue -55.4% year-over-year).
- 2018: Revenue of $4.1M, expenses of $4.7M, and assets of $2.2M (revenue -18.9% year-over-year).
- 2017: Revenue of $5.0M, expenses of $6.7M, and assets of $3.0M (revenue -27.2% year-over-year).
- 2016: Revenue of $6.9M, expenses of $8.2M, and assets of $5.3M (revenue +50.6% year-over-year).
- 2015: Revenue of $4.6M, expenses of $4.7M, and assets of $7.6M (revenue +85.7% year-over-year).
- 2014: Revenue of $2.5M, expenses of $1.9M, and assets of $8.1M (revenue +18.6% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.4M, and assets of $4.0M (revenue -0.7% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.1M, and assets of $3.5M (revenue +44.3% year-over-year).
- 2011: Revenue of $1.5M, expenses of $891K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Council Of Fashion Designers Of America Inc:
Data Sources and Methodology
This transparency report for Council Of Fashion Designers Of America 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.