District Council 37 Educational Fund
District Council 37 Educational Fund consistently operates at break-even with growing assets and no reported officer compensation.
EIN: 132686582 · New York, NY · NTEE: J220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.8M |
| Total Expenses | $7.5M |
| Program Spending | 90% |
| Net Assets | $0 |
| Transparency Score | 85/100 |
Is District Council 37 Educational Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
District Council 37 Educational Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About District Council 37 Educational Fund
District Council 37 Educational Fund (EIN: 132686582) is a nonprofit organization based in New York, NY, classified under NTEE code J220. The organization reported total revenue of $7.8M and total assets of $10.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of District Council 37 Educational Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
District Council 37 Educational Fund is a mid-size nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.5M |
| Total Expenses | $7.5M |
| Surplus / Deficit | +$0 |
| Total Assets | $10.1M |
| Total Liabilities | $10.1M |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 16.2 months |
Financial Health Grade: B
In 2023, District Council 37 Educational Fund reported a surplus of $0 with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), District Council 37 Educational Fund's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | +2.5% | +0.6% |
| 2022 | -2.9% | -2.9% | +7.0% |
| 2021 | -1.7% | -1.7% | +14.2% |
| 2020 | +9.1% | +9.1% | +7.4% |
| 2019 | -9.0% | -9.0% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1973 |
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 District Council 37 Educational Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, District Council 37 Educational Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated by a related entity, which significantly reduces administrative overhead.
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 District Council 37 Educational Fund's IRS 990 filings:
- Liabilities consistently match assets, suggesting potential reliance on restricted funds or specific financial structures that warrant further investigation into the balance sheet details.
Strengths
The following positive indicators were identified for District Council 37 Educational Fund:
- Consistent break-even financial operations, indicating effective budget management.
- Steady growth in assets over the past decade, from $5.5M in 2014 to over $10.1M in 2023.
- No reported officer compensation, suggesting very low or non-existent executive salary overhead.
- Strong program focus implied by the consistent expenditure of all revenue, likely directly towards its educational mission.
Frequently Asked Questions about District Council 37 Educational Fund
Is District Council 37 Educational Fund a legitimate charity?
District Council 37 Educational Fund (EIN: 132686582) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.8M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does District Council 37 Educational Fund spend its money?
District Council 37 Educational Fund directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to District Council 37 Educational Fund tax-deductible?
District Council 37 Educational Fund is registered as a tax-exempt nonprofit (EIN: 132686582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does District Council 37 Educational Fund compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), District Council 37 Educational Fund is above average for NTEE category J220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is District Council 37 Educational Fund located?
District Council 37 Educational Fund is headquartered in New York, New York and files with the IRS under EIN 132686582. It is classified under NTEE code J220.
How many years of IRS 990 filings does District Council 37 Educational Fund have?
District Council 37 Educational Fund 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 $7.8M in total revenue.
Is District Council 37 Educational Fund financially stable?
Yes, the organization appears financially stable, consistently operating at a break-even point where revenue equals expenses, and demonstrating steady asset growth from $5.5 million in 2014 to over $10.1 million in 2023.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its executive leadership is likely volunteer-based or compensated through an external arrangement, which is a positive for minimizing administrative costs.
What is the trend in the organization's assets and liabilities?
Assets have shown consistent growth, from $5,500,018 in 2014 to $10,139,703 in 2023. However, liabilities have mirrored this growth, suggesting that a significant portion of assets may be offset by corresponding obligations.
Does the organization spend efficiently?
Based on the consistent break-even financials where expenses equal revenue, the organization appears to spend efficiently, utilizing all incoming funds within the fiscal period for its operations.
Filing History
IRS 990 filing history for District Council 37 Educational Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), District Council 37 Educational Fund's revenue has declined by 16.3%, moving from $9.0M to $7.5M. Total assets increased by 165.2% over the same period, from $3.8M to $10.1M. Total functional expenses fell by 16.3%, from $9.0M to $7.5M. In its most recent filing year (2023), District Council 37 Educational Fund reported a surplus of $0, with revenue exceeding expenses. The organization holds $10.1M in liabilities against $10.1M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.5M | $7.5M | $10.1M | $10.1M | — | View 990 |
| 2022 | $7.3M | $7.3M | $10.1M | $10.1M | — | View 990 |
| 2021 | $7.5M | $7.5M | $9.4M | $9.4M | — | View 990 |
| 2020 | $7.7M | $7.7M | $8.2M | $8.2M | — | View 990 |
| 2019 | $7.0M | $7.0M | $7.7M | $7.7M | — | View 990 |
| 2018 | $7.7M | $7.7M | $7.7M | $7.7M | — | View 990 |
| 2017 | $7.4M | $7.4M | $6.9M | $6.9M | — | View 990 |
| 2016 | $8.3M | $8.3M | $6.4M | $6.4M | — | View 990 |
| 2015 | $8.8M | $8.8M | $6.1M | $6.1M | — | View 990 |
| 2014 | $9.2M | $9.2M | $5.5M | $5.5M | — | View 990 |
| 2013 | $7.3M | $7.3M | $4.7M | $4.7M | — | View 990 |
| 2012 | $8.4M | $8.4M | $4.2M | $4.2M | — | View 990 |
| 2011 | $9.0M | $9.0M | $3.8M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.5M, expenses of $7.5M, and assets of $10.1M (revenue +2.5% year-over-year).
- 2022: Revenue of $7.3M, expenses of $7.3M, and assets of $10.1M (revenue -2.9% year-over-year).
- 2021: Revenue of $7.5M, expenses of $7.5M, and assets of $9.4M (revenue -1.7% year-over-year).
- 2020: Revenue of $7.7M, expenses of $7.7M, and assets of $8.2M (revenue +9.1% year-over-year).
- 2019: Revenue of $7.0M, expenses of $7.0M, and assets of $7.7M (revenue -9.0% year-over-year).
- 2018: Revenue of $7.7M, expenses of $7.7M, and assets of $7.7M (revenue +4.7% year-over-year).
- 2017: Revenue of $7.4M, expenses of $7.4M, and assets of $6.9M (revenue -10.8% year-over-year).
- 2016: Revenue of $8.3M, expenses of $8.3M, and assets of $6.4M (revenue -5.6% year-over-year).
- 2015: Revenue of $8.8M, expenses of $8.8M, and assets of $6.1M (revenue -4.9% year-over-year).
- 2014: Revenue of $9.2M, expenses of $9.2M, and assets of $5.5M (revenue +26.0% year-over-year).
- 2013: Revenue of $7.3M, expenses of $7.3M, and assets of $4.7M (revenue -13.0% year-over-year).
- 2012: Revenue of $8.4M, expenses of $8.4M, and assets of $4.2M (revenue -6.2% year-over-year).
- 2011: Revenue of $9.0M, expenses of $9.0M, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for District Council 37 Educational Fund:
Data Sources and Methodology
This transparency report for District Council 37 Educational Fund 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.