Easter Seals New York Inc
Easter Seals New York Inc. faces persistent deficit spending and a growing negative net asset position.
EIN: 135596808 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.5M |
| Total Expenses | $25.2M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $24.5M |
| Net Assets | $-4,431,698 |
| Transparency Score | 55/100 |
Is Easter Seals New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Easter Seals New York Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Easter Seals New York Inc
Easter Seals New York Inc (EIN: 135596808) is a nonprofit organization based in New York, NY. The organization reported total revenue of $24.5M and total assets of $21.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Easter Seals New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Easter Seals New York Inc is a large nonprofit that has been operating for 77 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.0M |
| Total Expenses | $25.2M |
| Surplus / Deficit | $-1,200,676 |
| Total Assets | $19.9M |
| Total Liabilities | $24.3M |
| Net Assets | $-4,431,698 |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 122.3% |
| Months of Reserves | 9.5 months |
Financial Health Grade: C
In 2023, Easter Seals New York Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 122.3% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Easter Seals New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.7% | -14.4% | +61.4% |
| 2022 | +10.1% | +3.1% | -12.7% |
| 2021 | -7.9% | -0.5% | -3.5% |
| 2020 | -2.7% | -7.9% | -10.0% |
| 2019 | +4.4% | +4.9% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
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 Easter Seals New York Inc with a Mission Score of 55 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, Easter Seals New York 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: 122.3%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is unusual for an organization of this size ($24.5M latest revenue) and suggests either that executive compensation is not paid or is reported under different categories, which could impact transparency.
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 Easter Seals New York Inc's IRS 990 filings:
- Persistent deficit spending (e.g., 202309 expenses $25.2M vs. revenue $24.0M)
- Liabilities consistently exceeding assets, leading to negative net assets (e.g., 202309 liabilities $24.3M vs. assets $19.9M)
- Significant increase in liabilities from 202209 ($15.5M) to 202309 ($24.3M)
- Unusual 0% reported officer compensation for an organization of this size
Strengths
The following positive indicators were identified for Easter Seals New York Inc:
- Consistent operational scale, maintaining significant revenue streams over many years (generally $25-29M annually)
- Long history of IRS 990 filings (14 filings), indicating compliance with reporting requirements
Frequently Asked Questions about Easter Seals New York Inc
Is Easter Seals New York Inc a legitimate charity?
Easter Seals New York Inc (EIN: 135596808) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 55/100. It has 14 years of IRS 990 filings on record. Total revenue: $24.5M. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Easter Seals New York Inc spend its money?
Easter Seals New York Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Easter Seals New York Inc tax-deductible?
Easter Seals New York Inc is registered as a tax-exempt nonprofit (EIN: 135596808). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Easter Seals New York Inc CEO make?
Easter Seals New York Inc's highest-compensated officer earns $24.5M annually. The organization reported $24.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Easter Seals New York Inc's spending goes to programs?
Easter Seals New York Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Easter Seals New York Inc located?
Easter Seals New York Inc is headquartered in New York, New York and files with the IRS under EIN 135596808.
How many years of IRS 990 filings does Easter Seals New York Inc have?
Easter Seals New York Inc has 14 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 $24.5M in total revenue.
Why does Easter Seals New York Inc. consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings for an organization with revenues in the tens of millions is highly unusual and warrants further inquiry to understand how executive leadership is compensated, if at all, or if it's reported under other expense categories.
What is the cause of the increasing liabilities and negative net assets?
The organization's liabilities have consistently exceeded assets in recent years, culminating in $24.3M in liabilities against $19.9M in assets in 202309. This negative net asset position, coupled with frequent deficit spending (e.g., $25.2M expenses vs. $24.0M revenue in 202309), indicates a structural financial challenge that needs to be addressed.
How does the organization plan to address its deficit spending?
With expenses frequently exceeding revenue, as seen in multiple recent periods (e.g., 202309, 202109), the organization needs a clear strategy to achieve financial sustainability and reverse the trend of deficit spending.
Filing History
IRS 990 filing history for Easter Seals New York Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Easter Seals New York Inc's revenue has grown by 0.5%, moving from $23.9M to $24.0M. Total assets increased by 65.5% over the same period, from $12.0M to $19.9M. Total functional expenses rose by 3.7%, from $24.3M to $25.2M. In its most recent filing year (2023), Easter Seals New York Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $24.3M in liabilities against $19.9M in assets (debt-to-asset ratio: 122.3%), resulting in net assets of $-4,431,698.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.0M | $25.2M | $19.9M | $24.3M | — | — |
| 2022 | $29.5M | $29.5M | $12.3M | $15.6M | — | — |
| 2021 | $26.8M | $28.6M | $14.1M | $17.3M | — | View 990 |
| 2020 | $29.1M | $28.7M | $14.6M | $16.2M | — | — |
| 2019 | $29.9M | $31.2M | $16.3M | $18.2M | — | View 990 |
| 2018 | $28.7M | $29.7M | $14.4M | $15.1M | — | View 990 |
| 2017 | $29.2M | $29.0M | $13.9M | $13.5M | — | View 990 |
| 2016 | $29.2M | $29.2M | $14.7M | $14.6M | — | View 990 |
| 2015 | $2.2M | $2.6M | $14.2M | $14.2M | — | View 990 |
| 2015 | $28.6M | $29.8M | $13.3M | $13.2M | — | View 990 |
| 2014 | $29.1M | $29.9M | $11.2M | $10.2M | — | View 990 |
| 2013 | $28.9M | $28.3M | $12.1M | $10.0M | — | View 990 |
| 2012 | $27.9M | $28.3M | $11.7M | $10.6M | — | View 990 |
| 2011 | $23.9M | $24.3M | $12.0M | $10.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.0M, expenses of $25.2M, and assets of $19.9M (revenue -18.7% year-over-year).
- 2022: Revenue of $29.5M, expenses of $29.5M, and assets of $12.3M (revenue +10.1% year-over-year).
- 2021: Revenue of $26.8M, expenses of $28.6M, and assets of $14.1M (revenue -7.9% year-over-year).
- 2020: Revenue of $29.1M, expenses of $28.7M, and assets of $14.6M (revenue -2.7% year-over-year).
- 2019: Revenue of $29.9M, expenses of $31.2M, and assets of $16.3M (revenue +4.4% year-over-year).
- 2018: Revenue of $28.7M, expenses of $29.7M, and assets of $14.4M (revenue -1.7% year-over-year).
- 2017: Revenue of $29.2M, expenses of $29.0M, and assets of $13.9M (revenue -0.2% year-over-year).
- 2016: Revenue of $29.2M, expenses of $29.2M, and assets of $14.7M (revenue +1212.1% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.6M, and assets of $14.2M (revenue -92.2% year-over-year).
- 2015: Revenue of $28.6M, expenses of $29.8M, and assets of $13.3M (revenue -1.9% year-over-year).
- 2014: Revenue of $29.1M, expenses of $29.9M, and assets of $11.2M (revenue +0.9% year-over-year).
- 2013: Revenue of $28.9M, expenses of $28.3M, and assets of $12.1M (revenue +3.4% year-over-year).
- 2012: Revenue of $27.9M, expenses of $28.3M, and assets of $11.7M (revenue +16.9% year-over-year).
- 2011: Revenue of $23.9M, expenses of $24.3M, and assets of $12.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Easter Seals New York Inc:
Data Sources and Methodology
This transparency report for Easter Seals New York 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.