Economic Club Of New York
Economic Club Of New York shows consistent revenue growth and no reported officer compensation over a decade.
EIN: 131655225 · New York, NY · NTEE: V22C · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $3.7M |
| Program Spending | 80% |
| Net Assets | $10.6M |
| Transparency Score | 90/100 |
Is Economic Club Of New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Economic Club Of New York directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Economic Club Of New York
Economic Club Of New York (EIN: 131655225) is a nonprofit organization based in New York, NY, classified under NTEE code V22C. The organization reported total revenue of $4.8M and total assets of $13.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Economic Club Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Economic Club Of New York is a mid-size nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $3.7M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $10.9M |
| Total Liabilities | $369K |
| Net Assets | $10.6M |
| Operating Margin | 23.1% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 35.7 months |
Financial Health Grade: A
In 2023, Economic Club Of New York reported a surplus of $1.1M with revenue exceeding expenses, holds 35.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Economic Club Of New York's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.4% | +17.8% | +26.0% |
| 2022 | -3.8% | +16.6% | -12.5% |
| 2021 | +5.8% | +2.9% | +22.9% |
| 2020 | -10.5% | -19.2% | +20.4% |
| 2019 | -0.1% | +8.5% | +20.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1938 |
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 Economic Club Of New York with a Mission Score of 90 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Economic Club Of New York 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 surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer leadership structure or compensation is covered by other means not reported as officer compensation.
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 Economic Club Of New York's IRS 990 filings:
- Lack of detailed program spending breakdown in summary data
- Unusually low (0%) reported officer compensation for an organization of this size, which might obscure how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Economic Club Of New York:
- Consistent revenue growth, from $2.1M in 2014 to $4.7M in 2023.
- Strong asset growth, from $4.8M in 2014 to $10.9M in 2023.
- Consistent operating surpluses, indicating financial stability.
- No reported officer compensation, suggesting high efficiency in leadership costs or volunteer-driven leadership.
- Low liabilities relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Economic Club Of New York
Is Economic Club Of New York a legitimate charity?
Economic Club Of New York (EIN: 131655225) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Economic Club Of New York spend its money?
Economic Club Of New York directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Economic Club Of New York tax-deductible?
Economic Club Of New York is registered as a tax-exempt nonprofit (EIN: 131655225). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Economic Club Of New York's spending goes to programs?
Economic Club Of New York directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Economic Club Of New York compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Economic Club Of New York is above average for NTEE category V22C nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Economic Club Of New York located?
Economic Club Of New York is headquartered in New York, New York and files with the IRS under EIN 131655225. It is classified under NTEE code V22C.
How many years of IRS 990 filings does Economic Club Of New York have?
Economic Club Of New York 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 $4.8M in total revenue.
How does the Economic Club Of New York manage to operate without reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that compensation for leadership roles is structured in a way that is not categorized as 'officer compensation' on the 990 form, such as through a related entity or as contractor fees.
What are the primary sources of the Economic Club Of New York's revenue?
While not explicitly detailed in the provided data, given its nature as an 'Economic Club,' primary revenue sources likely include membership dues, event fees, sponsorships, and potentially contributions from individuals or corporations.
Is the Economic Club Of New York's asset growth sustainable?
Yes, the organization has shown consistent asset growth from $4,816,933 in 2014 to $10,927,175 in 2023, alongside consistent revenue growth and operating surpluses. This indicates a sustainable financial model.
Filing History
IRS 990 filing history for Economic Club Of New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Economic Club Of New York's revenue has grown by 162.7%, moving from $1.8M to $4.8M. Total assets increased by 277.4% over the same period, from $2.9M to $10.9M. Total functional expenses rose by 162.2%, from $1.4M to $3.7M. In its most recent filing year (2023), Economic Club Of New York reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $369K in liabilities against $10.9M in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $10.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $3.7M | $10.9M | $369K | — | View 990 |
| 2022 | $3.4M | $3.1M | $8.7M | $246K | — | — |
| 2021 | $3.5M | $2.7M | $9.9M | $202K | — | View 990 |
| 2020 | $3.3M | $2.6M | $8.1M | $248K | — | View 990 |
| 2019 | $3.7M | $3.2M | $6.7M | $358K | — | View 990 |
| 2018 | $3.7M | $3.0M | $5.6M | $388K | — | View 990 |
| 2017 | $2.9M | $2.7M | $5.4M | $351K | — | View 990 |
| 2016 | $2.9M | $2.8M | $4.9M | $86K | — | View 990 |
| 2015 | $2.2M | $2.4M | $4.7M | $320K | — | View 990 |
| 2014 | $2.1M | $1.9M | $4.8M | $105K | — | View 990 |
| 2013 | $2.3M | $1.8M | $4.5M | $183K | — | View 990 |
| 2012 | $2.0M | $1.7M | $3.6M | $284K | — | View 990 |
| 2011 | $1.8M | $1.4M | $2.9M | $57K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $3.7M, and assets of $10.9M (revenue +41.4% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.1M, and assets of $8.7M (revenue -3.8% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.7M, and assets of $9.9M (revenue +5.8% year-over-year).
- 2020: Revenue of $3.3M, expenses of $2.6M, and assets of $8.1M (revenue -10.5% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.2M, and assets of $6.7M (revenue -0.1% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.0M, and assets of $5.6M (revenue +27.8% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.7M, and assets of $5.4M (revenue -1.4% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.8M, and assets of $4.9M (revenue +36.4% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.4M, and assets of $4.7M (revenue +2.3% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.9M, and assets of $4.8M (revenue -6.5% year-over-year).
- 2013: Revenue of $2.3M, expenses of $1.8M, and assets of $4.5M (revenue +10.8% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.7M, and assets of $3.6M (revenue +11.9% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.4M, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Economic Club Of New York:
Data Sources and Methodology
This transparency report for Economic Club Of New York 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.