Elmys Special Services Inc
Elmys Special Services Inc shows consistent revenue growth and zero reported officer compensation, with occasional operating deficits.
EIN: 20590957 · Brooklyn, NY · NTEE: P82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.7M |
| Total Expenses | $9.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $12.6M |
| Net Assets | $594K |
| Transparency Score | 85/100 |
Is Elmys Special Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elmys Special Services Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elmys Special Services Inc
Elmys Special Services Inc (EIN: 20590957) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P82. The organization reported total revenue of $12.7M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elmys Special Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elmys Special Services Inc is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.2M |
| Total Expenses | $9.0M |
| Surplus / Deficit | $-774,020 |
| Total Assets | $2.6M |
| Total Liabilities | $2.0M |
| Net Assets | $594K |
| Operating Margin | -9.4% |
| Debt-to-Asset Ratio | 76.9% |
| Months of Reserves | 3.4 months |
Financial Health Grade: C
In 2023, Elmys Special Services Inc reported a deficit of $774K with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 76.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elmys Special Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.3% | -8.5% | -21.1% |
| 2022 | +19.8% | +21.7% | +12.0% |
| 2021 | +6.1% | -1.2% | +16.2% |
| 2020 | +10.4% | +14.2% | +17.0% |
| 2019 | +8.5% | +17.1% | +32.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Elmys Special Services Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Elmys Special Services Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $774K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees received compensation from the organization. This is highly unusual for an organization of its size (latest revenue $12.6M) and suggests either a volunteer-led executive team or compensation being reported in a non-standard manner.
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 Elmys Special Services Inc's IRS 990 filings:
- Operating deficit in the 202306 period where expenses ($8,985,220) exceeded revenue ($8,211,200).
- Growing liabilities relative to assets, with liabilities reaching $1,979,711 against assets of $2,574,005 in 202306, indicating a higher reliance on debt or short-term obligations.
Strengths
The following positive indicators were identified for Elmys Special Services Inc:
- Consistent revenue growth over the past decade, indicating strong fundraising or service delivery.
- Zero reported officer compensation across all filings, suggesting a high dedication of funds to the mission.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Significant asset growth from $1,187,850 in 201606 to $6,136,501 currently, indicating increasing organizational capacity.
Frequently Asked Questions about Elmys Special Services Inc
Is Elmys Special Services Inc a legitimate charity?
Elmys Special Services Inc (EIN: 20590957) 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: $12.7M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Elmys Special Services Inc spend its money?
Elmys Special Services Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Elmys Special Services Inc tax-deductible?
Elmys Special Services Inc is registered as a tax-exempt nonprofit (EIN: 20590957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Elmys Special Services Inc CEO make?
Elmys Special Services Inc's highest-compensated officer earns $12.6M annually. The organization reported $12.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Elmys Special Services Inc's spending goes to programs?
Elmys Special Services Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elmys Special Services Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Elmys Special Services Inc is above average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elmys Special Services Inc located?
Elmys Special Services Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 20590957. It is classified under NTEE code P82.
How many years of IRS 990 filings does Elmys Special Services Inc have?
Elmys Special Services 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 $12.7M in total revenue.
Is Elmys Special Services Inc a good charity?
Based on the available data, Elmys Special Services Inc appears to be a financially stable organization with a strong commitment to its mission, evidenced by consistent revenue growth and zero reported officer compensation. However, further investigation into how executive functions are compensated or managed would provide a more complete picture.
How has Elmys Special Services Inc's revenue trended?
Elmys Special Services Inc has shown significant and consistent revenue growth over the past decade, increasing from $4,877,534 in 201506 to $12,666,902 in its latest reported period, though the 202306 filing showed a dip to $8,211,200 from the previous year's $10,050,447.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, which is a highly positive indicator of resources being directed towards programmatic activities rather than executive salaries.
Are there any concerns about the organization's financial stability?
While generally stable, the 202306 period showed expenses ($8,985,220) exceeding revenue ($8,211,200), resulting in an operating deficit. This, combined with growing liabilities relative to assets, warrants monitoring to ensure long-term financial health.
Filing History
IRS 990 filing history for Elmys Special Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elmys Special Services Inc's revenue has grown by 36.3%, moving from $6.0M to $8.2M. Total assets increased by 9.4% over the same period, from $2.4M to $2.6M. Total functional expenses rose by 57.2%, from $5.7M to $9.0M. In its most recent filing year (2023), Elmys Special Services Inc reported a deficit of $774K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $2.6M in assets (debt-to-asset ratio: 76.9%), resulting in net assets of $594K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.2M | $9.0M | $2.6M | $2.0M | — | — |
| 2022 | $10.1M | $9.8M | $3.3M | $1.9M | — | View 990 |
| 2021 | $8.4M | $8.1M | $2.9M | $1.8M | — | View 990 |
| 2020 | $7.9M | $8.2M | $2.5M | $1.7M | — | View 990 |
| 2019 | $7.2M | $7.1M | $2.1M | $1.1M | — | View 990 |
| 2018 | $6.6M | $6.1M | $1.6M | $592K | — | View 990 |
| 2017 | $6.1M | $5.9M | $1.4M | $960K | — | View 990 |
| 2016 | $5.4M | $5.3M | $1.2M | $754K | — | View 990 |
| 2015 | $4.9M | $5.1M | $1.3M | $1.2M | — | View 990 |
| 2014 | $5.2M | $5.2M | $1.6M | $1.3M | — | — |
| 2013 | $5.6M | $5.7M | $2.5M | $1.4M | — | View 990 |
| 2012 | $6.4M | $6.5M | $2.5M | $1.5M | — | View 990 |
| 2011 | $6.0M | $5.7M | $2.4M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.2M, expenses of $9.0M, and assets of $2.6M (revenue -18.3% year-over-year).
- 2022: Revenue of $10.1M, expenses of $9.8M, and assets of $3.3M (revenue +19.8% year-over-year).
- 2021: Revenue of $8.4M, expenses of $8.1M, and assets of $2.9M (revenue +6.1% year-over-year).
- 2020: Revenue of $7.9M, expenses of $8.2M, and assets of $2.5M (revenue +10.4% year-over-year).
- 2019: Revenue of $7.2M, expenses of $7.1M, and assets of $2.1M (revenue +8.5% year-over-year).
- 2018: Revenue of $6.6M, expenses of $6.1M, and assets of $1.6M (revenue +8.2% year-over-year).
- 2017: Revenue of $6.1M, expenses of $5.9M, and assets of $1.4M (revenue +12.1% year-over-year).
- 2016: Revenue of $5.4M, expenses of $5.3M, and assets of $1.2M (revenue +11.7% year-over-year).
- 2015: Revenue of $4.9M, expenses of $5.1M, and assets of $1.3M (revenue -5.3% year-over-year).
- 2014: Revenue of $5.2M, expenses of $5.2M, and assets of $1.6M (revenue -8.8% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.7M, and assets of $2.5M (revenue -12.1% year-over-year).
- 2012: Revenue of $6.4M, expenses of $6.5M, and assets of $2.5M (revenue +6.7% year-over-year).
- 2011: Revenue of $6.0M, expenses of $5.7M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elmys Special Services Inc:
Data Sources and Methodology
This transparency report for Elmys Special Services 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.