Episcopal Church Clergy And Employees Benefit Trust
Episcopal Church Benefit Trust consistently manages hundreds of millions in revenue and expenses with zero reported officer compensation.
EIN: 132970130 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $301.4M |
| Total Expenses | $283.8M |
| Program Spending | 95% |
| Net Assets | $33.9M |
| Transparency Score | 85/100 |
Is Episcopal Church Clergy And Employees Benefit Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Episcopal Church Clergy And Employees Benefit Trust directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Episcopal Church Clergy And Employees Benefit Trust
Episcopal Church Clergy And Employees Benefit Trust (EIN: 132970130) is a nonprofit organization based in New York, NY. The organization reported total revenue of $301.4M and total assets of $55.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Episcopal Church Clergy And Employees Benefit Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Episcopal Church Clergy And Employees Benefit Trust is a major nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $277.4M |
| Total Expenses | $283.8M |
| Surplus / Deficit | $-6,332,248 |
| Total Assets | $72.3M |
| Total Liabilities | $38.4M |
| Net Assets | $33.9M |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 53.1% |
| Months of Reserves | 3.1 months |
Financial Health Grade: C
In 2023, Episcopal Church Clergy And Employees Benefit Trust reported a deficit of $6.3M with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 53.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Episcopal Church Clergy And Employees Benefit Trust's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +2.6% | -1.9% |
| 2022 | -6.4% | -7.4% | -19.3% |
| 2021 | +1.6% | +19.7% | -6.6% |
| 2020 | +4.8% | -5.3% | +37.7% |
| 2019 | +4.0% | +3.0% | +14.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Episcopal Church Clergy And Employees Benefit Trust 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Episcopal Church Clergy And Employees Benefit Trust allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $6.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity managing hundreds of millions in revenue and expenses. This suggests that executive compensation is either not paid, or is structured in a way that it is not reported as officer compensation on the 990 form, potentially through an affiliated entity or as part of general administrative costs.
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 Episcopal Church Clergy And Employees Benefit Trust's IRS 990 filings:
- Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided data makes full efficiency assessment difficult.
- Consistent 0% officer compensation for a large organization is highly unusual and warrants further investigation into how executive leadership is compensated.
Strengths
The following positive indicators were identified for Episcopal Church Clergy And Employees Benefit Trust:
- Manages substantial financial resources, indicating a significant capacity to fulfill its mission.
- Consistent operation over many years with a stable financial footprint.
- Likely high program spending given its nature as a benefit trust, though specific percentages are not provided.
- Zero reported officer compensation suggests either highly efficient leadership or an alternative compensation structure that avoids direct reporting on the 990.
Frequently Asked Questions about Episcopal Church Clergy And Employees Benefit Trust
Is Episcopal Church Clergy And Employees Benefit Trust a legitimate charity?
Episcopal Church Clergy And Employees Benefit Trust (EIN: 132970130) 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: $301.4M. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Episcopal Church Clergy And Employees Benefit Trust spend its money?
Episcopal Church Clergy And Employees Benefit Trust directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Episcopal Church Clergy And Employees Benefit Trust tax-deductible?
Episcopal Church Clergy And Employees Benefit Trust is registered as a tax-exempt nonprofit (EIN: 132970130). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Episcopal Church Clergy And Employees Benefit Trust located?
Episcopal Church Clergy And Employees Benefit Trust is headquartered in New York, New York and files with the IRS under EIN 132970130.
How many years of IRS 990 filings does Episcopal Church Clergy And Employees Benefit Trust have?
Episcopal Church Clergy And Employees Benefit Trust 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 $301.4M in total revenue.
How does the organization manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation for an organization with hundreds of millions in revenue and expenses is highly unusual. It suggests that executive compensation might be structured differently, perhaps paid by an affiliated entity, or included within other expense categories not specifically itemized as officer compensation on the 990.
What is the primary purpose of the Episcopal Church Clergy And Employees Benefit Trust?
Based on its name and financial activity, the trust's primary purpose is likely to manage and distribute benefits to clergy and employees of the Episcopal Church. Its large and consistent expenses, often close to or exceeding revenue, support this function of disbursing funds rather than accumulating significant surpluses.
Is the organization financially stable given that expenses sometimes exceed revenue?
While expenses have exceeded revenue in several periods (e.g., 202312, 202212, 202112), this is not necessarily a sign of instability for a benefit trust. Such trusts often manage large asset pools and liabilities, and short-term deficits can be covered by investment returns or existing reserves. The consistent asset base, ranging from $53 million to $97 million, suggests a degree of financial resilience.
What is the significance of the fluctuating asset and liability figures?
The fluctuations in assets and liabilities (e.g., assets from $53M to $97M, liabilities from $29M to $39M) are typical for a large benefit trust. Assets would include investments held to cover future benefit obligations, while liabilities represent those future obligations. Market performance and changes in actuarial assumptions can cause these figures to vary year-to-year.
Filing History
IRS 990 filing history for Episcopal Church Clergy And Employees Benefit Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Episcopal Church Clergy And Employees Benefit Trust's revenue has grown by 51.5%, moving from $183.1M to $277.4M. Total assets increased by 47.4% over the same period, from $49.0M to $72.3M. Total functional expenses rose by 58%, from $179.7M to $283.8M. In its most recent filing year (2023), Episcopal Church Clergy And Employees Benefit Trust reported a deficit of $6.3M, with expenses exceeding revenue. The organization holds $38.4M in liabilities against $72.3M in assets (debt-to-asset ratio: 53.1%), resulting in net assets of $33.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $277.4M | $283.8M | $72.3M | $38.4M | — | — |
| 2022 | $268.2M | $276.6M | $73.7M | $35.7M | — | — |
| 2021 | $286.6M | $298.6M | $91.3M | $37.5M | — | View 990 |
| 2020 | $281.9M | $249.4M | $97.7M | $29.2M | — | View 990 |
| 2019 | $269.1M | $263.3M | $71.0M | $35.8M | — | — |
| 2018 | $258.8M | $255.6M | $62.3M | $35.0M | — | View 990 |
| 2017 | $248.1M | $250.5M | $64.6M | $39.3M | — | View 990 |
| 2016 | $243.6M | $239.9M | $62.4M | $35.0M | — | View 990 |
| 2015 | $233.7M | $231.1M | $56.7M | $33.6M | — | View 990 |
| 2014 | $227.8M | $232.3M | $53.7M | $32.1M | — | View 990 |
| 2013 | $214.6M | $214.7M | $53.0M | $27.3M | — | View 990 |
| 2012 | $199.4M | $198.9M | $49.9M | $23.4M | — | View 990 |
| 2011 | $183.1M | $179.7M | $49.0M | $24.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $277.4M, expenses of $283.8M, and assets of $72.3M (revenue +3.5% year-over-year).
- 2022: Revenue of $268.2M, expenses of $276.6M, and assets of $73.7M (revenue -6.4% year-over-year).
- 2021: Revenue of $286.6M, expenses of $298.6M, and assets of $91.3M (revenue +1.6% year-over-year).
- 2020: Revenue of $281.9M, expenses of $249.4M, and assets of $97.7M (revenue +4.8% year-over-year).
- 2019: Revenue of $269.1M, expenses of $263.3M, and assets of $71.0M (revenue +4.0% year-over-year).
- 2018: Revenue of $258.8M, expenses of $255.6M, and assets of $62.3M (revenue +4.3% year-over-year).
- 2017: Revenue of $248.1M, expenses of $250.5M, and assets of $64.6M (revenue +1.9% year-over-year).
- 2016: Revenue of $243.6M, expenses of $239.9M, and assets of $62.4M (revenue +4.2% year-over-year).
- 2015: Revenue of $233.7M, expenses of $231.1M, and assets of $56.7M (revenue +2.6% year-over-year).
- 2014: Revenue of $227.8M, expenses of $232.3M, and assets of $53.7M (revenue +6.2% year-over-year).
- 2013: Revenue of $214.6M, expenses of $214.7M, and assets of $53.0M (revenue +7.7% year-over-year).
- 2012: Revenue of $199.4M, expenses of $198.9M, and assets of $49.9M (revenue +8.9% year-over-year).
- 2011: Revenue of $183.1M, expenses of $179.7M, and assets of $49.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Episcopal Church Clergy And Employees Benefit Trust:
Data Sources and Methodology
This transparency report for Episcopal Church Clergy And Employees Benefit Trust 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.