Explore New York Corp
Explore New York Corp maintains stable finances with zero reported officer compensation.
EIN: 161635446 · New York, NY · NTEE: A99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $908K |
| Transparency Score | 90/100 |
Is Explore New York Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Explore New York Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Explore New York Corp
Explore New York Corp (EIN: 161635446) is a nonprofit organization based in New York, NY, classified under NTEE code A99. The organization reported total revenue of $3.0M and total assets of $999K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Explore New York Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Explore New York Corp is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-122,976 |
| Total Assets | $908K |
| Net Assets | $908K |
| Operating Margin | -5.0% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2023, Explore New York Corp reported a deficit of $123K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Explore New York Corp's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.9% | +55.0% | -11.9% |
| 2022 | +164.8% | +127.8% | +88.8% |
| 2021 | +334.8% | -8.0% | +24.3% |
| 2020 | -92.7% | -65.6% | -54.9% |
| 2019 | +8.3% | +7.1% | +49.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Explore New York Corp 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Explore New York Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $123K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with revenues exceeding $2 million.
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 Explore New York Corp's IRS 990 filings:
- Significant revenue fluctuation year-over-year (e.g., $2,647,581 in 201912 down to $193,544 in 202012, then up to $2,470,793 in 202312) could indicate inconsistent funding sources or project-based revenue.
Strengths
The following positive indicators were identified for Explore New York Corp:
- Consistent 0% officer compensation reported across all filings, indicating high dedication to mission.
- Strong asset growth over the past several years, from $209,719 in 201612 to $907,977 in 202312.
- Minimal to zero liabilities reported in most recent filings, indicating sound financial health and low debt.
- Generally stable revenue exceeding $2 million in recent years (excluding 2020-2021 period).
Frequently Asked Questions about Explore New York Corp
Is Explore New York Corp a legitimate charity?
Explore New York Corp (EIN: 161635446) 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: $3.0M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Explore New York Corp spend its money?
Explore New York Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Explore New York Corp tax-deductible?
Explore New York Corp is registered as a tax-exempt nonprofit (EIN: 161635446). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Explore New York Corp CEO make?
Explore New York Corp's highest-compensated officer earns $2 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Explore New York Corp's spending goes to programs?
Explore New York Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Explore New York Corp compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Explore New York Corp is above average for NTEE category A99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Explore New York Corp located?
Explore New York Corp is headquartered in New York, New York and files with the IRS under EIN 161635446. It is classified under NTEE code A99.
How many years of IRS 990 filings does Explore New York Corp have?
Explore New York Corp 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 $3.0M in total revenue.
Is Explore New York Corp a good charity?
Based on the available financial data, Explore New York Corp appears to be a well-managed charity with strong program spending and no reported officer compensation, suggesting a high dedication to its mission. Its asset growth and minimal liabilities are also positive indicators.
How has Explore New York Corp's revenue trended over time?
Explore New York Corp's revenue has shown significant growth and some fluctuations. It grew from $193,544 in 202012 to $2,470,793 in 202312, with a peak of $2,647,581 in 201912, indicating a generally upward trend despite some year-to-year variability.
What is the organization's asset growth like?
The organization's assets have shown consistent growth, increasing from $209,719 in 201612 to $907,977 in 202312, demonstrating a healthy accumulation of resources over time.
Filing History
IRS 990 filing history for Explore New York Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Explore New York Corp's revenue has grown by 66.9%, moving from $1.5M to $2.5M. Total assets increased by 130.6% over the same period, from $394K to $908K. Total functional expenses rose by 69.7%, from $1.5M to $2.6M. In its most recent filing year (2023), Explore New York Corp reported a deficit of $123K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.6M | $908K | $0 | — | View 990 |
| 2022 | $2.2M | $1.7M | $1.0M | $0 | — | View 990 |
| 2021 | $842K | $735K | $546K | $70K | — | View 990 |
| 2020 | $194K | $799K | $439K | $70K | — | View 990 |
| 2019 | $2.6M | $2.3M | $975K | $0 | — | View 990 |
| 2018 | $2.4M | $2.2M | $653K | $0 | — | View 990 |
| 2017 | $2.3M | $2.1M | $380K | $0 | — | View 990 |
| 2016 | $2.2M | $2.3M | $210K | $0 | — | View 990 |
| 2015 | $2.0M | $2.2M | $357K | $0 | — | View 990 |
| 2014 | $2.1M | $2.1M | $513K | $37K | — | View 990 |
| 2013 | $1.7M | $1.7M | $520K | $28K | — | View 990 |
| 2012 | $1.8M | $1.7M | $503K | $27K | — | View 990 |
| 2011 | $1.5M | $1.5M | $394K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.6M, and assets of $908K (revenue +10.9% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.7M, and assets of $1.0M (revenue +164.8% year-over-year).
- 2021: Revenue of $842K, expenses of $735K, and assets of $546K (revenue +334.8% year-over-year).
- 2020: Revenue of $194K, expenses of $799K, and assets of $439K (revenue -92.7% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.3M, and assets of $975K (revenue +8.3% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.2M, and assets of $653K (revenue +7.0% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.1M, and assets of $380K (revenue +4.0% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.3M, and assets of $210K (revenue +7.2% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.2M, and assets of $357K (revenue -2.2% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.1M, and assets of $513K (revenue +23.5% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $520K (revenue -7.8% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $503K (revenue +24.4% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $394K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Explore New York Corp:
Data Sources and Methodology
This transparency report for Explore New York Corp 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.