Faculty Student Association Of Downstate Medical Center Inc
Faculty Student Association Of Downstate Medical Center Inc maintains stable operations with consistent revenue and expenses, reporting no officer compensation.
EIN: 111704590 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.7M |
| Program Spending | 85% |
| Net Assets | $1.0M |
| Transparency Score | 80/100 |
Is Faculty Student Association Of Downstate Medical Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faculty Student Association Of Downstate Medical Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faculty Student Association Of Downstate Medical Center Inc
Faculty Student Association Of Downstate Medical Center Inc (EIN: 111704590) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $3.6M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faculty Student Association Of Downstate Medical Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faculty Student Association Of Downstate Medical Center Inc is a mid-size nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-222,396 |
| Total Assets | $2.4M |
| Total Liabilities | $1.3M |
| Net Assets | $1.0M |
| Operating Margin | -6.5% |
| Debt-to-Asset Ratio | 56.0% |
| Months of Reserves | 7.7 months |
Financial Health Grade: C
In 2023, Faculty Student Association Of Downstate Medical Center Inc reported a deficit of $222K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 56.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Faculty Student Association Of Downstate Medical Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.1% | -0.9% | +6.6% |
| 2022 | +13.4% | +16.9% | +3.5% |
| 2021 | -6.7% | -3.7% | -2.6% |
| 2020 | +242.2% | +221.0% | +25.2% |
| 2019 | -1.7% | +12.7% | -8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1952 |
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 Faculty Student Association Of Downstate Medical Center Inc with a Mission Score of 80 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, Faculty Student Association Of Downstate Medical Center Inc 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 $222K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership either serves on a volunteer basis or their compensation is categorized differently within the IRS 990, which is a positive indicator for resource allocation if accurate.
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.
Strengths
The following positive indicators were identified for Faculty Student Association Of Downstate Medical Center Inc:
- Consistent financial reporting with 13 filings, indicating good transparency.
- Stable revenue and expense levels over recent years, demonstrating operational consistency.
- Healthy asset base ($2,346,418) relative to liabilities, indicating financial stability.
- Reported 0% officer compensation across all filings, suggesting efficient use of funds or volunteer leadership.
- Positive net assets (Assets minus Liabilities) consistently maintained over time.
Frequently Asked Questions about Faculty Student Association Of Downstate Medical Center Inc
Is Faculty Student Association Of Downstate Medical Center Inc a legitimate charity?
Faculty Student Association Of Downstate Medical Center Inc (EIN: 111704590) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. No red flags identified. 5 strengths noted. Financial health grade: C.
How does Faculty Student Association Of Downstate Medical Center Inc spend its money?
Faculty Student Association Of Downstate Medical Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Faculty Student Association Of Downstate Medical Center Inc tax-deductible?
Faculty Student Association Of Downstate Medical Center Inc is registered as a tax-exempt nonprofit (EIN: 111704590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Faculty Student Association Of Downstate Medical Center Inc's spending goes to programs?
Faculty Student Association Of Downstate Medical Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Faculty Student Association Of Downstate Medical Center Inc located?
Faculty Student Association Of Downstate Medical Center Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 111704590.
How many years of IRS 990 filings does Faculty Student Association Of Downstate Medical Center Inc have?
Faculty Student Association Of Downstate Medical Center 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 $3.6M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses beyond total expenses. Further examination of the full IRS 990 forms would be necessary to determine the specific allocation of funds to programs, administration, and fundraising.
How does the organization manage its liabilities, which increased to $1,318,139 in 2023?
While liabilities increased in 2023, the organization's assets of $2,352,766 still comfortably exceed its liabilities, indicating a healthy financial position. The specific reasons for the increase in liabilities would require a deeper dive into the balance sheet details of the 2023 filing.
What specific programs does the Faculty Student Association Of Downstate Medical Center Inc operate?
The provided financial data does not detail the specific programs or services offered by the organization. This information would typically be found in the organization's mission statement or program service accomplishments section of the IRS 990.
Filing History
IRS 990 filing history for Faculty Student Association Of Downstate Medical Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Faculty Student Association Of Downstate Medical Center Inc's revenue has grown by 509%, moving from $563K to $3.4M. Total assets increased by 15.5% over the same period, from $2.0M to $2.4M. Total functional expenses rose by 470%, from $641K to $3.7M. In its most recent filing year (2023), Faculty Student Association Of Downstate Medical Center Inc reported a deficit of $222K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $2.4M in assets (debt-to-asset ratio: 56.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.7M | $2.4M | $1.3M | — | View 990 |
| 2022 | $3.7M | $3.7M | $2.2M | $950K | — | View 990 |
| 2021 | $3.3M | $3.2M | $2.1M | $884K | — | View 990 |
| 2020 | $3.5M | $3.3M | $2.2M | $1.0M | — | View 990 |
| 2019 | $1.0M | $1.0M | $1.7M | $821K | — | View 990 |
| 2018 | $1.0M | $906K | $1.9M | $991K | — | View 990 |
| 2017 | $509K | $591K | $1.5M | $902K | — | View 990 |
| 2016 | $556K | $586K | $1.6M | $877K | — | View 990 |
| 2015 | $541K | $619K | $1.4M | $710K | — | View 990 |
| 2014 | $581K | $638K | $1.7M | $773K | — | View 990 |
| 2013 | $497K | $560K | $1.9M | $912K | — | View 990 |
| 2012 | $579K | $606K | $1.8M | $793K | — | View 990 |
| 2011 | $563K | $641K | $2.0M | $959K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.7M, and assets of $2.4M (revenue -7.1% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.7M, and assets of $2.2M (revenue +13.4% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.2M, and assets of $2.1M (revenue -6.7% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.3M, and assets of $2.2M (revenue +242.2% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $1.7M (revenue -1.7% year-over-year).
- 2018: Revenue of $1.0M, expenses of $906K, and assets of $1.9M (revenue +104.0% year-over-year).
- 2017: Revenue of $509K, expenses of $591K, and assets of $1.5M (revenue -8.4% year-over-year).
- 2016: Revenue of $556K, expenses of $586K, and assets of $1.6M (revenue +2.7% year-over-year).
- 2015: Revenue of $541K, expenses of $619K, and assets of $1.4M (revenue -6.9% year-over-year).
- 2014: Revenue of $581K, expenses of $638K, and assets of $1.7M (revenue +17.0% year-over-year).
- 2013: Revenue of $497K, expenses of $560K, and assets of $1.9M (revenue -14.2% year-over-year).
- 2012: Revenue of $579K, expenses of $606K, and assets of $1.8M (revenue +2.8% year-over-year).
- 2011: Revenue of $563K, expenses of $641K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faculty Student Association Of Downstate Medical Center Inc:
Data Sources and Methodology
This transparency report for Faculty Student Association Of Downstate Medical Center 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.