Fedcap Rehabilitation Services Inc
Fedcap Rehabilitation Services Inc. experiences significant revenue decline while maintaining asset stability and reporting no officer compensation.
EIN: 135645879 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $106.0M |
| Total Expenses | $97.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $38.3M |
| Transparency Score | 70/100 |
Is Fedcap Rehabilitation Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fedcap Rehabilitation Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fedcap Rehabilitation Services Inc
Fedcap Rehabilitation Services Inc (EIN: 135645879) is a nonprofit organization based in New York, NY. The organization reported total revenue of $106.0M and total assets of $128.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fedcap Rehabilitation Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fedcap Rehabilitation Services Inc is a major nonprofit that has been operating for 87 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103.3M |
| Total Expenses | $97.0M |
| Surplus / Deficit | +$6.3M |
| Total Assets | $127.7M |
| Total Liabilities | $89.4M |
| Net Assets | $38.3M |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 70.0% |
| Months of Reserves | 15.8 months |
Financial Health Grade: A
In 2023, Fedcap Rehabilitation Services Inc reported a surplus of $6.3M with revenue exceeding expenses, holds 15.8 months of operating reserves (strong position), has a debt-to-asset ratio of 70.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fedcap Rehabilitation Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.2% | -29.8% | -31.2% |
| 2022 | -7.3% | -9.4% | +27.8% |
| 2021 | +2.4% | +4.9% | +2.6% |
| 2020 | -19.7% | -20.1% | -0.7% |
| 2019 | -8.5% | -13.4% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1939 |
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 Fedcap Rehabilitation Services Inc with a Mission Score of 70 out of 100 (Good). 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, Fedcap Rehabilitation Services 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 surplus of $6.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.0%.
Executive Compensation Analysis
The reported 0% for officer compensation across all available filings is highly unusual for an organization with over $100 million in annual revenue and suggests a potential data reporting anomaly or a unique compensation structure that warrants further investigation for full transparency.
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 Fedcap Rehabilitation Services Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and may indicate incomplete transparency.
- Significant and sustained decline in revenue from $200M in 2018 to $103M in 2023, suggesting a contraction in operations or funding challenges.
Strengths
The following positive indicators were identified for Fedcap Rehabilitation Services Inc:
- Maintains a strong asset base relative to liabilities, indicating good financial solvency (e.g., $127M assets vs. $89M liabilities in 202309).
- Generally effective expense management, keeping expenses in line with revenue despite significant fluctuations, avoiding major operating deficits.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance with reporting requirements.
Frequently Asked Questions about Fedcap Rehabilitation Services Inc
Is Fedcap Rehabilitation Services Inc a legitimate charity?
Fedcap Rehabilitation Services Inc (EIN: 135645879) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $106.0M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Fedcap Rehabilitation Services Inc spend its money?
Fedcap Rehabilitation Services Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fedcap Rehabilitation Services Inc tax-deductible?
Fedcap Rehabilitation Services Inc is registered as a tax-exempt nonprofit (EIN: 135645879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fedcap Rehabilitation Services Inc CEO make?
Fedcap Rehabilitation Services Inc's highest-compensated officer earns $100 annually. The organization reported $106.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fedcap Rehabilitation Services Inc's spending goes to programs?
Fedcap Rehabilitation Services Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Fedcap Rehabilitation Services Inc located?
Fedcap Rehabilitation Services Inc is headquartered in New York, New York and files with the IRS under EIN 135645879.
How many years of IRS 990 filings does Fedcap Rehabilitation Services Inc have?
Fedcap Rehabilitation 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 $106.0M in total revenue.
Why is officer compensation consistently reported as 0% across all filings?
The consistent reporting of 0% for officer compensation is highly unusual for an organization of Fedcap's size and revenue. This could indicate that compensation is reported under a different category, paid by a related entity, or is genuinely zero, which would be an outlier for a large nonprofit. Further clarification from the organization's detailed financial statements would be necessary.
What factors contributed to the significant decline in revenue from $200M to $103M over five years?
Fedcap's revenue decreased from $200,725,658 in 201809 to $103,264,175 in 202309. This substantial reduction could be due to various factors such as loss of government contracts, changes in funding priorities, divestment of programs, or economic shifts affecting their service areas. A detailed review of their program activities and funding sources would be needed to understand this trend.
How does Fedcap manage to keep expenses closely aligned with revenue despite significant fluctuations?
Despite large swings in revenue, Fedcap generally manages to keep expenses close to revenue, as seen in periods like 202309 (Revenue $103M, Expenses $96M) and 202209 (Revenue $140M, Expenses $138M). This suggests effective financial management and adaptability in scaling operations to match available funding, preventing large operating deficits.
Filing History
IRS 990 filing history for Fedcap Rehabilitation Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fedcap Rehabilitation Services Inc's revenue has grown by 25.4%, moving from $82.3M to $103.3M. Total assets increased by 353% over the same period, from $28.2M to $127.7M. Total functional expenses rose by 17.8%, from $82.3M to $97.0M. In its most recent filing year (2023), Fedcap Rehabilitation Services Inc reported a surplus of $6.3M, with revenue exceeding expenses. The organization holds $89.4M in liabilities against $127.7M in assets (debt-to-asset ratio: 70.0%), resulting in net assets of $38.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103.3M | $97.0M | $127.7M | $89.4M | — | — |
| 2022 | $140.0M | $138.1M | $185.8M | $155.3M | — | — |
| 2021 | $151.1M | $152.4M | $145.4M | $114.6M | — | View 990 |
| 2020 | $147.5M | $145.2M | $141.7M | $110.9M | — | View 990 |
| 2019 | $183.7M | $181.7M | $142.6M | $114.1M | — | View 990 |
| 2018 | $200.7M | $209.9M | $137.1M | $110.5M | — | View 990 |
| 2017 | $190.8M | $192.5M | $133.7M | $98.4M | — | View 990 |
| 2016 | $177.8M | $177.5M | $130.4M | $94.4M | — | View 990 |
| 2015 | $153.6M | $153.5M | $128.7M | $92.8M | — | View 990 |
| 2014 | $148.7M | $132.6M | $111.8M | $76.0M | — | View 990 |
| 2013 | $117.0M | $116.3M | $41.1M | $21.4M | — | View 990 |
| 2012 | $86.8M | $86.6M | $33.1M | $14.2M | — | View 990 |
| 2011 | $82.3M | $82.3M | $28.2M | $9.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $103.3M, expenses of $97.0M, and assets of $127.7M (revenue -26.2% year-over-year).
- 2022: Revenue of $140.0M, expenses of $138.1M, and assets of $185.8M (revenue -7.3% year-over-year).
- 2021: Revenue of $151.1M, expenses of $152.4M, and assets of $145.4M (revenue +2.4% year-over-year).
- 2020: Revenue of $147.5M, expenses of $145.2M, and assets of $141.7M (revenue -19.7% year-over-year).
- 2019: Revenue of $183.7M, expenses of $181.7M, and assets of $142.6M (revenue -8.5% year-over-year).
- 2018: Revenue of $200.7M, expenses of $209.9M, and assets of $137.1M (revenue +5.2% year-over-year).
- 2017: Revenue of $190.8M, expenses of $192.5M, and assets of $133.7M (revenue +7.3% year-over-year).
- 2016: Revenue of $177.8M, expenses of $177.5M, and assets of $130.4M (revenue +15.8% year-over-year).
- 2015: Revenue of $153.6M, expenses of $153.5M, and assets of $128.7M (revenue +3.3% year-over-year).
- 2014: Revenue of $148.7M, expenses of $132.6M, and assets of $111.8M (revenue +27.1% year-over-year).
- 2013: Revenue of $117.0M, expenses of $116.3M, and assets of $41.1M (revenue +34.8% year-over-year).
- 2012: Revenue of $86.8M, expenses of $86.6M, and assets of $33.1M (revenue +5.4% year-over-year).
- 2011: Revenue of $82.3M, expenses of $82.3M, and assets of $28.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fedcap Rehabilitation Services Inc:
Data Sources and Methodology
This transparency report for Fedcap Rehabilitation 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.