Findlay House Inc
Findlay House Inc. faces persistent operational deficits and increasing liabilities despite zero officer compensation.
EIN: 132689955 · Bronx, NY · NTEE: P75Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $2.3M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $1.8 |
| Net Assets | $-3,799,842 |
| Transparency Score | 60/100 |
Is Findlay House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Findlay House Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Findlay House Inc
Findlay House Inc (EIN: 132689955) is a nonprofit organization based in Bronx, NY, classified under NTEE code P75Z. The organization reported total revenue of $1.8M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Findlay House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Findlay House Inc is a mid-size nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-474,423 |
| Total Assets | $3.7M |
| Total Liabilities | $7.5M |
| Net Assets | $-3,799,842 |
| Operating Margin | -25.3% |
| Debt-to-Asset Ratio | 201.8% |
| Months of Reserves | 19.1 months |
Financial Health Grade: C
In 2024, Findlay House Inc reported a deficit of $474K with expenses exceeding revenue, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 201.8% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Findlay House Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.0% | +9.6% | +0.9% |
| 2023 | +5.8% | -5.6% | -5.4% |
| 2022 | +3.4% | -0.6% | -6.2% |
| 2021 | -7.0% | +3.2% | -6.9% |
| 2020 | -1.9% | -4.6% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 Findlay House Inc with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Findlay House Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $474K, with expenses exceeding revenue.
- Debt-to-asset ratio: 201.8%.
Executive Compensation Analysis
Findlay House Inc. reports 0% officer compensation across all available filings, indicating that its leadership is not drawing a salary, which is highly commendable for an organization of its size with annual revenues around $1.8-$2.4 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 Findlay House Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) over multiple years, e.g., $2,348,697 expenses vs. $1,874,274 revenue in 202403.
- Increasing liabilities from $6,533,588 in 201703 to $7,534,267 in 202403.
- Declining asset base from $5,817,631 in 201503 to $3,734,425 in 202403.
Strengths
The following positive indicators were identified for Findlay House Inc:
- Zero reported officer compensation across all filings, indicating strong commitment to resource allocation.
- Long filing history (13 filings) demonstrates consistent compliance and transparency in reporting.
Frequently Asked Questions about Findlay House Inc
Is Findlay House Inc a legitimate charity?
Findlay House Inc (EIN: 132689955) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Findlay House Inc spend its money?
Findlay House Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Findlay House Inc tax-deductible?
Findlay House Inc is registered as a tax-exempt nonprofit (EIN: 132689955). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Findlay House Inc CEO make?
Findlay House Inc's highest-compensated officer earns $1.8 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Findlay House Inc's spending goes to programs?
Findlay House Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Findlay House Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Findlay House Inc is above average for NTEE category P75Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Findlay House Inc located?
Findlay House Inc is headquartered in Bronx, New York and files with the IRS under EIN 132689955. It is classified under NTEE code P75Z.
How many years of IRS 990 filings does Findlay House Inc have?
Findlay House 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 $1.8M in total revenue.
Is Findlay House Inc. financially sustainable given its consistent operational deficits?
The organization has consistently reported expenses exceeding revenue, such as $2,348,697 in expenses against $1,874,274 in revenue in 202403. This trend, coupled with increasing liabilities and decreasing assets, raises concerns about long-term financial sustainability.
What is causing the increase in liabilities from $6.5M in 2017 to $7.5M in 2024?
The filings show a steady increase in liabilities from $6,533,588 in 201703 to $7,534,267 in 202403. This could be due to various factors such as loans, deferred revenue, or other obligations, and warrants further investigation into the specific nature of these liabilities.
How does Findlay House Inc. cover its operational shortfalls?
With expenses consistently exceeding revenue, the organization appears to be covering its operational shortfalls by either drawing down its assets, which have decreased from $5,817,631 in 201503 to $3,734,425 in 202403, or by increasing its liabilities.
Filing History
IRS 990 filing history for Findlay House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Findlay House Inc's revenue has grown by 6.1%, moving from $1.8M to $1.9M. Total assets decreased by 35.6% over the same period, from $5.8M to $3.7M. Total functional expenses rose by 48%, from $1.6M to $2.3M. In its most recent filing year (2024), Findlay House Inc reported a deficit of $474K, with expenses exceeding revenue. The organization holds $7.5M in liabilities against $3.7M in assets (debt-to-asset ratio: 201.8%), resulting in net assets of $-3,799,842.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $2.3M | $3.7M | $7.5M | — | View 990 |
| 2023 | $2.0M | $2.1M | $3.7M | $7.0M | — | View 990 |
| 2022 | $1.9M | $2.3M | $3.9M | $7.1M | — | View 990 |
| 2021 | $1.8M | $2.3M | $4.2M | $7.0M | — | — |
| 2020 | $1.9M | $2.2M | $4.5M | $6.8M | — | View 990 |
| 2019 | $2.0M | $2.3M | $4.6M | $6.7M | — | View 990 |
| 2018 | $2.2M | $2.7M | $4.9M | $6.6M | — | View 990 |
| 2017 | $2.3M | $2.1M | $5.3M | $6.5M | — | View 990 |
| 2016 | $2.1M | $2.3M | $5.8M | $7.2M | — | View 990 |
| 2015 | $2.4M | $2.6M | $5.8M | $7.1M | — | View 990 |
| 2014 | $3.0M | $2.1M | $6.0M | $7.1M | — | View 990 |
| 2013 | $1.6M | $1.9M | $5.8M | $7.8M | — | View 990 |
| 2012 | $1.8M | $1.6M | $5.8M | $7.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $2.3M, and assets of $3.7M (revenue -5.0% year-over-year).
- 2023: Revenue of $2.0M, expenses of $2.1M, and assets of $3.7M (revenue +5.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.3M, and assets of $3.9M (revenue +3.4% year-over-year).
- 2021: Revenue of $1.8M, expenses of $2.3M, and assets of $4.2M (revenue -7.0% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.2M, and assets of $4.5M (revenue -1.9% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.3M, and assets of $4.6M (revenue -11.2% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.7M, and assets of $4.9M (revenue -1.5% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.1M, and assets of $5.3M (revenue +7.0% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.3M, and assets of $5.8M (revenue -13.5% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.6M, and assets of $5.8M (revenue -17.9% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.1M, and assets of $6.0M (revenue +82.0% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.9M, and assets of $5.8M (revenue -7.4% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.6M, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Findlay House Inc:
Data Sources and Methodology
This transparency report for Findlay House 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.