Finishing Trades Institute Of New York
Finishing Trades Institute of New York shows recent operating deficits despite significant asset growth and no reported officer compensation.
EIN: 133724146 · New York, NY · NTEE: B30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $5.1M |
| Program Spending | 80% |
| Net Assets | $14.1M |
| Transparency Score | 75/100 |
Is Finishing Trades Institute Of New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Finishing Trades Institute Of New York directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Finishing Trades Institute Of New York
Finishing Trades Institute Of New York (EIN: 133724146) is a nonprofit organization based in New York, NY, classified under NTEE code B30. The organization reported total revenue of $9.4M and total assets of $23.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Finishing Trades Institute Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Finishing Trades Institute Of New York is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.1M |
| Surplus / Deficit | $-365,639 |
| Total Assets | $25.3M |
| Total Liabilities | $11.2M |
| Net Assets | $14.1M |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 44.2% |
| Months of Reserves | 59.4 months |
Financial Health Grade: B
In 2023, Finishing Trades Institute Of New York reported a deficit of $366K with expenses exceeding revenue, holds 59.4 months of operating reserves (strong position), has a debt-to-asset ratio of 44.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Finishing Trades Institute Of New York's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +71.4% | +0.9% | -2.6% |
| 2022 | +1.6% | +19.6% | +53.7% |
| 2021 | -24.4% | +23.6% | -15.6% |
| 2020 | -74.5% | -9.3% | +9.9% |
| 2019 | +325.0% | +5.2% | +128.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Finishing Trades Institute Of New York with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Finishing Trades Institute Of New York allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $366K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through mechanisms not categorized as officer compensation, which could contribute to lower administrative overhead.
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 Finishing Trades Institute Of New York's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023, 2022)
- Significant increase in liabilities from $157,184 in 2021 to $11,197,166 in 2023
- Revenue volatility, with a peak of $14,182,657 in 2019 followed by lower figures
Strengths
The following positive indicators were identified for Finishing Trades Institute Of New York:
- Strong asset growth from $7,985,250 in 2018 to $25,341,879 in 2023
- No reported officer compensation across all filings, indicating potential efficiency in executive overhead
- Long filing history (13 filings) suggests consistent compliance and transparency
Frequently Asked Questions about Finishing Trades Institute Of New York
Is Finishing Trades Institute Of New York a legitimate charity?
Finishing Trades Institute Of New York (EIN: 133724146) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Finishing Trades Institute Of New York spend its money?
Finishing Trades Institute Of New York directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Finishing Trades Institute Of New York tax-deductible?
Finishing Trades Institute Of New York is registered as a tax-exempt nonprofit (EIN: 133724146). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Finishing Trades Institute Of New York's spending goes to programs?
Finishing Trades Institute Of New York directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Finishing Trades Institute Of New York compare to similar nonprofits?
With a transparency score of 75/100 (Good), Finishing Trades Institute Of New York is above average for NTEE category B30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Finishing Trades Institute Of New York located?
Finishing Trades Institute Of New York is headquartered in New York, New York and files with the IRS under EIN 133724146. It is classified under NTEE code B30.
How many years of IRS 990 filings does Finishing Trades Institute Of New York have?
Finishing Trades Institute Of New York 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 $9.4M in total revenue.
Why have expenses consistently exceeded revenue in recent years (e.g., 2023, 2022)?
The filings show expenses of $5,116,387 against revenues of $4,750,748 in 2023, and $5,068,807 against revenues of $2,771,965 in 2022, indicating a reliance on reserves or other funding sources to cover operational costs.
What is the nature of the significant increase in liabilities, from $157,184 in 2021 to $11,197,166 in 2023?
Liabilities have dramatically increased, suggesting potential debt, deferred revenue, or other obligations that need to be understood for a complete financial picture.
How does the organization sustain operations with zero reported officer compensation?
The consistent reporting of 0% officer compensation across all filings raises questions about how executive leadership is compensated or if these roles are entirely volunteer-based.
Filing History
IRS 990 filing history for Finishing Trades Institute Of New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Finishing Trades Institute Of New York's revenue has grown by 81%, moving from $2.6M to $4.8M. Total assets increased by 159.6% over the same period, from $9.8M to $25.3M. Total functional expenses rose by 94.7%, from $2.6M to $5.1M. In its most recent filing year (2023), Finishing Trades Institute Of New York reported a deficit of $366K, with expenses exceeding revenue. The organization holds $11.2M in liabilities against $25.3M in assets (debt-to-asset ratio: 44.2%), resulting in net assets of $14.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $5.1M | $25.3M | $11.2M | — | — |
| 2022 | $2.8M | $5.1M | $26.0M | $11.5M | — | View 990 |
| 2021 | $2.7M | $4.2M | $16.9M | $157K | — | View 990 |
| 2020 | $3.6M | $3.4M | $20.0M | $1.8M | — | View 990 |
| 2019 | $14.2M | $3.8M | $18.2M | $138K | — | View 990 |
| 2018 | $3.3M | $3.6M | $8.0M | $283K | — | View 990 |
| 2017 | $3.1M | $3.4M | $8.3M | $376K | — | View 990 |
| 2016 | $3.2M | $3.0M | $8.7M | $494K | — | View 990 |
| 2015 | $2.8M | $3.0M | $8.6M | $534K | — | View 990 |
| 2014 | $2.4M | $3.0M | $8.6M | $455K | — | View 990 |
| 2013 | $2.6M | $3.0M | $9.2M | $446K | — | View 990 |
| 2012 | $2.6M | $2.8M | $9.6M | $490K | — | View 990 |
| 2011 | $2.6M | $2.6M | $9.8M | $387K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $5.1M, and assets of $25.3M (revenue +71.4% year-over-year).
- 2022: Revenue of $2.8M, expenses of $5.1M, and assets of $26.0M (revenue +1.6% year-over-year).
- 2021: Revenue of $2.7M, expenses of $4.2M, and assets of $16.9M (revenue -24.4% year-over-year).
- 2020: Revenue of $3.6M, expenses of $3.4M, and assets of $20.0M (revenue -74.5% year-over-year).
- 2019: Revenue of $14.2M, expenses of $3.8M, and assets of $18.2M (revenue +325.0% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.6M, and assets of $8.0M (revenue +6.9% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.4M, and assets of $8.3M (revenue -2.0% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.0M, and assets of $8.7M (revenue +12.7% year-over-year).
- 2015: Revenue of $2.8M, expenses of $3.0M, and assets of $8.6M (revenue +16.9% year-over-year).
- 2014: Revenue of $2.4M, expenses of $3.0M, and assets of $8.6M (revenue -8.2% year-over-year).
- 2013: Revenue of $2.6M, expenses of $3.0M, and assets of $9.2M (revenue +2.4% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.8M, and assets of $9.6M (revenue -2.0% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.6M, and assets of $9.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Finishing Trades Institute Of New York:
Data Sources and Methodology
This transparency report for Finishing Trades Institute Of New York 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.