Firemens Association Of The State Of New York
Firemens Association Of The State Of New York consistently maintains financial surpluses and growing assets with no reported officer compensation.
EIN: 135604180 · Albany, NY · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31.1M |
| Total Expenses | $18.0M |
| Program Spending | 85% |
| Net Assets | $46.0M |
| Transparency Score | 90/100 |
Is Firemens Association Of The State 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 →
Firemens Association Of The State Of New York directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Firemens Association Of The State Of New York
Firemens Association Of The State Of New York (EIN: 135604180) is a nonprofit organization based in Albany, NY, classified under NTEE code L22. The organization reported total revenue of $31.1M and total assets of $54.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Firemens Association Of The State Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Firemens Association Of The State Of New York is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.2M |
| Total Expenses | $18.0M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $48.7M |
| Total Liabilities | $2.7M |
| Net Assets | $46.0M |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 32.5 months |
Financial Health Grade: A
In 2023, Firemens Association Of The State Of New York reported a surplus of $1.2M with revenue exceeding expenses, holds 32.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Firemens Association Of The State Of New York's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +2.0% | +3.7% |
| 2022 | +1.3% | +9.6% | +1.0% |
| 2021 | +19.5% | +3.5% | +5.1% |
| 2020 | -21.5% | -6.9% | -0.2% |
| 2019 | +26.6% | +2.7% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Firemens Association Of The State Of New York 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, Firemens Association Of The State Of New York 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and revenue.
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 Firemens Association Of The State Of New York's IRS 990 filings:
- Unusually low liabilities relative to assets, especially in earlier years (e.g., 2016 assets $174M vs liabilities $1.7M), which might warrant further investigation into asset composition.
- The consistent 0% officer compensation for an organization of this size is highly unusual and could indicate that executive compensation is being reported in a non-standard way or that the organization is entirely volunteer-run at the executive level, which is rare for its scale.
Strengths
The following positive indicators were identified for Firemens Association Of The State Of New York:
- Consistent financial surpluses, with revenues exceeding expenses in most recent years (e.g., 2023: Revenue $19,189,713, Expenses $18,006,893).
- Steady growth in assets, from $42,779,933 in 2018 to $48,730,442 in 2023, indicating financial stability and accumulation of resources.
- No reported officer compensation, suggesting a highly efficient or volunteer-driven executive leadership structure.
- Low liabilities relative to assets, indicating a strong balance sheet and minimal debt burden (e.g., 2023: Liabilities $2,711,709 vs Assets $48,730,442).
Frequently Asked Questions about Firemens Association Of The State Of New York
Is Firemens Association Of The State Of New York a legitimate charity?
Firemens Association Of The State Of New York (EIN: 135604180) 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: $31.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Firemens Association Of The State Of New York spend its money?
Firemens Association Of The State Of New York directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Firemens Association Of The State Of New York tax-deductible?
Firemens Association Of The State Of New York is registered as a tax-exempt nonprofit (EIN: 135604180). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Firemens Association Of The State Of New York's spending goes to programs?
Firemens Association Of The State Of New York directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Firemens Association Of The State Of New York compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Firemens Association Of The State Of New York is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Firemens Association Of The State Of New York located?
Firemens Association Of The State Of New York is headquartered in Albany, New York and files with the IRS under EIN 135604180. It is classified under NTEE code L22.
How many years of IRS 990 filings does Firemens Association Of The State Of New York have?
Firemens Association Of The State 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 $31.1M in total revenue.
Is Firemens Association Of The State Of New York a good charity?
Based on the provided financial data, the Firemens Association Of The State Of New York appears to be a financially healthy and well-managed organization. They consistently generate surpluses, grow their assets, and report no officer compensation, which are strong indicators of responsible financial stewardship.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth and stability. Revenue has generally increased from $12,741,033 in 2014 to $19,189,713 in 2023, and assets have grown from $42,779,933 in 2018 to $48,730,442 in 2023, indicating a positive trend.
What is the significance of 0% officer compensation?
Reporting 0% officer compensation means that the organization does not pay salaries or other compensation to its top executives or governing body members. This is highly unusual for an organization with annual revenues exceeding $19 million and suggests either a fully volunteer-led executive structure or that compensation is reported under different categories not specified in the 'Officer Comp' field.
Filing History
IRS 990 filing history for Firemens Association Of The State Of New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Firemens Association Of The State Of New York's revenue has grown by 66.5%, moving from $11.5M to $19.2M. Total assets decreased by 66.9% over the same period, from $147.2M to $48.7M. Total functional expenses rose by 43.4%, from $12.6M to $18.0M. In its most recent filing year (2023), Firemens Association Of The State Of New York reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $48.7M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $46.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.2M | $18.0M | $48.7M | $2.7M | — | View 990 |
| 2022 | $18.2M | $17.6M | $47.0M | $2.4M | — | View 990 |
| 2021 | $18.0M | $16.1M | $46.5M | $2.5M | — | View 990 |
| 2020 | $15.1M | $15.6M | $44.3M | $2.5M | — | View 990 |
| 2019 | $19.2M | $16.7M | $44.4M | $2.2M | — | View 990 |
| 2018 | $15.2M | $16.3M | $42.8M | $3.0M | — | View 990 |
| 2017 | $14.6M | $15.8M | $43.0M | $2.2M | — | View 990 |
| 2016 | $13.9M | $13.5M | $174.7M | $1.8M | — | View 990 |
| 2015 | $13.6M | $14.0M | $166.6M | $1.7M | — | View 990 |
| 2014 | $12.7M | $13.4M | $174.0M | $1.3M | — | View 990 |
| 2013 | $12.9M | $13.5M | $168.3M | $1.7M | — | View 990 |
| 2012 | $13.4M | $13.2M | $160.7M | $1.9M | — | View 990 |
| 2011 | $11.5M | $12.6M | $147.2M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.2M, expenses of $18.0M, and assets of $48.7M (revenue +5.1% year-over-year).
- 2022: Revenue of $18.2M, expenses of $17.6M, and assets of $47.0M (revenue +1.3% year-over-year).
- 2021: Revenue of $18.0M, expenses of $16.1M, and assets of $46.5M (revenue +19.5% year-over-year).
- 2020: Revenue of $15.1M, expenses of $15.6M, and assets of $44.3M (revenue -21.5% year-over-year).
- 2019: Revenue of $19.2M, expenses of $16.7M, and assets of $44.4M (revenue +26.6% year-over-year).
- 2018: Revenue of $15.2M, expenses of $16.3M, and assets of $42.8M (revenue +4.1% year-over-year).
- 2017: Revenue of $14.6M, expenses of $15.8M, and assets of $43.0M (revenue +4.7% year-over-year).
- 2016: Revenue of $13.9M, expenses of $13.5M, and assets of $174.7M (revenue +2.7% year-over-year).
- 2015: Revenue of $13.6M, expenses of $14.0M, and assets of $166.6M (revenue +6.4% year-over-year).
- 2014: Revenue of $12.7M, expenses of $13.4M, and assets of $174.0M (revenue -1.5% year-over-year).
- 2013: Revenue of $12.9M, expenses of $13.5M, and assets of $168.3M (revenue -3.7% year-over-year).
- 2012: Revenue of $13.4M, expenses of $13.2M, and assets of $160.7M (revenue +16.5% year-over-year).
- 2011: Revenue of $11.5M, expenses of $12.6M, and assets of $147.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Firemens Association Of The State Of New York:
Data Sources and Methodology
This transparency report for Firemens Association Of The State 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.