Friends Of The New York Transit Museum
Friends Of The New York Transit Museum maintains strong asset growth and reports no officer compensation.
EIN: 113299408 · Brooklyn, NY · NTEE: A115 · Updated: 2026-03-28
Is Friends Of The New York Transit Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The New York Transit Museum directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of The New York Transit Museum
Friends Of The New York Transit Museum (EIN: 113299408) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A115. The organization reported total revenue of $9.8M and total assets of $15.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The New York Transit Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The New York Transit Museum is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$50K |
| Total Assets | $14.7M |
| Total Liabilities | $1.1M |
| Net Assets | $13.6M |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 7.7% |
| Months of Reserves | 72.7 months |
Financial Health Grade: A
In 2023, Friends Of The New York Transit Museum reported a surplus of $50K with revenue exceeding expenses, holds 72.7 months of operating reserves (strong position), has a debt-to-asset ratio of 7.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of The New York Transit Museum's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.5% | +40.5% | +8.9% |
| 2022 | +3.5% | +19.5% | -7.1% |
| 2021 | +37.2% | -38.4% | +13.8% |
| 2020 | -25.0% | -10.5% | +4.6% |
| 2019 | +2.8% | +15.3% | +16.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Friends Of The New York Transit Museum 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, Friends Of The New York Transit Museum 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 $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $2 million. This suggests that key leadership may be volunteers or compensated through a related entity, which could impact the true administrative cost picture.
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 Friends Of The New York Transit Museum's IRS 990 filings:
- 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation through other means not transparently disclosed as officer compensation on the 990.
Strengths
The following positive indicators were identified for Friends Of The New York Transit Museum:
- Consistent asset growth, increasing from $9.3M in 2014 to $14.7M in 2023, demonstrating strong financial management.
- Healthy financial reserves, with assets significantly exceeding liabilities (e.g., $14.7M assets vs. $1.1M liabilities in 2023).
- Consistent revenue generation, with annual revenues generally above $2 million.
- Regular and extensive IRS 990 filing history (13 filings), indicating good compliance and transparency.
Frequently Asked Questions about Friends Of The New York Transit Museum
Is Friends Of The New York Transit Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The New York Transit Museum (EIN: 113299408) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Friends Of The New York Transit Museum spend its money?
Friends Of The New York Transit Museum directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The New York Transit Museum tax-deductible?
Friends Of The New York Transit Museum is registered as a tax-exempt nonprofit (EIN: 113299408). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Friends Of The New York Transit Museum a good charity?
Based on the provided data, the organization appears to be a financially sound charity with consistent asset growth and no reported officer compensation, which are positive indicators of efficiency and dedication to its mission.
How has the organization's financial health changed over the last decade?
The organization's assets have grown significantly from $9,313,608 in 2014 to $14,724,429 in 2023, indicating strong and consistent financial growth and stability.
What is the significance of 0% officer compensation?
A 0% officer compensation suggests that the organization's top executives are either unpaid volunteers or compensated through a different structure not reported as officer compensation on the 990, which can be a strong positive for donor perception of efficiency.
Filing History
IRS 990 filing history for Friends Of The New York Transit Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of The New York Transit Museum's revenue has grown by 55%, moving from $1.6M to $2.5M. Total assets increased by 119.2% over the same period, from $6.7M to $14.7M. Total functional expenses rose by 74.2%, from $1.4M to $2.4M. In its most recent filing year (2023), Friends Of The New York Transit Museum reported a surplus of $50K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $14.7M in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $13.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.4M | $14.7M | $1.1M | — | — |
| 2022 | $2.9M | $1.7M | $13.5M | $407K | — | — |
| 2021 | $2.8M | $1.4M | $14.6M | $570K | — | View 990 |
| 2020 | $2.1M | $2.3M | $12.8M | $549K | — | View 990 |
| 2019 | $2.8M | $2.6M | $12.2M | $186K | — | View 990 |
| 2018 | $2.7M | $2.3M | $10.5M | $287K | — | View 990 |
| 2017 | $2.6M | $2.0M | $11.0M | $236K | — | View 990 |
| 2016 | $2.3M | $1.6M | $9.6M | $220K | — | View 990 |
| 2015 | $2.0M | $1.8M | $9.1M | $346K | — | View 990 |
| 2014 | $2.0M | $1.4M | $9.3M | $286K | — | View 990 |
| 2013 | $2.2M | $1.7M | $8.5M | $197K | — | View 990 |
| 2012 | $2.0M | $1.4M | $7.5M | $151K | — | View 990 |
| 2011 | $1.6M | $1.4M | $6.7M | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.4M, and assets of $14.7M (revenue -15.5% year-over-year).
- 2022: Revenue of $2.9M, expenses of $1.7M, and assets of $13.5M (revenue +3.5% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.4M, and assets of $14.6M (revenue +37.2% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.3M, and assets of $12.8M (revenue -25.0% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.6M, and assets of $12.2M (revenue +2.8% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.3M, and assets of $10.5M (revenue +4.6% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.0M, and assets of $11.0M (revenue +12.1% year-over-year).
- 2016: Revenue of $2.3M, expenses of $1.6M, and assets of $9.6M (revenue +14.0% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.8M, and assets of $9.1M (revenue +1.7% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.4M, and assets of $9.3M (revenue -8.7% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.7M, and assets of $8.5M (revenue +9.5% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.4M, and assets of $7.5M (revenue +23.1% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.4M, and assets of $6.7M.
Data Sources and Methodology
This transparency report for Friends Of The New York Transit Museum 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.