General Society Of Mechanics & Tradesmen
General Society Of Mechanics & Tradesmen consistently grows assets with zero reported officer compensation.
EIN: 131624013 · New York, NY · NTEE: S41Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| Net Assets | $32.7M |
| Transparency Score | 92/100 |
Is General Society Of Mechanics & Tradesmen Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
General Society Of Mechanics & Tradesmen directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About General Society Of Mechanics & Tradesmen
General Society Of Mechanics & Tradesmen (EIN: 131624013) is a nonprofit organization based in New York, NY, classified under NTEE code S41Z. The organization reported total revenue of $8.2M and total assets of $34.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of General Society Of Mechanics & Tradesmen's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
General Society Of Mechanics & Tradesmen is a mid-size nonprofit that has been operating for 92 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 | $2.4M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$735K |
| Total Assets | $33.1M |
| Total Liabilities | $442K |
| Net Assets | $32.7M |
| Operating Margin | 30.8% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 241.3 months |
Financial Health Grade: A
In 2023, General Society Of Mechanics & Tradesmen reported a surplus of $735K with revenue exceeding expenses, holds 241.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), General Society Of Mechanics & Tradesmen's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.0% | +23.5% | +8.7% |
| 2022 | -27.7% | +8.0% | -7.7% |
| 2021 | +27.9% | +12.6% | +7.2% |
| 2020 | +14.7% | -15.8% | +5.9% |
| 2019 | +348.1% | -3.2% | +15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1934 |
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 General Society Of Mechanics & Tradesmen with a Mission Score of 92 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, General Society Of Mechanics & Tradesmen 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 $735K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers. This is a highly positive sign for transparency and ensures that all funds are directed towards the organization's mission.
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.
Strengths
The following positive indicators were identified for General Society Of Mechanics & Tradesmen:
- Consistent asset growth, from $29.1M in 2019 to $33.1M in 2023.
- Revenue consistently exceeds expenses, indicating financial stability.
- 0% reported officer compensation across all filings, demonstrating high transparency and mission focus.
- Low liabilities relative to assets, suggesting strong financial health.
- Efficient use of funds, with a significant portion of revenue retained or directed to programs.
Frequently Asked Questions about General Society Of Mechanics & Tradesmen
Is General Society Of Mechanics & Tradesmen a legitimate charity?
Based on AI analysis of IRS 990 filings, General Society Of Mechanics & Tradesmen (EIN: 131624013) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does General Society Of Mechanics & Tradesmen spend its money?
General Society Of Mechanics & Tradesmen directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to General Society Of Mechanics & Tradesmen tax-deductible?
General Society Of Mechanics & Tradesmen is registered as a tax-exempt nonprofit (EIN: 131624013). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of General Society Of Mechanics & Tradesmen's spending goes to programs?
General Society Of Mechanics & Tradesmen directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does General Society Of Mechanics & Tradesmen compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), General Society Of Mechanics & Tradesmen is above average for NTEE category S41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is General Society Of Mechanics & Tradesmen located?
General Society Of Mechanics & Tradesmen is headquartered in New York, New York and files with the IRS under EIN 131624013. It is classified under NTEE code S41Z.
How many years of IRS 990 filings does General Society Of Mechanics & Tradesmen have?
General Society Of Mechanics & Tradesmen 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 $8.2M in total revenue.
Is General Society Of Mechanics & Tradesmen a good charity?
Based on its financial data, the General Society Of Mechanics & Tradesmen appears to be a very good charity. It consistently generates more revenue than expenses, has growing assets, and reports 0% officer compensation, indicating strong financial health and a commitment to its mission.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $29,122,475 in 2019 to $33,133,450 in 2023, demonstrating strong financial management and accumulation of resources.
What is the trend in revenue versus expenses?
For the past five years (2019-2023), the organization's revenue has consistently exceeded its expenses. For example, in 2023, revenue was $2,382,327 while expenses were $1,647,646, indicating a healthy surplus.
Filing History
IRS 990 filing history for General Society Of Mechanics & Tradesmen showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), General Society Of Mechanics & Tradesmen's revenue has grown by 81.1%, moving from $1.3M to $2.4M. Total assets increased by 558.5% over the same period, from $5.0M to $33.1M. Total functional expenses rose by 155.5%, from $645K to $1.6M. In its most recent filing year (2023), General Society Of Mechanics & Tradesmen reported a surplus of $735K, with revenue exceeding expenses. The organization holds $442K in liabilities against $33.1M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $32.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $1.6M | $33.1M | $442K | — | View 990 |
| 2022 | $2.4M | $1.3M | $30.5M | $520K | — | View 990 |
| 2021 | $3.4M | $1.2M | $33.1M | $245K | — | View 990 |
| 2020 | $2.6M | $1.1M | $30.8M | $812K | — | — |
| 2019 | $2.3M | $1.3M | $29.1M | $1.1M | — | View 990 |
| 2018 | $511K | $1.3M | $25.2M | $879K | — | View 990 |
| 2017 | $5.4M | $1.2M | $25.7M | $472K | — | — |
| 2016 | $2.8M | $1.2M | $21.2M | $206K | — | View 990 |
| 2015 | $15.2M | $992K | $19.6M | $176K | — | View 990 |
| 2014 | $1.0M | $969K | $5.4M | $181K | — | View 990 |
| 2013 | $1.4M | $1.2M | $5.3M | $224K | — | View 990 |
| 2012 | $1.0M | $1.0M | $5.2M | $275K | — | View 990 |
| 2011 | $1.3M | $645K | $5.0M | $327K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $1.6M, and assets of $33.1M (revenue -2.0% year-over-year).
- 2022: Revenue of $2.4M, expenses of $1.3M, and assets of $30.5M (revenue -27.7% year-over-year).
- 2021: Revenue of $3.4M, expenses of $1.2M, and assets of $33.1M (revenue +27.9% year-over-year).
- 2020: Revenue of $2.6M, expenses of $1.1M, and assets of $30.8M (revenue +14.7% year-over-year).
- 2019: Revenue of $2.3M, expenses of $1.3M, and assets of $29.1M (revenue +348.1% year-over-year).
- 2018: Revenue of $511K, expenses of $1.3M, and assets of $25.2M (revenue -90.5% year-over-year).
- 2017: Revenue of $5.4M, expenses of $1.2M, and assets of $25.7M (revenue +93.2% year-over-year).
- 2016: Revenue of $2.8M, expenses of $1.2M, and assets of $21.2M (revenue -81.7% year-over-year).
- 2015: Revenue of $15.2M, expenses of $992K, and assets of $19.6M (revenue +1354.2% year-over-year).
- 2014: Revenue of $1.0M, expenses of $969K, and assets of $5.4M (revenue -25.6% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.2M, and assets of $5.3M (revenue +38.0% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.0M, and assets of $5.2M (revenue -22.5% year-over-year).
- 2011: Revenue of $1.3M, expenses of $645K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for General Society Of Mechanics & Tradesmen:
Data Sources and Methodology
This transparency report for General Society Of Mechanics & Tradesmen 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.