Grand Central District Management Association Inc
Grand Central District Management Association consistently matches expenses to revenue, with declining assets mirroring liabilities over the past decade.
EIN: 133520221 · New York, NY · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.7M |
| Total Expenses | $12.7M |
| Program Spending | 85% |
| Net Assets | $0 |
| Transparency Score | 75/100 |
Is Grand Central District Management Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grand Central District Management Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grand Central District Management Association Inc
Grand Central District Management Association Inc (EIN: 133520221) is a nonprofit organization based in New York, NY, classified under NTEE code L20Z. The organization reported total revenue of $12.7M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Central District Management Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grand Central District Management Association Inc is a large nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.7M |
| Total Expenses | $12.7M |
| Surplus / Deficit | +$0 |
| Total Assets | $2.1M |
| Total Liabilities | $2.1M |
| Net Assets | $0 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, Grand Central District Management Association Inc reported a surplus of $0 with revenue exceeding expenses, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grand Central District Management Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | -0.2% | -40.1% |
| 2022 | -0.3% | -0.3% | -36.6% |
| 2021 | -0.4% | -0.4% | -20.1% |
| 2020 | -0.3% | -0.3% | -13.3% |
| 2019 | -0.1% | -0.1% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Grand Central District Management Association Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Grand Central District Management Association Inc 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, suggesting either a volunteer-led executive team or that executive salaries are covered by an affiliated entity, 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 Grand Central District Management Association Inc's IRS 990 filings:
- Significant decline in assets over a decade without clear explanation in summary data
- Liabilities consistently mirroring assets, suggesting a potential agency fund structure that requires deeper understanding
Strengths
The following positive indicators were identified for Grand Central District Management Association Inc:
- Consistent revenue generation and expense management, with expenses matching revenue annually
- Zero reported officer compensation, indicating potentially low executive overhead
- Consistent IRS 990 filing history, demonstrating transparency in reporting
Frequently Asked Questions about Grand Central District Management Association Inc
Is Grand Central District Management Association Inc a legitimate charity?
Grand Central District Management Association Inc (EIN: 133520221) 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: $12.7M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Grand Central District Management Association Inc spend its money?
Grand Central District Management Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Grand Central District Management Association Inc tax-deductible?
Grand Central District Management Association Inc is registered as a tax-exempt nonprofit (EIN: 133520221). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grand Central District Management Association Inc's spending goes to programs?
Grand Central District Management Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grand Central District Management Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Grand Central District Management Association Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grand Central District Management Association Inc located?
Grand Central District Management Association Inc is headquartered in New York, New York and files with the IRS under EIN 133520221. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Grand Central District Management Association Inc have?
Grand Central District Management Association 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 $12.7M in total revenue.
Why have the organization's assets and liabilities declined so significantly over the past decade?
The organization's assets decreased from $15,014,470 in 2014 to $2,088,757 in 2023, with liabilities mirroring this decline. This pattern suggests a potential change in financial structure, a reduction in held funds, or a pass-through model where funds are quickly disbursed, but further detail from financial statements would be needed to confirm.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all 990 filings indicates that either executive leadership is entirely volunteer-based, or their compensation is paid by a related entity, which would not be reported on this organization's 990.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of how the $12.7 million in annual expenses is allocated across programs, administration, and fundraising. This information is crucial for a complete assessment of spending efficiency.
Filing History
IRS 990 filing history for Grand Central District Management Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grand Central District Management Association Inc's revenue has grown by 8.5%, moving from $11.7M to $12.7M. Total assets decreased by 89.5% over the same period, from $19.9M to $2.1M. Total functional expenses rose by 8.5%, from $11.7M to $12.7M. In its most recent filing year (2023), Grand Central District Management Association Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $2.1M in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.7M | $12.7M | $2.1M | $2.1M | — | — |
| 2022 | $12.7M | $12.7M | $3.5M | $3.5M | — | View 990 |
| 2021 | $12.8M | $12.8M | $5.5M | $5.5M | — | View 990 |
| 2020 | $12.8M | $12.8M | $6.9M | $6.9M | — | View 990 |
| 2019 | $12.9M | $12.9M | $7.9M | $7.9M | — | View 990 |
| 2018 | $12.9M | $12.9M | $7.7M | $7.7M | — | View 990 |
| 2017 | $12.9M | $12.9M | $9.6M | $9.6M | — | View 990 |
| 2016 | $12.9M | $12.9M | $11.4M | $11.4M | — | View 990 |
| 2015 | $13.0M | $13.0M | $13.2M | $13.2M | — | View 990 |
| 2014 | $12.9M | $12.9M | $15.0M | $15.0M | — | View 990 |
| 2013 | $12.8M | $12.8M | $16.9M | $16.9M | — | View 990 |
| 2012 | $12.8M | $12.8M | $18.5M | $18.5M | — | View 990 |
| 2011 | $11.7M | $11.7M | $19.9M | $19.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.7M, expenses of $12.7M, and assets of $2.1M (revenue -0.2% year-over-year).
- 2022: Revenue of $12.7M, expenses of $12.7M, and assets of $3.5M (revenue -0.3% year-over-year).
- 2021: Revenue of $12.8M, expenses of $12.8M, and assets of $5.5M (revenue -0.4% year-over-year).
- 2020: Revenue of $12.8M, expenses of $12.8M, and assets of $6.9M (revenue -0.3% year-over-year).
- 2019: Revenue of $12.9M, expenses of $12.9M, and assets of $7.9M (revenue -0.1% year-over-year).
- 2018: Revenue of $12.9M, expenses of $12.9M, and assets of $7.7M (revenue -0.2% year-over-year).
- 2017: Revenue of $12.9M, expenses of $12.9M, and assets of $9.6M (revenue -0.2% year-over-year).
- 2016: Revenue of $12.9M, expenses of $12.9M, and assets of $11.4M (revenue -0.2% year-over-year).
- 2015: Revenue of $13.0M, expenses of $13.0M, and assets of $13.2M (revenue +0.4% year-over-year).
- 2014: Revenue of $12.9M, expenses of $12.9M, and assets of $15.0M (revenue +0.6% year-over-year).
- 2013: Revenue of $12.8M, expenses of $12.8M, and assets of $16.9M (revenue +-0.0% year-over-year).
- 2012: Revenue of $12.8M, expenses of $12.8M, and assets of $18.5M (revenue +9.5% year-over-year).
- 2011: Revenue of $11.7M, expenses of $11.7M, and assets of $19.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grand Central District Management Association Inc:
Data Sources and Methodology
This transparency report for Grand Central District Management Association 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.