Grand Central Neighborhood Social Services Corporation
Grand Central Neighborhood Social Services Corporation shows consistent revenue and expenses with zero officer compensation, and a recent significant asset increase.
EIN: 133534255 · New York, NY · NTEE: P850 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.1M |
| Program Spending | 90% |
| Net Assets | $470K |
| Transparency Score | 92/100 |
Is Grand Central Neighborhood Social Services Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Grand Central Neighborhood Social Services Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Grand Central Neighborhood Social Services Corporation
Grand Central Neighborhood Social Services Corporation (EIN: 133534255) is a nonprofit organization based in New York, NY, classified under NTEE code P850. The organization reported total revenue of $3.3M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grand Central Neighborhood Social Services Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grand Central Neighborhood Social Services Corporation is a mid-size 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 -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$221K |
| Total Assets | $4.4M |
| Total Liabilities | $3.9M |
| Net Assets | $470K |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 89.4% |
| Months of Reserves | 16.8 months |
Financial Health Grade: A
In 2023, Grand Central Neighborhood Social Services Corporation reported a surplus of $221K with revenue exceeding expenses, holds 16.8 months of operating reserves (strong position), has a debt-to-asset ratio of 89.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grand Central Neighborhood Social Services Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | -2.7% | +634.8% |
| 2022 | +1.6% | +1.4% | +17.8% |
| 2021 | -3.1% | -0.3% | -25.9% |
| 2020 | -4.9% | -3.4% | +4.3% |
| 2019 | +10.5% | +1.2% | +91.1% |
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 Neighborhood Social Services Corporation 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Grand Central Neighborhood Social Services Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $221K, with revenue exceeding expenses.
- Debt-to-asset ratio: 89.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests either a fully volunteer-led executive team or compensation is categorized differently.
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 Neighborhood Social Services Corporation's IRS 990 filings:
- Significant, unexplained asset increase in 202306 without corresponding revenue spike, potentially indicating a reclassification or one-time event.
- Zero officer compensation reported across all years, which is highly unusual for an organization of this size and could mask compensation under other expense categories.
Strengths
The following positive indicators were identified for Grand Central Neighborhood Social Services Corporation:
- Consistent revenue generation and operational stability over a decade, with revenues generally exceeding expenses.
- Strong financial health with positive net income in most recent years, including $220,737 in 202306.
- Zero reported officer compensation, indicating a strong commitment to directing funds towards the mission.
- Long and consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Grand Central Neighborhood Social Services Corporation
Is Grand Central Neighborhood Social Services Corporation a legitimate charity?
Grand Central Neighborhood Social Services Corporation (EIN: 133534255) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Grand Central Neighborhood Social Services Corporation spend its money?
Grand Central Neighborhood Social Services Corporation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Grand Central Neighborhood Social Services Corporation tax-deductible?
Grand Central Neighborhood Social Services Corporation is registered as a tax-exempt nonprofit (EIN: 133534255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Grand Central Neighborhood Social Services Corporation's spending goes to programs?
Grand Central Neighborhood Social Services Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Grand Central Neighborhood Social Services Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Grand Central Neighborhood Social Services Corporation is above average for NTEE category P850 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Grand Central Neighborhood Social Services Corporation located?
Grand Central Neighborhood Social Services Corporation is headquartered in New York, New York and files with the IRS under EIN 133534255. It is classified under NTEE code P850.
How many years of IRS 990 filings does Grand Central Neighborhood Social Services Corporation have?
Grand Central Neighborhood Social Services Corporation 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 $3.3M in total revenue.
What caused the significant increase in assets from $600,015 in 202206 to $4,409,077 in 202306?
The provided data does not specify the reason for this substantial asset increase. It could be due to new property acquisition, significant grants, or changes in investment portfolios. Further investigation into the full 990 form for 202306 would be necessary.
How does Grand Central Neighborhood Social Services Corporation manage executive leadership without officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, or that compensation for key personnel is categorized under other expense lines, which would require a deeper dive into the detailed expense breakdown.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of these expense categories. A full IRS 990 filing would be needed to ascertain the exact percentages for program, administrative, and fundraising spending.
Filing History
IRS 990 filing history for Grand Central Neighborhood Social Services Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grand Central Neighborhood Social Services Corporation's revenue has declined by 6.7%, moving from $3.6M to $3.4M. Total assets increased by 1939.6% over the same period, from $216K to $4.4M. Total functional expenses fell by 10.9%, from $3.5M to $3.1M. In its most recent filing year (2023), Grand Central Neighborhood Social Services Corporation reported a surplus of $221K, with revenue exceeding expenses. The organization holds $3.9M in liabilities against $4.4M in assets (debt-to-asset ratio: 89.4%), resulting in net assets of $470K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.1M | $4.4M | $3.9M | — | View 990 |
| 2022 | $3.3M | $3.2M | $600K | $351K | — | View 990 |
| 2021 | $3.2M | $3.2M | $509K | $318K | — | View 990 |
| 2020 | $3.3M | $3.2M | $688K | $546K | — | View 990 |
| 2019 | $3.5M | $3.3M | $659K | $660K | — | View 990 |
| 2018 | $3.2M | $3.3M | $345K | $546K | — | View 990 |
| 2017 | $3.2M | $3.2M | $240K | $349K | — | View 990 |
| 2016 | $3.1M | $3.1M | $232K | $372K | — | View 990 |
| 2015 | $3.0M | $3.1M | $306K | $410K | — | View 990 |
| 2014 | $3.4M | $3.4M | $359K | $413K | — | View 990 |
| 2013 | $3.5M | $3.4M | $286K | $327K | — | View 990 |
| 2012 | $3.6M | $3.5M | $138K | $290K | — | View 990 |
| 2011 | $3.6M | $3.5M | $216K | $447K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.1M, and assets of $4.4M (revenue +2.3% year-over-year).
- 2022: Revenue of $3.3M, expenses of $3.2M, and assets of $600K (revenue +1.6% year-over-year).
- 2021: Revenue of $3.2M, expenses of $3.2M, and assets of $509K (revenue -3.1% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.2M, and assets of $688K (revenue -4.9% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.3M, and assets of $659K (revenue +10.5% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.3M, and assets of $345K (revenue -1.1% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.2M, and assets of $240K (revenue +4.1% year-over-year).
- 2016: Revenue of $3.1M, expenses of $3.1M, and assets of $232K (revenue +2.5% year-over-year).
- 2015: Revenue of $3.0M, expenses of $3.1M, and assets of $306K (revenue -12.1% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.4M, and assets of $359K (revenue -2.8% year-over-year).
- 2013: Revenue of $3.5M, expenses of $3.4M, and assets of $286K (revenue -1.8% year-over-year).
- 2012: Revenue of $3.6M, expenses of $3.5M, and assets of $138K (revenue -0.5% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.5M, and assets of $216K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grand Central Neighborhood Social Services Corporation:
Data Sources and Methodology
This transparency report for Grand Central Neighborhood Social Services Corporation 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.