Harlem Commonwealth Council Inc
Harlem Commonwealth Council Inc. shows consistent revenue and asset growth, but expense allocation details are not provided.
EIN: 132938457 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $545K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $12.7M |
| Transparency Score | 70/100 |
Is Harlem Commonwealth Council Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harlem Commonwealth Council Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harlem Commonwealth Council Inc
Harlem Commonwealth Council Inc (EIN: 132938457) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.8M and total assets of $23.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harlem Commonwealth Council Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harlem Commonwealth Council Inc is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $545K |
| Surplus / Deficit | +$702K |
| Total Assets | $14.8M |
| Total Liabilities | $2.0M |
| Net Assets | $12.7M |
| Operating Margin | 56.3% |
| Debt-to-Asset Ratio | 13.6% |
| Months of Reserves | 324.7 months |
Financial Health Grade: A
In 2023, Harlem Commonwealth Council Inc reported a surplus of $702K with revenue exceeding expenses, holds 324.7 months of operating reserves (strong position), has a debt-to-asset ratio of 13.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Harlem Commonwealth Council Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.6% | +4.6% | +4.7% |
| 2022 | +7.2% | +84.0% | +4.3% |
| 2021 | -2.2% | -81.9% | +6.7% |
| 2020 | +0.2% | +67.0% | -3.1% |
| 2019 | +2.1% | +317.0% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Harlem Commonwealth Council Inc with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Harlem Commonwealth Council Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $702K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.6%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization with annual revenues exceeding $1 million and assets in the tens of millions. This suggests either a fully volunteer executive leadership or that compensation is structured and reported in a manner that does not appear as 'officer compensation' in the provided summary, which could impact transparency.
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 Harlem Commonwealth Council Inc's IRS 990 filings:
- Lack of detailed expense breakdown for programs, admin, and fundraising.
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and could indicate a lack of transparency in compensation reporting.
- NTEE Code is unknown, which limits understanding of its specific sector and comparative analysis.
Strengths
The following positive indicators were identified for Harlem Commonwealth Council Inc:
- Consistent annual revenue exceeding $1 million, indicating financial stability.
- Significant asset growth from $8.76 million in 2014 to $14.75 million in 2023, demonstrating strong asset management.
- Positive net assets (Assets > Liabilities) across all reported periods, indicating a healthy balance sheet.
Frequently Asked Questions about Harlem Commonwealth Council Inc
Is Harlem Commonwealth Council Inc a legitimate charity?
Harlem Commonwealth Council Inc (EIN: 132938457) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.8M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Harlem Commonwealth Council Inc spend its money?
Harlem Commonwealth Council Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Harlem Commonwealth Council Inc tax-deductible?
Harlem Commonwealth Council Inc is registered as a tax-exempt nonprofit (EIN: 132938457). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harlem Commonwealth Council Inc CEO make?
Harlem Commonwealth Council Inc's highest-compensated officer earns $1 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harlem Commonwealth Council Inc's spending goes to programs?
Harlem Commonwealth Council Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Harlem Commonwealth Council Inc located?
Harlem Commonwealth Council Inc is headquartered in New York, New York and files with the IRS under EIN 132938457.
How many years of IRS 990 filings does Harlem Commonwealth Council Inc have?
Harlem Commonwealth Council 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 $2.8M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of how expenses are allocated across programs, administration, and fundraising. This information is crucial for assessing spending efficiency.
How is executive compensation handled, given the 0% reported?
The consistent reporting of 0% officer compensation across all filings raises questions about how executive leadership is compensated, or if it is entirely volunteer-based, which would be highly unusual for an organization of this size.
What are the primary sources of the organization's revenue?
The provided data only lists total revenue. Understanding the primary sources (e.g., grants, donations, program service fees) would offer deeper insight into financial stability and donor reliance.
What specific programs does Harlem Commonwealth Council Inc. operate?
The provided financial data does not detail the specific programs or services offered by the organization. This information is essential for understanding its impact and mission fulfillment.
Filing History
IRS 990 filing history for Harlem Commonwealth Council Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harlem Commonwealth Council Inc's revenue has grown by 44.4%, moving from $864K to $1.2M. Total assets increased by 70.8% over the same period, from $8.6M to $14.8M. Total functional expenses rose by 133.2%, from $234K to $545K. In its most recent filing year (2023), Harlem Commonwealth Council Inc reported a surplus of $702K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $14.8M in assets (debt-to-asset ratio: 13.6%), resulting in net assets of $12.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $545K | $14.8M | $2.0M | — | — |
| 2022 | $1.3M | $521K | $14.1M | $2.0M | — | View 990 |
| 2021 | $1.2M | $283K | $13.5M | $2.2M | — | — |
| 2020 | $1.2M | $1.6M | $12.7M | $2.2M | — | View 990 |
| 2019 | $1.2M | $937K | $13.1M | $2.3M | — | View 990 |
| 2018 | $1.2M | $225K | $13.1M | $2.6M | — | View 990 |
| 2017 | $1.1M | $216K | $12.7M | $3.1M | — | View 990 |
| 2016 | $1.1M | $385K | $12.0M | $3.3M | — | View 990 |
| 2015 | $939K | $214K | $11.7M | $3.7M | — | View 990 |
| 2014 | $939K | $177K | $8.8M | $1.5M | — | View 990 |
| 2013 | $951K | $199K | $8.8M | $2.3M | — | View 990 |
| 2012 | $878K | $184K | $8.9M | $3.1M | — | View 990 |
| 2011 | $864K | $234K | $8.6M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $545K, and assets of $14.8M (revenue -0.6% year-over-year).
- 2022: Revenue of $1.3M, expenses of $521K, and assets of $14.1M (revenue +7.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $283K, and assets of $13.5M (revenue -2.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.6M, and assets of $12.7M (revenue +0.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $937K, and assets of $13.1M (revenue +2.1% year-over-year).
- 2018: Revenue of $1.2M, expenses of $225K, and assets of $13.1M (revenue +4.5% year-over-year).
- 2017: Revenue of $1.1M, expenses of $216K, and assets of $12.7M (revenue +2.5% year-over-year).
- 2016: Revenue of $1.1M, expenses of $385K, and assets of $12.0M (revenue +16.4% year-over-year).
- 2015: Revenue of $939K, expenses of $214K, and assets of $11.7M (revenue +-0.0% year-over-year).
- 2014: Revenue of $939K, expenses of $177K, and assets of $8.8M (revenue -1.3% year-over-year).
- 2013: Revenue of $951K, expenses of $199K, and assets of $8.8M (revenue +8.4% year-over-year).
- 2012: Revenue of $878K, expenses of $184K, and assets of $8.9M (revenue +1.6% year-over-year).
- 2011: Revenue of $864K, expenses of $234K, and assets of $8.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harlem Commonwealth Council Inc:
Data Sources and Methodology
This transparency report for Harlem Commonwealth Council 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.