Harlem Educational Activities Fund Inc
Harlem Educational Activities Fund Inc faces recent operating deficits despite strong asset growth and no reported officer compensation.
EIN: 133568672 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $3.6M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.8M |
| Transparency Score | 75/100 |
Is Harlem Educational Activities Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harlem Educational Activities Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harlem Educational Activities Fund Inc
Harlem Educational Activities Fund Inc (EIN: 133568672) is a nonprofit organization based in New York, NY. The organization reported total revenue of $2.4M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harlem Educational Activities Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harlem Educational Activities Fund Inc is a mid-size nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-702,964 |
| Total Assets | $5.3M |
| Total Liabilities | $3.6M |
| Net Assets | $1.8M |
| Operating Margin | -24.2% |
| Debt-to-Asset Ratio | 66.9% |
| Months of Reserves | 17.7 months |
Financial Health Grade: C
In 2024, Harlem Educational Activities Fund Inc reported a deficit of $703K with expenses exceeding revenue, holds 17.7 months of operating reserves (strong position), has a debt-to-asset ratio of 66.9% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Harlem Educational Activities Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.3% | -12.2% | -17.6% |
| 2023 | -19.8% | +2.7% | +59.0% |
| 2022 | +2.0% | +10.5% | -17.4% |
| 2021 | +6.5% | +8.4% | +10.0% |
| 2020 | -29.4% | +11.9% | +12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Educational Activities Fund 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Harlem Educational Activities Fund Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $703K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual expenses exceeding $3 million. This suggests either a fully volunteer leadership structure or that executive compensation is categorized differently within the financial statements, 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 Educational Activities Fund Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $702,964 deficit in 2024, $1,042,515 deficit in 2023).
- Significant and rapid increase in liabilities from $578,853 in 2022 to $3,556,757 in 2024.
- Unusual reporting of 0% officer compensation for an organization with multi-million dollar revenues and expenses.
Strengths
The following positive indicators were identified for Harlem Educational Activities Fund Inc:
- Strong and growing asset base, reaching $5,320,497 in 2024, indicating good financial reserves.
- Consistent history of generating substantial revenue, demonstrating fundraising capacity.
- Long operational history with 14 IRS 990 filings, suggesting stability and established programs.
Frequently Asked Questions about Harlem Educational Activities Fund Inc
Is Harlem Educational Activities Fund Inc a legitimate charity?
Harlem Educational Activities Fund Inc (EIN: 133568672) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.4M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Harlem Educational Activities Fund Inc spend its money?
Harlem Educational Activities Fund Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harlem Educational Activities Fund Inc tax-deductible?
Harlem Educational Activities Fund Inc is registered as a tax-exempt nonprofit (EIN: 133568672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Harlem Educational Activities Fund Inc CEO make?
Harlem Educational Activities Fund Inc's highest-compensated officer earns $3 annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Harlem Educational Activities Fund Inc's spending goes to programs?
Harlem Educational Activities Fund Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Harlem Educational Activities Fund Inc located?
Harlem Educational Activities Fund Inc is headquartered in New York, New York and files with the IRS under EIN 133568672.
How many years of IRS 990 filings does Harlem Educational Activities Fund Inc have?
Harlem Educational Activities Fund Inc has 14 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 $2.4M in total revenue.
Why have expenses exceeded revenue in the most recent fiscal years (2023 and 2024)?
In fiscal year 2024, expenses were $3,611,581 while revenue was $2,908,617. In 2023, expenses were $4,112,553 against revenue of $3,070,038. This trend suggests the organization is either drawing down reserves or relying on non-operating income to cover costs.
What is the nature of the significant increase in liabilities from $578,853 in 2022 to $3,556,757 in 2024?
The substantial jump in liabilities over two years is a significant financial change that requires further investigation to understand its composition (e.g., program-related payables, debt, deferred revenue) and its implications for the organization's financial stability.
How are key leadership roles compensated if officer compensation is consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It raises questions about how executive leadership is compensated, if at all, and whether these costs are reported under other expense categories.
Is the organization's current spending level sustainable given the recent operating deficits?
With expenses exceeding revenue in the last two reported periods, the current spending level may not be sustainable in the long term without increased revenue generation or a reduction in expenses, despite a healthy asset base.
Filing History
IRS 990 filing history for Harlem Educational Activities Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Harlem Educational Activities Fund Inc's revenue has grown by 49.1%, moving from $2.0M to $2.9M. Total assets increased by 563.4% over the same period, from $802K to $5.3M. Total functional expenses rose by 84.9%, from $2.0M to $3.6M. In its most recent filing year (2024), Harlem Educational Activities Fund Inc reported a deficit of $703K, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $5.3M in assets (debt-to-asset ratio: 66.9%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.9M | $3.6M | $5.3M | $3.6M | — | View 990 |
| 2023 | $3.1M | $4.1M | $6.5M | $4.0M | — | View 990 |
| 2022 | $3.8M | $4.0M | $4.1M | $579K | — | View 990 |
| 2021 | $3.8M | $3.6M | $4.9M | $1.2M | — | View 990 |
| 2020 | $3.5M | $3.3M | $4.5M | $829K | — | View 990 |
| 2019 | $5.0M | $3.0M | $4.0M | $524K | — | View 990 |
| 2018 | $3.1M | $2.8M | $1.9M | $480K | — | View 990 |
| 2017 | $2.6M | $2.7M | $1.5M | $386K | — | View 990 |
| 2016 | $2.7M | $2.5M | $1.5M | $290K | — | View 990 |
| 2015 | $2.9M | $2.5M | $1.2M | $228K | — | View 990 |
| 2014 | $2.5M | $2.7M | $797K | $165K | — | View 990 |
| 2013 | $3.2M | $3.2M | $1000K | $165K | — | View 990 |
| 2012 | $2.8M | $2.8M | $814K | $92K | — | View 990 |
| 2011 | $2.0M | $2.0M | $802K | $134K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.9M, expenses of $3.6M, and assets of $5.3M (revenue -5.3% year-over-year).
- 2023: Revenue of $3.1M, expenses of $4.1M, and assets of $6.5M (revenue -19.8% year-over-year).
- 2022: Revenue of $3.8M, expenses of $4.0M, and assets of $4.1M (revenue +2.0% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.6M, and assets of $4.9M (revenue +6.5% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.3M, and assets of $4.5M (revenue -29.4% year-over-year).
- 2019: Revenue of $5.0M, expenses of $3.0M, and assets of $4.0M (revenue +58.7% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.8M, and assets of $1.9M (revenue +22.4% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.7M, and assets of $1.5M (revenue -4.8% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.5M, and assets of $1.5M (revenue -7.7% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.5M, and assets of $1.2M (revenue +16.1% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.7M, and assets of $797K (revenue -20.9% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.2M, and assets of $1000K (revenue +12.3% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.8M, and assets of $814K (revenue +45.4% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.0M, and assets of $802K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harlem Educational Activities Fund Inc:
Data Sources and Methodology
This transparency report for Harlem Educational Activities Fund 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.