Harlem Rbi Incorporated
Harlem RBI Incorporated shows strong revenue and asset growth, with zero reported officer compensation, but a significant increase in liabilities in the latest fiscal year.
EIN: 134025290 · New York, NY · NTEE: T30 · Updated: 2026-03-28
Is Harlem Rbi Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harlem Rbi Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harlem Rbi Incorporated
Harlem Rbi Incorporated (EIN: 134025290) is a nonprofit organization based in New York, NY, classified under NTEE code T30. The organization reported total revenue of $31.7M and total assets of $265.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harlem Rbi Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harlem Rbi Incorporated with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Harlem Rbi Incorporated allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating either a fully volunteer executive leadership or that executive salaries are categorized differently, which is a strong positive for transparency and resource allocation towards 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.
Red Flags
The following concerns were identified during AI analysis of Harlem Rbi Incorporated's IRS 990 filings:
- Significant increase in liabilities from $27,959,502 to $206,443,306 in the latest filing period (202306), which warrants further investigation into its nature and repayment plan.
Strengths
The following positive indicators were identified for Harlem Rbi Incorporated:
- Consistent revenue generation, with latest revenue at $35,938,094.
- Strong asset growth over the past decade, reaching $271,347,708 in 202306.
- Zero reported officer compensation across all available filings, indicating high efficiency in executive spending.
- Consistent operational surpluses in most recent years, such as $1,080,433 in 202306 ($35,938,094 revenue - $34,857,661 expenses).
Frequently Asked Questions about Harlem Rbi Incorporated
Is Harlem Rbi Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Harlem Rbi Incorporated (EIN: 134025290) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Harlem Rbi Incorporated spend its money?
Harlem Rbi Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Harlem Rbi Incorporated tax-deductible?
Harlem Rbi Incorporated is registered as a tax-exempt nonprofit (EIN: 134025290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in assets and liabilities between the 202206 and 202306 filing periods?
The assets jumped from $91,783,471 to $271,347,708, and liabilities from $27,959,502 to $206,443,306. This substantial change likely indicates a major capital project, property acquisition, or significant investment activity, possibly financed through debt.
How does Harlem RBI Incorporated manage to report 0% 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 reported under different expense categories, or that the organization has a unique compensation structure. This is a significant positive for resource allocation.
What is the organization's long-term strategy for managing its increased liabilities?
With liabilities rising to $206,443,306 in 202306, understanding the repayment schedule and the assets backing these liabilities is crucial for assessing long-term financial health and risk.
Filing History
IRS 990 filing history for Harlem Rbi Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harlem Rbi Incorporated's revenue has grown by 170.6%, moving from $13.3M to $35.9M. Total assets increased by 2263.8% over the same period, from $11.5M to $271.3M. Total functional expenses rose by 410.7%, from $6.8M to $34.9M. In its most recent filing year (2023), Harlem Rbi Incorporated reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $206.4M in liabilities against $271.3M in assets (debt-to-asset ratio: 76.1%), resulting in net assets of $64.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $35.9M | $34.9M | $271.3M | $206.4M | — | View 990 |
| 2022 | $25.6M | $27.8M | $91.8M | $28.0M | — | View 990 |
| 2021 | $28.7M | $19.7M | $94.7M | $28.7M | — | View 990 |
| 2020 | $22.3M | $20.1M | $85.6M | $28.5M | — | View 990 |
| 2019 | $19.5M | $18.0M | $81.6M | $26.7M | — | View 990 |
| 2018 | $31.3M | $17.6M | $79.8M | $26.5M | — | View 990 |
| 2017 | $20.8M | $15.2M | $66.2M | $26.5M | — | View 990 |
| 2016 | $20.5M | $15.8M | $62.6M | $28.5M | — | View 990 |
| 2015 | $35.3M | $13.8M | $58.9M | $29.3M | — | View 990 |
| 2014 | $18.4M | $12.7M | $39.3M | $30.9M | — | View 990 |
| 2013 | $17.4M | $9.8M | $26.4M | $5.4M | — | View 990 |
| 2012 | $11.0M | $8.3M | $14.3M | $827K | — | View 990 |
| 2011 | $13.3M | $6.8M | $11.5M | $725K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.9M, expenses of $34.9M, and assets of $271.3M (revenue +40.5% year-over-year).
- 2022: Revenue of $25.6M, expenses of $27.8M, and assets of $91.8M (revenue -10.8% year-over-year).
- 2021: Revenue of $28.7M, expenses of $19.7M, and assets of $94.7M (revenue +28.8% year-over-year).
- 2020: Revenue of $22.3M, expenses of $20.1M, and assets of $85.6M (revenue +14.1% year-over-year).
- 2019: Revenue of $19.5M, expenses of $18.0M, and assets of $81.6M (revenue -37.6% year-over-year).
- 2018: Revenue of $31.3M, expenses of $17.6M, and assets of $79.8M (revenue +50.7% year-over-year).
- 2017: Revenue of $20.8M, expenses of $15.2M, and assets of $66.2M (revenue +1.4% year-over-year).
- 2016: Revenue of $20.5M, expenses of $15.8M, and assets of $62.6M (revenue -41.9% year-over-year).
- 2015: Revenue of $35.3M, expenses of $13.8M, and assets of $58.9M (revenue +92.0% year-over-year).
- 2014: Revenue of $18.4M, expenses of $12.7M, and assets of $39.3M (revenue +5.6% year-over-year).
- 2013: Revenue of $17.4M, expenses of $9.8M, and assets of $26.4M (revenue +58.6% year-over-year).
- 2012: Revenue of $11.0M, expenses of $8.3M, and assets of $14.3M (revenue -17.4% year-over-year).
- 2011: Revenue of $13.3M, expenses of $6.8M, and assets of $11.5M.
Data Sources and Methodology
This transparency report for Harlem Rbi Incorporated 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.