Henry Street Settlement
Henry Street Settlement shows consistent asset growth and generally balanced operations, with a slight deficit in the latest fiscal year.
EIN: 131562242 · New York, NY · NTEE: P280 · Updated: 2026-03-28
Is Henry Street Settlement Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Henry Street Settlement directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henry Street Settlement
Henry Street Settlement (EIN: 131562242) is a nonprofit organization based in New York, NY, classified under NTEE code P280. The organization reported total revenue of $69.9M and total assets of $85.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry Street Settlement's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henry Street Settlement is a major nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53.3M |
| Total Expenses | $54.8M |
| Surplus / Deficit | $-1,439,486 |
| Total Assets | $77.0M |
| Total Liabilities | $12.2M |
| Net Assets | $64.8M |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 15.9% |
| Months of Reserves | 16.9 months |
Financial Health Grade: B
In 2023, Henry Street Settlement reported a deficit of $1.4M with expenses exceeding revenue, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 15.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Henry Street Settlement's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | +12.3% | +2.5% |
| 2022 | +12.7% | +8.6% | -0.2% |
| 2021 | +13.0% | +3.0% | +18.6% |
| 2020 | +3.4% | +6.4% | +3.1% |
| 2019 | -10.0% | +6.9% | +8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1944 |
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 Henry Street Settlement 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Henry Street Settlement 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.9%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filings, which is unusual for an organization of this size ($53M+ in revenue). This either indicates a fully volunteer executive leadership or that compensation is reported under different categories, requiring deeper scrutiny of the full 990 forms for clarity.
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 Henry Street Settlement's IRS 990 filings:
- Unclear executive compensation reporting (0% reported for all periods, which is atypical for an organization of this scale)
- Operating deficit in the most recent fiscal year (202306), though minor relative to overall operations
Strengths
The following positive indicators were identified for Henry Street Settlement:
- Consistent and significant asset growth over the past decade (from $53.5M in 201406 to $77M in 202306)
- Strong revenue generation, consistently above $35 million annually for the past decade
- Healthy asset-to-liability ratio, indicating strong financial solvency
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance and operational longevity
Frequently Asked Questions about Henry Street Settlement
Is Henry Street Settlement a legitimate charity?
Based on AI analysis of IRS 990 filings, Henry Street Settlement (EIN: 131562242) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Henry Street Settlement spend its money?
Henry Street Settlement directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Henry Street Settlement tax-deductible?
Henry Street Settlement is registered as a tax-exempt nonprofit (EIN: 131562242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is officer compensation consistently reported as 0%?
The provided data indicates 0% officer compensation across all filings. This is highly unusual for an organization with annual revenues exceeding $50 million and warrants a detailed review of the full IRS 990 forms to understand how executive compensation, if any, is reported or if leadership is entirely volunteer-based.
What caused the operating deficit in the 202306 period?
In the 202306 period, Henry Street Settlement reported expenses of $54,764,285 against revenues of $53,324,799, resulting in a deficit of approximately $1.44 million. The specific causes would require a detailed review of the organization's financial statements for that year, potentially due to increased program costs, one-time expenditures, or a temporary dip in funding.
How does Henry Street Settlement manage its liabilities?
The organization's liabilities have fluctuated, from $9,576,610 in 201406 to $12,220,444 in 202306, while assets have grown significantly. The ratio of liabilities to assets (e.g., $12.2M liabilities vs. $77M assets in 202306) appears healthy, indicating that the organization is not overly leveraged and maintains strong financial solvency.
Filing History
IRS 990 filing history for Henry Street Settlement showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Henry Street Settlement's revenue has grown by 71.7%, moving from $31.1M to $53.3M. Total assets increased by 89.9% over the same period, from $40.6M to $77.0M. Total functional expenses rose by 83.2%, from $29.9M to $54.8M. In its most recent filing year (2023), Henry Street Settlement reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $12.2M in liabilities against $77.0M in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $64.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53.3M | $54.8M | $77.0M | $12.2M | — | — |
| 2022 | $56.9M | $48.8M | $75.1M | $9.0M | — | View 990 |
| 2021 | $50.4M | $44.9M | $75.3M | $11.7M | — | View 990 |
| 2020 | $44.6M | $43.6M | $63.5M | $13.0M | — | View 990 |
| 2019 | $43.2M | $41.0M | $61.6M | $10.7M | — | View 990 |
| 2018 | $48.0M | $38.3M | $56.7M | $8.4M | — | View 990 |
| 2017 | $37.2M | $36.7M | $48.4M | $8.4M | — | View 990 |
| 2016 | $37.2M | $38.2M | $49.0M | $8.8M | — | View 990 |
| 2015 | $36.0M | $35.5M | $52.2M | $8.3M | — | View 990 |
| 2014 | $38.1M | $33.4M | $53.5M | $9.6M | — | View 990 |
| 2013 | $34.0M | $31.8M | $46.1M | $10.5M | — | View 990 |
| 2012 | $36.0M | $30.5M | $44.1M | $11.6M | — | View 990 |
| 2011 | $31.1M | $29.9M | $40.6M | $9.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53.3M, expenses of $54.8M, and assets of $77.0M (revenue -6.2% year-over-year).
- 2022: Revenue of $56.9M, expenses of $48.8M, and assets of $75.1M (revenue +12.7% year-over-year).
- 2021: Revenue of $50.4M, expenses of $44.9M, and assets of $75.3M (revenue +13.0% year-over-year).
- 2020: Revenue of $44.6M, expenses of $43.6M, and assets of $63.5M (revenue +3.4% year-over-year).
- 2019: Revenue of $43.2M, expenses of $41.0M, and assets of $61.6M (revenue -10.0% year-over-year).
- 2018: Revenue of $48.0M, expenses of $38.3M, and assets of $56.7M (revenue +29.0% year-over-year).
- 2017: Revenue of $37.2M, expenses of $36.7M, and assets of $48.4M (revenue -0.1% year-over-year).
- 2016: Revenue of $37.2M, expenses of $38.2M, and assets of $49.0M (revenue +3.3% year-over-year).
- 2015: Revenue of $36.0M, expenses of $35.5M, and assets of $52.2M (revenue -5.4% year-over-year).
- 2014: Revenue of $38.1M, expenses of $33.4M, and assets of $53.5M (revenue +12.1% year-over-year).
- 2013: Revenue of $34.0M, expenses of $31.8M, and assets of $46.1M (revenue -5.7% year-over-year).
- 2012: Revenue of $36.0M, expenses of $30.5M, and assets of $44.1M (revenue +16.0% year-over-year).
- 2011: Revenue of $31.1M, expenses of $29.9M, and assets of $40.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henry Street Settlement:
Data Sources and Methodology
This transparency report for Henry Street Settlement 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.