Historic House Trust Of New York City Inc

Is Historic House Trust Of New York City Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Historic House Trust Of New York City Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Historic House Trust Of New York City Inc

Historic House Trust Of New York City Inc (EIN: 133590825) is a nonprofit organization based in Corona, NY, classified under NTEE code A82Z. The organization reported total revenue of $2.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historic House Trust Of New York City Inc'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 Historic House Trust Of New York City Inc 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, Historic House Trust Of New York City 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly favorable and suggests that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, indicating a strong commitment to directing funds towards its 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 Historic House Trust Of New York City Inc's IRS 990 filings:

• Significant fluctuations in annual revenue and expenses, which could indicate inconsistent funding or project cycles.

Strengths

The following positive indicators were identified for Historic House Trust Of New York City Inc:

• Consistent positive net assets, indicating financial stability.
• 0% reported officer compensation across all filings, suggesting efficient use of funds at the executive level.
• Recent filing (202306) shows revenue ($1,079,990) exceeding expenses ($951,397), indicating a surplus.

Frequently Asked Questions about Historic House Trust Of New York City Inc

Filing History

IRS 990 filing history for Historic House Trust Of New York City Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Historic House Trust Of New York City Inc's revenue has grown by 35.8%, moving from $795K to $1.1M. Total assets decreased by 0.9% over the same period, from $1.5M to $1.5M. Total functional expenses rose by 65.8%, from $574K to $951K. In its most recent filing year (2023), Historic House Trust Of New York City Inc reported a surplus of $129K, with revenue exceeding expenses. The organization holds $85K in liabilities against $1.5M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $1.4M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.1M, expenses of $951K, and assets of $1.5M (revenue +11.8% year-over-year).
• 2022: Revenue of $966K, expenses of $932K, and assets of $1.3M (revenue -8.3% year-over-year).
• 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $1.5M (revenue +66.6% year-over-year).
• 2020: Revenue of $632K, expenses of $668K, and assets of $1.4M (revenue -72.0% year-over-year).
• 2019: Revenue of $2.3M, expenses of $1.9M, and assets of $1.4M (revenue +99.5% year-over-year).
• 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $1.2M (revenue +45.5% year-over-year).
• 2017: Revenue of $777K, expenses of $947K, and assets of $1.0M (revenue -81.0% year-over-year).
• 2016: Revenue of $4.1M, expenses of $4.1M, and assets of $1.2M (revenue +336.1% year-over-year).
• 2015: Revenue of $940K, expenses of $1.1M, and assets of $1.5M (revenue +28.3% year-over-year).
• 2014: Revenue of $733K, expenses of $858K, and assets of $1.6M (revenue -36.6% year-over-year).
• 2013: Revenue of $1.2M, expenses of $962K, and assets of $1.7M (revenue +22.4% year-over-year).
• 2012: Revenue of $944K, expenses of $924K, and assets of $1.7M (revenue +18.7% year-over-year).
• 2011: Revenue of $795K, expenses of $574K, and assets of $1.5M.

Data Sources and Methodology

This transparency report for Historic House Trust Of New York City 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.