James Lenox House Association Inc
James Lenox House Association Inc. faces recent operating deficits despite strong asset base and no reported officer compensation.
EIN: 131624148 · New York, NY · NTEE: P73 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $2.1M |
| Program Spending | 70% |
| Net Assets | $9.7M |
| Transparency Score | 75/100 |
Is James Lenox House Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
James Lenox House Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About James Lenox House Association Inc
James Lenox House Association Inc (EIN: 131624148) is a nonprofit organization based in New York, NY, classified under NTEE code P73. The organization reported total revenue of $5.2M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of James Lenox House Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
James Lenox House Association Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $729K |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-1,402,668 |
| Total Assets | $10.6M |
| Total Liabilities | $926K |
| Net Assets | $9.7M |
| Operating Margin | -192.4% |
| Debt-to-Asset Ratio | 8.7% |
| Months of Reserves | 59.9 months |
Financial Health Grade: B
In 2023, James Lenox House Association Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 59.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), James Lenox House Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.4% | +51.9% | -2.1% |
| 2022 | +216.4% | +72.0% | -2.9% |
| 2021 | -75.6% | -38.5% | +18.5% |
| 2020 | +25.8% | +47.7% | -11.1% |
| 2019 | -0.6% | +11.2% | -1.9% |
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 James Lenox House Association 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, James Lenox House Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
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: 8.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is a strong positive for transparency and efficient use of funds relative to the organization's size and revenue.
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 James Lenox House Association Inc's IRS 990 filings:
- Significant and consistent operating deficits in recent years (e.g., -$1,402,668 in 2023, -$158,472 in 2022, -$422,324 in 2021).
- Declining revenue trend from $1,614,228 in 2020 to $728,966 in 2023.
- Sudden appearance of significant liabilities ($925,719) in 2023 after years of reporting zero liabilities.
Strengths
The following positive indicators were identified for James Lenox House Association Inc:
- Strong and stable asset base, consistently over $10 million in recent years (e.g., $10,639,991 in 2023).
- Excellent transparency regarding executive compensation, with 0% reported officer compensation across all filings.
- History of strong revenue generation in some past periods (e.g., $2,476,826 in 2017).
Frequently Asked Questions about James Lenox House Association Inc
Is James Lenox House Association Inc a legitimate charity?
James Lenox House Association Inc (EIN: 131624148) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does James Lenox House Association Inc spend its money?
James Lenox House Association Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to James Lenox House Association Inc tax-deductible?
James Lenox House Association Inc is registered as a tax-exempt nonprofit (EIN: 131624148). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of James Lenox House Association Inc's spending goes to programs?
James Lenox House Association Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does James Lenox House Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), James Lenox House Association Inc is above average for NTEE category P73 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is James Lenox House Association Inc located?
James Lenox House Association Inc is headquartered in New York, New York and files with the IRS under EIN 131624148. It is classified under NTEE code P73.
How many years of IRS 990 filings does James Lenox House Association Inc have?
James Lenox House Association 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 $5.2M in total revenue.
Why have expenses significantly outpaced revenue in the last three fiscal periods (2021-2023)?
In 2023, expenses were $2,131,634 against revenue of $728,966. In 2022, expenses were $1,403,188 against revenue of $1,244,716. In 2021, expenses were $815,721 against revenue of $393,397. Understanding the reasons for these consistent deficits is crucial for assessing financial stability.
How is the organization funding its operations given the recent operating losses?
With significant deficits like -$1,402,668 in 2023, the organization must be drawing from its substantial asset base (e.g., $10,639,991 in 2023) or utilizing other non-operating income sources not detailed in the summary.
What caused the sudden appearance of liabilities in 2023 ($925,719) after years of reporting $0 liabilities?
The shift from zero liabilities in previous years to nearly $1 million in 2023 warrants investigation to understand the nature and implications of these new obligations.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without this detailed breakdown, it's challenging to fully assess the organization's spending efficiency and how much of its budget directly supports its mission, especially given the overall expense levels.
What is the strategy to address the declining revenue trend observed from 2020 ($1,614,228) to 2023 ($728,966)?
A clear plan for revenue generation is important to ensure the long-term sustainability of the organization's operations and to mitigate reliance on asset depletion.
Filing History
IRS 990 filing history for James Lenox House Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), James Lenox House Association Inc's revenue has declined by 4.2%, moving from $761K to $729K. Total assets increased by 23% over the same period, from $8.7M to $10.6M. Total functional expenses rose by 49.3%, from $1.4M to $2.1M. In its most recent filing year (2023), James Lenox House Association Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $926K in liabilities against $10.6M in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $729K | $2.1M | $10.6M | $926K | — | View 990 |
| 2022 | $1.2M | $1.4M | $10.9M | $0 | — | View 990 |
| 2021 | $393K | $816K | $11.2M | $0 | — | View 990 |
| 2020 | $1.6M | $1.3M | $9.5M | $0 | — | View 990 |
| 2019 | $1.3M | $898K | $10.6M | $0 | — | View 990 |
| 2018 | $1.3M | $807K | $10.8M | $0 | — | View 990 |
| 2017 | $2.5M | $797K | $9.7M | $0 | — | View 990 |
| 2016 | $1.1M | $800K | $8.8M | $0 | — | View 990 |
| 2015 | $482K | $756K | $9.2M | $0 | — | View 990 |
| 2014 | $1.1M | $735K | $8.7M | $0 | — | View 990 |
| 2013 | $446K | $895K | $7.5M | $0 | — | View 990 |
| 2012 | $44K | $1.8M | $7.4M | $0 | — | View 990 |
| 2011 | $761K | $1.4M | $8.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $729K, expenses of $2.1M, and assets of $10.6M (revenue -41.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.4M, and assets of $10.9M (revenue +216.4% year-over-year).
- 2021: Revenue of $393K, expenses of $816K, and assets of $11.2M (revenue -75.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.3M, and assets of $9.5M (revenue +25.8% year-over-year).
- 2019: Revenue of $1.3M, expenses of $898K, and assets of $10.6M (revenue -0.6% year-over-year).
- 2018: Revenue of $1.3M, expenses of $807K, and assets of $10.8M (revenue -47.9% year-over-year).
- 2017: Revenue of $2.5M, expenses of $797K, and assets of $9.7M (revenue +122.8% year-over-year).
- 2016: Revenue of $1.1M, expenses of $800K, and assets of $8.8M (revenue +130.5% year-over-year).
- 2015: Revenue of $482K, expenses of $756K, and assets of $9.2M (revenue -56.6% year-over-year).
- 2014: Revenue of $1.1M, expenses of $735K, and assets of $8.7M (revenue +149.0% year-over-year).
- 2013: Revenue of $446K, expenses of $895K, and assets of $7.5M (revenue +911.0% year-over-year).
- 2012: Revenue of $44K, expenses of $1.8M, and assets of $7.4M (revenue -94.2% year-over-year).
- 2011: Revenue of $761K, expenses of $1.4M, and assets of $8.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for James Lenox House Association Inc:
Data Sources and Methodology
This transparency report for James Lenox House Association 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.