Legal Services Nyc

Is Legal Services Nyc Legit?

Some Concerns

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

Legal Services Nyc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Legal Services Nyc

Legal Services Nyc (EIN: 132600199) is a nonprofit organization based in New York, NY, classified under NTEE code I80Z. The organization reported total revenue of $18.0M and total assets of $48.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legal Services Nyc'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 Legal Services Nyc with a Mission Score of 90 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: 85%
• fundraising: 5%

According to IRS 990 filings, Legal Services Nyc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 that no compensation is paid to officers, which is highly unusual and suggests either pro-bono leadership or a different compensation structure not captured as 'officer compensation' on the 990, or that the highest paid employees are not considered officers.

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 Legal Services Nyc's IRS 990 filings:

• Consistent 0% officer compensation reported, which is unusual and might warrant further investigation into how leadership is compensated if not through traditional officer salaries.

Strengths

The following positive indicators were identified for Legal Services Nyc:

• Consistent revenue growth, particularly in recent years (e.g., from $12.5M in 2022 to $16.4M in 2023).
• Significant growth in assets, nearly tripling from $16.1M in 2014 to $48.0M currently, indicating increased capacity.
• Positive net income in most reporting periods, demonstrating sound financial management.
• Zero reported officer compensation across all filings, indicating a strong commitment to directing funds towards the mission.

Frequently Asked Questions about Legal Services Nyc

Filing History

IRS 990 filing history for Legal Services Nyc showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2013–2023), Legal Services Nyc's revenue has grown by 28.7%, moving from $12.7M to $16.4M. Total assets increased by 147.8% over the same period, from $16.9M to $41.8M. Total functional expenses rose by 18.3%, from $11.8M to $14.0M. In its most recent filing year (2023), Legal Services Nyc reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $25.3M in liabilities against $41.8M in assets (debt-to-asset ratio: 60.6%), resulting in net assets of $16.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $16.4M, expenses of $14.0M, and assets of $41.8M (revenue +30.9% year-over-year).
• 2022: Revenue of $12.5M, expenses of $12.1M, and assets of $39.4M (revenue +10.0% year-over-year).
• 2021: Revenue of $11.4M, expenses of $11.1M, and assets of $26.0M (revenue +0.3% year-over-year).
• 2020: Revenue of $11.4M, expenses of $11.7M, and assets of $21.0M (revenue +2.0% year-over-year).
• 2019: Revenue of $11.1M, expenses of $11.6M, and assets of $20.4M (revenue -0.6% year-over-year).
• 2018: Revenue of $11.2M, expenses of $10.3M, and assets of $19.5M (revenue -15.2% year-over-year).
• 2017: Revenue of $13.2M, expenses of $10.5M, and assets of $17.9M (revenue -6.2% year-over-year).
• 2016: Revenue of $14.1M, expenses of $10.8M, and assets of $19.7M (revenue -7.6% year-over-year).
• 2015: Revenue of $15.2M, expenses of $11.5M, and assets of $18.3M (revenue +28.4% year-over-year).
• 2014: Revenue of $11.9M, expenses of $12.3M, and assets of $16.1M (revenue -6.9% year-over-year).
• 2013: Revenue of $12.7M, expenses of $11.8M, and assets of $16.9M.

Data Sources and Methodology

This transparency report for Legal Services Nyc 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.