Make The Road New York
Make The Road New York shows strong asset growth and substantial revenue, with a recent deficit in 2023 following years of surpluses.
EIN: 113344389 · Brooklyn, NY · NTEE: I80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29.9M |
| Total Expenses | $33.4M |
| Program Spending | 80% |
| Net Assets | $48.9M |
| Transparency Score | 85/100 |
Is Make The Road New York Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Make The Road New York directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Make The Road New York
Make The Road New York (EIN: 113344389) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code I80. The organization reported total revenue of $29.9M and total assets of $73.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Make The Road New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Make The Road New York is a large nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.8M |
| Total Expenses | $33.4M |
| Surplus / Deficit | $-1,667,701 |
| Total Assets | $67.9M |
| Total Liabilities | $19.1M |
| Net Assets | $48.9M |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 28.1% |
| Months of Reserves | 24.4 months |
Financial Health Grade: B
In 2023, Make The Road New York reported a deficit of $1.7M with expenses exceeding revenue, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 28.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Make The Road New York's revenue has grown at a compound annual growth rate (CAGR) of 12.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.7% | +10.5% | -0.1% |
| 2022 | +24.9% | +12.0% | +24.6% |
| 2021 | -14.6% | -0.6% | +2.8% |
| 2020 | +50.5% | +28.5% | +29.4% |
| 2019 | -18.4% | +17.1% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Make The Road New York 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, Make The Road New York 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 $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.1%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all reported periods, which suggests either that executive compensation is not reported under 'Officer Comp' in this summary, or that the organization's leadership is compensated through other means, or that they are unpaid. This lack of reported compensation makes it difficult to assess executive pay relative to the organization's size and 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 Make The Road New York's IRS 990 filings:
- Absence of reported officer compensation in summary data, requiring deeper investigation of full 990s for transparency on executive pay.
- Expenses exceeded revenue in 2023 by approximately $1.67 million, indicating a deficit for that fiscal year.
Strengths
The following positive indicators were identified for Make The Road New York:
- Consistent and significant growth in revenue over the past decade, from $13.4M in 2014 to $31.7M in 2023.
- Substantial growth in assets, reaching $67.9M in 2023, indicating strong financial reserves and capacity.
- Healthy asset-to-liability ratio (approx. 3.56:1 in 2023), demonstrating strong financial stability.
- History of generating significant surpluses in multiple years, such as $9.78M in 2022 and $5.05M in 2021.
Frequently Asked Questions about Make The Road New York
Is Make The Road New York a legitimate charity?
Make The Road New York (EIN: 113344389) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $29.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Make The Road New York spend its money?
Make The Road New York directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Make The Road New York tax-deductible?
Make The Road New York is registered as a tax-exempt nonprofit (EIN: 113344389). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Make The Road New York's spending goes to programs?
Make The Road New York directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Make The Road New York compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Make The Road New York is above average for NTEE category I80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Make The Road New York located?
Make The Road New York is headquartered in Brooklyn, New York and files with the IRS under EIN 113344389. It is classified under NTEE code I80.
How many years of IRS 990 filings does Make The Road New York have?
Make The Road New York 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 $29.9M in total revenue.
Is Make The Road New York a good charity?
Based on its strong financial growth, substantial assets ($67.9M in 2023), and consistent revenue generation, Make The Road New York appears to be a well-resourced organization. The absence of reported officer compensation is unusual and warrants further investigation of the full 990 forms to understand executive pay practices. Its ability to consistently raise significant funds and grow its asset base suggests strong support for its mission.
How has Make The Road New York's financial health changed over time?
Make The Road New York has experienced significant financial growth over the past decade. Revenue increased from $13.4M in 2014 to $31.7M in 2023, and assets grew dramatically from $5.3M to $67.9M in the same period. While there was a deficit in 2023 (expenses of $33.4M against revenue of $31.7M), this followed several years of substantial surpluses, indicating overall robust financial health and expansion.
What is the organization's asset-to-liability ratio?
In 2023, Make The Road New York had assets of $67,931,415 and liabilities of $19,068,465, resulting in an asset-to-liability ratio of approximately 3.56:1. This indicates a healthy financial position where assets significantly outweigh liabilities.
Filing History
IRS 990 filing history for Make The Road New York showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Make The Road New York's revenue has grown by 289.4%, moving from $8.2M to $31.8M. Total assets increased by 1816.5% over the same period, from $3.5M to $67.9M. Total functional expenses rose by 281.8%, from $8.8M to $33.4M. In its most recent filing year (2023), Make The Road New York reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $19.1M in liabilities against $67.9M in assets (debt-to-asset ratio: 28.1%), resulting in net assets of $48.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.8M | $33.4M | $67.9M | $19.1M | — | View 990 |
| 2022 | $40.0M | $30.2M | $68.0M | $17.6M | — | View 990 |
| 2021 | $32.1M | $27.0M | $54.6M | $13.9M | — | View 990 |
| 2020 | $37.5M | $27.2M | $53.1M | $17.5M | — | View 990 |
| 2019 | $24.9M | $21.1M | $41.0M | $15.8M | — | View 990 |
| 2018 | $30.6M | $18.1M | $38.7M | $17.3M | — | View 990 |
| 2017 | $22.0M | $16.8M | $17.5M | $8.6M | — | View 990 |
| 2016 | $15.0M | $15.5M | $12.6M | $8.9M | — | View 990 |
| 2015 | $15.3M | $14.2M | $6.5M | $2.4M | — | View 990 |
| 2014 | $13.4M | $12.8M | $5.3M | $2.2M | — | View 990 |
| 2013 | $10.4M | $10.3M | $4.1M | $1.6M | — | View 990 |
| 2012 | $8.4M | $8.1M | $3.9M | $1.5M | — | View 990 |
| 2011 | $8.2M | $8.8M | $3.5M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.8M, expenses of $33.4M, and assets of $67.9M (revenue -20.7% year-over-year).
- 2022: Revenue of $40.0M, expenses of $30.2M, and assets of $68.0M (revenue +24.9% year-over-year).
- 2021: Revenue of $32.1M, expenses of $27.0M, and assets of $54.6M (revenue -14.6% year-over-year).
- 2020: Revenue of $37.5M, expenses of $27.2M, and assets of $53.1M (revenue +50.5% year-over-year).
- 2019: Revenue of $24.9M, expenses of $21.1M, and assets of $41.0M (revenue -18.4% year-over-year).
- 2018: Revenue of $30.6M, expenses of $18.1M, and assets of $38.7M (revenue +38.9% year-over-year).
- 2017: Revenue of $22.0M, expenses of $16.8M, and assets of $17.5M (revenue +46.9% year-over-year).
- 2016: Revenue of $15.0M, expenses of $15.5M, and assets of $12.6M (revenue -2.3% year-over-year).
- 2015: Revenue of $15.3M, expenses of $14.2M, and assets of $6.5M (revenue +14.2% year-over-year).
- 2014: Revenue of $13.4M, expenses of $12.8M, and assets of $5.3M (revenue +29.4% year-over-year).
- 2013: Revenue of $10.4M, expenses of $10.3M, and assets of $4.1M (revenue +24.0% year-over-year).
- 2012: Revenue of $8.4M, expenses of $8.1M, and assets of $3.9M (revenue +2.6% year-over-year).
- 2011: Revenue of $8.2M, expenses of $8.8M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Make The Road New York:
Data Sources and Methodology
This transparency report for Make The Road New York 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.