Miriam Osborn Memorial Home Association
Miriam Osborn Memorial Home Association consistently operates at a deficit, with liabilities significantly exceeding assets.
EIN: 135562312 · Rye, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $63.2M |
| Total Expenses | $56.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $50 |
| Net Assets | $-77,064,223 |
| Transparency Score | 65/100 |
Is Miriam Osborn Memorial Home Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Miriam Osborn Memorial Home Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Miriam Osborn Memorial Home Association
Miriam Osborn Memorial Home Association (EIN: 135562312) is a nonprofit organization based in Rye, NY. The organization reported total revenue of $63.2M and total assets of $161.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Miriam Osborn Memorial Home Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Miriam Osborn Memorial Home Association is a major nonprofit that has been operating for 92 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53.0M |
| Total Expenses | $56.2M |
| Surplus / Deficit | $-3,143,123 |
| Total Assets | $154.0M |
| Total Liabilities | $231.1M |
| Net Assets | $-77,064,223 |
| Operating Margin | -5.9% |
| Debt-to-Asset Ratio | 150.0% |
| Months of Reserves | 32.9 months |
Financial Health Grade: C
In 2023, Miriam Osborn Memorial Home Association reported a deficit of $3.1M with expenses exceeding revenue, holds 32.9 months of operating reserves (strong position), has a debt-to-asset ratio of 150.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Miriam Osborn Memorial Home Association's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.9% | +2.8% | +3.0% |
| 2022 | -5.6% | +4.3% | -12.4% |
| 2021 | +6.7% | +2.3% | +2.9% |
| 2020 | -5.1% | -0.3% | +0.4% |
| 2019 | -1.1% | +0.3% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1934 |
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 Miriam Osborn Memorial Home Association with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Miriam Osborn Memorial Home Association 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 $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 150.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with over $50 million in annual expenses. This suggests either a fully volunteer leadership or that compensation is categorized differently, requiring further investigation for complete transparency.
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 Miriam Osborn Memorial Home Association's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) over the past decade, e.g., $56.1M expenses vs. $53.0M revenue in 2023.
- Liabilities significantly exceed assets, with $231.0M in liabilities against $154.0M in assets in 2023, indicating potential financial risk.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data hinders full spending efficiency assessment.
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further scrutiny for transparency.
Strengths
The following positive indicators were identified for Miriam Osborn Memorial Home Association:
- Substantial asset base, despite being less than liabilities, with $154.0M in assets in 2023.
- Consistent filing of IRS 990s demonstrates regulatory compliance and a commitment to transparency in reporting.
- Long operational history with 13 filings, suggesting established presence and experience.
Frequently Asked Questions about Miriam Osborn Memorial Home Association
Is Miriam Osborn Memorial Home Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Miriam Osborn Memorial Home Association (EIN: 135562312) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Miriam Osborn Memorial Home Association spend its money?
Miriam Osborn Memorial Home Association directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Miriam Osborn Memorial Home Association tax-deductible?
Miriam Osborn Memorial Home Association is registered as a tax-exempt nonprofit (EIN: 135562312). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Miriam Osborn Memorial Home Association CEO make?
Miriam Osborn Memorial Home Association's highest-compensated officer earns $50 annually. The organization reported $63.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Miriam Osborn Memorial Home Association's spending goes to programs?
Miriam Osborn Memorial Home Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Miriam Osborn Memorial Home Association located?
Miriam Osborn Memorial Home Association is headquartered in Rye, New York and files with the IRS under EIN 135562312.
How many years of IRS 990 filings does Miriam Osborn Memorial Home Association have?
Miriam Osborn Memorial Home Association 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 $63.2M in total revenue.
How does Miriam Osborn Memorial Home Association cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue, for example, $56,166,151 in expenses versus $53,023,028 in revenue in 2023. This suggests they are likely drawing from their substantial asset base or relying on other non-operating income sources to cover the shortfall.
What is the breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a complete assessment of spending efficiency.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this scale. It could indicate a volunteer board, or that compensation is reported under other expense categories, which would require further clarification for full transparency.
What is the nature of the high liabilities relative to assets?
The organization consistently carries high liabilities, such as $231,091,931 in 2023, significantly exceeding its assets of $154,027,708. Understanding the composition of these liabilities (e.g., long-term debt, bonds, deferred revenue) is critical to assessing financial risk.
What is the long-term financial sustainability plan given the operational deficits?
With consistent operational deficits over the past decade, the organization's long-term financial sustainability plan, including strategies to increase revenue or reduce expenses, is a key question for stakeholders.
Filing History
IRS 990 filing history for Miriam Osborn Memorial Home Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Miriam Osborn Memorial Home Association's revenue has grown by 51.2%, moving from $35.1M to $53.0M. Total assets decreased by 2.2% over the same period, from $157.4M to $154.0M. Total functional expenses rose by 46.2%, from $38.4M to $56.2M. In its most recent filing year (2023), Miriam Osborn Memorial Home Association reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $231.1M in liabilities against $154.0M in assets (debt-to-asset ratio: 150.0%), resulting in net assets of $-77,064,223.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53.0M | $56.2M | $154.0M | $231.1M | — | — |
| 2022 | $45.3M | $54.7M | $149.5M | $225.7M | — | View 990 |
| 2021 | $48.0M | $52.4M | $170.7M | $224.8M | — | View 990 |
| 2020 | $45.0M | $51.2M | $166.0M | $224.3M | — | — |
| 2019 | $47.4M | $51.3M | $165.4M | $221.4M | — | View 990 |
| 2018 | $48.0M | $51.2M | $167.5M | $222.2M | — | View 990 |
| 2017 | $46.9M | $51.7M | $175.8M | $222.9M | — | View 990 |
| 2016 | $43.8M | $50.2M | $172.2M | $220.4M | — | View 990 |
| 2015 | $46.3M | $48.5M | $174.2M | $216.5M | — | View 990 |
| 2014 | $42.8M | $45.9M | $176.4M | $209.2M | — | View 990 |
| 2013 | $39.1M | $43.3M | $179.3M | $202.6M | — | View 990 |
| 2012 | $40.8M | $40.0M | $171.7M | $168.2M | — | View 990 |
| 2011 | $35.1M | $38.4M | $157.4M | $154.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53.0M, expenses of $56.2M, and assets of $154.0M (revenue +16.9% year-over-year).
- 2022: Revenue of $45.3M, expenses of $54.7M, and assets of $149.5M (revenue -5.6% year-over-year).
- 2021: Revenue of $48.0M, expenses of $52.4M, and assets of $170.7M (revenue +6.7% year-over-year).
- 2020: Revenue of $45.0M, expenses of $51.2M, and assets of $166.0M (revenue -5.1% year-over-year).
- 2019: Revenue of $47.4M, expenses of $51.3M, and assets of $165.4M (revenue -1.1% year-over-year).
- 2018: Revenue of $48.0M, expenses of $51.2M, and assets of $167.5M (revenue +2.2% year-over-year).
- 2017: Revenue of $46.9M, expenses of $51.7M, and assets of $175.8M (revenue +7.1% year-over-year).
- 2016: Revenue of $43.8M, expenses of $50.2M, and assets of $172.2M (revenue -5.4% year-over-year).
- 2015: Revenue of $46.3M, expenses of $48.5M, and assets of $174.2M (revenue +8.2% year-over-year).
- 2014: Revenue of $42.8M, expenses of $45.9M, and assets of $176.4M (revenue +9.5% year-over-year).
- 2013: Revenue of $39.1M, expenses of $43.3M, and assets of $179.3M (revenue -4.2% year-over-year).
- 2012: Revenue of $40.8M, expenses of $40.0M, and assets of $171.7M (revenue +16.4% year-over-year).
- 2011: Revenue of $35.1M, expenses of $38.4M, and assets of $157.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Miriam Osborn Memorial Home Association:
Data Sources and Methodology
This transparency report for Miriam Osborn Memorial Home Association 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.