Murray Hill Place Inc
Murray Hill Place Inc. consistently operates at a deficit, drawing down significant assets while reporting no officer compensation.
EIN: 133542148 · New York, NY · NTEE: X220 · Updated: 2026-03-28
Is Murray Hill Place Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Murray Hill Place Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Murray Hill Place Inc
Murray Hill Place Inc (EIN: 133542148) is a nonprofit organization based in New York, NY, classified under NTEE code X220. The organization reported total revenue of $3.8M and total assets of $40.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Murray Hill Place Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Murray Hill Place Inc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $4.8M |
| Surplus / Deficit | $-2,041,420 |
| Total Assets | $41.9M |
| Net Assets | $41.9M |
| Operating Margin | -72.9% |
| Months of Reserves | 103.8 months |
Financial Health Grade: B
In 2023, Murray Hill Place Inc reported a deficit of $2.0M with expenses exceeding revenue, holds 103.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Murray Hill Place Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.0% | +8.8% | -4.7% |
| 2022 | +3.1% | -3.8% | +1.7% |
| 2021 | +50.8% | +22.8% | -0.3% |
| 2020 | +4.8% | -11.1% | -0.1% |
| 2019 | +3.3% | +4.7% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Murray Hill Place Inc with a Mission Score of 70 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: 75%
- fundraising: 10%
According to IRS 990 filings, Murray Hill Place Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $2.0M, with expenses exceeding revenue.
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 $40 million in assets, suggesting either a fully volunteer executive team or that executive compensation is not reported in this category.
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 Murray Hill Place Inc's IRS 990 filings:
- Consistent operational deficits, with expenses frequently exceeding revenue (e.g., 2023: $4.8M expenses vs. $2.8M revenue).
- Declining asset base over time, indicating reliance on reserves to cover deficits.
- No reported officer compensation across all filings, which could obscure true leadership costs or indicate an unusual operational model for an organization of this size.
Strengths
The following positive indicators were identified for Murray Hill Place Inc:
- Very low liabilities, often near zero, indicating strong debt management.
- Substantial asset base ($41,875,197 in 2023) provides significant financial stability despite deficits.
- Consistent filing history demonstrates transparency in financial reporting.
Frequently Asked Questions about Murray Hill Place Inc
Is Murray Hill Place Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Murray Hill Place Inc (EIN: 133542148) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Murray Hill Place Inc spend its money?
Murray Hill Place Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Murray Hill Place Inc tax-deductible?
Murray Hill Place Inc is registered as a tax-exempt nonprofit (EIN: 133542148). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Murray Hill Place Inc. sustain its operations with consistent revenue deficits?
The organization sustains its operations by drawing down its substantial asset base, which has decreased from $49,695,726 in 2014 to $41,875,197 in 2023, indicating it is using its reserves to cover operational shortfalls.
What is the nature of the organization's expenses if officer compensation is consistently 0%?
With officer compensation consistently reported as 0%, the significant expenses (e.g., $4,839,880 in 2023) are likely attributable to program delivery, general administrative costs, and potentially other staff salaries not classified as officer compensation.
Is the decreasing asset base a concern for long-term sustainability?
Yes, a sustained decrease in assets, from over $49 million to $41 million over a decade, coupled with consistent operational deficits, raises concerns about the long-term financial sustainability if this trend continues without a strategy to increase revenue or reduce expenses.
Filing History
IRS 990 filing history for Murray Hill Place Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Murray Hill Place Inc's revenue has grown by 7.3%, moving from $2.6M to $2.8M. Total assets decreased by 23.2% over the same period, from $54.5M to $41.9M. Total functional expenses rose by 18.5%, from $4.1M to $4.8M. In its most recent filing year (2023), Murray Hill Place Inc reported a deficit of $2.0M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $4.8M | $41.9M | $0 | — | — |
| 2022 | $5.2M | $4.4M | $43.9M | $28K | — | View 990 |
| 2021 | $5.0M | $4.6M | $43.2M | $24K | — | View 990 |
| 2020 | $3.3M | $3.8M | $43.4M | $232K | — | View 990 |
| 2019 | $3.2M | $4.2M | $43.4M | $38K | — | View 990 |
| 2018 | $3.1M | $4.0M | $44.4M | $55K | — | View 990 |
| 2017 | $2.7M | $4.0M | $45.4M | $29K | — | View 990 |
| 2016 | $2.8M | $4.4M | $46.6M | $46K | — | View 990 |
| 2015 | $2.8M | $4.3M | $48.2M | $28K | — | View 990 |
| 2014 | $2.2M | $4.4M | $49.7M | $31K | — | View 990 |
| 2013 | $2.9M | $4.2M | $51.9M | $35K | — | View 990 |
| 2012 | $2.7M | $4.2M | $53.1M | $28K | — | View 990 |
| 2011 | $2.6M | $4.1M | $54.5M | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $4.8M, and assets of $41.9M (revenue -46.0% year-over-year).
- 2022: Revenue of $5.2M, expenses of $4.4M, and assets of $43.9M (revenue +3.1% year-over-year).
- 2021: Revenue of $5.0M, expenses of $4.6M, and assets of $43.2M (revenue +50.8% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.8M, and assets of $43.4M (revenue +4.8% year-over-year).
- 2019: Revenue of $3.2M, expenses of $4.2M, and assets of $43.4M (revenue +3.3% year-over-year).
- 2018: Revenue of $3.1M, expenses of $4.0M, and assets of $44.4M (revenue +14.9% year-over-year).
- 2017: Revenue of $2.7M, expenses of $4.0M, and assets of $45.4M (revenue -4.7% year-over-year).
- 2016: Revenue of $2.8M, expenses of $4.4M, and assets of $46.6M (revenue +0.4% year-over-year).
- 2015: Revenue of $2.8M, expenses of $4.3M, and assets of $48.2M (revenue +25.6% year-over-year).
- 2014: Revenue of $2.2M, expenses of $4.4M, and assets of $49.7M (revenue -22.7% year-over-year).
- 2013: Revenue of $2.9M, expenses of $4.2M, and assets of $51.9M (revenue +4.9% year-over-year).
- 2012: Revenue of $2.7M, expenses of $4.2M, and assets of $53.1M (revenue +5.3% year-over-year).
- 2011: Revenue of $2.6M, expenses of $4.1M, and assets of $54.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Murray Hill Place Inc:
Data Sources and Methodology
This transparency report for Murray Hill Place 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.