N Y Police And Fire Widows & Childrens Benefit Fund Inc
NY Police And Fire Widows & Childrens Benefit Fund Inc shows consistent deficit spending in recent years despite substantial assets and zero reported officer compensation.
EIN: 133340675 · New York, NY · NTEE: P62Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.5M |
| Total Expenses | $6.5M |
| Program Spending | 75% |
| Net Assets | $56.9M |
| Transparency Score | 80/100 |
Is N Y Police And Fire Widows & Childrens Benefit Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
N Y Police And Fire Widows & Childrens Benefit Fund Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About N Y Police And Fire Widows & Childrens Benefit Fund Inc
N Y Police And Fire Widows & Childrens Benefit Fund Inc (EIN: 133340675) is a nonprofit organization based in New York, NY, classified under NTEE code P62Z. The organization reported total revenue of $17.5M and total assets of $59.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of N Y Police And Fire Widows & Childrens Benefit Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
N Y Police And Fire Widows & Childrens Benefit Fund Inc is a large nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $6.5M |
| Surplus / Deficit | $-2,182,985 |
| Total Assets | $57.0M |
| Total Liabilities | $106K |
| Net Assets | $56.9M |
| Operating Margin | -51.1% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 105.9 months |
Financial Health Grade: B
In 2023, N Y Police And Fire Widows & Childrens Benefit Fund Inc reported a deficit of $2.2M with expenses exceeding revenue, holds 105.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), N Y Police And Fire Widows & Childrens Benefit Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.4% | -3.5% | +8.4% |
| 2022 | -71.4% | -6.2% | -16.0% |
| 2021 | +399.3% | +29.7% | +8.1% |
| 2020 | -50.3% | -14.6% | +2.8% |
| 2019 | +7.7% | +27.6% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 N Y Police And Fire Widows & Childrens Benefit Fund Inc with a Mission Score of 80 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: 75%
- fundraising: 10%
According to IRS 990 filings, N Y Police And Fire Widows & Childrens Benefit Fund 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 $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating either a fully volunteer leadership or that compensation is categorized differently, which is a strong positive for transparency regarding direct officer 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 N Y Police And Fire Widows & Childrens Benefit Fund Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 202312 expenses $6.4M vs. revenue $4.2M)
- Significant year-over-year revenue volatility (e.g., $16.5M in 202112 vs. $4.2M in 202312)
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for N Y Police And Fire Widows & Childrens Benefit Fund Inc:
- Substantial asset base ($56,968,968 in 202312) providing financial stability
- Consistently reported 0% officer compensation, indicating strong governance or volunteer leadership
- Clear mission aligned with NTEE code P62Z (Public Safety, Disaster Preparedness & Relief)
- Long filing history (14 filings) suggesting established operations
Frequently Asked Questions about N Y Police And Fire Widows & Childrens Benefit Fund Inc
Is N Y Police And Fire Widows & Childrens Benefit Fund Inc a legitimate charity?
N Y Police And Fire Widows & Childrens Benefit Fund Inc (EIN: 133340675) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 14 years of IRS 990 filings on record. Total revenue: $17.5M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does N Y Police And Fire Widows & Childrens Benefit Fund Inc spend its money?
N Y Police And Fire Widows & Childrens Benefit Fund Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to N Y Police And Fire Widows & Childrens Benefit Fund Inc tax-deductible?
N Y Police And Fire Widows & Childrens Benefit Fund Inc is registered as a tax-exempt nonprofit (EIN: 133340675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of N Y Police And Fire Widows & Childrens Benefit Fund Inc's spending goes to programs?
N Y Police And Fire Widows & Childrens Benefit Fund Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does N Y Police And Fire Widows & Childrens Benefit Fund Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), N Y Police And Fire Widows & Childrens Benefit Fund Inc is above average for NTEE category P62Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is N Y Police And Fire Widows & Childrens Benefit Fund Inc located?
N Y Police And Fire Widows & Childrens Benefit Fund Inc is headquartered in New York, New York and files with the IRS under EIN 133340675. It is classified under NTEE code P62Z.
How many years of IRS 990 filings does N Y Police And Fire Widows & Childrens Benefit Fund Inc have?
N Y Police And Fire Widows & Childrens Benefit Fund Inc has 14 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 $17.5M in total revenue.
Is N Y Police And Fire Widows & Childrens Benefit Fund Inc a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its substantial assets ($56,968,968 in 202312), consistent 0% officer compensation, and clear mission. However, recent deficit spending (e.g., $6,456,733 expenses vs. $4,273,748 revenue in 202312) suggests a need to monitor financial sustainability.
Why are expenses exceeding revenue in recent years?
In 202312, expenses ($6,456,733) exceeded revenue ($4,273,748), and a similar trend was observed in 202212. This could be due to increased program demands, strategic spending from accumulated reserves, or a temporary dip in fundraising, but without further detail, the exact reason is unclear.
How does the organization manage its significant assets?
The organization maintains substantial assets, reaching $59,881,731 in total. While the filings show the asset value, specific details on how these assets are invested or managed to support the mission are not provided in this summary.
What caused the large revenue spike in 2021?
Revenue in 202112 was $16,506,243, significantly higher than other years. This could be attributed to a major fundraising campaign, a large one-time donation, or substantial investment gains during that period.
Is the organization financially sustainable given recent deficits?
While the organization has substantial assets ($56,968,968 in 202312) that can absorb short-term deficits, a sustained trend of expenses exceeding revenue, as seen in 202312 and 202212, could impact long-term financial sustainability if not addressed through increased revenue or expense management.
Filing History
IRS 990 filing history for N Y Police And Fire Widows & Childrens Benefit Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), N Y Police And Fire Widows & Childrens Benefit Fund Inc's revenue has grown by 22.8%, moving from $3.5M to $4.3M. Total assets increased by 31.1% over the same period, from $43.4M to $57.0M. Total functional expenses rose by 121.4%, from $2.9M to $6.5M. In its most recent filing year (2023), N Y Police And Fire Widows & Childrens Benefit Fund Inc reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $106K in liabilities against $57.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $56.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $6.5M | $57.0M | $106K | — | View 990 |
| 2022 | $4.7M | $6.7M | $52.5M | $310K | — | — |
| 2021 | $16.5M | $7.1M | $62.5M | $155K | — | View 990 |
| 2020 | $3.3M | $5.5M | $57.8M | $60K | — | — |
| 2019 | $6.6M | $6.4M | $56.3M | $31K | — | View 990 |
| 2018 | $6.2M | $5.0M | $52.2M | $34K | — | View 990 |
| 2017 | $5.1M | $4.8M | $55.2M | $115K | — | View 990 |
| 2016 | $5.9M | $5.2M | $52.3M | $602K | — | View 990 |
| 2015 | $4.5M | $4.5M | $48.6M | $299K | — | View 990 |
| 2014 | $6.6M | $3.1M | $51.7M | $298K | — | View 990 |
| 2013 | $4.5M | $3.3M | $48.4M | $462K | — | View 990 |
| 2012 | $4.1M | $3.8M | $47.0M | $529K | — | View 990 |
| 2011 | $4.7M | $3.3M | $43.9M | $97K | — | View 990 |
| 2010 | $3.5M | $2.9M | $43.4M | $84K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $6.5M, and assets of $57.0M (revenue -9.4% year-over-year).
- 2022: Revenue of $4.7M, expenses of $6.7M, and assets of $52.5M (revenue -71.4% year-over-year).
- 2021: Revenue of $16.5M, expenses of $7.1M, and assets of $62.5M (revenue +399.3% year-over-year).
- 2020: Revenue of $3.3M, expenses of $5.5M, and assets of $57.8M (revenue -50.3% year-over-year).
- 2019: Revenue of $6.6M, expenses of $6.4M, and assets of $56.3M (revenue +7.7% year-over-year).
- 2018: Revenue of $6.2M, expenses of $5.0M, and assets of $52.2M (revenue +22.0% year-over-year).
- 2017: Revenue of $5.1M, expenses of $4.8M, and assets of $55.2M (revenue -14.9% year-over-year).
- 2016: Revenue of $5.9M, expenses of $5.2M, and assets of $52.3M (revenue +30.8% year-over-year).
- 2015: Revenue of $4.5M, expenses of $4.5M, and assets of $48.6M (revenue -31.1% year-over-year).
- 2014: Revenue of $6.6M, expenses of $3.1M, and assets of $51.7M (revenue +47.3% year-over-year).
- 2013: Revenue of $4.5M, expenses of $3.3M, and assets of $48.4M (revenue +10.1% year-over-year).
- 2012: Revenue of $4.1M, expenses of $3.8M, and assets of $47.0M (revenue -14.1% year-over-year).
- 2011: Revenue of $4.7M, expenses of $3.3M, and assets of $43.9M (revenue +36.0% year-over-year).
- 2010: Revenue of $3.5M, expenses of $2.9M, and assets of $43.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for N Y Police And Fire Widows & Childrens Benefit Fund Inc:
Data Sources and Methodology
This transparency report for N Y Police And Fire Widows & Childrens Benefit Fund 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.