New 42 Nd Street Inc
New 42 Nd Street Inc consistently generates revenue exceeding expenses with zero reported officer compensation.
EIN: 133584032 · New York, NY · NTEE: A190 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.8M |
| Total Expenses | $21.0M |
| Program Spending | 85% |
| Net Assets | $46.3M |
| Transparency Score | 95/100 |
Is New 42 Nd Street Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New 42 Nd Street Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New 42 Nd Street Inc
New 42 Nd Street Inc (EIN: 133584032) is a nonprofit organization based in New York, NY, classified under NTEE code A190. The organization reported total revenue of $32.8M and total assets of $57.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New 42 Nd Street Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New 42 Nd Street Inc is a large 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 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.6M |
| Total Expenses | $21.0M |
| Surplus / Deficit | +$2.5M |
| Total Assets | $52.3M |
| Total Liabilities | $6.0M |
| Net Assets | $46.3M |
| Operating Margin | 10.7% |
| Debt-to-Asset Ratio | 11.5% |
| Months of Reserves | 29.8 months |
Financial Health Grade: A
In 2023, New 42 Nd Street Inc reported a surplus of $2.5M with revenue exceeding expenses, holds 29.8 months of operating reserves (strong position), has a debt-to-asset ratio of 11.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New 42 Nd Street Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.1% | +8.8% | +5.9% |
| 2022 | +46.7% | +35.9% | +9.3% |
| 2021 | -10.5% | -28.4% | -2.2% |
| 2020 | -5.8% | -3.5% | +0.6% |
| 2019 | +5.0% | +12.5% | -0.2% |
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 New 42 Nd Street Inc with a Mission Score of 95 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, New 42 Nd Street Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, or trustees. This is an exceptional level of financial transparency and a strong positive indicator for the organization's commitment to its 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.
Strengths
The following positive indicators were identified for New 42 Nd Street Inc:
- Consistent revenue generation and financial surpluses in recent years (e.g., 202306: Revenue $23,576,562 vs. Expenses $21,044,696).
- Strong and consistent asset growth over the past decade, from $46,209,839 in 2014 to $57,751,397 currently.
- Exceptional transparency with 0% reported officer compensation across all available filings.
- Manageable liabilities relative to assets, indicating financial stability (e.g., 202306: Liabilities $6,038,670 vs. Assets $52,293,407).
- Efficient spending, with expenses generally below or close to revenue, allowing for reinvestment and growth.
Frequently Asked Questions about New 42 Nd Street Inc
Is New 42 Nd Street Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New 42 Nd Street Inc (EIN: 133584032) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does New 42 Nd Street Inc spend its money?
New 42 Nd Street Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New 42 Nd Street Inc tax-deductible?
New 42 Nd Street Inc is registered as a tax-exempt nonprofit (EIN: 133584032). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New 42 Nd Street Inc's spending goes to programs?
New 42 Nd Street Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New 42 Nd Street Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), New 42 Nd Street Inc is above average for NTEE category A190 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New 42 Nd Street Inc located?
New 42 Nd Street Inc is headquartered in New York, New York and files with the IRS under EIN 133584032. It is classified under NTEE code A190.
How many years of IRS 990 filings does New 42 Nd Street Inc have?
New 42 Nd Street Inc 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 $32.8M in total revenue.
Is New 42 Nd Street Inc a good charity?
Based on the financial data, New 42 Nd Street Inc appears to be a very good charity. They consistently manage their finances well, show strong asset growth, and report 0% officer compensation, which is a rare and highly positive sign of dedication to their mission.
How has New 42 Nd Street Inc's revenue trended over the last decade?
New 42 Nd Street Inc's revenue has shown a generally positive trend, increasing from $17,468,735 in 2014 to $23,576,562 in 2023, with some fluctuations. The latest reported revenue of $32,827,741 (latest available) indicates significant growth.
What is the organization's asset growth like?
The organization has demonstrated consistent asset growth, increasing from $46,209,839 in 2014 to $52,293,407 in 2023, and currently stands at $57,751,397. This indicates strong financial stewardship and accumulation of resources.
Filing History
IRS 990 filing history for New 42 Nd Street Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New 42 Nd Street Inc's revenue has grown by 76.9%, moving from $13.3M to $23.6M. Total assets increased by 4.4% over the same period, from $50.1M to $52.3M. Total functional expenses rose by 53.4%, from $13.7M to $21.0M. In its most recent filing year (2023), New 42 Nd Street Inc reported a surplus of $2.5M, with revenue exceeding expenses. The organization holds $6.0M in liabilities against $52.3M in assets (debt-to-asset ratio: 11.5%), resulting in net assets of $46.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.6M | $21.0M | $52.3M | $6.0M | — | — |
| 2022 | $24.1M | $19.3M | $49.4M | $5.8M | — | View 990 |
| 2021 | $16.4M | $14.2M | $45.2M | $6.4M | — | — |
| 2020 | $18.4M | $19.9M | $46.2M | $9.6M | — | View 990 |
| 2019 | $19.5M | $20.6M | $45.9M | $7.8M | — | View 990 |
| 2018 | $18.5M | $18.3M | $46.0M | $6.8M | — | View 990 |
| 2017 | $18.0M | $18.2M | $44.0M | $5.0M | — | View 990 |
| 2016 | $14.7M | $18.2M | $43.9M | $4.6M | — | View 990 |
| 2015 | $18.2M | $17.1M | $46.3M | $3.6M | — | View 990 |
| 2014 | $17.5M | $16.8M | $46.2M | $4.6M | — | View 990 |
| 2013 | $13.8M | $15.8M | $48.1M | $7.2M | — | View 990 |
| 2012 | $14.0M | $15.2M | $50.0M | $7.1M | — | View 990 |
| 2011 | $13.3M | $13.7M | $50.1M | $5.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.6M, expenses of $21.0M, and assets of $52.3M (revenue -2.1% year-over-year).
- 2022: Revenue of $24.1M, expenses of $19.3M, and assets of $49.4M (revenue +46.7% year-over-year).
- 2021: Revenue of $16.4M, expenses of $14.2M, and assets of $45.2M (revenue -10.5% year-over-year).
- 2020: Revenue of $18.4M, expenses of $19.9M, and assets of $46.2M (revenue -5.8% year-over-year).
- 2019: Revenue of $19.5M, expenses of $20.6M, and assets of $45.9M (revenue +5.0% year-over-year).
- 2018: Revenue of $18.5M, expenses of $18.3M, and assets of $46.0M (revenue +3.2% year-over-year).
- 2017: Revenue of $18.0M, expenses of $18.2M, and assets of $44.0M (revenue +22.2% year-over-year).
- 2016: Revenue of $14.7M, expenses of $18.2M, and assets of $43.9M (revenue -19.3% year-over-year).
- 2015: Revenue of $18.2M, expenses of $17.1M, and assets of $46.3M (revenue +4.3% year-over-year).
- 2014: Revenue of $17.5M, expenses of $16.8M, and assets of $46.2M (revenue +26.4% year-over-year).
- 2013: Revenue of $13.8M, expenses of $15.8M, and assets of $48.1M (revenue -1.1% year-over-year).
- 2012: Revenue of $14.0M, expenses of $15.2M, and assets of $50.0M (revenue +4.9% year-over-year).
- 2011: Revenue of $13.3M, expenses of $13.7M, and assets of $50.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New 42 Nd Street Inc:
Data Sources and Methodology
This transparency report for New 42 Nd Street 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.