New York Academy Of Medicine

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New York Academy Of Medicine Form 990, Revenue, CEO Pay, and IRS Filing Signals

New York Academy Of Medicine is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New York Academy Of Medicine in one place.

Is New York Academy Of Medicine Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for New York Academy Of Medicine with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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New York Academy Of Medicine directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About New York Academy Of Medicine

New York Academy Of Medicine (EIN: 131656674) is a nonprofit organization based in New York, NY, classified under NTEE code E050. The organization reported total revenue of $11.0M and total assets of $64.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Academy Of Medicine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

New York Academy Of Medicine is a large nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, New York Academy Of Medicine reported a surplus of $5.9M with revenue exceeding expenses, holds 60.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.0% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), New York Academy Of Medicine's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.

IRS Tax-Exempt Classification

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 York Academy Of Medicine with a Mission Score of 75 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, New York Academy Of Medicine 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 surplus of $5.9M, with revenue exceeding expenses.
• Debt-to-asset ratio: 4.0%.

Executive Compensation Analysis

The New York Academy of Medicine consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $10 million and assets over $60 million. This suggests either a unique executive compensation structure not captured in this field, reliance on volunteer leadership, or a potential reporting anomaly that impacts transparency regarding leadership costs.

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 New York Academy Of Medicine's IRS 990 filings:

• Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and warrants further scrutiny for transparency.
• Multiple years of operating deficits (e.g., 2015-2022), indicating that the organization was spending more than it earned for an extended period, though this trend reversed positively in 2023.

Strengths

The following positive indicators were identified for New York Academy Of Medicine:

• Significant financial turnaround in 2023, reporting a $5.9 million surplus after several years of deficits.
• Strong and stable asset base, consistently above $60 million, providing long-term financial security.
• Demonstrated ability to attract substantial funding, as evidenced by the $19.1 million revenue in 2023.
• Long operating history with 13 years of available filings, indicating established presence and experience.

Frequently Asked Questions about New York Academy Of Medicine

Filing History

IRS 990 filing history for New York Academy Of Medicine showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New York Academy Of Medicine's revenue has declined by 51.2%, moving from $39.2M to $19.2M. Total assets decreased by 34.2% over the same period, from $101.1M to $66.5M. Total functional expenses fell by 32.4%, from $19.6M to $13.2M. In its most recent filing year (2023), New York Academy Of Medicine reported a surplus of $5.9M, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $66.5M in assets (debt-to-asset ratio: 4.0%), resulting in net assets of $63.8M.

Year-by-Year Financial Summary

• 2023: Revenue of $19.2M, expenses of $13.2M, and assets of $66.5M (revenue +67.6% year-over-year).
• 2022: Revenue of $11.4M, expenses of $12.3M, and assets of $66.9M (revenue +0.5% year-over-year).
• 2021: Revenue of $11.4M, expenses of $12.6M, and assets of $83.8M (revenue +19.6% year-over-year).
• 2020: Revenue of $9.5M, expenses of $12.6M, and assets of $78.1M (revenue -19.8% year-over-year).
• 2019: Revenue of $11.9M, expenses of $16.4M, and assets of $78.9M (revenue -12.2% year-over-year).
• 2018: Revenue of $13.5M, expenses of $15.1M, and assets of $74.1M (revenue -18.8% year-over-year).
• 2017: Revenue of $16.6M, expenses of $16.2M, and assets of $82.0M (revenue +13.3% year-over-year).
• 2016: Revenue of $14.7M, expenses of $16.8M, and assets of $80.6M (revenue +32.7% year-over-year).
• 2015: Revenue of $11.1M, expenses of $18.0M, and assets of $82.6M (revenue +5.8% year-over-year).
• 2014: Revenue of $10.5M, expenses of $17.3M, and assets of $94.8M (revenue +22.9% year-over-year).
• 2013: Revenue of $8.5M, expenses of $17.5M, and assets of $100.6M (revenue -24.6% year-over-year).
• 2012: Revenue of $11.3M, expenses of $18.1M, and assets of $101.6M (revenue -71.2% year-over-year).
• 2011: Revenue of $39.2M, expenses of $19.6M, and assets of $101.1M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for New York Academy Of Medicine:

Data Sources and Methodology

This transparency report for New York Academy Of Medicine 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.