New York Bar Foundation
New York Bar Foundation maintains substantial assets while experiencing fluctuating revenues and operating deficits in recent years, with no reported executive compensation.
EIN: 146029915 · Albany, NY · NTEE: I128 · Updated: 2026-03-28
Is New York Bar Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Bar Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Bar Foundation
New York Bar Foundation (EIN: 146029915) is a nonprofit organization based in Albany, NY, classified under NTEE code I128. The organization reported total revenue of $5.4M and total assets of $13.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Bar Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Bar Foundation is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-423,126 |
| Total Assets | $12.4M |
| Total Liabilities | $9K |
| Net Assets | $12.4M |
| Operating Margin | -38.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 97.6 months |
Financial Health Grade: B
In 2023, New York Bar Foundation reported a deficit of $423K with expenses exceeding revenue, holds 97.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Bar Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +74.0% | +5.1% | +4.4% |
| 2022 | -64.0% | +15.2% | -19.6% |
| 2021 | +45.5% | -2.3% | +5.8% |
| 2020 | +10.8% | +3.1% | +5.3% |
| 2019 | -9.3% | -1.3% | +6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1958 |
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 Bar Foundation with a Mission Score of 85 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: 80%
- fundraising: 5%
According to IRS 990 filings, New York Bar Foundation 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 $423K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The New York Bar Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which is highly favorable for directing resources to programmatic activities.
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 Bar Foundation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202312, 202212, 202012, 201912, 201812, 201612), where expenses exceeded revenue.
- Significant fluctuation in annual revenue, making financial planning and stability potentially challenging.
Strengths
The following positive indicators were identified for New York Bar Foundation:
- Zero reported officer compensation across all filings, indicating efficient use of funds for mission.
- Strong asset base, consistently over $11 million, providing financial stability and reserves.
- Low liabilities relative to assets, suggesting good financial management and minimal debt.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about New York Bar Foundation
Is New York Bar Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Bar Foundation (EIN: 146029915) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does New York Bar Foundation spend its money?
New York Bar Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Bar Foundation tax-deductible?
New York Bar Foundation is registered as a tax-exempt nonprofit (EIN: 146029915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant revenue increase to $5,434,514 in the latest period, compared to previous years?
The provided data does not specify the source of this revenue spike, but it represents a substantial increase from prior years' revenues, which typically ranged from $600,000 to $2.6 million.
How does the organization cover its operating deficits, such as the $423,126 deficit in 202312 and $818,470 in 202212?
The organization likely covers these deficits by drawing from its substantial asset base, which has consistently been over $11 million. This is sustainable in the short term but warrants monitoring.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 summary data does not offer a detailed breakdown of these expense categories, making it difficult to precisely assess spending efficiency beyond the overall expense figures.
Filing History
IRS 990 filing history for New York Bar Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Bar Foundation's revenue has grown by 15.2%, moving from $957K to $1.1M. Total assets increased by 10.7% over the same period, from $11.2M to $12.4M. Total functional expenses fell by 3.4%, from $1.6M to $1.5M. In its most recent filing year (2023), New York Bar Foundation reported a deficit of $423K, with expenses exceeding revenue. The organization holds $9K in liabilities against $12.4M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $12.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.5M | $12.4M | $9K | — | View 990 |
| 2022 | $634K | $1.5M | $11.9M | $7K | — | — |
| 2021 | $1.8M | $1.3M | $14.8M | $50K | — | — |
| 2020 | $1.2M | $1.3M | $14.0M | $23K | — | View 990 |
| 2019 | $1.1M | $1.3M | $13.3M | $51K | — | View 990 |
| 2018 | $1.2M | $1.3M | $12.4M | $63K | — | View 990 |
| 2017 | $2.5M | $2.0M | $13.1M | $23K | — | View 990 |
| 2016 | $1.2M | $1.6M | $12.1M | $41K | — | View 990 |
| 2015 | $2.3M | $1.0M | $12.6M | $70K | — | View 990 |
| 2014 | $2.7M | $2.0M | $11.7M | $37K | — | View 990 |
| 2013 | $1.2M | $1.2M | $11.4M | $33K | — | View 990 |
| 2012 | $1.2M | $1.2M | $11.2M | $32K | — | View 990 |
| 2011 | $957K | $1.6M | $11.2M | $67K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.5M, and assets of $12.4M (revenue +74.0% year-over-year).
- 2022: Revenue of $634K, expenses of $1.5M, and assets of $11.9M (revenue -64.0% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.3M, and assets of $14.8M (revenue +45.5% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $14.0M (revenue +10.8% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.3M, and assets of $13.3M (revenue -9.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.3M, and assets of $12.4M (revenue -51.2% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.0M, and assets of $13.1M (revenue +108.1% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.6M, and assets of $12.1M (revenue -47.9% year-over-year).
- 2015: Revenue of $2.3M, expenses of $1.0M, and assets of $12.6M (revenue -15.0% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.0M, and assets of $11.7M (revenue +123.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $11.4M (revenue +1.3% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $11.2M (revenue +23.5% year-over-year).
- 2011: Revenue of $957K, expenses of $1.6M, and assets of $11.2M.
Data Sources and Methodology
This transparency report for New York Bar Foundation 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.