New York Center For Living

New York Center For Living consistently operates at a deficit, drawing down significant assets.

EIN: 202313022 · New York, NY · NTEE: E20 · Updated: 2026-03-28

$2.5MRevenue

$69.3MAssets

55/100Mission Score (Fair)

E20

About New York Center For Living

New York Center For Living (EIN: 202313022) is a nonprofit organization based in New York, NY, classified under NTEE code E20. The organization reported total revenue of $2.5M and total assets of $69.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Center For Living's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The New York Center For Living exhibits a concerning trend of operating deficits over the past several years, with expenses consistently exceeding revenue. For instance, in 2023, expenses were $4,027,731 against revenues of $2,466,148, resulting in a significant deficit. This pattern suggests potential long-term financial instability if not addressed. Despite these operational deficits, the organization maintains substantial assets, reported at $64,650,029 in 2023, which provides a buffer. However, the consistent decline in assets from a high of $71,196,510 in 2020 to $64,650,029 in 2023 indicates that the organization may be drawing down its reserves to cover operational shortfalls. The lack of reported officer compensation across all filings suggests a potential for high transparency in this area, or that compensation is structured differently and not reported under this specific line item.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New York Center For Living with a Mission Score of 55 out of 100 (Fair). 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 Center For Living 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.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with substantial assets and expenses. This could indicate that executive compensation is either very low, not reported under 'officer compensation' (e.g., reported as staff salaries), or that the organization relies heavily on volunteer leadership.

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 Center For Living's IRS 990 filings:

Consistent operational deficits (e.g., 2023 revenue $2.46M vs. expenses $4.02M)
Declining asset base over recent years (from $71.1M in 2020 to $64.6M in 2023)
Unexplained 0% officer compensation across all filings

Strengths

The following positive indicators were identified for New York Center For Living:

Substantial asset base ($64.6M in 2023) providing financial stability despite deficits
Low liabilities relative to assets (e.g., $137,412 liabilities vs. $64.6M assets in 2023)

Frequently Asked Questions about New York Center For Living

Why has the organization consistently operated at a deficit?

The filings show a consistent trend where expenses exceed revenue, for example, in 2023, expenses were $4,027,731 while revenue was $2,466,148. This pattern has been observed in most recent years, indicating a structural imbalance.

How is the organization funding its operational deficits?

Given the consistent deficits and the decline in total assets from $71,196,510 in 2020 to $64,650,029 in 2023, it appears the organization is likely drawing down its reserves or investment principal to cover operational shortfalls.

What is the breakdown of the organization's expenses?

Without detailed expense breakdowns in the provided data, it's difficult to ascertain the exact percentages for programs, administration, and fundraising. However, a general assumption for a well-run nonprofit would aim for a high percentage in programs.

What is the reason for 0% officer compensation reported across all filings?

The consistent reporting of 0% officer compensation is unusual and warrants further investigation. It could mean that executive roles are unpaid, compensated through other means not categorized as 'officer compensation' on the 990, or that the organization has a unique leadership structure.

Filing History

IRS 990 filing history for New York Center For Living showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), New York Center For Living's revenue has grown by 44.3%, moving from $1.7M to $2.5M. Total assets increased by 18.3% over the same period, from $54.7M to $64.7M. Total functional expenses rose by 63.6%, from $2.5M to $4.0M. In its most recent filing year (2023), New York Center For Living reported a deficit of $1.6M, with expenses exceeding revenue. The organization holds $137K in liabilities against $64.7M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $64.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.5M	$4.0M	$64.7M	$137K	—	View 990
2022	$4.1M	$5.0M	$59.1M	$186K	—	View 990
2021	$5.4M	$6.8M	$69.2M	$394K	—	View 990
2020	$3.1M	$4.3M	$71.2M	$533K	—	View 990
2019	$2.5M	$3.5M	$63.3M	$139K	—	View 990
2018	$4.8M	$3.3M	$57.0M	$149K	—	View 990
2017	$3.3M	$3.2M	$61.6M	$97K	—	—
2016	$2.8M	$3.0M	$57.7M	$136K	—	View 990
2015	$2.7M	$2.6M	$56.9M	$79K	—	View 990
2014	$5.6M	$3.0M	$59.7M	$159K	—	View 990
2013	$1.6M	$3.2M	$58.9M	$314K	—	View 990
2012	$1.8M	$2.9M	$54.6M	$130K	—	View 990
2011	$3.6M	$2.6M	$52.8M	$137K	—	View 990
2010	$1.7M	$2.5M	$54.7M	$105K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.5M, expenses of $4.0M, and assets of $64.7M (revenue -39.6% year-over-year).
2022: Revenue of $4.1M, expenses of $5.0M, and assets of $59.1M (revenue -24.9% year-over-year).
2021: Revenue of $5.4M, expenses of $6.8M, and assets of $69.2M (revenue +76.9% year-over-year).
2020: Revenue of $3.1M, expenses of $4.3M, and assets of $71.2M (revenue +22.2% year-over-year).
2019: Revenue of $2.5M, expenses of $3.5M, and assets of $63.3M (revenue -47.0% year-over-year).
2018: Revenue of $4.8M, expenses of $3.3M, and assets of $57.0M (revenue +44.9% year-over-year).
2017: Revenue of $3.3M, expenses of $3.2M, and assets of $61.6M (revenue +15.7% year-over-year).
2016: Revenue of $2.8M, expenses of $3.0M, and assets of $57.7M (revenue +3.3% year-over-year).
2015: Revenue of $2.7M, expenses of $2.6M, and assets of $56.9M (revenue -51.3% year-over-year).
2014: Revenue of $5.6M, expenses of $3.0M, and assets of $59.7M (revenue +262.5% year-over-year).
2013: Revenue of $1.6M, expenses of $3.2M, and assets of $58.9M (revenue -12.4% year-over-year).
2012: Revenue of $1.8M, expenses of $2.9M, and assets of $54.6M (revenue -50.4% year-over-year).
2011: Revenue of $3.6M, expenses of $2.6M, and assets of $52.8M (revenue +109.3% year-over-year).
2010: Revenue of $1.7M, expenses of $2.5M, and assets of $54.7M.

Data Sources and Methodology

This transparency report for New York Center For Living 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.