New York Central Trust
New York Central Trust consistently operates at a deficit despite substantial assets, raising long-term sustainability concerns.
EIN: 146018202 · Valley Forge, PA · NTEE: T22 · Updated: 2026-03-28
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New York Central Trust is mapped to EIN 146018202.
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70% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $942K |
| Total Expenses | $968K |
| Program Spending | 70% |
| Net Assets | $5.8M |
| Transparency Score | 65/100 |
Search Intent Cockpit
New York Central Trust Form 990, Revenue, CEO Pay, and IRS Filing Signals
New York Central Trust 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 Central Trust in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $802K and expenses of $968K.
Revenue and Expenses
New York Central Trust reported $802K in revenue and $968K in expenses, a deficit of $166K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is New York Central Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $678K (70%) |
Across stored filings, New York Central Trust shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with The Garage Community And Youth Center | Pennsylvania and Philanthropy context |
Trust Check
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Request a concise report for New York Central Trust 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 Central Trust directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New York Central Trust
New York Central Trust (EIN: 146018202) is a nonprofit organization based in Valley Forge, PA, classified under NTEE code T22. The organization reported total revenue of $942K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Central Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Central Trust is a small nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $802K |
| Total Expenses | $968K |
| Surplus / Deficit | $-165,984 |
| Total Assets | $5.8M |
| Total Liabilities | $1 |
| Net Assets | $5.8M |
| Operating Margin | -20.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 72.0 months |
Financial Health Grade: B
In 2023, New York Central Trust reported a deficit of $166K with expenses exceeding revenue, holds 72.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), New York Central Trust's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +87.7% | +40.7% | -2.8% |
| 2022 | -55.6% | +15.5% | -4.2% |
| 2021 | +32.7% | +4.4% | +6.2% |
| 2020 | +45.7% | -0.4% | +2.7% |
| 2019 | +0.8% | +1.7% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Central Trust with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New York Central Trust allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $166K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
New York Central Trust reports 0% officer compensation across all available filings, indicating that no executive salaries are paid from the organization's funds, which is highly favorable for donor perception.
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 Central Trust's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023 expenses exceeded revenue by $165,984).
- Unusually low and consistent $1 reported liabilities across all filings, raising transparency questions.
- Fluctuating and slightly declining asset base over the long term, indicating potential use of reserves for operations.
Strengths
The following positive indicators were identified for New York Central Trust:
- Substantial asset base of over $6 million provides financial stability despite operational deficits.
- No reported officer compensation, indicating efficient use of funds regarding executive pay.
- Long filing history (10 filings) demonstrates consistent reporting to the IRS.
Frequently Asked Questions about New York Central Trust
Is New York Central Trust a legitimate charity?
New York Central Trust (EIN: 146018202) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $942K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does New York Central Trust spend its money?
New York Central Trust directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New York Central Trust tax-deductible?
New York Central Trust is registered as a tax-exempt nonprofit (EIN: 146018202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Central Trust's spending goes to programs?
New York Central Trust directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does New York Central Trust compare to similar nonprofits?
With a transparency score of 65/100 (Good), New York Central Trust is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Central Trust located?
New York Central Trust is headquartered in Valley Forge, Pennsylvania and files with the IRS under EIN 146018202. It is classified under NTEE code T22.
How many years of IRS 990 filings does New York Central Trust have?
New York Central Trust has 10 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 $942K in total revenue.
How does New York Central Trust cover its operational deficits?
Given the consistent deficits in recent years (e.g., $165,984 in 2023 and $260,694 in 2022), the organization likely draws from its substantial asset base of over $6 million to cover operational expenses. This is not sustainable long-term without a significant increase in revenue or reduction in expenses.
What is the nature of the consistently reported $1 liability?
The consistent reporting of $1 in liabilities across all filings is highly unusual for an organization of this size and asset base. It could indicate a specific accounting practice, a trust structure where liabilities are held elsewhere, or potentially incomplete disclosure of actual financial obligations.
Is the organization's asset base growing or shrinking?
The organization's assets have fluctuated but show a slight decline over the long term, from $6,296,855 in 2014 to $5,805,531 in 2023, despite a recent increase to $6,077,692. This trend, coupled with operational deficits, suggests assets are being utilized to sustain operations rather than grow.
Filing History
IRS 990 filing history for New York Central Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), New York Central Trust's revenue has grown by 170.6%, moving from $296K to $802K. Total assets decreased by 6.2% over the same period, from $6.2M to $5.8M. Total functional expenses rose by 149.8%, from $387K to $968K. In its most recent filing year (2023), New York Central Trust reported a deficit of $166K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $802K | $968K | $5.8M | $1 | — | View 990 |
| 2022 | $427K | $688K | $6.0M | $1 | — | View 990 |
| 2021 | $961K | $596K | $6.2M | $1 | — | — |
| 2020 | $724K | $571K | $5.9M | $1 | — | — |
| 2019 | $497K | $573K | $5.7M | $1 | — | View 990 |
| 2015 | $493K | $563K | $6.2M | $1 | — | View 990 |
| 2014 | $446K | $316K | $6.3M | $1 | — | View 990 |
| 2013 | $472K | $517K | $6.2M | $1 | — | View 990 |
| 2012 | $296K | $297K | $6.2M | $1 | — | View 990 |
| 2011 | $296K | $387K | $6.2M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $802K, expenses of $968K, and assets of $5.8M (revenue +87.7% year-over-year).
- 2022: Revenue of $427K, expenses of $688K, and assets of $6.0M (revenue -55.6% year-over-year).
- 2021: Revenue of $961K, expenses of $596K, and assets of $6.2M (revenue +32.7% year-over-year).
- 2020: Revenue of $724K, expenses of $571K, and assets of $5.9M (revenue +45.7% year-over-year).
- 2019: Revenue of $497K, expenses of $573K, and assets of $5.7M (revenue +0.8% year-over-year).
- 2015: Revenue of $493K, expenses of $563K, and assets of $6.2M (revenue +10.6% year-over-year).
- 2014: Revenue of $446K, expenses of $316K, and assets of $6.3M (revenue -5.4% year-over-year).
- 2013: Revenue of $472K, expenses of $517K, and assets of $6.2M (revenue +59.3% year-over-year).
- 2012: Revenue of $296K, expenses of $297K, and assets of $6.2M (revenue -0.1% year-over-year).
- 2011: Revenue of $296K, expenses of $387K, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Central Trust:
Data Sources and Methodology
This transparency report for New York Central Trust 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.