New York City Center Inc
New York City Center Inc maintains strong asset growth and reports zero officer compensation amidst fluctuating revenues.
EIN: 132867442 · New York, NY · NTEE: A610 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33.5M |
| Total Expenses | $26.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $33,488,294 |
| Net Assets | $70.9M |
| Transparency Score | 95/100 |
Is New York City Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York City Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York City Center Inc
New York City Center Inc (EIN: 132867442) is a nonprofit organization based in New York, NY, classified under NTEE code A610. The organization reported total revenue of $33.5M and total assets of $77.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York City Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York City Center Inc is a large nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.7M |
| Total Expenses | $26.7M |
| Surplus / Deficit | $-3,001,295 |
| Total Assets | $75.4M |
| Total Liabilities | $4.5M |
| Net Assets | $70.9M |
| Operating Margin | -12.7% |
| Debt-to-Asset Ratio | 5.9% |
| Months of Reserves | 33.9 months |
Financial Health Grade: B
In 2023, New York City Center Inc reported a deficit of $3.0M with expenses exceeding revenue, holds 33.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York City Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.9% | +5.2% | -0.7% |
| 2022 | +16.5% | +105.1% | +5.7% |
| 2021 | +34.1% | -47.6% | +34.1% |
| 2020 | -17.8% | -13.0% | -7.2% |
| 2019 | -8.9% | +7.5% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1976 |
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 City Center 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 York City Center 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 deficit of $3.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.9%.
Executive Compensation Analysis
New York City Center Inc consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is an exceptional practice for an organization of its size, with latest revenue of $33,488,294 and assets of $77,731,678, and suggests a strong commitment to directing resources towards 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 York City Center Inc:
- Consistent asset growth, from $47M in 2014 to $77M in 2023, indicating strong financial management.
- Zero officer compensation reported across all filings, demonstrating exceptional transparency and resource allocation.
- Manageable liabilities relative to assets, suggesting good solvency and financial stability.
- Resilience in revenue, rebounding from pandemic-related dips (e.g., from $21M in 2020 to $33M in 2022).
Frequently Asked Questions about New York City Center Inc
Is New York City Center Inc a legitimate charity?
New York City Center Inc (EIN: 132867442) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $33.5M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does New York City Center Inc spend its money?
New York City Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York City Center Inc tax-deductible?
New York City Center Inc is registered as a tax-exempt nonprofit (EIN: 132867442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York City Center Inc CEO make?
New York City Center Inc's highest-compensated officer earns $33,488,294 annually. The organization reported $33.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York City Center Inc's spending goes to programs?
New York City Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York City Center Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), New York City Center Inc is above average for NTEE category A610 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York City Center Inc located?
New York City Center Inc is headquartered in New York, New York and files with the IRS under EIN 132867442. It is classified under NTEE code A610.
How many years of IRS 990 filings does New York City Center Inc have?
New York City Center 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 $33.5M in total revenue.
Is New York City Center Inc a good charity?
Based on the available financial data, New York City Center Inc appears to be a very good charity. It demonstrates strong financial health with consistent asset growth, manageable liabilities, and a remarkable commitment to transparency by reporting 0% officer compensation across all filings. This indicates that funds are likely being directed efficiently towards its mission.
How has New York City Center Inc's financial health changed over time?
New York City Center Inc has shown consistent financial growth over the past decade. Its assets have grown from $47,099,698 in 2014 to $77,731,678 in the latest period. While revenue and expenses have fluctuated, particularly during the pandemic (e.g., revenue dropped to $21,340,158 in 2020), the organization has maintained a strong balance sheet and rebounded effectively.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is highly commendable, as it consistently reports 0% officer compensation in all available IRS 990 filings. This means no salaries or other compensation were paid to its officers, directors, trustees, or key employees, which is a significant indicator of financial prudence and dedication to its mission.
Filing History
IRS 990 filing history for New York City Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York City Center Inc's revenue has grown by 33%, moving from $17.8M to $23.7M. Total assets increased by 54.2% over the same period, from $48.9M to $75.4M. Total functional expenses rose by 65%, from $16.2M to $26.7M. In its most recent filing year (2023), New York City Center Inc reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $4.5M in liabilities against $75.4M in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $70.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.7M | $26.7M | $75.4M | $4.5M | — | View 990 |
| 2022 | $33.3M | $25.4M | $75.9M | $3.6M | — | View 990 |
| 2021 | $28.6M | $12.4M | $71.8M | $3.2M | — | — |
| 2020 | $21.3M | $23.6M | $53.6M | $4.2M | — | View 990 |
| 2019 | $26.0M | $27.1M | $57.7M | $6.5M | — | View 990 |
| 2018 | $28.5M | $25.2M | $57.0M | $5.2M | — | View 990 |
| 2017 | $26.7M | $22.3M | $53.1M | $5.4M | — | View 990 |
| 2016 | $20.8M | $20.2M | $47.4M | $3.9M | — | View 990 |
| 2015 | $26.0M | $22.6M | $49.1M | $6.1M | — | View 990 |
| 2014 | $22.9M | $21.6M | $47.1M | $7.1M | — | View 990 |
| 2013 | $24.7M | $18.6M | $47.1M | $9.2M | — | View 990 |
| 2012 | $19.5M | $17.6M | $41.6M | $10.0M | — | View 990 |
| 2011 | $17.8M | $16.2M | $48.9M | $19.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.7M, expenses of $26.7M, and assets of $75.4M (revenue -28.9% year-over-year).
- 2022: Revenue of $33.3M, expenses of $25.4M, and assets of $75.9M (revenue +16.5% year-over-year).
- 2021: Revenue of $28.6M, expenses of $12.4M, and assets of $71.8M (revenue +34.1% year-over-year).
- 2020: Revenue of $21.3M, expenses of $23.6M, and assets of $53.6M (revenue -17.8% year-over-year).
- 2019: Revenue of $26.0M, expenses of $27.1M, and assets of $57.7M (revenue -8.9% year-over-year).
- 2018: Revenue of $28.5M, expenses of $25.2M, and assets of $57.0M (revenue +6.6% year-over-year).
- 2017: Revenue of $26.7M, expenses of $22.3M, and assets of $53.1M (revenue +28.7% year-over-year).
- 2016: Revenue of $20.8M, expenses of $20.2M, and assets of $47.4M (revenue -20.2% year-over-year).
- 2015: Revenue of $26.0M, expenses of $22.6M, and assets of $49.1M (revenue +13.8% year-over-year).
- 2014: Revenue of $22.9M, expenses of $21.6M, and assets of $47.1M (revenue -7.5% year-over-year).
- 2013: Revenue of $24.7M, expenses of $18.6M, and assets of $47.1M (revenue +27.0% year-over-year).
- 2012: Revenue of $19.5M, expenses of $17.6M, and assets of $41.6M (revenue +9.2% year-over-year).
- 2011: Revenue of $17.8M, expenses of $16.2M, and assets of $48.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York City Center Inc:
Data Sources and Methodology
This transparency report for New York City Center 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.