New York City Partnership Foundation Inc
New York City Partnership Foundation Inc. maintains substantial assets despite fluctuating revenues and occasional operating deficits.
EIN: 133202011 · New York, NY · NTEE: T310 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $9.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $42.9M |
| Transparency Score | 85/100 |
Is New York City Partnership Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York City Partnership Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York City Partnership Foundation Inc
New York City Partnership Foundation Inc (EIN: 133202011) is a nonprofit organization based in New York, NY, classified under NTEE code T310. The organization reported total revenue of $11.2M and total assets of $41.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York City Partnership Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York City Partnership Foundation Inc is a large nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.2M |
| Total Expenses | $9.0M |
| Surplus / Deficit | $-1,783,062 |
| Total Assets | $43.4M |
| Total Liabilities | $550K |
| Net Assets | $42.9M |
| Operating Margin | -24.7% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 57.9 months |
Financial Health Grade: B
In 2023, New York City Partnership Foundation Inc reported a deficit of $1.8M with expenses exceeding revenue, holds 57.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), New York City Partnership Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.2% | +12.4% | -1.5% |
| 2022 | +108.4% | +19.8% | -2.6% |
| 2021 | +34.9% | +54.9% | -0.5% |
| 2020 | +73.5% | +130.7% | +2.4% |
| 2019 | -39.4% | -48.7% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Partnership Foundation Inc 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 City Partnership Foundation Inc 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 $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization with over $40 million in assets and millions in annual expenses.
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 City Partnership Foundation Inc's IRS 990 filings:
- Consistent operating deficits in multiple recent years (e.g., 2023, 2021, 2020) where expenses exceeded revenue.
- Significant year-over-year revenue volatility, with a nearly 35% drop from 2022 to 2023.
Strengths
The following positive indicators were identified for New York City Partnership Foundation Inc:
- Substantial and stable asset base, consistently above $40 million, providing financial security.
- Excellent transparency regarding officer compensation, consistently reporting 0%.
- Relatively low liabilities compared to assets, indicating strong solvency.
- Long filing history (14 filings) suggests established operations and compliance.
Frequently Asked Questions about New York City Partnership Foundation Inc
Is New York City Partnership Foundation Inc a legitimate charity?
New York City Partnership Foundation Inc (EIN: 133202011) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $11.2M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does New York City Partnership Foundation Inc spend its money?
New York City Partnership Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York City Partnership Foundation Inc tax-deductible?
New York City Partnership Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133202011). 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 Partnership Foundation Inc CEO make?
New York City Partnership Foundation Inc's highest-compensated officer earns $40 annually. The organization reported $11.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York City Partnership Foundation Inc's spending goes to programs?
New York City Partnership Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York City Partnership Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New York City Partnership Foundation Inc is above average for NTEE category T310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York City Partnership Foundation Inc located?
New York City Partnership Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133202011. It is classified under NTEE code T310.
How many years of IRS 990 filings does New York City Partnership Foundation Inc have?
New York City Partnership Foundation Inc has 14 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 $11.2M in total revenue.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles may be filled by volunteers, or compensation is structured in a way that it is not reported under 'officer compensation' on the 990, or it is covered by a related entity. This is a significant point of inquiry for understanding operational sustainability.
What caused the significant revenue fluctuation between 2022 ($11.1M) and 2023 ($7.2M)?
The nearly $4 million drop in revenue from 2022 to 2023 warrants investigation into the sources of funding and any specific events or changes in fundraising strategies that led to this decrease.
How does the organization cover operating deficits, such as the $1.78 million deficit in 2023?
The organization has experienced several years where expenses exceeded revenue (e.g., 2023, 2021, 2020). Given its substantial asset base, these deficits are likely covered by drawing from reserves or investment income, which is a sustainable practice in the short term but warrants monitoring for long-term trends.
Filing History
IRS 990 filing history for New York City Partnership Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New York City Partnership Foundation Inc's revenue has grown by 166.4%, moving from $2.7M to $7.2M. Total assets increased by 7.1% over the same period, from $40.5M to $43.4M. Total functional expenses rose by 224.8%, from $2.8M to $9.0M. In its most recent filing year (2023), New York City Partnership Foundation Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $550K in liabilities against $43.4M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $42.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.2M | $9.0M | $43.4M | $550K | — | — |
| 2022 | $11.1M | $8.0M | $44.0M | $306K | — | View 990 |
| 2021 | $5.3M | $6.7M | $45.2M | $466K | — | View 990 |
| 2020 | $4.0M | $4.3M | $45.4M | $672K | — | View 990 |
| 2019 | $2.3M | $1.9M | $44.4M | $646K | — | View 990 |
| 2018 | $3.8M | $3.6M | $42.1M | $685K | — | View 990 |
| 2017 | $1.8M | $1.4M | $41.8M | $524K | — | View 990 |
| 2016 | $2.7M | $2.2M | $41.3M | $855K | — | View 990 |
| 2015 | $2.3M | $2.2M | $39.2M | $715K | — | View 990 |
| 2014 | $2.2M | $1.5M | $40.0M | $448K | — | View 990 |
| 2013 | $3.2M | $2.3M | $40.8M | $152K | — | View 990 |
| 2012 | $3.2M | $5.4M | $41.9M | $1.1M | — | View 990 |
| 2011 | $2.8M | $4.3M | $41.9M | $613K | — | View 990 |
| 2010 | $2.7M | $2.8M | $40.5M | $333K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.2M, expenses of $9.0M, and assets of $43.4M (revenue -35.2% year-over-year).
- 2022: Revenue of $11.1M, expenses of $8.0M, and assets of $44.0M (revenue +108.4% year-over-year).
- 2021: Revenue of $5.3M, expenses of $6.7M, and assets of $45.2M (revenue +34.9% year-over-year).
- 2020: Revenue of $4.0M, expenses of $4.3M, and assets of $45.4M (revenue +73.5% year-over-year).
- 2019: Revenue of $2.3M, expenses of $1.9M, and assets of $44.4M (revenue -39.4% year-over-year).
- 2018: Revenue of $3.8M, expenses of $3.6M, and assets of $42.1M (revenue +104.6% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.4M, and assets of $41.8M (revenue -32.9% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.2M, and assets of $41.3M (revenue +19.2% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.2M, and assets of $39.2M (revenue +6.8% year-over-year).
- 2014: Revenue of $2.2M, expenses of $1.5M, and assets of $40.0M (revenue -32.7% year-over-year).
- 2013: Revenue of $3.2M, expenses of $2.3M, and assets of $40.8M (revenue +1.0% year-over-year).
- 2012: Revenue of $3.2M, expenses of $5.4M, and assets of $41.9M (revenue +15.3% year-over-year).
- 2011: Revenue of $2.8M, expenses of $4.3M, and assets of $41.9M (revenue +1.6% year-over-year).
- 2010: Revenue of $2.7M, expenses of $2.8M, and assets of $40.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York City Partnership Foundation Inc:
Data Sources and Methodology
This transparency report for New York City Partnership Foundation 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.