New York City Tourism And Conventions Inc
New York City Tourism And Conventions Inc. shows consistent revenue and expense management with growing assets and no reported officer compensation.
EIN: 135531178 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $36.2M |
| Total Expenses | $48.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $10.2M |
| Transparency Score | 75/100 |
Is New York City Tourism And Conventions 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 Tourism And Conventions Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York City Tourism And Conventions Inc
New York City Tourism And Conventions Inc (EIN: 135531178) is a nonprofit organization based in New York, NY. The organization reported total revenue of $36.2M and total assets of $13.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York City Tourism And Conventions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York City Tourism And Conventions Inc is a large nonprofit that has been operating for 78 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45.0M |
| Total Expenses | $48.1M |
| Surplus / Deficit | $-3,064,157 |
| Total Assets | $19.5M |
| Total Liabilities | $9.2M |
| Net Assets | $10.2M |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 47.5% |
| Months of Reserves | 4.9 months |
Financial Health Grade: B
In 2023, New York City Tourism And Conventions Inc reported a deficit of $3.1M with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 47.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York City Tourism And Conventions Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.6% | -17.1% | +7.2% |
| 2022 | +113.4% | +149.0% | +17.2% |
| 2021 | -19.7% | -33.9% | +74.8% |
| 2020 | -8.8% | -13.3% | -14.6% |
| 2019 | +0.9% | +4.7% | -12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1948 |
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 Tourism And Conventions Inc with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, New York City Tourism And Conventions Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of this size with revenues often exceeding $30 million annually. This suggests that executive compensation may be paid by a related entity or not reported in this section of the 990.
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 Tourism And Conventions Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is atypical for an organization of this size and could indicate a lack of transparency in executive pay reporting.
- Occasional deficits, such as in 2023 where expenses ($48,073,956) exceeded revenue ($45,009,799), indicating reliance on reserves or prior surpluses.
Strengths
The following positive indicators were identified for New York City Tourism And Conventions Inc:
- Significant growth in assets from $10.2M in 2014 to $19.4M in 2023, indicating financial stability and resource accumulation.
- Demonstrated ability to manage large budgets, with revenues often exceeding $35 million annually.
- Strong financial rebound in 2022, with revenue reaching over $62 million, showcasing resilience.
Frequently Asked Questions about New York City Tourism And Conventions Inc
Is New York City Tourism And Conventions Inc a legitimate charity?
New York City Tourism And Conventions Inc (EIN: 135531178) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $36.2M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does New York City Tourism And Conventions Inc spend its money?
New York City Tourism And Conventions Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New York City Tourism And Conventions Inc tax-deductible?
New York City Tourism And Conventions Inc is registered as a tax-exempt nonprofit (EIN: 135531178). 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 Tourism And Conventions Inc CEO make?
New York City Tourism And Conventions Inc's highest-compensated officer earns $30 annually. The organization reported $36.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York City Tourism And Conventions Inc's spending goes to programs?
New York City Tourism And Conventions Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York City Tourism And Conventions Inc located?
New York City Tourism And Conventions Inc is headquartered in New York, New York and files with the IRS under EIN 135531178.
How many years of IRS 990 filings does New York City Tourism And Conventions Inc have?
New York City Tourism And Conventions 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 $36.2M in total revenue.
How does New York City Tourism And Conventions Inc. fund its operations given the fluctuating revenues and expenses?
The organization's revenue streams vary, with some years showing significant surpluses (e.g., 2022 with $4.2M surplus) and others minor deficits (e.g., 2023 with $3M deficit). This suggests a reliance on diverse funding sources that can fluctuate, and the organization likely uses accumulated assets or reserves to cover shortfalls.
What is the reason for 0% officer compensation reported across all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It could indicate that executive salaries are paid by a related entity, are reported under a different expense category not specified in this summary, or that the organization's leadership is entirely volunteer-based, which is less likely for an entity managing tens of millions in revenue.
What are the primary drivers of the significant revenue increase in 2022 to over $62 million?
The data provided does not specify the exact drivers, but a jump from $29.1M in 2021 to $62.1M in 2022 suggests a substantial increase in funding, possibly from grants, sponsorships, or a rebound in tourism-related activities post-pandemic.
Filing History
IRS 990 filing history for New York City Tourism And Conventions Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York City Tourism And Conventions Inc's revenue has grown by 20.3%, moving from $37.4M to $45.0M. Total assets increased by 83.1% over the same period, from $10.6M to $19.5M. Total functional expenses rose by 26.1%, from $38.1M to $48.1M. In its most recent filing year (2023), New York City Tourism And Conventions Inc reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $9.2M in liabilities against $19.5M in assets (debt-to-asset ratio: 47.5%), resulting in net assets of $10.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45.0M | $48.1M | $19.5M | $9.2M | — | View 990 |
| 2022 | $62.2M | $58.0M | $18.2M | $5.2M | — | View 990 |
| 2021 | $29.1M | $23.3M | $15.5M | $6.8M | — | — |
| 2020 | $36.3M | $35.2M | $8.9M | $9.9M | — | — |
| 2019 | $39.8M | $40.7M | $10.4M | $9.8M | — | View 990 |
| 2018 | $39.5M | $38.9M | $11.9M | $8.9M | — | View 990 |
| 2017 | $39.5M | $37.0M | $12.6M | $11.0M | — | View 990 |
| 2016 | $18.4M | $18.5M | $10.0M | $12.6M | — | View 990 |
| 2015 | $35.9M | $35.1M | $12.3M | $13.1M | — | View 990 |
| 2014 | $35.4M | $36.4M | $10.3M | $10.9M | — | View 990 |
| 2013 | $39.7M | $37.0M | $12.4M | $10.2M | — | View 990 |
| 2012 | $34.6M | $36.5M | $9.1M | $9.5M | — | View 990 |
| 2011 | $37.4M | $38.1M | $10.6M | $9.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45.0M, expenses of $48.1M, and assets of $19.5M (revenue -27.6% year-over-year).
- 2022: Revenue of $62.2M, expenses of $58.0M, and assets of $18.2M (revenue +113.4% year-over-year).
- 2021: Revenue of $29.1M, expenses of $23.3M, and assets of $15.5M (revenue -19.7% year-over-year).
- 2020: Revenue of $36.3M, expenses of $35.2M, and assets of $8.9M (revenue -8.8% year-over-year).
- 2019: Revenue of $39.8M, expenses of $40.7M, and assets of $10.4M (revenue +0.9% year-over-year).
- 2018: Revenue of $39.5M, expenses of $38.9M, and assets of $11.9M (revenue +0.0% year-over-year).
- 2017: Revenue of $39.5M, expenses of $37.0M, and assets of $12.6M (revenue +114.1% year-over-year).
- 2016: Revenue of $18.4M, expenses of $18.5M, and assets of $10.0M (revenue -48.6% year-over-year).
- 2015: Revenue of $35.9M, expenses of $35.1M, and assets of $12.3M (revenue +1.2% year-over-year).
- 2014: Revenue of $35.4M, expenses of $36.4M, and assets of $10.3M (revenue -10.7% year-over-year).
- 2013: Revenue of $39.7M, expenses of $37.0M, and assets of $12.4M (revenue +14.6% year-over-year).
- 2012: Revenue of $34.6M, expenses of $36.5M, and assets of $9.1M (revenue -7.5% year-over-year).
- 2011: Revenue of $37.4M, expenses of $38.1M, and assets of $10.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York City Tourism And Conventions Inc:
Data Sources and Methodology
This transparency report for New York City Tourism And Conventions 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.