New York College Of Podiatric Medicine

New York College Of Podiatric Medicine faces recent operating deficits despite strong asset base and no reported officer compensation.

EIN: 131632522 · New York, NY · NTEE: B500 · Updated: 2026-03-28

$34.9MRevenue

$44.6MAssets

75/100Mission Score (Good)

B500

About New York College Of Podiatric Medicine

New York College Of Podiatric Medicine (EIN: 131632522) is a nonprofit organization based in New York, NY, classified under NTEE code B500. The organization reported total revenue of $34.9M and total assets of $44.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York College Of Podiatric Medicine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The New York College Of Podiatric Medicine demonstrates a consistent operational history, with revenues generally exceeding expenses in most periods reviewed, indicating a stable financial foundation. However, the most recent filing (202306) shows expenses of $23,276,614 significantly outpacing revenue of $17,062,753, resulting in a deficit for that period. This trend of expenses exceeding revenue is also observed in 202206 and 202106, suggesting a recent shift in financial performance that warrants closer examination. Despite these recent deficits, the organization maintains substantial assets, reported at $48,979,306 in 202306, which provides a buffer against short-term operational shortfalls.

The organization's transparency appears strong regarding executive compensation, with 0% reported for officer compensation across all available filings. This indicates that the highest-ranking individuals are not drawing salaries from the organization, or their compensation is reported under different categories, which would require further investigation to fully understand. The consistent filing of IRS Form 990s over 13 periods also points to a commitment to regulatory compliance and public disclosure. The NTEE code B500 suggests a focus on higher education, aligning with its name and mission.

While the overall asset base remains robust, the recent trend of operating deficits could impact long-term sustainability if not addressed. The organization's ability to manage its liabilities, which have fluctuated but remained manageable relative to assets, is also a positive indicator. However, the increase in liabilities from $14,954,395 in 202206 to $21,662,125 in 202306, alongside declining revenues, is a point of concern for future financial health.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New York College Of Podiatric Medicine 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: 85%
fundraising: 5%

According to IRS 990 filings, New York College Of Podiatric Medicine 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting that officers are either uncompensated or their compensation is categorized differently, which is unusual for an organization of this size with significant revenue and assets.

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 College Of Podiatric Medicine's IRS 990 filings:

Consistent operating deficits in the last three fiscal periods (2021-2023), with 202306 showing expenses of $23,276,614 against revenue of $17,062,753.
Significant increase in liabilities from $14,954,395 in 202206 to $21,662,125 in 202306.
Unusual reporting of 0% for officer compensation across all filings, which may obscure actual executive remuneration.

Strengths

The following positive indicators were identified for New York College Of Podiatric Medicine:

Strong and consistent asset base, reported at $48,979,306 in 202306, providing financial stability.
Long history of IRS 990 filings (13 periods), indicating transparency and compliance.
Historically, revenues generally exceeded expenses for many years prior to 2021, demonstrating past financial prudence.

Frequently Asked Questions about New York College Of Podiatric Medicine

Why have expenses exceeded revenues in the last three fiscal periods (2021-2023)?

The filings show a trend where expenses ($23,276,614 in 202306) have surpassed revenues ($17,062,753 in 202306), leading to operating deficits. This could be due to increased operational costs, investments in programs, or a decline in revenue streams.

What is the nature of the significant increase in liabilities in the 202306 period?

Liabilities increased from $14,954,395 in 202206 to $21,662,125 in 202306. Understanding the components of this increase (e.g., new debt, deferred revenue) is crucial for assessing financial risk.

How is executive compensation truly handled if 0% is reported for officer compensation?

The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of this scale. It raises questions about whether compensation is reported under other categories or if leadership is genuinely uncompensated.

What is the long-term strategy to address the recent operating deficits?

Given the deficits in the last three periods, the organization's plan to return to a surplus and ensure long-term financial sustainability is a key question for stakeholders.

How does the organization's asset base of $48,979,306 (202306) support its mission and operations?

Understanding how these substantial assets are utilized, whether for endowments, facilities, or other strategic investments, is important for evaluating their impact on the organization's mission.

Filing History

IRS 990 filing history for New York College Of Podiatric Medicine showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New York College Of Podiatric Medicine's revenue has grown by 4.4%, moving from $16.3M to $17.1M. Total assets decreased by 5.4% over the same period, from $51.8M to $49.0M. Total functional expenses rose by 43%, from $16.3M to $23.3M. In its most recent filing year (2023), New York College Of Podiatric Medicine reported a deficit of $6.2M, with expenses exceeding revenue. The organization holds $21.7M in liabilities against $49.0M in assets (debt-to-asset ratio: 44.2%), resulting in net assets of $27.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$17.1M	$23.3M	$49.0M	$21.7M	—	—
2022	$19.8M	$22.7M	$47.7M	$15.0M	—	View 990
2021	$20.1M	$21.7M	$55.7M	$16.3M	—	View 990
2020	$18.8M	$18.1M	$54.2M	$14.5M	—	View 990
2019	$17.8M	$16.6M	$53.4M	$14.2M	—	View 990
2018	$18.6M	$15.7M	$53.6M	$14.2M	—	View 990
2017	$18.1M	$15.3M	$54.2M	$14.4M	—	View 990
2016	$17.4M	$15.1M	$53.7M	$14.6M	—	View 990
2015	$17.9M	$15.2M	$54.6M	$15.1M	—	View 990
2014	$17.3M	$14.6M	$55.1M	$14.7M	—	View 990
2013	$16.3M	$14.6M	$54.5M	$15.8M	—	View 990
2012	$15.9M	$13.5M	$52.8M	$14.1M	—	View 990
2011	$16.3M	$16.3M	$51.8M	$13.3M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $17.1M, expenses of $23.3M, and assets of $49.0M (revenue -13.8% year-over-year).
2022: Revenue of $19.8M, expenses of $22.7M, and assets of $47.7M (revenue -1.4% year-over-year).
2021: Revenue of $20.1M, expenses of $21.7M, and assets of $55.7M (revenue +6.6% year-over-year).
2020: Revenue of $18.8M, expenses of $18.1M, and assets of $54.2M (revenue +5.9% year-over-year).
2019: Revenue of $17.8M, expenses of $16.6M, and assets of $53.4M (revenue -4.3% year-over-year).
2018: Revenue of $18.6M, expenses of $15.7M, and assets of $53.6M (revenue +2.4% year-over-year).
2017: Revenue of $18.1M, expenses of $15.3M, and assets of $54.2M (revenue +4.4% year-over-year).
2016: Revenue of $17.4M, expenses of $15.1M, and assets of $53.7M (revenue -2.8% year-over-year).
2015: Revenue of $17.9M, expenses of $15.2M, and assets of $54.6M (revenue +3.2% year-over-year).
2014: Revenue of $17.3M, expenses of $14.6M, and assets of $55.1M (revenue +6.2% year-over-year).
2013: Revenue of $16.3M, expenses of $14.6M, and assets of $54.5M (revenue +3.0% year-over-year).
2012: Revenue of $15.9M, expenses of $13.5M, and assets of $52.8M (revenue -3.0% year-over-year).
2011: Revenue of $16.3M, expenses of $16.3M, and assets of $51.8M.

Data Sources and Methodology

This transparency report for New York College Of Podiatric Medicine 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.