New York College Of Traditional Chinese Medicine
New York College Of Traditional Chinese Medicine experiences recent operating deficits despite asset growth and no reported officer compensation.
EIN: 113358541 · Mineola, NY · NTEE: B50 · Updated: 2026-03-28
Is New York College Of Traditional Chinese Medicine Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York College Of Traditional Chinese Medicine directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York College Of Traditional Chinese Medicine
New York College Of Traditional Chinese Medicine (EIN: 113358541) is a nonprofit organization based in Mineola, NY, classified under NTEE code B50. The organization reported total revenue of $2.7M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York College Of Traditional Chinese Medicine's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York College Of Traditional Chinese Medicine with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, New York College Of Traditional Chinese Medicine 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization with revenues exceeding $2 million annually.
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 Traditional Chinese Medicine's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023 and 2022)
- Significant and rapid increase in liabilities from $966,098 in 2020 to $3,526,372 in 2023
- Unusually consistent 0% officer compensation for an organization of this size, which may warrant further scrutiny into compensation structures.
Strengths
The following positive indicators were identified for New York College Of Traditional Chinese Medicine:
- Significant growth in total assets from $1,361,751 in 2014 to $7,927,311 in 2023, indicating financial growth and capacity.
- Historically strong revenue generation, with several years showing substantial surpluses (e.g., 2019-2021).
- Consistent reporting of 0% officer compensation, suggesting a commitment to minimizing executive pay or a unique operational model.
Frequently Asked Questions about New York College Of Traditional Chinese Medicine
Is New York College Of Traditional Chinese Medicine a legitimate charity?
Based on AI analysis of IRS 990 filings, New York College Of Traditional Chinese Medicine (EIN: 113358541) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does New York College Of Traditional Chinese Medicine spend its money?
New York College Of Traditional Chinese Medicine directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York College Of Traditional Chinese Medicine tax-deductible?
New York College Of Traditional Chinese Medicine is registered as a tax-exempt nonprofit (EIN: 113358541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why has the organization consistently reported 0% officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, compensated through a related entity not reported on the 990, or that compensation is categorized differently within other expense lines. Further investigation into the full 990 forms would be needed to clarify this.
What is driving the recent increase in liabilities?
Liabilities have significantly increased from $966,098 in 2020 to $3,526,372 in 2023. This substantial rise, particularly in the last three years, could be due to new debt, deferred revenue, or other financial obligations. A detailed look at the balance sheet in the full 990 would be necessary to understand the nature of these liabilities.
How does the organization cover its operating deficits in recent years?
In 2023 and 2022, expenses exceeded revenue. The organization likely covers these deficits by drawing from accumulated net assets from previous profitable years (e.g., 2019-2021 when revenue significantly exceeded expenses) or through other non-operating income sources not detailed in the summary.
Filing History
IRS 990 filing history for New York College Of Traditional Chinese Medicine showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York College Of Traditional Chinese Medicine's revenue has grown by 33.4%, moving from $2.3M to $3.0M. Total assets increased by 608.5% over the same period, from $1.1M to $7.9M. Total functional expenses rose by 50.4%, from $2.1M to $3.2M. In its most recent filing year (2023), New York College Of Traditional Chinese Medicine reported a deficit of $162K, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $7.9M in assets (debt-to-asset ratio: 44.5%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.2M | $7.9M | $3.5M | — | — |
| 2022 | $3.0M | $3.3M | $8.7M | $4.1M | — | View 990 |
| 2021 | $4.0M | $3.4M | $5.7M | $904K | — | View 990 |
| 2020 | $3.9M | $3.1M | $5.2M | $966K | — | — |
| 2019 | $3.4M | $2.8M | $4.5M | $1.0M | — | View 990 |
| 2018 | $3.0M | $2.7M | $3.8M | $951K | — | View 990 |
| 2017 | $3.1M | $2.5M | $3.5M | $976K | — | View 990 |
| 2016 | $2.9M | $2.7M | $3.0M | $1.0M | — | View 990 |
| 2015 | $2.6M | $2.2M | $2.7M | $955K | — | View 990 |
| 2014 | $2.4M | $2.1M | $1.4M | $96K | — | View 990 |
| 2013 | $2.1M | $2.0M | $1.1M | $92K | — | View 990 |
| 2012 | $2.1M | $2.1M | $1.1M | $156K | — | View 990 |
| 2011 | $2.3M | $2.1M | $1.1M | $225K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.2M, and assets of $7.9M (revenue +1.3% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.3M, and assets of $8.7M (revenue -25.7% year-over-year).
- 2021: Revenue of $4.0M, expenses of $3.4M, and assets of $5.7M (revenue +3.0% year-over-year).
- 2020: Revenue of $3.9M, expenses of $3.1M, and assets of $5.2M (revenue +14.3% year-over-year).
- 2019: Revenue of $3.4M, expenses of $2.8M, and assets of $4.5M (revenue +13.5% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.7M, and assets of $3.8M (revenue -2.7% year-over-year).
- 2017: Revenue of $3.1M, expenses of $2.5M, and assets of $3.5M (revenue +5.1% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.7M, and assets of $3.0M (revenue +11.2% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.2M, and assets of $2.7M (revenue +9.7% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.1M, and assets of $1.4M (revenue +16.1% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.0M, and assets of $1.1M (revenue -1.1% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.1M, and assets of $1.1M (revenue -7.5% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.1M, and assets of $1.1M.
Data Sources and Methodology
This transparency report for New York College Of Traditional Chinese 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.