New York Compensation Insurance Rating Board
New York Compensation Insurance Rating Board shows consistent operational surpluses and significant asset growth.
EIN: 130594020 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26.9M |
| Total Expenses | $23.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $7.6M |
| Transparency Score | 85/100 |
Is New York Compensation Insurance Rating Board Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Compensation Insurance Rating Board directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Compensation Insurance Rating Board
New York Compensation Insurance Rating Board (EIN: 130594020) is a nonprofit organization based in New York, NY. The organization reported total revenue of $26.9M and total assets of $53.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Compensation Insurance Rating Board's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Compensation Insurance Rating Board is a large nonprofit that has been operating for 84 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 | $23.5M |
| Total Expenses | $23.2M |
| Surplus / Deficit | +$280K |
| Total Assets | $53.1M |
| Total Liabilities | $45.5M |
| Net Assets | $7.6M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 85.8% |
| Months of Reserves | 27.4 months |
Financial Health Grade: A
In 2023, New York Compensation Insurance Rating Board reported a surplus of $280K with revenue exceeding expenses, holds 27.4 months of operating reserves (strong position), has a debt-to-asset ratio of 85.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Compensation Insurance Rating Board's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | +9.1% | +78.5% |
| 2022 | +5.1% | +2.8% | +33.9% |
| 2021 | -2.8% | -1.1% | +9.5% |
| 2020 | -0.8% | +3.7% | +16.2% |
| 2019 | +3.7% | +2.9% | +12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1942 |
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 Compensation Insurance Rating Board 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New York Compensation Insurance Rating Board 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 surplus of $280K, with revenue exceeding expenses.
- Debt-to-asset ratio: 85.8%.
Executive Compensation Analysis
No officer compensation has been reported across all available IRS 990 filings, which is unusual for an organization of this size with revenues consistently above $20 million, suggesting either a unique compensation structure or that compensation is reported under different categories.
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 Compensation Insurance Rating Board's IRS 990 filings:
- Lack of reported officer compensation, which may obscure executive remuneration practices.
Strengths
The following positive indicators were identified for New York Compensation Insurance Rating Board:
- Consistent operational surpluses, with revenues exceeding expenses in most years (e.g., 2023 revenue $23,501,640 vs. expenses $23,221,989).
- Significant asset growth, more than doubling from $22,217,691 in 2021 to $53,105,680 in 2023, indicating strong financial health.
- Stable revenue generation over the past decade, consistently above $20 million annually.
- Effective management of liabilities relative to asset growth, contributing to a strengthening balance sheet.
Frequently Asked Questions about New York Compensation Insurance Rating Board
Is New York Compensation Insurance Rating Board a legitimate charity?
New York Compensation Insurance Rating Board (EIN: 130594020) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $26.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does New York Compensation Insurance Rating Board spend its money?
New York Compensation Insurance Rating Board directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York Compensation Insurance Rating Board tax-deductible?
New York Compensation Insurance Rating Board is registered as a tax-exempt nonprofit (EIN: 130594020). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Compensation Insurance Rating Board CEO make?
New York Compensation Insurance Rating Board's highest-compensated officer earns $20 annually. The organization reported $26.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York Compensation Insurance Rating Board's spending goes to programs?
New York Compensation Insurance Rating Board directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York Compensation Insurance Rating Board located?
New York Compensation Insurance Rating Board is headquartered in New York, New York and files with the IRS under EIN 130594020.
How many years of IRS 990 filings does New York Compensation Insurance Rating Board have?
New York Compensation Insurance Rating Board 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 $26.9M in total revenue.
How does the New York Compensation Insurance Rating Board compensate its leadership if no officer compensation is reported?
The IRS 990 filings consistently report 0% for officer compensation. This could mean that compensation is categorized differently (e.g., as salaries for key employees not classified as officers), or that leadership is compensated through other means not captured in this specific line item, or that the organization operates with entirely volunteer leadership.
What is the primary purpose of the significant asset growth observed in recent years?
The organization's assets grew from $22,217,691 in 2021 to $53,105,680 in 2023. This substantial increase could be for building reserves, investing in infrastructure, or holding funds for future operational needs, indicating strong financial planning and stability.
Filing History
IRS 990 filing history for New York Compensation Insurance Rating Board showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Compensation Insurance Rating Board's revenue has grown by 33%, moving from $17.7M to $23.5M. Total assets increased by 482% over the same period, from $9.1M to $53.1M. Total functional expenses rose by 48.5%, from $15.6M to $23.2M. In its most recent filing year (2023), New York Compensation Insurance Rating Board reported a surplus of $280K, with revenue exceeding expenses. The organization holds $45.5M in liabilities against $53.1M in assets (debt-to-asset ratio: 85.8%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.5M | $23.2M | $53.1M | $45.5M | — | — |
| 2022 | $22.3M | $21.3M | $29.7M | $22.0M | — | — |
| 2021 | $21.2M | $20.7M | $22.2M | $21.0M | — | View 990 |
| 2020 | $21.8M | $20.9M | $20.3M | $24.3M | — | View 990 |
| 2019 | $22.0M | $20.2M | $17.5M | $22.8M | — | — |
| 2018 | $21.2M | $19.6M | $15.5M | $18.5M | — | View 990 |
| 2017 | $21.7M | $19.2M | $13.8M | $20.2M | — | — |
| 2016 | $21.8M | $19.9M | $11.5M | $18.7M | — | View 990 |
| 2015 | $20.0M | $19.5M | $12.3M | $21.9M | — | View 990 |
| 2014 | $19.4M | $18.5M | $10.5M | $19.4M | — | View 990 |
| 2013 | $18.2M | $18.1M | $11.5M | $14.2M | — | View 990 |
| 2012 | $16.0M | $19.6M | $7.7M | $19.7M | — | View 990 |
| 2011 | $17.7M | $15.6M | $9.1M | $15.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.5M, expenses of $23.2M, and assets of $53.1M (revenue +5.5% year-over-year).
- 2022: Revenue of $22.3M, expenses of $21.3M, and assets of $29.7M (revenue +5.1% year-over-year).
- 2021: Revenue of $21.2M, expenses of $20.7M, and assets of $22.2M (revenue -2.8% year-over-year).
- 2020: Revenue of $21.8M, expenses of $20.9M, and assets of $20.3M (revenue -0.8% year-over-year).
- 2019: Revenue of $22.0M, expenses of $20.2M, and assets of $17.5M (revenue +3.7% year-over-year).
- 2018: Revenue of $21.2M, expenses of $19.6M, and assets of $15.5M (revenue -2.2% year-over-year).
- 2017: Revenue of $21.7M, expenses of $19.2M, and assets of $13.8M (revenue -0.6% year-over-year).
- 2016: Revenue of $21.8M, expenses of $19.9M, and assets of $11.5M (revenue +8.8% year-over-year).
- 2015: Revenue of $20.0M, expenses of $19.5M, and assets of $12.3M (revenue +3.1% year-over-year).
- 2014: Revenue of $19.4M, expenses of $18.5M, and assets of $10.5M (revenue +7.0% year-over-year).
- 2013: Revenue of $18.2M, expenses of $18.1M, and assets of $11.5M (revenue +13.2% year-over-year).
- 2012: Revenue of $16.0M, expenses of $19.6M, and assets of $7.7M (revenue -9.2% year-over-year).
- 2011: Revenue of $17.7M, expenses of $15.6M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Compensation Insurance Rating Board:
Data Sources and Methodology
This transparency report for New York Compensation Insurance Rating Board 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.