New York Electrical Contractors Association Inc
New York Electrical Contractors Association maintains stable assets despite recent operating deficits.
EIN: 131097700 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.6M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $7.0M |
| Transparency Score | 75/100 |
Is New York Electrical Contractors Association 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 Electrical Contractors Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New York Electrical Contractors Association Inc
New York Electrical Contractors Association Inc (EIN: 131097700) is a nonprofit organization based in New York, NY. The organization reported total revenue of $3.3M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Electrical Contractors Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Electrical Contractors Association Inc is a mid-size 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 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-267,542 |
| Total Assets | $9.2M |
| Total Liabilities | $2.2M |
| Net Assets | $7.0M |
| Operating Margin | -8.1% |
| Debt-to-Asset Ratio | 24.0% |
| Months of Reserves | 30.9 months |
Financial Health Grade: B
In 2023, New York Electrical Contractors Association Inc reported a deficit of $268K with expenses exceeding revenue, holds 30.9 months of operating reserves (strong position), has a debt-to-asset ratio of 24.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Electrical Contractors Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.8% | -7.9% | -5.0% |
| 2022 | +4.1% | +29.5% | -10.6% |
| 2021 | +10.2% | +30.0% | +4.2% |
| 2020 | -13.4% | -32.0% | +6.5% |
| 2019 | +4.7% | +17.4% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Electrical Contractors Association 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New York Electrical Contractors Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $268K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which is unusual for an organization of its size with over $3 million in annual revenue.
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 Electrical Contractors Association Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $3,585,419 expenses vs. $3,317,877 revenue in 2023)
- 0% officer compensation reported, which is unusual for an organization of this size and could obscure compensation practices.
Strengths
The following positive indicators were identified for New York Electrical Contractors Association Inc:
- Strong and consistent asset base, exceeding $9 million in recent years.
- Long history of consistent IRS 990 filings, indicating transparency.
- Significant growth in assets over the past decade, from $4.4 million in 2014 to $9.2 million in 2023.
Frequently Asked Questions about New York Electrical Contractors Association Inc
Is New York Electrical Contractors Association Inc a legitimate charity?
New York Electrical Contractors Association Inc (EIN: 131097700) 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: $3.3M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does New York Electrical Contractors Association Inc spend its money?
New York Electrical Contractors Association Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New York Electrical Contractors Association Inc tax-deductible?
New York Electrical Contractors Association Inc is registered as a tax-exempt nonprofit (EIN: 131097700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Electrical Contractors Association Inc CEO make?
New York Electrical Contractors Association Inc's highest-compensated officer earns $3 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York Electrical Contractors Association Inc's spending goes to programs?
New York Electrical Contractors Association Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New York Electrical Contractors Association Inc located?
New York Electrical Contractors Association Inc is headquartered in New York, New York and files with the IRS under EIN 131097700.
How many years of IRS 990 filings does New York Electrical Contractors Association Inc have?
New York Electrical Contractors Association 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 $3.3M in total revenue.
Is the New York Electrical Contractors Association Inc. financially stable?
Yes, despite recent operating deficits in 2022 and 2023, the organization maintains a strong asset base of over $9 million, significantly exceeding its liabilities, indicating overall financial stability.
Why is officer compensation reported as 0%?
The filings consistently show 0% officer compensation. This could mean that executive leadership is unpaid, compensated through a related entity, or that compensation is categorized differently within the expense structure, which warrants further investigation into the detailed 990 forms.
Has the organization's financial health changed over the last decade?
The organization has seen its assets grow significantly from around $4-5 million in 2014-2015 to over $9 million in recent years, while revenue has remained relatively consistent. This indicates a strengthening balance sheet over the decade.
Filing History
IRS 990 filing history for New York Electrical Contractors Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Electrical Contractors Association Inc's revenue has grown by 55.2%, moving from $2.1M to $3.3M. Total assets increased by 229.6% over the same period, from $2.8M to $9.2M. Total functional expenses rose by 89.6%, from $1.9M to $3.6M. In its most recent filing year (2023), New York Electrical Contractors Association Inc reported a deficit of $268K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $9.2M in assets (debt-to-asset ratio: 24.0%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.6M | $9.2M | $2.2M | — | — |
| 2022 | $3.4M | $3.9M | $9.7M | $2.5M | — | View 990 |
| 2021 | $3.3M | $3.0M | $10.9M | $2.7M | — | View 990 |
| 2020 | $3.0M | $2.3M | $10.4M | $2.5M | — | View 990 |
| 2019 | $3.5M | $3.4M | $9.8M | $2.7M | — | — |
| 2018 | $3.3M | $2.9M | $9.5M | $2.9M | — | View 990 |
| 2017 | $3.2M | $3.0M | $9.3M | $2.9M | — | View 990 |
| 2016 | $3.3M | $2.5M | $9.2M | $3.2M | — | View 990 |
| 2015 | $3.1M | $2.3M | $5.3M | $79K | — | View 990 |
| 2014 | $3.0M | $2.3M | $4.5M | $29K | — | View 990 |
| 2013 | $2.8M | $2.3M | $3.6M | $46K | — | View 990 |
| 2012 | $2.4M | $2.2M | $3.2M | $56K | — | View 990 |
| 2011 | $2.1M | $1.9M | $2.8M | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.6M, and assets of $9.2M (revenue -3.8% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.9M, and assets of $9.7M (revenue +4.1% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.0M, and assets of $10.9M (revenue +10.2% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.3M, and assets of $10.4M (revenue -13.4% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.4M, and assets of $9.8M (revenue +4.7% year-over-year).
- 2018: Revenue of $3.3M, expenses of $2.9M, and assets of $9.5M (revenue +2.4% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.0M, and assets of $9.3M (revenue -0.7% year-over-year).
- 2016: Revenue of $3.3M, expenses of $2.5M, and assets of $9.2M (revenue +4.1% year-over-year).
- 2015: Revenue of $3.1M, expenses of $2.3M, and assets of $5.3M (revenue +4.5% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.3M, and assets of $4.5M (revenue +5.7% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.3M, and assets of $3.6M (revenue +18.0% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.2M, and assets of $3.2M (revenue +12.4% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.9M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Electrical Contractors Association Inc:
Data Sources and Methodology
This transparency report for New York Electrical Contractors Association 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.