New York Medical College

New York Medical College maintains stable finances with consistent revenues and expenses, reporting no officer compensation in available filings.

EIN: 131099420 · Valhalla, NY · Updated: 2026-03-28

$164.6MRevenue

$329.6MAssets

65/100Mission Score (Good)

Is New York Medical College Legit?

Some Concerns

GoodFiling Consistency

GoodSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

New York Medical College directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About New York Medical College

New York Medical College (EIN: 131099420) is a nonprofit organization based in Valhalla, NY. The organization reported total revenue of $164.6M and total assets of $329.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Medical College's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

New York Medical College demonstrates consistent financial activity over the past decade, with revenues and expenses generally in a similar range, often resulting in small surpluses or deficits. For instance, in 2023, the organization reported revenues of $117,885,144 against expenses of $121,304,491, indicating a slight operational deficit. Their asset base has remained substantial, hovering around $320-$340 million, with $328,446,597 in assets reported in 2023. The consistent reporting of 0% officer compensation across all available filings suggests that executive compensation is either not reported in this section or is handled through a different structure, which could impact transparency regarding leadership costs. Without detailed breakdowns of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging.

The organization's financial stability appears moderate, with a relatively stable asset base but also significant liabilities, such as $138,677,890 in 2023. The consistent operational results, without major fluctuations, suggest a predictable financial environment. However, the lack of detailed expense categorization in the provided data limits the ability to fully evaluate how efficiently funds are being allocated to its mission versus overhead. Further investigation into their detailed IRS Form 990 would be necessary to understand their functional expense breakdown and executive compensation structure.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New York Medical College with a Mission Score of 65 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 Medical College allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The provided data consistently shows 0% officer compensation across all filings, which is unusual for an organization of this size with revenues exceeding $100 million annually. This suggests executive compensation is either not reported in this specific field or is structured in a way that it doesn't appear as direct officer compensation, warranting further investigation for full transparency.

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 Medical College's IRS 990 filings:

Consistent 0% officer compensation reported, which is atypical for an organization of this size and requires further investigation for transparency.
Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes it difficult to assess spending efficiency.

Strengths

The following positive indicators were identified for New York Medical College:

Consistent and substantial revenue streams, indicating financial stability.
Stable asset base over the past decade, demonstrating long-term financial foundation.
Expenses generally kept in line with revenues, avoiding large operational deficits.

Frequently Asked Questions about New York Medical College

Is New York Medical College a legitimate charity?

Based on AI analysis of IRS 990 filings, New York Medical College (EIN: 131099420) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.

How does New York Medical College spend its money?

New York Medical College directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to New York Medical College tax-deductible?

New York Medical College is registered as a tax-exempt nonprofit (EIN: 131099420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is New York Medical College a good charity?

Based on the available data, New York Medical College appears to be a financially stable institution with consistent revenue streams. However, without detailed functional expense breakdowns (program, administrative, fundraising) and clarity on executive compensation, a definitive assessment of its 'goodness' as a charity, particularly regarding spending efficiency, is difficult. The consistent 0% officer compensation reported is a notable point for further inquiry.

How does New York Medical College manage its operational costs?

The organization's expenses have consistently tracked closely with its revenues, often resulting in small deficits or surpluses. For example, in 2023, expenses were $121,304,491 against revenues of $117,885,144. This indicates a tight operational budget where costs are generally kept in line with income, though specific cost management strategies are not detailed in the provided summary.

What is the trend in New York Medical College's assets and liabilities?

New York Medical College has maintained a substantial and relatively stable asset base, generally between $318 million and $347 million over the past decade, with $328,446,597 in assets in 2023. Liabilities have also been significant and stable, ranging from approximately $138 million to $157 million, with $138,677,890 in 2023. This suggests a consistent financial structure with a healthy but leveraged asset base.

Why is officer compensation reported as 0%?

The consistent reporting of 0% for officer compensation across all available filings is unusual for an organization of this scale. This could mean that compensation for key executives is reported in a different section of the IRS Form 990 (e.g., as part of general salaries and wages), or that the officers are compensated by an affiliated entity, or that the data provided is incomplete regarding this specific detail. It warrants a deeper look into the full 990 forms.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), New York Medical College's revenue has declined by 52%, moving from $245.8M to $117.9M. Total assets increased by 4% over the same period, from $315.7M to $328.4M. Total functional expenses fell by 43.1%, from $213.3M to $121.3M. In its most recent filing year (2023), New York Medical College reported a deficit of $3.4M, with expenses exceeding revenue. The organization holds $138.7M in liabilities against $328.4M in assets (debt-to-asset ratio: 42.2%), resulting in net assets of $189.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$117.9M	$121.3M	$328.4M	$138.7M	—	—
2022	$123.6M	$114.0M	$333.1M	$147.6M	—	View 990
2021	$121.1M	$120.9M	$347.9M	$154.6M	—	—
2020	$119.7M	$119.9M	$318.7M	$141.5M	—	View 990
2019	$123.1M	$122.8M	$321.6M	$144.5M	—	View 990
2018	$121.7M	$126.0M	$327.7M	$152.5M	—	View 990
2017	$123.2M	$125.6M	$329.1M	$152.9M	—	—
2016	$119.3M	$129.8M	$331.9M	$157.4M	—	View 990
2015	$133.0M	$136.8M	$337.3M	$148.8M	—	View 990
2014	$151.1M	$146.5M	$346.3M	$151.2M	—	View 990
2013	$150.9M	$149.2M	$300.6M	$110.1M	—	View 990
2012	$145.4M	$148.9M	$290.0M	$105.5M	—	View 990
2011	$245.8M	$213.3M	$315.7M	$133.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $117.9M, expenses of $121.3M, and assets of $328.4M (revenue -4.7% year-over-year).
2022: Revenue of $123.6M, expenses of $114.0M, and assets of $333.1M (revenue +2.1% year-over-year).
2021: Revenue of $121.1M, expenses of $120.9M, and assets of $347.9M (revenue +1.2% year-over-year).
2020: Revenue of $119.7M, expenses of $119.9M, and assets of $318.7M (revenue -2.8% year-over-year).
2019: Revenue of $123.1M, expenses of $122.8M, and assets of $321.6M (revenue +1.2% year-over-year).
2018: Revenue of $121.7M, expenses of $126.0M, and assets of $327.7M (revenue -1.2% year-over-year).
2017: Revenue of $123.2M, expenses of $125.6M, and assets of $329.1M (revenue +3.2% year-over-year).
2016: Revenue of $119.3M, expenses of $129.8M, and assets of $331.9M (revenue -10.3% year-over-year).
2015: Revenue of $133.0M, expenses of $136.8M, and assets of $337.3M (revenue -12.0% year-over-year).
2014: Revenue of $151.1M, expenses of $146.5M, and assets of $346.3M (revenue +0.2% year-over-year).
2013: Revenue of $150.9M, expenses of $149.2M, and assets of $300.6M (revenue +3.8% year-over-year).
2012: Revenue of $145.4M, expenses of $148.9M, and assets of $290.0M (revenue -40.9% year-over-year).
2011: Revenue of $245.8M, expenses of $213.3M, and assets of $315.7M.

Data Sources and Methodology

This transparency report for New York Medical College 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.