New York Metropolitan Reference & Research Library Agency
New York Metropolitan Reference & Research Library Agency maintains stable assets and low liabilities with no executive compensation.
EIN: 136210582 · New York, NY · NTEE: B700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.9M |
| Program Spending | 85% |
| Net Assets | $5.0M |
| Transparency Score | 90/100 |
Is New York Metropolitan Reference & Research Library Agency Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Metropolitan Reference & Research Library Agency directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Metropolitan Reference & Research Library Agency
New York Metropolitan Reference & Research Library Agency (EIN: 136210582) is a nonprofit organization based in New York, NY, classified under NTEE code B700. The organization reported total revenue of $3.0M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Metropolitan Reference & Research Library Agency's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Metropolitan Reference & Research Library Agency is a mid-size nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-231,367 |
| Total Assets | $5.2M |
| Total Liabilities | $213K |
| Net Assets | $5.0M |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 21.2 months |
Financial Health Grade: B
In 2023, New York Metropolitan Reference & Research Library Agency reported a deficit of $231K with expenses exceeding revenue, holds 21.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Metropolitan Reference & Research Library Agency's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.4% | -20.7% | -0.4% |
| 2022 | +37.3% | +59.6% | +5.0% |
| 2021 | +21.8% | -6.8% | +1.0% |
| 2020 | -9.0% | -21.3% | +5.1% |
| 2019 | -11.3% | +10.2% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1966 |
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 Metropolitan Reference & Research Library Agency with a Mission Score of 90 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 Metropolitan Reference & Research Library Agency 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 deficit of $231K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly unusual for an organization of this size and suggests a volunteer-led or externally funded leadership structure.
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 Metropolitan Reference & Research Library Agency's IRS 990 filings:
- Occasional operating deficits where expenses exceed revenue, requiring reliance on reserves (e.g., 202306, 201906).
Strengths
The following positive indicators were identified for New York Metropolitan Reference & Research Library Agency:
- Consistent and substantial asset base, typically around $5 million, providing financial security.
- Zero reported officer compensation, indicating a strong commitment to directing funds towards programs.
- Significant reduction in liabilities over recent years, improving financial health.
- Long history of IRS 990 filings (13 filings), demonstrating strong transparency.
- Stable financial management despite revenue fluctuations, maintaining a healthy balance sheet.
Frequently Asked Questions about New York Metropolitan Reference & Research Library Agency
Is New York Metropolitan Reference & Research Library Agency a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Metropolitan Reference & Research Library Agency (EIN: 136210582) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does New York Metropolitan Reference & Research Library Agency spend its money?
New York Metropolitan Reference & Research Library Agency directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Metropolitan Reference & Research Library Agency tax-deductible?
New York Metropolitan Reference & Research Library Agency is registered as a tax-exempt nonprofit (EIN: 136210582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Metropolitan Reference & Research Library Agency's spending goes to programs?
New York Metropolitan Reference & Research Library Agency directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Metropolitan Reference & Research Library Agency compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New York Metropolitan Reference & Research Library Agency is above average for NTEE category B700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Metropolitan Reference & Research Library Agency located?
New York Metropolitan Reference & Research Library Agency is headquartered in New York, New York and files with the IRS under EIN 136210582. It is classified under NTEE code B700.
How many years of IRS 990 filings does New York Metropolitan Reference & Research Library Agency have?
New York Metropolitan Reference & Research Library Agency 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 $3.0M in total revenue.
Is METRO financially stable?
Yes, METRO appears financially stable. It consistently holds assets around $5 million, significantly more than its annual expenses (e.g., $5,177,961 assets vs. $2,925,646 expenses in 202306), and has reduced its liabilities to a low level ($212,693 in 202306).
How does METRO manage its executive compensation?
METRO reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers or key employees, which is a strong indicator of volunteer leadership or alternative funding for leadership roles.
Has METRO experienced financial deficits?
Yes, METRO has experienced periods where expenses exceeded revenue, such as in 202306 (expenses $2,925,646, revenue $2,694,279) and 201906 (expenses $3,152,851, revenue $2,825,556). However, these appear to be managed without significantly impacting its overall asset base.
What is the trend in METRO's liabilities?
METRO's liabilities have shown a positive trend, decreasing significantly from over $1 million in 2019-2020 to $212,693 in the 202306 period, indicating improved financial health and reduced debt burden.
Filing History
IRS 990 filing history for New York Metropolitan Reference & Research Library Agency showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Metropolitan Reference & Research Library Agency's revenue has grown by 17.4%, moving from $2.3M to $2.7M. Total assets increased by 27.4% over the same period, from $4.1M to $5.2M. Total functional expenses rose by 39%, from $2.1M to $2.9M. In its most recent filing year (2023), New York Metropolitan Reference & Research Library Agency reported a deficit of $231K, with expenses exceeding revenue. The organization holds $213K in liabilities against $5.2M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.9M | $5.2M | $213K | — | — |
| 2022 | $4.3M | $3.7M | $5.2M | $245K | — | View 990 |
| 2021 | $3.1M | $2.3M | $5.0M | $213K | — | — |
| 2020 | $2.6M | $2.5M | $4.9M | $1.1M | — | — |
| 2019 | $2.8M | $3.2M | $4.7M | $997K | — | View 990 |
| 2018 | $3.2M | $2.9M | $5.0M | $1.1M | — | View 990 |
| 2017 | $2.7M | $3.2M | $5.1M | $1.1M | — | View 990 |
| 2016 | $2.8M | $3.2M | $4.6M | $323K | — | View 990 |
| 2015 | $2.8M | $2.8M | $4.9M | $354K | — | View 990 |
| 2014 | $2.4M | $2.4M | $5.0M | $429K | — | View 990 |
| 2013 | $2.3M | $2.2M | $4.5M | $404K | — | View 990 |
| 2012 | $2.2M | $2.0M | $4.1M | $349K | — | View 990 |
| 2011 | $2.3M | $2.1M | $4.1M | $521K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.9M, and assets of $5.2M (revenue -37.4% year-over-year).
- 2022: Revenue of $4.3M, expenses of $3.7M, and assets of $5.2M (revenue +37.3% year-over-year).
- 2021: Revenue of $3.1M, expenses of $2.3M, and assets of $5.0M (revenue +21.8% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.5M, and assets of $4.9M (revenue -9.0% year-over-year).
- 2019: Revenue of $2.8M, expenses of $3.2M, and assets of $4.7M (revenue -11.3% year-over-year).
- 2018: Revenue of $3.2M, expenses of $2.9M, and assets of $5.0M (revenue +18.9% year-over-year).
- 2017: Revenue of $2.7M, expenses of $3.2M, and assets of $5.1M (revenue -4.3% year-over-year).
- 2016: Revenue of $2.8M, expenses of $3.2M, and assets of $4.6M (revenue +0.9% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.8M, and assets of $4.9M (revenue +16.4% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.4M, and assets of $5.0M (revenue +3.9% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.2M, and assets of $4.5M (revenue +3.8% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.0M, and assets of $4.1M (revenue -3.6% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.1M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Metropolitan Reference & Research Library Agency:
Data Sources and Methodology
This transparency report for New York Metropolitan Reference & Research Library Agency 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.