New York Military Academy
New York Military Academy faces persistent operating deficits and growing liabilities, with assets significantly outweighed by debt.
EIN: 140921372 · Cornwall Hdsn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $3.4M |
| Program Spending | 70% |
| Net Assets | $-5,769,279 |
| Transparency Score | 30/100 |
Is New York Military Academy Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Military Academy directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New York Military Academy
New York Military Academy (EIN: 140921372) is a nonprofit organization based in Cornwall Hdsn, NY. The organization reported total revenue of $2.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Military Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Military Academy is a mid-size nonprofit that has been operating for 79 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-1,093,830 |
| Total Assets | $2.0M |
| Total Liabilities | $7.8M |
| Net Assets | $-5,769,279 |
| Operating Margin | -48.2% |
| Debt-to-Asset Ratio | 389.2% |
| Months of Reserves | 7.1 months |
Financial Health Grade: C
In 2023, New York Military Academy reported a deficit of $1.1M with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 389.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Military Academy's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | +13.7% | -8.8% |
| 2022 | -40.0% | -23.5% | +21.5% |
| 2021 | -15.6% | -14.2% | -17.7% |
| 2020 | +0.1% | -17.3% | +24.3% |
| 2019 | +47.2% | +25.9% | +19.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1947 |
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 Military Academy with a Mission Score of 30 out of 100 (Poor). 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 Military Academy 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 $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 389.2%.
Executive Compensation Analysis
Officer compensation is reported as 0% across all available filings, suggesting that executive salaries are either not paid or are not reported under this specific category, which is unusual for an organization of this size and operational scope.
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 Military Academy's IRS 990 filings:
- Consistent and significant operating deficits, such as $1,093,830 in 202306.
- Liabilities ($7,764,353 in 202306) far exceeding assets ($1,995,074 in 202306), indicating a high debt burden.
- Declining revenue trends from a peak of $14,096,261 in 201606 to $2,268,577 in 202306.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data.
- Unusual consistent reporting of 0% officer compensation across all filings.
Strengths
The following positive indicators were identified for New York Military Academy:
- No reported officer compensation, suggesting funds are not being diverted to high executive salaries.
- History of operations with 13 filings, indicating a long-standing presence, though financial stability is a concern.
Frequently Asked Questions about New York Military Academy
Is New York Military Academy a legitimate charity?
New York Military Academy (EIN: 140921372) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 30/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. 5 red flags identified. 2 strengths noted. Financial health grade: C.
How does New York Military Academy spend its money?
New York Military Academy directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New York Military Academy tax-deductible?
New York Military Academy is registered as a tax-exempt nonprofit (EIN: 140921372). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Military Academy's spending goes to programs?
New York Military Academy directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New York Military Academy located?
New York Military Academy is headquartered in Cornwall Hdsn, New York and files with the IRS under EIN 140921372.
How many years of IRS 990 filings does New York Military Academy have?
New York Military Academy 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 $2.1M in total revenue.
How does New York Military Academy plan to address its consistent operating deficits?
The filings consistently show expenses exceeding revenue, such as a $1,093,830 deficit in 202306. The organization needs a clear strategy to achieve financial sustainability.
What is the detailed breakdown of expenses (program, administrative, fundraising) for New York Military Academy?
The provided data does not offer a detailed breakdown of expenses, making it difficult to assess spending efficiency and program focus. This information is crucial for understanding how funds are utilized.
How does New York Military Academy plan to manage its growing liabilities, which reached $7,764,353 in 202306?
The organization's liabilities significantly exceed its assets ($1,995,074 in 202306), indicating a high debt burden that poses a significant risk to its long-term viability.
Why is officer compensation consistently reported as 0% across all filings?
The consistent reporting of 0% officer compensation is unusual and warrants further investigation to understand how executive leadership is compensated, if at all, or if it's reported under a different category.
What is the long-term financial outlook for New York Military Academy given its current financial trends?
With persistent deficits and increasing liabilities, the long-term financial outlook appears challenging without significant changes in revenue generation or expense management.
Filing History
IRS 990 filing history for New York Military Academy showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Military Academy's revenue has declined by 16.1%, moving from $2.7M to $2.3M. Total assets decreased by 56.8% over the same period, from $4.6M to $2.0M. Total functional expenses fell by 27.6%, from $4.6M to $3.4M. In its most recent filing year (2023), New York Military Academy reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $7.8M in liabilities against $2.0M in assets (debt-to-asset ratio: 389.2%), resulting in net assets of $-5,769,279.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $3.4M | $2.0M | $7.8M | — | — |
| 2022 | $2.3M | $3.0M | $2.2M | $6.9M | — | View 990 |
| 2021 | $3.8M | $3.9M | $1.8M | $5.8M | — | — |
| 2020 | $4.5M | $4.5M | $2.2M | $6.1M | — | — |
| 2019 | $4.5M | $5.4M | $1.8M | $5.7M | — | View 990 |
| 2018 | $3.0M | $4.3M | $1.5M | $4.4M | — | View 990 |
| 2017 | $2.5M | $3.6M | $875K | $2.5M | — | View 990 |
| 2016 | $14.1M | $5.0M | $2.6M | $3.1M | — | View 990 |
| 2015 | $2.2M | $4.0M | $3.0M | $12.7M | — | View 990 |
| 2014 | $2.9M | $5.5M | $3.2M | $11.0M | — | View 990 |
| 2013 | $4.8M | $6.2M | $3.7M | $8.9M | — | View 990 |
| 2012 | $4.4M | $5.4M | $4.3M | $8.1M | — | View 990 |
| 2011 | $2.7M | $4.6M | $4.6M | $7.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $3.4M, and assets of $2.0M (revenue +0.2% year-over-year).
- 2022: Revenue of $2.3M, expenses of $3.0M, and assets of $2.2M (revenue -40.0% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.9M, and assets of $1.8M (revenue -15.6% year-over-year).
- 2020: Revenue of $4.5M, expenses of $4.5M, and assets of $2.2M (revenue +0.1% year-over-year).
- 2019: Revenue of $4.5M, expenses of $5.4M, and assets of $1.8M (revenue +47.2% year-over-year).
- 2018: Revenue of $3.0M, expenses of $4.3M, and assets of $1.5M (revenue +21.4% year-over-year).
- 2017: Revenue of $2.5M, expenses of $3.6M, and assets of $875K (revenue -82.3% year-over-year).
- 2016: Revenue of $14.1M, expenses of $5.0M, and assets of $2.6M (revenue +548.6% year-over-year).
- 2015: Revenue of $2.2M, expenses of $4.0M, and assets of $3.0M (revenue -24.8% year-over-year).
- 2014: Revenue of $2.9M, expenses of $5.5M, and assets of $3.2M (revenue -39.5% year-over-year).
- 2013: Revenue of $4.8M, expenses of $6.2M, and assets of $3.7M (revenue +7.8% year-over-year).
- 2012: Revenue of $4.4M, expenses of $5.4M, and assets of $4.3M (revenue +63.9% year-over-year).
- 2011: Revenue of $2.7M, expenses of $4.6M, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Military Academy:
Data Sources and Methodology
This transparency report for New York Military Academy 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.