New York Municipal Power Agency
New York Municipal Power Agency shows consistent revenue and expense levels with fluctuating annual surpluses and deficits.
EIN: 161539068 · East Syracuse, NY · NTEE: Y22 · Updated: 2026-03-28
Is New York Municipal Power 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 Municipal Power Agency directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Municipal Power Agency
New York Municipal Power Agency (EIN: 161539068) is a nonprofit organization based in East Syracuse, NY, classified under NTEE code Y22. The organization reported total revenue of $63.6M and total assets of $41.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Municipal Power Agency's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Municipal Power Agency is a major nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67.7M |
| Total Expenses | $63.2M |
| Surplus / Deficit | +$4.5M |
| Total Assets | $34.3M |
| Total Liabilities | $15.7M |
| Net Assets | $18.7M |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 45.6% |
| Months of Reserves | 6.5 months |
Financial Health Grade: A
In 2023, New York Municipal Power Agency reported a surplus of $4.5M with revenue exceeding expenses, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 45.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Municipal Power Agency's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | -19.3% | -6.6% |
| 2022 | +56.6% | +69.0% | +10.4% |
| 2021 | +15.3% | +13.4% | +0.6% |
| 2020 | -12.6% | -4.6% | +13.4% |
| 2019 | -14.2% | -16.9% | +15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Municipal Power Agency 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, New York Municipal Power Agency allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $4.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity of its size with revenues often exceeding tens of millions. This could indicate that executive roles are unpaid or that compensation is categorized differently, 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 Municipal Power Agency's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which may obscure actual leadership costs.
- Significant operational deficit in 2022 ($78,306,164 expenses vs. $72,287,355 revenue).
Strengths
The following positive indicators were identified for New York Municipal Power Agency:
- Consistent revenue generation, often exceeding $40 million annually.
- Substantial growth in assets from $9.7 million in 2014 to $34.3 million in 2023, indicating financial stability and growth.
- Generally maintains expenses close to revenues, suggesting prudent financial management over time.
Frequently Asked Questions about New York Municipal Power Agency
Is New York Municipal Power Agency a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Municipal Power Agency (EIN: 161539068) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does New York Municipal Power Agency spend its money?
New York Municipal Power Agency directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Municipal Power Agency tax-deductible?
New York Municipal Power Agency is registered as a tax-exempt nonprofit (EIN: 161539068). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the New York Municipal Power Agency manage its operational deficits, such as the $6 million deficit in 2022?
The filings do not provide specific details on how deficits are managed, but the agency's growing asset base suggests it has reserves or other financial strategies to absorb such fluctuations.
What is the actual executive compensation structure, given the 0% reported in IRS 990 filings?
The consistent 0% reported for officer compensation suggests either a volunteer executive board or that compensation is reported under different expense categories, which would require a deeper dive into the full 990 forms for clarity.
What are the primary drivers of the significant increase in liabilities from $2,279,392 in 2016 to $15,670,979 in 2023?
The filings do not specify the nature of these liabilities. A detailed review of the balance sheet in the full 990 would be necessary to understand the composition and implications of this growth.
Filing History
IRS 990 filing history for New York Municipal Power Agency showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Municipal Power Agency's revenue has grown by 83.9%, moving from $36.8M to $67.7M. Total assets increased by 264.1% over the same period, from $9.4M to $34.3M. Total functional expenses rose by 77.1%, from $35.7M to $63.2M. In its most recent filing year (2023), New York Municipal Power Agency reported a surplus of $4.5M, with revenue exceeding expenses. The organization holds $15.7M in liabilities against $34.3M in assets (debt-to-asset ratio: 45.6%), resulting in net assets of $18.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67.7M | $63.2M | $34.3M | $15.7M | — | — |
| 2022 | $72.3M | $78.3M | $36.8M | $22.6M | — | View 990 |
| 2021 | $46.2M | $46.3M | $33.3M | $13.1M | — | View 990 |
| 2020 | $40.0M | $40.9M | $33.1M | $12.8M | — | — |
| 2019 | $45.8M | $42.8M | $29.2M | $8.0M | — | View 990 |
| 2018 | $53.3M | $51.5M | $25.3M | $7.1M | — | View 990 |
| 2017 | $37.5M | $32.7M | $23.5M | $7.1M | — | View 990 |
| 2016 | $31.1M | $28.4M | $13.8M | $2.3M | — | View 990 |
| 2015 | $41.1M | $38.7M | $11.4M | $2.6M | — | View 990 |
| 2014 | $61.5M | $59.4M | $9.8M | $3.3M | — | View 990 |
| 2013 | $41.1M | $41.2M | $9.9M | $5.5M | — | View 990 |
| 2012 | $31.7M | $31.5M | $10.2M | $5.7M | — | View 990 |
| 2011 | $36.8M | $35.7M | $9.4M | $5.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67.7M, expenses of $63.2M, and assets of $34.3M (revenue -6.4% year-over-year).
- 2022: Revenue of $72.3M, expenses of $78.3M, and assets of $36.8M (revenue +56.6% year-over-year).
- 2021: Revenue of $46.2M, expenses of $46.3M, and assets of $33.3M (revenue +15.3% year-over-year).
- 2020: Revenue of $40.0M, expenses of $40.9M, and assets of $33.1M (revenue -12.6% year-over-year).
- 2019: Revenue of $45.8M, expenses of $42.8M, and assets of $29.2M (revenue -14.2% year-over-year).
- 2018: Revenue of $53.3M, expenses of $51.5M, and assets of $25.3M (revenue +42.1% year-over-year).
- 2017: Revenue of $37.5M, expenses of $32.7M, and assets of $23.5M (revenue +20.5% year-over-year).
- 2016: Revenue of $31.1M, expenses of $28.4M, and assets of $13.8M (revenue -24.1% year-over-year).
- 2015: Revenue of $41.1M, expenses of $38.7M, and assets of $11.4M (revenue -33.2% year-over-year).
- 2014: Revenue of $61.5M, expenses of $59.4M, and assets of $9.8M (revenue +49.7% year-over-year).
- 2013: Revenue of $41.1M, expenses of $41.2M, and assets of $9.9M (revenue +29.6% year-over-year).
- 2012: Revenue of $31.7M, expenses of $31.5M, and assets of $10.2M (revenue -13.8% year-over-year).
- 2011: Revenue of $36.8M, expenses of $35.7M, and assets of $9.4M.
Data Sources and Methodology
This transparency report for New York Municipal Power 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.