New York Restoration Project
New York Restoration Project maintains stable assets but faces recent operational deficits with no reported officer compensation.
EIN: 133959056 · New York, NY · NTEE: C500 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $7.9M |
| Program Spending | 80% |
| Net Assets | $13.8M |
| Transparency Score | 85/100 |
Is New York Restoration Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Restoration Project directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Restoration Project
New York Restoration Project (EIN: 133959056) is a nonprofit organization based in New York, NY, classified under NTEE code C500. The organization reported total revenue of $4.3M and total assets of $16.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Restoration Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Restoration Project is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $7.9M |
| Surplus / Deficit | $-197,356 |
| Total Assets | $16.9M |
| Total Liabilities | $3.0M |
| Net Assets | $13.8M |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 17.9% |
| Months of Reserves | 25.5 months |
Financial Health Grade: B
In 2023, New York Restoration Project reported a deficit of $197K with expenses exceeding revenue, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 17.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Restoration Project's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.2% | +11.9% | +1.6% |
| 2022 | +8.0% | +16.4% | -6.5% |
| 2021 | -5.8% | +7.0% | +1.2% |
| 2020 | -32.1% | -16.1% | -17.2% |
| 2019 | +12.4% | -4.5% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Restoration Project with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, New York Restoration Project allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $197K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.9%.
Executive Compensation Analysis
The New York Restoration Project consistently reports 0% officer compensation across all available filings, indicating that no salaries were paid to officers, directors, or trustees, which is highly unusual for an organization of its size and revenue, suggesting a strong commitment to program spending or alternative compensation structures not captured as 'officer compensation'.
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 Restoration Project's IRS 990 filings:
- Consistent operational deficits in the last three reported periods (2021-2023), where expenses exceeded revenue.
- Unusually low or zero reported officer compensation for an organization of this size, which might warrant further investigation into how leadership is compensated or if it's volunteer-led.
Strengths
The following positive indicators were identified for New York Restoration Project:
- Strong and stable asset base, averaging over $16 million, providing financial resilience.
- Consistent filing of IRS 990s, demonstrating good transparency.
- No reported officer compensation across all filings, indicating a high dedication of funds to programmatic activities.
- Long operational history with 13 filings, suggesting established presence and experience.
Frequently Asked Questions about New York Restoration Project
Is New York Restoration Project a legitimate charity?
New York Restoration Project (EIN: 133959056) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does New York Restoration Project spend its money?
New York Restoration Project directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New York Restoration Project tax-deductible?
New York Restoration Project is registered as a tax-exempt nonprofit (EIN: 133959056). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Restoration Project's spending goes to programs?
New York Restoration Project directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Restoration Project compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New York Restoration Project is above average for NTEE category C500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Restoration Project located?
New York Restoration Project is headquartered in New York, New York and files with the IRS under EIN 133959056. It is classified under NTEE code C500.
How many years of IRS 990 filings does New York Restoration Project have?
New York Restoration Project 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 $4.3M in total revenue.
Is New York Restoration Project a good charity?
Based on the available data, NYRP appears to be a good charity. It maintains a strong asset base, consistently files its IRS 990s, and notably reports 0% officer compensation, suggesting a high dedication of funds to its mission. However, recent operational deficits should be monitored.
How has NYRP's revenue trended over the past few years?
NYRP's revenue has fluctuated, with a high of $11,440,800 in 201409 and a low of $5,638,155 in 202109. The most recent filing (202309) shows revenue at $7,743,188, indicating some variability but generally remaining in the multi-million dollar range.
Are NYRP's expenses under control?
While expenses have generally tracked revenue, NYRP has reported operational deficits in the last three periods (202109, 202209, 202309), where expenses exceeded revenue. For example, in 202309, expenses were $7,940,544 against revenue of $7,743,188. This trend suggests a need for careful expense management to avoid drawing down reserves.
Filing History
IRS 990 filing history for New York Restoration Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Restoration Project's revenue has declined by 20.1%, moving from $9.7M to $7.7M. Total assets increased by 35.9% over the same period, from $12.4M to $16.9M. Total functional expenses fell by 18.6%, from $9.8M to $7.9M. In its most recent filing year (2023), New York Restoration Project reported a deficit of $197K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $16.9M in assets (debt-to-asset ratio: 17.9%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.7M | $7.9M | $16.9M | $3.0M | — | — |
| 2022 | $6.1M | $7.1M | $16.6M | $2.9M | — | View 990 |
| 2021 | $5.6M | $6.1M | $17.8M | $2.1M | — | View 990 |
| 2020 | $6.0M | $5.7M | $17.5M | $1.7M | — | View 990 |
| 2019 | $8.8M | $6.8M | $21.2M | $2.2M | — | View 990 |
| 2018 | $7.8M | $7.1M | $19.6M | $2.5M | — | View 990 |
| 2017 | $7.1M | $7.1M | $18.7M | $1.8M | — | View 990 |
| 2016 | $7.9M | $7.3M | $17.9M | $1.2M | — | View 990 |
| 2015 | $9.4M | $9.2M | $16.9M | $1.2M | — | View 990 |
| 2014 | $11.4M | $8.3M | $17.5M | $1.5M | — | View 990 |
| 2013 | $10.3M | $7.5M | $14.1M | $1.3M | — | View 990 |
| 2012 | $9.0M | $8.4M | $13.3M | $1.2M | — | View 990 |
| 2011 | $9.7M | $9.8M | $12.4M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.7M, expenses of $7.9M, and assets of $16.9M (revenue +27.2% year-over-year).
- 2022: Revenue of $6.1M, expenses of $7.1M, and assets of $16.6M (revenue +8.0% year-over-year).
- 2021: Revenue of $5.6M, expenses of $6.1M, and assets of $17.8M (revenue -5.8% year-over-year).
- 2020: Revenue of $6.0M, expenses of $5.7M, and assets of $17.5M (revenue -32.1% year-over-year).
- 2019: Revenue of $8.8M, expenses of $6.8M, and assets of $21.2M (revenue +12.4% year-over-year).
- 2018: Revenue of $7.8M, expenses of $7.1M, and assets of $19.6M (revenue +10.2% year-over-year).
- 2017: Revenue of $7.1M, expenses of $7.1M, and assets of $18.7M (revenue -10.2% year-over-year).
- 2016: Revenue of $7.9M, expenses of $7.3M, and assets of $17.9M (revenue -16.0% year-over-year).
- 2015: Revenue of $9.4M, expenses of $9.2M, and assets of $16.9M (revenue -17.5% year-over-year).
- 2014: Revenue of $11.4M, expenses of $8.3M, and assets of $17.5M (revenue +10.9% year-over-year).
- 2013: Revenue of $10.3M, expenses of $7.5M, and assets of $14.1M (revenue +14.8% year-over-year).
- 2012: Revenue of $9.0M, expenses of $8.4M, and assets of $13.3M (revenue -7.2% year-over-year).
- 2011: Revenue of $9.7M, expenses of $9.8M, and assets of $12.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Restoration Project:
Data Sources and Methodology
This transparency report for New York Restoration Project 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.