New York Shipping Association Inc
New York Shipping Association Inc. consistently generates significant surpluses, growing assets to over $286 million with no reported officer compensation.
EIN: 135637319 · Edison, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $230.1M |
| Program Spending | 85% |
| Net Assets | $258.1M |
| Transparency Score | 75/100 |
Is New York Shipping Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Shipping Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Shipping Association Inc
New York Shipping Association Inc (EIN: 135637319) is a nonprofit organization based in Edison, NJ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Shipping Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Shipping Association Inc is a major nonprofit that has been operating for 68 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $302.8M |
| Total Expenses | $230.1M |
| Surplus / Deficit | +$72.7M |
| Total Assets | $286.2M |
| Total Liabilities | $28.1M |
| Net Assets | $258.1M |
| Operating Margin | 24.0% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 14.9 months |
Financial Health Grade: A
In 2023, New York Shipping Association Inc reported a surplus of $72.7M with revenue exceeding expenses, holds 14.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), New York Shipping Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.5% | -25.1% | +34.6% |
| 2022 | +8.5% | +4.8% | +23.6% |
| 2021 | +19.6% | +4.7% | +24.0% |
| 2020 | -6.1% | +4.2% | -6.0% |
| 2019 | +4.1% | -1.1% | +13.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1958 |
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 Shipping Association Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New York Shipping Association Inc 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 surplus of $72.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.8%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, which is highly unusual for an organization with hundreds of millions in revenue and expenses. This suggests either no compensation is paid to officers or it is reported under a different category not captured by 'Officer Comp'.
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 Shipping Association Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown prevents full spending efficiency analysis
- Consistent 0% officer compensation is unusual and warrants further investigation into executive remuneration practices
Strengths
The following positive indicators were identified for New York Shipping Association Inc:
- Consistent generation of significant financial surpluses, such as over $72 million in 202309
- Strong asset growth, increasing from $130 million in 2018 to $286 million in 2023
- Healthy balance sheet with liabilities significantly lower than assets
- Large operational scale with hundreds of millions in revenue and expenses, indicating significant impact
Frequently Asked Questions about New York Shipping Association Inc
Is New York Shipping Association Inc a legitimate charity?
New York Shipping Association Inc (EIN: 135637319) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does New York Shipping Association Inc spend its money?
New York Shipping Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York Shipping Association Inc tax-deductible?
New York Shipping Association Inc is registered as a tax-exempt nonprofit (EIN: 135637319). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Shipping Association Inc's spending goes to programs?
New York Shipping Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York Shipping Association Inc located?
New York Shipping Association Inc is headquartered in Edison, New Jersey and files with the IRS under EIN 135637319.
How many years of IRS 990 filings does New York Shipping Association Inc have?
New York Shipping Association Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the primary purpose of the New York Shipping Association Inc. given its large financial scale?
The IRS 990 data indicates a very large operational scale with hundreds of millions in revenue and expenses, suggesting a significant role, likely related to the shipping industry in the New York area, potentially involving labor relations, port operations, or industry services.
Why is officer compensation consistently reported as zero across all filings?
The consistent reporting of 0% for officer compensation is unusual for an organization of this size. It could mean that officers are not compensated, or their compensation is reported under a different expense category (e.g., salaries and wages) rather than specifically as 'Officer Comp' on the 990 form.
How does the organization manage to generate such significant surpluses in recent years?
In the latest period (202309), the organization reported revenues of $302,784,296 against expenses of $230,089,362, resulting in a surplus of over $72 million. Similar surpluses were seen in 202209 and 202109. This indicates effective revenue generation or cost control, or both, leading to substantial asset growth.
What is the organization's long-term financial stability given its asset and liability trends?
The organization's assets have grown significantly from $130,617,100 in 2018 to $286,171,649 in 2023, while liabilities have remained relatively stable and significantly lower than assets (e.g., $28,053,754 in 2023). This indicates strong financial stability and a healthy balance sheet.
Filing History
IRS 990 filing history for New York Shipping Association Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), New York Shipping Association Inc's revenue has grown by 17.5%, moving from $257.6M to $302.8M. Total assets increased by 153.8% over the same period, from $112.8M to $286.2M. Total functional expenses fell by 0.2%, from $230.6M to $230.1M. In its most recent filing year (2023), New York Shipping Association Inc reported a surplus of $72.7M, with revenue exceeding expenses. The organization holds $28.1M in liabilities against $286.2M in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $258.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $302.8M | $230.1M | $286.2M | $28.1M | — | View 990 |
| 2022 | $350.0M | $307.3M | $212.6M | $31.8M | — | View 990 |
| 2021 | $322.5M | $293.3M | $172.0M | $34.3M | — | — |
| 2020 | $269.6M | $280.2M | $138.8M | $40.4M | — | — |
| 2019 | $287.2M | $269.0M | $147.6M | $37.5M | — | View 990 |
| 2018 | $275.8M | $271.9M | $130.6M | $30.5M | — | View 990 |
| 2017 | $262.7M | $268.3M | $127.3M | $37.1M | — | View 990 |
| 2016 | $254.4M | $255.8M | $131.2M | $40.5M | — | View 990 |
| 2014 | $242.3M | $255.5M | $133.4M | $39.9M | — | View 990 |
| 2013 | $245.7M | $239.0M | $146.0M | $36.6M | — | View 990 |
| 2012 | $255.0M | $232.5M | $134.2M | $40.2M | — | View 990 |
| 2011 | $257.6M | $230.6M | $112.8M | $43.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $302.8M, expenses of $230.1M, and assets of $286.2M (revenue -13.5% year-over-year).
- 2022: Revenue of $350.0M, expenses of $307.3M, and assets of $212.6M (revenue +8.5% year-over-year).
- 2021: Revenue of $322.5M, expenses of $293.3M, and assets of $172.0M (revenue +19.6% year-over-year).
- 2020: Revenue of $269.6M, expenses of $280.2M, and assets of $138.8M (revenue -6.1% year-over-year).
- 2019: Revenue of $287.2M, expenses of $269.0M, and assets of $147.6M (revenue +4.1% year-over-year).
- 2018: Revenue of $275.8M, expenses of $271.9M, and assets of $130.6M (revenue +5.0% year-over-year).
- 2017: Revenue of $262.7M, expenses of $268.3M, and assets of $127.3M (revenue +3.3% year-over-year).
- 2016: Revenue of $254.4M, expenses of $255.8M, and assets of $131.2M (revenue +5.0% year-over-year).
- 2014: Revenue of $242.3M, expenses of $255.5M, and assets of $133.4M (revenue -1.4% year-over-year).
- 2013: Revenue of $245.7M, expenses of $239.0M, and assets of $146.0M (revenue -3.6% year-over-year).
- 2012: Revenue of $255.0M, expenses of $232.5M, and assets of $134.2M (revenue -1.0% year-over-year).
- 2011: Revenue of $257.6M, expenses of $230.6M, and assets of $112.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Shipping Association Inc:
Data Sources and Methodology
This transparency report for New York Shipping Association Inc 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.