New York St Capital Dist Ass Of Zeta Psi Inc
Zeta Psi Inc: Strong Assets, Inconsistent Revenue, and Limited Program Spending
EIN: 222534431 · Sanford, NC · Updated: 2026-04-04
Is New York St Capital Dist Ass Of Zeta Psi Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New York St Capital Dist Ass Of Zeta Psi Inc
New York St Capital Dist Ass Of Zeta Psi Inc (EIN: 222534431) is a nonprofit organization based in Sanford, NC. The organization reported total revenue of $259K 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 St Capital Dist Ass Of Zeta Psi Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York St Capital Dist Ass Of Zeta Psi Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $173K |
| Surplus / Deficit | +$9K |
| Total Assets | $1.0M |
| Total Liabilities | $7K |
| Net Assets | $1.0M |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 71.0 months |
Financial Health Grade: A
In 2024, New York St Capital Dist Ass Of Zeta Psi Inc reported a surplus of $9K with revenue exceeding expenses, holds 71.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), New York St Capital Dist Ass Of Zeta Psi Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -19.4% | +6.3% | +3.5% |
| 2023 | +50.8% | +18.7% | +6.3% |
| 2022 | +135.8% | +105.4% | +1.3% |
| 2021 | -71.4% | -56.7% | -1.8% |
| 2020 | +1437.0% | -4.8% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 St Capital Dist Ass Of Zeta Psi Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, New York St Capital Dist Ass Of Zeta Psi Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided data, and all expenses are categorized as administrative.
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 St Capital Dist Ass Of Zeta Psi Inc's IRS 990 filings:
- Zero program service expenses reported in all available filings, raising questions about charitable impact.
- 100% of expenses consistently allocated to administrative costs, suggesting a lack of direct mission-related spending.
- Significant assets ($1,082,679 in 2024) with no apparent programmatic use.
- Inconsistent revenue generation over the years, with fluctuations from $14,490 (2019) to $258,889 (2024).
Strengths
The following positive indicators were identified for New York St Capital Dist Ass Of Zeta Psi Inc:
- Strong asset base, consistently over $790,000 since 2017, providing financial stability.
- Low liabilities, indicating good financial management in terms of debt.
- Consistent filing of financial documents, demonstrating compliance with reporting requirements.
Frequently Asked Questions about New York St Capital Dist Ass Of Zeta Psi Inc
Is New York St Capital Dist Ass Of Zeta Psi Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York St Capital Dist Ass Of Zeta Psi Inc (EIN: 222534431) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does New York St Capital Dist Ass Of Zeta Psi Inc spend its money?
Detailed spending breakdown data is not yet available for New York St Capital Dist Ass Of Zeta Psi Inc. Check back for updated IRS 990 analysis.
Are donations to New York St Capital Dist Ass Of Zeta Psi Inc tax-deductible?
New York St Capital Dist Ass Of Zeta Psi Inc is registered as a tax-exempt nonprofit (EIN: 222534431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does New York St Capital Dist Ass Of Zeta Psi Inc do?
New York St Capital Dist Ass Of Zeta Psi Inc is a nonprofit organization in the Unknown sector, located in Sanford, North Carolina. It is classified under NTEE code Unknown.
How much revenue does New York St Capital Dist Ass Of Zeta Psi Inc have?
New York St Capital Dist Ass Of Zeta Psi Inc reported total revenue of $258,889. Based on 13 IRS 990 filings on record.
What are New York St Capital Dist Ass Of Zeta Psi Inc's total assets?
New York St Capital Dist Ass Of Zeta Psi Inc holds total assets of $1,082,679 as reported in IRS 990 filings.
Where is New York St Capital Dist Ass Of Zeta Psi Inc located?
New York St Capital Dist Ass Of Zeta Psi Inc is based in Sanford, North Carolina.
What is New York St Capital Dist Ass Of Zeta Psi Inc's EIN?
New York St Capital Dist Ass Of Zeta Psi Inc's Employer Identification Number (EIN) is 222534431. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New York St Capital Dist Ass Of Zeta Psi Inc?
New York St Capital Dist Ass Of Zeta Psi Inc is classified under NTEE code Unknown (Unknown).
Is New York St Capital Dist Ass Of Zeta Psi Inc a registered 501(c)(3)?
New York St Capital Dist Ass Of Zeta Psi Inc appears in IRS records (EIN: 222534431). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New York St Capital Dist Ass Of Zeta Psi Inc file IRS Form 990?
Yes, New York St Capital Dist Ass Of Zeta Psi Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202405.
What was New York St Capital Dist Ass Of Zeta Psi Inc's revenue in 2024?
In the 202405 filing period, New York St Capital Dist Ass Of Zeta Psi Inc reported total revenue of $182,437, total expenses of $172,975, and net assets of $1,024,060.
Is New York St Capital Dist Ass Of Zeta Psi Inc's revenue growing or declining?
New York St Capital Dist Ass Of Zeta Psi Inc's revenue is declining. Revenue went from $226,291 (202305) to $182,437 (202405), a -19.4% change. Based on 13 filings on record.
What is New York St Capital Dist Ass Of Zeta Psi Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New York St Capital Dist Ass Of Zeta Psi Inc covers tax period 202405. It shows revenue of $182,437, expenses of $172,975, total assets of $1,024,060, and liabilities of $6,757.
Is New York St Capital Dist Ass Of Zeta Psi Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New York St Capital Dist Ass Of Zeta Psi Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 3 strengths noted.
What are the red flags for New York St Capital Dist Ass Of Zeta Psi Inc?
The following concerns were identified: Zero program service expenses reported in all available filings, raising questions about charitable impact.. 100% of expenses consistently allocated to administrative costs, suggesting a lack of direct mission-related spending.. Significant assets ($1,082,679 in 2024) with no apparent programmatic use.. Inconsistent revenue generation over the years, with fluctuations from $14,490 (2019) to $258,889 (2024).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New York St Capital Dist Ass Of Zeta Psi Inc's strengths?
Positive indicators for New York St Capital Dist Ass Of Zeta Psi Inc include: Strong asset base, consistently over $790,000 since 2017, providing financial stability.. Low liabilities, indicating good financial management in terms of debt.. Consistent filing of financial documents, demonstrating compliance with reporting requirements.. These findings are derived from AI analysis of the organization's financial filings.
How does New York St Capital Dist Ass Of Zeta Psi Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are reported in the provided data, and all expenses are categorized as administrative. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New York St Capital Dist Ass Of Zeta Psi Inc?
• The organization consistently reports 0% program service expenses across all available filings. • Administrative expenses constitute 100% of total expenses, indicating no direct charitable activities. • Liabilities are generally low, but there's no clear breakdown of how funds are utilized beyond administrative costs. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of 0% program service expenses and 100% administrative expenses, what is the actual charitable purpose or mission fulfillment of New York St Capital Dist Ass Of Zeta Psi Inc?
Based on the provided data, the organization does not appear to engage in direct program services. Its financial activities primarily involve managing assets and covering administrative overhead, without clear evidence of charitable output.
With over $1 million in assets, how does the organization plan to leverage these resources to achieve any stated mission, especially considering the lack of program spending?
The data does not provide insight into how the substantial assets are intended to be used for mission-related activities. Without program spending, the assets seem to be held or managed rather than actively deployed for charitable purposes.
Filing History
IRS 990 filing history for New York St Capital Dist Ass Of Zeta Psi Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), New York St Capital Dist Ass Of Zeta Psi Inc's revenue has grown by 16.3%, moving from $157K to $182K. Total assets increased by 85% over the same period, from $554K to $1.0M. Total functional expenses rose by 25.9%, from $137K to $173K. In its most recent filing year (2024), New York St Capital Dist Ass Of Zeta Psi Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $7K in liabilities against $1.0M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $182K | $173K | $1.0M | $7K | — | — |
| 2023 | $226K | $163K | $990K | $2K | — | — |
| 2022 | $150K | $137K | $931K | $4K | — | View 990 |
| 2021 | $64K | $67K | $920K | $17K | — | — |
| 2020 | $223K | $154K | $937K | $36K | — | View 990 |
| 2019 | $14K | $162K | $868K | $67 | — | View 990 |
| 2018 | $181K | $181K | $797K | $6K | — | View 990 |
| 2017 | $218K | $110K | $798K | $8K | — | View 990 |
| 2016 | $190K | $128K | $692K | $10K | — | View 990 |
| 2015 | $136K | $110K | $627K | $7K | — | View 990 |
| 2014 | $190K | $162K | $605K | $10K | — | View 990 |
| 2013 | $122K | $95K | $574K | $7K | — | View 990 |
| 2012 | $157K | $137K | $554K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $182K, expenses of $173K, and assets of $1.0M (revenue -19.4% year-over-year).
- 2023: Revenue of $226K, expenses of $163K, and assets of $990K (revenue +50.8% year-over-year).
- 2022: Revenue of $150K, expenses of $137K, and assets of $931K (revenue +135.8% year-over-year).
- 2021: Revenue of $64K, expenses of $67K, and assets of $920K (revenue -71.4% year-over-year).
- 2020: Revenue of $223K, expenses of $154K, and assets of $937K (revenue +1437.0% year-over-year).
- 2019: Revenue of $14K, expenses of $162K, and assets of $868K (revenue -92.0% year-over-year).
- 2018: Revenue of $181K, expenses of $181K, and assets of $797K (revenue -16.8% year-over-year).
- 2017: Revenue of $218K, expenses of $110K, and assets of $798K (revenue +14.5% year-over-year).
- 2016: Revenue of $190K, expenses of $128K, and assets of $692K (revenue +40.2% year-over-year).
- 2015: Revenue of $136K, expenses of $110K, and assets of $627K (revenue -28.6% year-over-year).
- 2014: Revenue of $190K, expenses of $162K, and assets of $605K (revenue +56.2% year-over-year).
- 2013: Revenue of $122K, expenses of $95K, and assets of $574K (revenue -22.3% year-over-year).
- 2012: Revenue of $157K, expenses of $137K, and assets of $554K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York St Capital Dist Ass Of Zeta Psi Inc:
Data Sources and Methodology
This transparency report for New York St Capital Dist Ass Of Zeta Psi 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.