New York State Association Of Black Puerto Rican Hispanic & Asian Legi
New York State Association Of Black Puerto Rican Hispanic & Asian Legi shows recent strong revenue growth and asset accumulation after years of fluctuating finances.
EIN: 112832133 · Albany, NY · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.3M |
| Program Spending | 75% |
| Net Assets | $825K |
| Transparency Score | 70/100 |
Is New York State Association Of Black Puerto Rican Hispanic & Asian Legi Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York State Association Of Black Puerto Rican Hispanic & Asian Legi directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York State Association Of Black Puerto Rican Hispanic & Asian Legi
New York State Association Of Black Puerto Rican Hispanic & Asian Legi (EIN: 112832133) is a nonprofit organization based in Albany, NY, classified under NTEE code B82. The organization reported total revenue of $2.0M 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 State Association Of Black Puerto Rican Hispanic & Asian Legi's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York State Association Of Black Puerto Rican Hispanic & Asian Legi is a mid-size nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$454K |
| Total Assets | $829K |
| Total Liabilities | $5K |
| Net Assets | $825K |
| Operating Margin | 25.9% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, New York State Association Of Black Puerto Rican Hispanic & Asian Legi reported a surplus of $454K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2023), New York State Association Of Black Puerto Rican Hispanic & Asian Legi's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +99.9% | +46.1% | +326.4% |
| 2020 | +70.2% | +93.2% | +14.7% |
| 2019 | -30.7% | -38.5% | +445.5% |
| 2018 | +48.1% | +49.4% | -69.3% |
| 2017 | -2.1% | -7.1% | +184.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 State Association Of Black Puerto Rican Hispanic & Asian Legi with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, New York State Association Of Black Puerto Rican Hispanic & Asian Legi allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $454K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size and revenue, suggesting that executive compensation may be covered by other means or not reported under this category.
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 State Association Of Black Puerto Rican Hispanic & Asian Legi's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive remuneration.
- History of expenses exceeding revenue in multiple periods (e.g., 202009, 201809, 201609, 201509, 201409, 201309) before recent improvements.
Strengths
The following positive indicators were identified for New York State Association Of Black Puerto Rican Hispanic & Asian Legi:
- Significant revenue growth in recent periods, from $878,562 in 202009 to $1,756,675 in 202309.
- Substantial increase in assets, from $194,524 in 202009 to $829,397 in 202309, indicating improved financial stability.
- Positive net income in the latest filing (202309), with revenue exceeding expenses by over $450,000.
Frequently Asked Questions about New York State Association Of Black Puerto Rican Hispanic & Asian Legi
Is New York State Association Of Black Puerto Rican Hispanic & Asian Legi a legitimate charity?
Based on AI analysis of IRS 990 filings, New York State Association Of Black Puerto Rican Hispanic & Asian Legi (EIN: 112832133) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does New York State Association Of Black Puerto Rican Hispanic & Asian Legi spend its money?
New York State Association Of Black Puerto Rican Hispanic & Asian Legi directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York State Association Of Black Puerto Rican Hispanic & Asian Legi tax-deductible?
New York State Association Of Black Puerto Rican Hispanic & Asian Legi is registered as a tax-exempt nonprofit (EIN: 112832133). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York State Association Of Black Puerto Rican Hispanic & Asian Legi's spending goes to programs?
New York State Association Of Black Puerto Rican Hispanic & Asian Legi directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York State Association Of Black Puerto Rican Hispanic & Asian Legi compare to similar nonprofits?
With a transparency score of 70/100 (Good), New York State Association Of Black Puerto Rican Hispanic & Asian Legi is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York State Association Of Black Puerto Rican Hispanic & Asian Legi located?
New York State Association Of Black Puerto Rican Hispanic & Asian Legi is headquartered in Albany, New York and files with the IRS under EIN 112832133. It is classified under NTEE code B82.
How many years of IRS 990 filings does New York State Association Of Black Puerto Rican Hispanic & Asian Legi have?
New York State Association Of Black Puerto Rican Hispanic & Asian Legi 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. The most recent filing shows $2.0M in total revenue.
Is New York State Association Of Black Puerto Rican Hispanic & Asian Legi a good charity?
The organization shows improved financial health with recent surpluses and asset growth. However, the consistent reporting of 0% officer compensation across all filings raises questions about executive compensation transparency.
How does the organization manage its liabilities?
Liabilities have fluctuated, with a notable increase to $4,715 in 202309, up from $0 in 201909 and 201809, but significantly lower than the $101,498 reported in 201709. This indicates generally low and manageable liabilities in recent years.
What caused the significant revenue increase in recent years?
Revenue increased from $878,562 in 202009 to $1,756,675 in 202309. The filings do not specify the exact sources, but this substantial growth suggests successful fundraising or increased grant acquisition.
Filing History
IRS 990 filing history for New York State Association Of Black Puerto Rican Hispanic & Asian Legi showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), New York State Association Of Black Puerto Rican Hispanic & Asian Legi's revenue has grown by 189.1%, moving from $608K to $1.8M. Total assets increased by 364% over the same period, from $179K to $829K. Total functional expenses rose by 130.9%, from $564K to $1.3M. In its most recent filing year (2023), New York State Association Of Black Puerto Rican Hispanic & Asian Legi reported a surplus of $454K, with revenue exceeding expenses. The organization holds $5K in liabilities against $829K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $825K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.3M | $829K | $5K | — | View 990 |
| 2020 | $879K | $892K | $195K | $78K | — | — |
| 2019 | $516K | $462K | $170K | $0 | — | View 990 |
| 2018 | $745K | $750K | $31K | $0 | — | View 990 |
| 2017 | $503K | $502K | $101K | $101K | — | — |
| 2016 | $514K | $541K | $36K | $20K | — | View 990 |
| 2015 | $565K | $616K | $62K | $20K | — | View 990 |
| 2014 | $580K | $675K | $99K | $1K | — | View 990 |
| 2013 | $595K | $641K | $179K | $2K | — | View 990 |
| 2012 | $574K | $531K | $223K | $0 | — | View 990 |
| 2011 | $264K | $236K | $206K | $5K | — | View 990 |
| 2010 | $608K | $564K | $179K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.3M, and assets of $829K (revenue +99.9% year-over-year).
- 2020: Revenue of $879K, expenses of $892K, and assets of $195K (revenue +70.2% year-over-year).
- 2019: Revenue of $516K, expenses of $462K, and assets of $170K (revenue -30.7% year-over-year).
- 2018: Revenue of $745K, expenses of $750K, and assets of $31K (revenue +48.1% year-over-year).
- 2017: Revenue of $503K, expenses of $502K, and assets of $101K (revenue -2.1% year-over-year).
- 2016: Revenue of $514K, expenses of $541K, and assets of $36K (revenue -9.0% year-over-year).
- 2015: Revenue of $565K, expenses of $616K, and assets of $62K (revenue -2.7% year-over-year).
- 2014: Revenue of $580K, expenses of $675K, and assets of $99K (revenue -2.5% year-over-year).
- 2013: Revenue of $595K, expenses of $641K, and assets of $179K (revenue +3.6% year-over-year).
- 2012: Revenue of $574K, expenses of $531K, and assets of $223K (revenue +117.8% year-over-year).
- 2011: Revenue of $264K, expenses of $236K, and assets of $206K (revenue -56.6% year-over-year).
- 2010: Revenue of $608K, expenses of $564K, and assets of $179K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York State Association Of Black Puerto Rican Hispanic & Asian Legi:
Data Sources and Methodology
This transparency report for New York State Association Of Black Puerto Rican Hispanic & Asian Legi 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.