New York Sun Works Inc
New York Sun Works Inc. shows rapid revenue growth and no reported officer compensation across all filings.
EIN: 200670312 · New York, NY · NTEE: U30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $4.5M |
| Program Spending | 85% |
| Net Assets | $2.4M |
| Transparency Score | 92/100 |
Is New York Sun Works Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Sun Works Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Sun Works Inc
New York Sun Works Inc (EIN: 200670312) is a nonprofit organization based in New York, NY, classified under NTEE code U30. The organization reported total revenue of $5.9M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Sun Works Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Sun Works Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 26.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $4.5M |
| Surplus / Deficit | +$573K |
| Total Assets | $2.9M |
| Total Liabilities | $530K |
| Net Assets | $2.4M |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 18.2% |
| Months of Reserves | 7.8 months |
Financial Health Grade: A
In 2023, New York Sun Works Inc reported a surplus of $573K with revenue exceeding expenses, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 18.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Sun Works Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.1% | +50.7% | +32.7% |
| 2022 | +212.9% | +240.5% | +16.9% |
| 2021 | -40.4% | -39.2% | +13.3% |
| 2020 | +5.4% | -14.5% | +62.2% |
| 2019 | +21.2% | +68.7% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Sun Works Inc with a Mission Score of 92 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: 85%
- fundraising: 5%
According to IRS 990 filings, New York Sun Works 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 $573K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.2%.
Executive Compensation Analysis
New York Sun Works Inc. reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is highly unusual and suggests a strong commitment to directing funds to programs.
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.
Strengths
The following positive indicators were identified for New York Sun Works Inc:
- Rapid revenue growth, increasing from $1,066,931 in 2021 to $5,043,720 in 2023.
- Consistent financial surpluses, with revenues exceeding expenses in most recent periods (e.g., $5,043,720 revenue vs. $4,470,494 expenses in 2023).
- Zero reported officer compensation across all 13 filings, indicating high efficiency and dedication of funds to programs.
- Strong asset growth, from $1,877,368 in 2021 to $2,911,668 in 2023, enhancing long-term stability.
- Well-managed liabilities, remaining a small proportion of total assets.
Frequently Asked Questions about New York Sun Works Inc
Is New York Sun Works Inc a legitimate charity?
New York Sun Works Inc (EIN: 200670312) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does New York Sun Works Inc spend its money?
New York Sun Works Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York Sun Works Inc tax-deductible?
New York Sun Works Inc is registered as a tax-exempt nonprofit (EIN: 200670312). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Sun Works Inc's spending goes to programs?
New York Sun Works Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Sun Works Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New York Sun Works Inc is above average for NTEE category U30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Sun Works Inc located?
New York Sun Works Inc is headquartered in New York, New York and files with the IRS under EIN 200670312. It is classified under NTEE code U30.
How many years of IRS 990 filings does New York Sun Works Inc have?
New York Sun Works Inc 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 $5.9M in total revenue.
Is New York Sun Works Inc. a good charity?
Based on its financial data, New York Sun Works Inc. appears to be a very good charity. It demonstrates strong financial growth, consistent surpluses, and a remarkable commitment to its mission by reporting no officer compensation in any of its filings.
How has the organization's revenue grown over time?
New York Sun Works Inc. has experienced significant revenue growth, particularly in recent years. Revenue increased from $1,066,931 in 2021 to $5,043,720 in 2023, representing nearly a five-fold increase in two years.
What is the trend in the organization's assets?
The organization's assets have shown consistent growth, increasing from $1,877,368 in 2021 to $2,911,668 in 2023, indicating effective asset accumulation and financial stability.
Filing History
IRS 990 filing history for New York Sun Works Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Sun Works Inc's revenue has grown by 1615.3%, moving from $294K to $5.0M. Total assets increased by 1180.7% over the same period, from $227K to $2.9M. Total functional expenses rose by 1057.5%, from $386K to $4.5M. In its most recent filing year (2023), New York Sun Works Inc reported a surplus of $573K, with revenue exceeding expenses. The organization holds $530K in liabilities against $2.9M in assets (debt-to-asset ratio: 18.2%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $4.5M | $2.9M | $530K | — | — |
| 2022 | $3.3M | $3.0M | $2.2M | $385K | — | View 990 |
| 2021 | $1.1M | $871K | $1.9M | $389K | — | View 990 |
| 2020 | $1.8M | $1.4M | $1.7M | $364K | — | View 990 |
| 2019 | $1.7M | $1.7M | $1.0M | $16K | — | View 990 |
| 2018 | $1.4M | $993K | $1.0M | $19K | — | View 990 |
| 2017 | $994K | $848K | $591K | $17K | — | — |
| 2016 | $689K | $534K | $435K | $7K | — | View 990 |
| 2015 | $530K | $530K | $285K | $11K | — | View 990 |
| 2014 | $402K | $415K | $287K | $13K | — | View 990 |
| 2013 | $460K | $399K | $296K | $10K | — | View 990 |
| 2012 | $336K | $386K | $240K | $14K | — | View 990 |
| 2011 | $294K | $386K | $227K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $4.5M, and assets of $2.9M (revenue +51.1% year-over-year).
- 2022: Revenue of $3.3M, expenses of $3.0M, and assets of $2.2M (revenue +212.9% year-over-year).
- 2021: Revenue of $1.1M, expenses of $871K, and assets of $1.9M (revenue -40.4% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.4M, and assets of $1.7M (revenue +5.4% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $1.0M (revenue +21.2% year-over-year).
- 2018: Revenue of $1.4M, expenses of $993K, and assets of $1.0M (revenue +41.0% year-over-year).
- 2017: Revenue of $994K, expenses of $848K, and assets of $591K (revenue +44.3% year-over-year).
- 2016: Revenue of $689K, expenses of $534K, and assets of $435K (revenue +30.0% year-over-year).
- 2015: Revenue of $530K, expenses of $530K, and assets of $285K (revenue +31.7% year-over-year).
- 2014: Revenue of $402K, expenses of $415K, and assets of $287K (revenue -12.5% year-over-year).
- 2013: Revenue of $460K, expenses of $399K, and assets of $296K (revenue +37.0% year-over-year).
- 2012: Revenue of $336K, expenses of $386K, and assets of $240K (revenue +14.2% year-over-year).
- 2011: Revenue of $294K, expenses of $386K, and assets of $227K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Sun Works Inc:
Data Sources and Methodology
This transparency report for New York Sun Works 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.