New York Therapeutic Communities Inc
New York Therapeutic Communities Inc. consistently operates with stable finances and reports no officer compensation.
EIN: 132899442 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $6.4M |
| Program Spending | 90% |
| Net Assets | $16.4M |
| Transparency Score | 95/100 |
Is New York Therapeutic Communities 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 Therapeutic Communities Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Therapeutic Communities Inc
New York Therapeutic Communities Inc (EIN: 132899442) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.4M and total assets of $19.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Therapeutic Communities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Therapeutic Communities Inc is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $6.4M |
| Surplus / Deficit | $-360,115 |
| Total Assets | $19.3M |
| Total Liabilities | $2.9M |
| Net Assets | $16.4M |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 15.2% |
| Months of Reserves | 36.3 months |
Financial Health Grade: B
In 2023, New York Therapeutic Communities Inc reported a deficit of $360K with expenses exceeding revenue, holds 36.3 months of operating reserves (strong position), has a debt-to-asset ratio of 15.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Therapeutic Communities Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.2% | +5.8% | +3.9% |
| 2022 | +1.1% | +1.7% | -1.1% |
| 2021 | -14.2% | -0.7% | -0.2% |
| 2020 | -18.4% | -0.1% | +3.8% |
| 2019 | +11.7% | +16.5% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Therapeutic Communities Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, New York Therapeutic Communities Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $360K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is a highly unusual and positive finding, suggesting a strong dedication to minimizing overhead and maximizing program spending.
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 Therapeutic Communities Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency and mission focus.
- Steady growth in assets from $12.1 million in 2015 to $19.2 million in 2023, demonstrating financial stability.
- Revenues generally cover expenses, indicating sustainable operations.
- Manageable liabilities relative to assets, suggesting good financial health.
Frequently Asked Questions about New York Therapeutic Communities Inc
Is New York Therapeutic Communities Inc a legitimate charity?
New York Therapeutic Communities Inc (EIN: 132899442) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.4M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does New York Therapeutic Communities Inc spend its money?
New York Therapeutic Communities Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to New York Therapeutic Communities Inc tax-deductible?
New York Therapeutic Communities Inc is registered as a tax-exempt nonprofit (EIN: 132899442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Therapeutic Communities Inc's spending goes to programs?
New York Therapeutic Communities Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York Therapeutic Communities Inc located?
New York Therapeutic Communities Inc is headquartered in New York, New York and files with the IRS under EIN 132899442.
How many years of IRS 990 filings does New York Therapeutic Communities Inc have?
New York Therapeutic Communities 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 $6.4M in total revenue.
Is New York Therapeutic Communities Inc. a good charity?
Based on the available financial data, particularly the consistent reporting of 0% officer compensation and stable asset growth, New York Therapeutic Communities Inc. appears to be a very good charity with a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization has shown consistent financial stability and growth. Assets have increased from $12.1 million in 2015 to over $19.2 million in 2023, and revenues have generally kept pace with or exceeded expenses, indicating sound financial management over the long term.
What is the organization's approach to executive compensation?
New York Therapeutic Communities Inc. reports 0% officer compensation in all available filings, which is an exceptional practice demonstrating a strong commitment to directing resources towards its programs rather than executive salaries.
Filing History
IRS 990 filing history for New York Therapeutic Communities Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Therapeutic Communities Inc's revenue has declined by 22.7%, moving from $7.8M to $6.0M. Total assets increased by 53.1% over the same period, from $12.6M to $19.3M. Total functional expenses rose by 62%, from $3.9M to $6.4M. In its most recent filing year (2023), New York Therapeutic Communities Inc reported a deficit of $360K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $19.3M in assets (debt-to-asset ratio: 15.2%), resulting in net assets of $16.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $6.4M | $19.3M | $2.9M | — | View 990 |
| 2022 | $5.8M | $6.0M | $18.6M | $1.9M | — | View 990 |
| 2021 | $5.8M | $5.9M | $18.8M | $1.9M | — | View 990 |
| 2020 | $6.7M | $6.0M | $18.8M | $1.7M | — | View 990 |
| 2019 | $8.2M | $6.0M | $18.1M | $1.8M | — | View 990 |
| 2018 | $7.4M | $5.1M | $18.4M | $4.3M | — | — |
| 2017 | $5.5M | $5.0M | $16.8M | $5.0M | — | View 990 |
| 2016 | $4.5M | $4.8M | $17.0M | $5.7M | — | View 990 |
| 2015 | $4.5M | $4.6M | $12.1M | $579K | — | View 990 |
| 2014 | $4.3M | $4.5M | $12.3M | $685K | — | View 990 |
| 2013 | $4.0M | $4.1M | $12.7M | $811K | — | View 990 |
| 2012 | $5.5M | $3.8M | $12.5M | $531K | — | View 990 |
| 2011 | $7.8M | $3.9M | $12.6M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $6.4M, and assets of $19.3M (revenue +3.2% year-over-year).
- 2022: Revenue of $5.8M, expenses of $6.0M, and assets of $18.6M (revenue +1.1% year-over-year).
- 2021: Revenue of $5.8M, expenses of $5.9M, and assets of $18.8M (revenue -14.2% year-over-year).
- 2020: Revenue of $6.7M, expenses of $6.0M, and assets of $18.8M (revenue -18.4% year-over-year).
- 2019: Revenue of $8.2M, expenses of $6.0M, and assets of $18.1M (revenue +11.7% year-over-year).
- 2018: Revenue of $7.4M, expenses of $5.1M, and assets of $18.4M (revenue +34.6% year-over-year).
- 2017: Revenue of $5.5M, expenses of $5.0M, and assets of $16.8M (revenue +20.5% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.8M, and assets of $17.0M (revenue +1.6% year-over-year).
- 2015: Revenue of $4.5M, expenses of $4.6M, and assets of $12.1M (revenue +3.8% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.5M, and assets of $12.3M (revenue +7.9% year-over-year).
- 2013: Revenue of $4.0M, expenses of $4.1M, and assets of $12.7M (revenue -26.8% year-over-year).
- 2012: Revenue of $5.5M, expenses of $3.8M, and assets of $12.5M (revenue -29.8% year-over-year).
- 2011: Revenue of $7.8M, expenses of $3.9M, and assets of $12.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Therapeutic Communities Inc:
Data Sources and Methodology
This transparency report for New York Therapeutic Communities 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.