New York University Veba Trust
NYU VEBA Trust maintains robust financial health with minimal expenses and zero officer compensation.
EIN: 16274657 · New York, NY · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.2M |
| Total Expenses | $128K |
| Program Spending | 99% |
| Net Assets | $213.4M |
| Transparency Score | 95/100 |
Is New York University Veba Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York University Veba Trust directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York University Veba Trust
New York University Veba Trust (EIN: 16274657) is a nonprofit organization based in New York, NY, classified under NTEE code Y43. The organization reported total revenue of $27.2M and total assets of $264.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York University Veba Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York University Veba Trust is a large nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.0M |
| Total Expenses | $128K |
| Surplus / Deficit | +$16.8M |
| Total Assets | $213.4M |
| Net Assets | $213.4M |
| Operating Margin | 99.2% |
| Months of Reserves | 19955.7 months |
Financial Health Grade: A
In 2023, New York University Veba Trust reported a surplus of $16.8M with revenue exceeding expenses, holds 19955.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), New York University Veba Trust's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | +4.3% | +15.7% |
| 2022 | +1.0% | +13.8% | -9.2% |
| 2021 | +278.4% | +25.6% | +28.0% |
| 2020 | -70.3% | +14.1% | +14.5% |
| 2019 | +6.6% | +8.2% | +11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 University Veba Trust 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, New York University Veba Trust allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $16.8M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the trust's management is either unpaid or compensated through other entities, which is a positive sign for efficiency and resource allocation within the trust itself.
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 University Veba Trust:
- Extremely low operating expenses relative to revenue and assets (e.g., $128,306 expenses on $16,971,769 revenue in 202308).
- Consistent and significant asset growth over time, from $61.8M in 2014 to $264M currently.
- Zero reported officer compensation across all filings, indicating efficient use of funds.
- Zero liabilities reported in recent years, demonstrating strong financial stability.
- Clear and consistent financial reporting through 990 filings.
Frequently Asked Questions about New York University Veba Trust
Is New York University Veba Trust a legitimate charity?
New York University Veba Trust (EIN: 16274657) 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: $27.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does New York University Veba Trust spend its money?
New York University Veba Trust directs 99% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to New York University Veba Trust tax-deductible?
New York University Veba Trust is registered as a tax-exempt nonprofit (EIN: 16274657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does New York University Veba Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), New York University Veba Trust is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York University Veba Trust located?
New York University Veba Trust is headquartered in New York, New York and files with the IRS under EIN 16274657. It is classified under NTEE code Y43.
How many years of IRS 990 filings does New York University Veba Trust have?
New York University Veba Trust 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 $27.2M in total revenue.
Is New York University Veba Trust a good charity?
As a VEBA, it's not a traditional charity but an employee benefit trust. For its specific purpose, it appears to be exceptionally well-managed, with very low expenses and strong asset growth, indicating it effectively stewards funds for its beneficiaries.
How does the trust manage its expenses?
The trust consistently reports extremely low expenses relative to its revenue and assets. For example, in 202308, expenses were only $128,306 against $16,971,769 in revenue, suggesting highly efficient operations with minimal overhead.
What is the purpose of the New York University Veba Trust?
Based on its NTEE code (Y43 - Employee or Member Welfare Organizations) and financial structure, it functions as a Voluntary Employees' Beneficiary Association (VEBA), designed to hold assets for the purpose of providing employee benefits.
Has the trust's financial health improved over time?
Yes, the trust's assets have shown consistent growth, from $61,833,604 in 201408 to $264,059,592 currently, indicating strong financial management and accumulation of resources for its beneficiaries.
Are there any liabilities reported by the trust?
For most recent periods (201508-202308), the trust has reported $0 in liabilities, indicating a very strong balance sheet and no outstanding debts.
Filing History
IRS 990 filing history for New York University Veba Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York University Veba Trust's revenue has grown by 88.4%, moving from $9.0M to $17.0M. Total assets increased by 689.9% over the same period, from $27.0M to $213.4M. In its most recent filing year (2023), New York University Veba Trust reported a surplus of $16.8M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.0M | $128K | $213.4M | $0 | — | View 990 |
| 2022 | $15.8M | $123K | $184.5M | $0 | — | View 990 |
| 2021 | $15.6M | $108K | $203.1M | $0 | — | View 990 |
| 2020 | $4.1M | $86K | $158.6M | $0 | — | — |
| 2019 | $13.9M | $75K | $138.5M | $0 | — | View 990 |
| 2018 | $13.0M | $70K | $124.7M | $0 | — | View 990 |
| 2017 | $12.7M | $38K | $104.7M | $0 | — | View 990 |
| 2016 | $13.1M | $12K | $84.8M | $0 | — | View 990 |
| 2015 | $13.8M | $35K | $70.4M | $0 | — | View 990 |
| 2014 | $13.6M | $22K | $61.8M | $426K | — | View 990 |
| 2013 | $11.7M | $10K | $48.9M | $386K | — | View 990 |
| 2012 | $9.0M | $6K | $36.1M | $0 | — | View 990 |
| 2011 | $9.0M | $0 | $27.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.0M, expenses of $128K, and assets of $213.4M (revenue +7.6% year-over-year).
- 2022: Revenue of $15.8M, expenses of $123K, and assets of $184.5M (revenue +1.0% year-over-year).
- 2021: Revenue of $15.6M, expenses of $108K, and assets of $203.1M (revenue +278.4% year-over-year).
- 2020: Revenue of $4.1M, expenses of $86K, and assets of $158.6M (revenue -70.3% year-over-year).
- 2019: Revenue of $13.9M, expenses of $75K, and assets of $138.5M (revenue +6.6% year-over-year).
- 2018: Revenue of $13.0M, expenses of $70K, and assets of $124.7M (revenue +2.4% year-over-year).
- 2017: Revenue of $12.7M, expenses of $38K, and assets of $104.7M (revenue -2.9% year-over-year).
- 2016: Revenue of $13.1M, expenses of $12K, and assets of $84.8M (revenue -4.9% year-over-year).
- 2015: Revenue of $13.8M, expenses of $35K, and assets of $70.4M (revenue +1.6% year-over-year).
- 2014: Revenue of $13.6M, expenses of $22K, and assets of $61.8M (revenue +15.9% year-over-year).
- 2013: Revenue of $11.7M, expenses of $10K, and assets of $48.9M (revenue +29.7% year-over-year).
- 2012: Revenue of $9.0M, expenses of $6K, and assets of $36.1M (revenue +0.5% year-over-year).
- 2011: Revenue of $9.0M, expenses of $0, and assets of $27.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York University Veba Trust:
Data Sources and Methodology
This transparency report for New York University Veba Trust 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.