New York Zen Center Forcontemplative Care
New York Zen Center For Contemplative Care shows consistent revenue growth and asset accumulation, with no reported officer compensation.
EIN: 208452673 · New York, NY · NTEE: P74 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $297K |
| Transparency Score | 75/100 |
Is New York Zen Center Forcontemplative Care Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Zen Center Forcontemplative Care directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Zen Center Forcontemplative Care
New York Zen Center Forcontemplative Care (EIN: 208452673) is a nonprofit organization based in New York, NY, classified under NTEE code P74. The organization reported total revenue of $2.2M and total assets of $864K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Zen Center Forcontemplative Care's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Zen Center Forcontemplative Care is a mid-size nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-65,136 |
| Total Assets | $864K |
| Total Liabilities | $567K |
| Net Assets | $297K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 65.6% |
| Months of Reserves | 5.1 months |
Financial Health Grade: C
In 2023, New York Zen Center Forcontemplative Care reported a deficit of $65K with expenses exceeding revenue, holds 5.1 months of operating reserves (adequate), has a debt-to-asset ratio of 65.6% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), New York Zen Center Forcontemplative Care's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | +26.4% | +33.7% |
| 2022 | +29.2% | +21.2% | +28.6% |
| 2021 | +20.2% | +2.4% | -4.9% |
| 2020 | +27.6% | +9.7% | +15.4% |
| 2019 | +45.7% | +104.8% | -29.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Zen Center Forcontemplative Care with a Mission Score of 75 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: 80%
- fundraising: 5%
According to IRS 990 filings, New York Zen Center Forcontemplative Care allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $65K, with expenses exceeding revenue.
- Debt-to-asset ratio: 65.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues approaching $2 million. This suggests that key leadership may be uncompensated volunteers or compensated through mechanisms not classified as 'officer compensation' on the IRS 990, warranting further investigation for full transparency.
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 Zen Center Forcontemplative Care's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency regarding leadership compensation.
- Expenses exceeded revenue in the most recent fiscal period (2023), indicating a slight operational deficit.
Strengths
The following positive indicators were identified for New York Zen Center Forcontemplative Care:
- Consistent revenue growth over the past decade, indicating increasing support and operational scale.
- Steady growth in assets, nearly doubling from $457,985 in 2019 to $863,574 in 2023, demonstrating financial stability and resource accumulation.
- Positive net assets (Assets > Liabilities) in all reported periods, indicating a healthy financial position.
Frequently Asked Questions about New York Zen Center Forcontemplative Care
Is New York Zen Center Forcontemplative Care a legitimate charity?
New York Zen Center Forcontemplative Care (EIN: 208452673) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.2M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does New York Zen Center Forcontemplative Care spend its money?
New York Zen Center Forcontemplative Care directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New York Zen Center Forcontemplative Care tax-deductible?
New York Zen Center Forcontemplative Care is registered as a tax-exempt nonprofit (EIN: 208452673). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New York Zen Center Forcontemplative Care CEO make?
New York Zen Center Forcontemplative Care's highest-compensated officer earns $2 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New York Zen Center Forcontemplative Care's spending goes to programs?
New York Zen Center Forcontemplative Care directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New York Zen Center Forcontemplative Care compare to similar nonprofits?
With a transparency score of 75/100 (Good), New York Zen Center Forcontemplative Care is above average for NTEE category P74 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New York Zen Center Forcontemplative Care located?
New York Zen Center Forcontemplative Care is headquartered in New York, New York and files with the IRS under EIN 208452673. It is classified under NTEE code P74.
How many years of IRS 990 filings does New York Zen Center Forcontemplative Care have?
New York Zen Center Forcontemplative Care has 14 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 $2.2M in total revenue.
How are the organization's key leaders compensated if officer compensation is consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that either the organization's leadership is entirely volunteer-based, or their compensation is categorized under different expense lines (e.g., salaries and wages for non-officer roles) that are not explicitly identified as officer compensation on the provided summary data. This warrants further investigation into the full IRS 990 forms for detailed compensation schedules.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. To accurately assess spending efficiency, one would need to review the full IRS 990 filings, specifically Part IX, Statement of Functional Expenses.
Why did expenses exceed revenue in the 2023 fiscal period?
In the 2023 fiscal period, expenses ($2,049,735) exceeded revenue ($1,984,599) by approximately $65,136. This resulted in a net deficit for the year, which could be due to increased operational costs, one-time expenditures, or a temporary dip in contributions. It's important to monitor if this becomes a recurring trend.
Filing History
IRS 990 filing history for New York Zen Center Forcontemplative Care showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New York Zen Center Forcontemplative Care's revenue has grown by 532.1%, moving from $314K to $2.0M. Total assets increased by 310.4% over the same period, from $210K to $864K. Total functional expenses rose by 671.6%, from $266K to $2.0M. In its most recent filing year (2023), New York Zen Center Forcontemplative Care reported a deficit of $65K, with expenses exceeding revenue. The organization holds $567K in liabilities against $864K in assets (debt-to-asset ratio: 65.6%), resulting in net assets of $297K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.0M | $864K | $567K | — | — |
| 2022 | $1.9M | $1.6M | $646K | $284K | — | View 990 |
| 2021 | $1.5M | $1.3M | $502K | $278K | — | View 990 |
| 2020 | $1.2M | $1.3M | $528K | $448K | — | View 990 |
| 2019 | $964K | $1.2M | $458K | $304K | — | View 990 |
| 2018 | $662K | $581K | $648K | $269K | — | — |
| 2017 | $1.1M | $1.1M | $669K | $370K | — | View 990 |
| 2016 | $1.2M | $960K | $633K | $322K | — | View 990 |
| 2015 | $856K | $831K | $359K | $337K | — | View 990 |
| 2014 | $860K | $832K | $222K | $225K | — | View 990 |
| 2013 | $695K | $763K | $102K | $133K | — | View 990 |
| 2012 | $507K | $517K | $132K | $95K | — | View 990 |
| 2011 | $376K | $436K | $147K | $99K | — | View 990 |
| 2010 | $314K | $266K | $210K | $103K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.0M, and assets of $864K (revenue +3.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.6M, and assets of $646K (revenue +29.2% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $502K (revenue +20.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $528K (revenue +27.6% year-over-year).
- 2019: Revenue of $964K, expenses of $1.2M, and assets of $458K (revenue +45.7% year-over-year).
- 2018: Revenue of $662K, expenses of $581K, and assets of $648K (revenue -40.3% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $669K (revenue -11.3% year-over-year).
- 2016: Revenue of $1.2M, expenses of $960K, and assets of $633K (revenue +45.8% year-over-year).
- 2015: Revenue of $856K, expenses of $831K, and assets of $359K (revenue -0.5% year-over-year).
- 2014: Revenue of $860K, expenses of $832K, and assets of $222K (revenue +23.8% year-over-year).
- 2013: Revenue of $695K, expenses of $763K, and assets of $102K (revenue +37.2% year-over-year).
- 2012: Revenue of $507K, expenses of $517K, and assets of $132K (revenue +34.9% year-over-year).
- 2011: Revenue of $376K, expenses of $436K, and assets of $147K (revenue +19.6% year-over-year).
- 2010: Revenue of $314K, expenses of $266K, and assets of $210K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Zen Center Forcontemplative Care:
Data Sources and Methodology
This transparency report for New York Zen Center Forcontemplative Care 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.