Philanthropy New York Inc
Philanthropy New York Inc. reports consistent assets but a recent operating deficit, with no officer compensation disclosed.
EIN: 133001403 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.7M |
| Total Expenses | $5.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $8.1M |
| Transparency Score | 75/100 |
Is Philanthropy New York Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Philanthropy New York Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Philanthropy New York Inc
Philanthropy New York Inc (EIN: 133001403) is a nonprofit organization based in New York, NY. The organization reported total revenue of $9.7M and total assets of $13.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Philanthropy New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Philanthropy New York Inc is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-735,475 |
| Total Assets | $10.8M |
| Total Liabilities | $2.7M |
| Net Assets | $8.1M |
| Operating Margin | -16.2% |
| Debt-to-Asset Ratio | 25.2% |
| Months of Reserves | 24.5 months |
Financial Health Grade: B
In 2023, Philanthropy New York Inc reported a deficit of $735K with expenses exceeding revenue, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 25.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Philanthropy New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.7% | +31.3% | -7.2% |
| 2022 | +1.0% | +30.5% | +10.7% |
| 2021 | +28.2% | -12.5% | +14.2% |
| 2020 | -23.5% | -24.0% | -0.8% |
| 2019 | -22.1% | -8.4% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1980 |
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 Philanthropy New York Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Philanthropy New York 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 deficit of $735K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual expenses exceeding $4 million. This suggests either a volunteer-led executive structure or that executive compensation is categorized differently within other expense lines, warranting further investigation for complete 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 Philanthropy New York Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may obscure true leadership costs.
- Operating deficit in the most recent filing (2023), with expenses exceeding revenue by $735,475.
Strengths
The following positive indicators were identified for Philanthropy New York Inc:
- Strong asset base, consistently exceeding $9 million over the last decade, indicating financial stability.
- Healthy net asset position, with assets significantly outweighing liabilities ($10,776,864 assets vs. $2,714,432 liabilities in 2023).
- Long history of IRS 990 filings (13 filings), demonstrating consistent reporting.
Frequently Asked Questions about Philanthropy New York Inc
Is Philanthropy New York Inc a legitimate charity?
Philanthropy New York Inc (EIN: 133001403) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.7M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Philanthropy New York Inc spend its money?
Philanthropy New York Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Philanthropy New York Inc tax-deductible?
Philanthropy New York Inc is registered as a tax-exempt nonprofit (EIN: 133001403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Philanthropy New York Inc CEO make?
Philanthropy New York Inc's highest-compensated officer earns $4 annually. The organization reported $9.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Philanthropy New York Inc's spending goes to programs?
Philanthropy New York Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Philanthropy New York Inc located?
Philanthropy New York Inc is headquartered in New York, New York and files with the IRS under EIN 133001403.
How many years of IRS 990 filings does Philanthropy New York Inc have?
Philanthropy New York 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 $9.7M in total revenue.
How does Philanthropy New York Inc. sustain its operations without reporting officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that leadership roles may be entirely volunteer-based, or that compensation for key personnel is categorized under other expense lines, which could obscure the true cost of executive management.
What caused the significant operating deficit in 2023?
In 2023, expenses ($5,272,703) exceeded revenue ($4,537,228) by $735,475. This deficit could be due to increased program activities, one-time investments, or a temporary dip in funding. Further analysis of the detailed expense categories would be needed to understand the specific drivers.
Is the organization's asset base sufficient to cover potential future deficits?
With assets of $10,776,864 and liabilities of $2,714,432 in 2023, the organization has a strong net asset position of over $8 million. This provides a substantial buffer to absorb operating deficits like the one seen in 2023, indicating financial resilience.
Filing History
IRS 990 filing history for Philanthropy New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Philanthropy New York Inc's revenue has grown by 114.3%, moving from $2.1M to $4.5M. Total assets increased by 335.6% over the same period, from $2.5M to $10.8M. Total functional expenses rose by 160.2%, from $2.0M to $5.3M. In its most recent filing year (2023), Philanthropy New York Inc reported a deficit of $735K, with expenses exceeding revenue. The organization holds $2.7M in liabilities against $10.8M in assets (debt-to-asset ratio: 25.2%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $5.3M | $10.8M | $2.7M | — | View 990 |
| 2022 | $4.1M | $4.0M | $11.6M | $3.2M | — | — |
| 2021 | $4.1M | $3.1M | $10.5M | $1.4M | — | View 990 |
| 2020 | $3.2M | $3.5M | $9.2M | $1.3M | — | View 990 |
| 2019 | $4.1M | $4.6M | $9.3M | $1.3M | — | View 990 |
| 2018 | $5.3M | $5.1M | $9.4M | $1.5M | — | View 990 |
| 2017 | $4.4M | $4.7M | $9.6M | $1.6M | — | View 990 |
| 2016 | $3.7M | $4.7M | $9.7M | $1.8M | — | View 990 |
| 2015 | $6.9M | $4.7M | $10.9M | $1.9M | — | View 990 |
| 2014 | $8.3M | $5.6M | $7.3M | $446K | — | View 990 |
| 2013 | $4.8M | $3.7M | $4.5M | $231K | — | View 990 |
| 2012 | $4.5M | $3.8M | $3.3M | $287K | — | View 990 |
| 2011 | $2.1M | $2.0M | $2.5M | $221K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $5.3M, and assets of $10.8M (revenue +10.7% year-over-year).
- 2022: Revenue of $4.1M, expenses of $4.0M, and assets of $11.6M (revenue +1.0% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.1M, and assets of $10.5M (revenue +28.2% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.5M, and assets of $9.2M (revenue -23.5% year-over-year).
- 2019: Revenue of $4.1M, expenses of $4.6M, and assets of $9.3M (revenue -22.1% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.1M, and assets of $9.4M (revenue +20.8% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.7M, and assets of $9.6M (revenue +18.8% year-over-year).
- 2016: Revenue of $3.7M, expenses of $4.7M, and assets of $9.7M (revenue -46.2% year-over-year).
- 2015: Revenue of $6.9M, expenses of $4.7M, and assets of $10.9M (revenue -16.9% year-over-year).
- 2014: Revenue of $8.3M, expenses of $5.6M, and assets of $7.3M (revenue +71.0% year-over-year).
- 2013: Revenue of $4.8M, expenses of $3.7M, and assets of $4.5M (revenue +6.7% year-over-year).
- 2012: Revenue of $4.5M, expenses of $3.8M, and assets of $3.3M (revenue +114.6% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.0M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Philanthropy New York Inc:
Data Sources and Methodology
This transparency report for Philanthropy New York 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.