Princeton Club Of New York
Princeton Club Of New York faces severe financial distress with declining revenue, increasing liabilities, and consistent operating deficits.
EIN: 131184700 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $8.2M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $-21,255,842 |
| Transparency Score | 30/100 |
Is Princeton Club Of New York Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Princeton Club Of New York directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Princeton Club Of New York
Princeton Club Of New York (EIN: 131184700) is a nonprofit organization based in New York, NY. The organization reported total revenue of $6.0M and total assets of $28.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Princeton Club Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Princeton Club Of New York is a mid-size nonprofit that has been operating for 85 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $8.2M |
| Surplus / Deficit | $-2,193,225 |
| Total Assets | $28.1M |
| Total Liabilities | $49.4M |
| Net Assets | $-21,255,842 |
| Operating Margin | -36.8% |
| Debt-to-Asset Ratio | 175.6% |
| Months of Reserves | 41.4 months |
Financial Health Grade: C
In 2021, Princeton Club Of New York reported a deficit of $2.2M with expenses exceeding revenue, holds 41.4 months of operating reserves (strong position), has a debt-to-asset ratio of 175.6% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Princeton Club Of New York's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -48.1% | -45.1% | -7.2% |
| 2020 | -14.1% | -10.4% | +7.0% |
| 2019 | -5.8% | +1.2% | -9.3% |
| 2018 | -12.0% | -2.0% | -2.1% |
| 2017 | +6.7% | +0.4% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
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 Princeton Club Of New York with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Princeton Club Of New York allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 175.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual expenses ranging from $8 million to $16 million, suggesting either a fully volunteer executive team or that compensation is reported under different categories.
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 Princeton Club Of New York's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in every reported year, indicating unsustainable financial practices.
- Significant decline in revenue: Revenue dropped from $16,129,976 in 2017 to $5,957,603 in 2021, a 63% decrease.
- Liabilities significantly exceed assets: In 2021, liabilities ($49,356,926) were nearly double the assets ($28,101,084), indicating severe solvency issues.
- Unusual zero officer compensation: Reporting 0% officer compensation for an organization with multi-million dollar expenses over a decade raises questions about transparency or reporting accuracy.
- Deteriorating financial position: Assets have decreased from $43,351,688 in 2012 to $28,101,084 in 2021, while liabilities have increased from $38,847,332 to $49,356,926 in the same period.
Strengths
The following positive indicators were identified for Princeton Club Of New York:
- Consistent filing history: The organization has consistently filed its IRS 990 forms over the past decade, indicating a commitment to regulatory compliance.
Frequently Asked Questions about Princeton Club Of New York
Is Princeton Club Of New York a legitimate charity?
Based on AI analysis of IRS 990 filings, Princeton Club Of New York (EIN: 131184700) significant concerns. Mission Score: 30/100. 5 red flags identified, 1 strength noted.
How does Princeton Club Of New York spend its money?
Princeton Club Of New York directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Princeton Club Of New York tax-deductible?
Princeton Club Of New York is registered as a tax-exempt nonprofit (EIN: 131184700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Princeton Club Of New York CEO make?
Princeton Club Of New York's highest-compensated officer earns $8 annually. The organization reported $6.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Princeton Club Of New York's spending goes to programs?
Princeton Club Of New York directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Princeton Club Of New York located?
Princeton Club Of New York is headquartered in New York, New York and files with the IRS under EIN 131184700.
How many years of IRS 990 filings does Princeton Club Of New York have?
Princeton Club Of New York has 11 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 $6.0M in total revenue.
What is the reason for the consistent decline in revenue since 2017?
The provided data shows a steady decline in revenue from $16,129,976 in 2017 to $5,957,603 in 2021, a drop of over 60%.
How does the organization manage to operate with liabilities significantly exceeding assets?
In 2021, liabilities were $49,356,926 while assets were $28,101,084, indicating a negative net asset position of over $21 million.
Why is officer compensation consistently reported as 0%?
All 11 filings from 2012 to 2021 show 0% officer compensation, which is atypical for an organization with multi-million dollar expenses.
What is the plan to address the consistent operating deficits?
The organization has reported expenses exceeding revenue in every single filing period, for example, $8,150,828 in expenses versus $5,957,603 in revenue in 2021.
What are the specific categories of expenses that constitute the majority of the organization's spending?
The provided data only gives total expenses, making it difficult to analyze the efficiency of program, administrative, and fundraising spending without a detailed breakdown.
Filing History
IRS 990 filing history for Princeton Club Of New York showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Princeton Club Of New York's revenue has declined by 55.5%, moving from $13.4M to $6.0M. Total assets decreased by 39.5% over the same period, from $46.4M to $28.1M. Total functional expenses fell by 50.3%, from $16.4M to $8.2M. In its most recent filing year (2021), Princeton Club Of New York reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $49.4M in liabilities against $28.1M in assets (debt-to-asset ratio: 175.6%), resulting in net assets of $-21,255,842.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $6.0M | $8.2M | $28.1M | $49.4M | — | — |
| 2020 | $11.5M | $14.9M | $30.3M | $49.4M | — | — |
| 2019 | $13.4M | $16.6M | $28.3M | $40.7M | — | View 990 |
| 2018 | $14.2M | $16.4M | $31.2M | $37.7M | — | View 990 |
| 2017 | $16.1M | $16.7M | $31.9M | $34.8M | — | View 990 |
| 2016 | $15.1M | $16.7M | $33.6M | $35.9M | — | View 990 |
| 2015 | $15.0M | $16.7M | $36.2M | $36.8M | — | View 990 |
| 2014 | $14.1M | $16.6M | $38.0M | $36.8M | — | View 990 |
| 2013 | $12.4M | $13.9M | $41.4M | $38.1M | — | View 990 |
| 2012 | $14.4M | $16.7M | $43.4M | $38.8M | — | View 990 |
| 2011 | $13.4M | $16.4M | $46.4M | $39.9M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $6.0M, expenses of $8.2M, and assets of $28.1M (revenue -48.1% year-over-year).
- 2020: Revenue of $11.5M, expenses of $14.9M, and assets of $30.3M (revenue -14.1% year-over-year).
- 2019: Revenue of $13.4M, expenses of $16.6M, and assets of $28.3M (revenue -5.8% year-over-year).
- 2018: Revenue of $14.2M, expenses of $16.4M, and assets of $31.2M (revenue -12.0% year-over-year).
- 2017: Revenue of $16.1M, expenses of $16.7M, and assets of $31.9M (revenue +6.7% year-over-year).
- 2016: Revenue of $15.1M, expenses of $16.7M, and assets of $33.6M (revenue +0.9% year-over-year).
- 2015: Revenue of $15.0M, expenses of $16.7M, and assets of $36.2M (revenue +5.9% year-over-year).
- 2014: Revenue of $14.1M, expenses of $16.6M, and assets of $38.0M (revenue +14.1% year-over-year).
- 2013: Revenue of $12.4M, expenses of $13.9M, and assets of $41.4M (revenue -13.7% year-over-year).
- 2012: Revenue of $14.4M, expenses of $16.7M, and assets of $43.4M (revenue +7.2% year-over-year).
- 2011: Revenue of $13.4M, expenses of $16.4M, and assets of $46.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Princeton Club Of New York:
Data Sources and Methodology
This transparency report for Princeton Club Of New York 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.