Psc Cuny Welfare Fund
Psc Cuny Welfare Fund shows strong asset growth and no reported officer compensation, despite a recent annual deficit.
EIN: 136220695 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $60.1M |
| Total Expenses | $46.9M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $60 |
| Net Assets | $95.6M |
| Transparency Score | 90/100 |
Is Psc Cuny Welfare Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Psc Cuny Welfare Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Psc Cuny Welfare Fund
Psc Cuny Welfare Fund (EIN: 136220695) is a nonprofit organization based in New York, NY. The organization reported total revenue of $60.1M and total assets of $104.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Psc Cuny Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Psc Cuny Welfare Fund is a major nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $43.8M |
| Total Expenses | $46.9M |
| Surplus / Deficit | $-3,102,511 |
| Total Assets | $97.3M |
| Total Liabilities | $1.7M |
| Net Assets | $95.6M |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 24.9 months |
Financial Health Grade: B
In 2023, Psc Cuny Welfare Fund reported a deficit of $3.1M with expenses exceeding revenue, holds 24.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Psc Cuny Welfare Fund's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | +12.3% | -0.3% |
| 2022 | -4.7% | +12.7% | -4.6% |
| 2021 | -4.0% | +1.0% | +14.4% |
| 2020 | +2.8% | -6.5% | +21.1% |
| 2019 | +10.6% | +7.4% | +22.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 Psc Cuny Welfare Fund with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Psc Cuny Welfare Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of this size with over $60 million in latest revenue and $104 million in assets.
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 Psc Cuny Welfare Fund's IRS 990 filings:
- Recent annual deficit (202306: expenses $46.8M > revenue $43.7M)
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Psc Cuny Welfare Fund:
- Strong asset growth (from $27.1M in 2014 to $104.2M currently)
- Consistent revenue generation (averaging $40-50M annually)
- 0% reported officer compensation across all filings, indicating high efficiency
- Low liabilities relative to assets (e.g., $1.7M liabilities vs. $97.3M assets in 202306)
- Consistent IRS 990 filing history, demonstrating transparency
Frequently Asked Questions about Psc Cuny Welfare Fund
Is Psc Cuny Welfare Fund a legitimate charity?
Psc Cuny Welfare Fund (EIN: 136220695) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $60.1M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Psc Cuny Welfare Fund spend its money?
Psc Cuny Welfare Fund directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Psc Cuny Welfare Fund tax-deductible?
Psc Cuny Welfare Fund is registered as a tax-exempt nonprofit (EIN: 136220695). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Psc Cuny Welfare Fund CEO make?
Psc Cuny Welfare Fund's highest-compensated officer earns $60 annually. The organization reported $60.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Psc Cuny Welfare Fund located?
Psc Cuny Welfare Fund is headquartered in New York, New York and files with the IRS under EIN 136220695.
How many years of IRS 990 filings does Psc Cuny Welfare Fund have?
Psc Cuny Welfare Fund 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 $60.1M in total revenue.
Is Psc Cuny Welfare Fund a good charity?
Based on the available financial data, Psc Cuny Welfare Fund appears to be a very good organization from a financial health and efficiency perspective. It has demonstrated strong asset growth, consistent revenue, and notably, reports 0% officer compensation, suggesting a high dedication of funds to its mission.
How has Psc Cuny Welfare Fund's financial health changed over the last decade?
Psc Cuny Welfare Fund's financial health has significantly improved over the last decade, with assets growing from $27.1 million in 2014 to $104.2 million currently. Revenue has remained robust, generally in the $40-50 million range, indicating sustained operational capacity.
What is the significance of 0% officer compensation?
The 0% officer compensation is highly significant as it implies that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, allowing a greater proportion of funds to be directed towards programs and operations.
Filing History
IRS 990 filing history for Psc Cuny Welfare Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Psc Cuny Welfare Fund's revenue has grown by 17.8%, moving from $37.2M to $43.8M. Total assets increased by 199.6% over the same period, from $32.5M to $97.3M. Total functional expenses rose by 4.7%, from $44.8M to $46.9M. In its most recent filing year (2023), Psc Cuny Welfare Fund reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $97.3M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $95.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $43.8M | $46.9M | $97.3M | $1.7M | — | View 990 |
| 2022 | $46.8M | $41.7M | $97.7M | $2.3M | — | View 990 |
| 2021 | $49.1M | $37.0M | $102.4M | $2.4M | — | View 990 |
| 2020 | $51.1M | $36.7M | $89.4M | $2.6M | — | — |
| 2019 | $49.7M | $39.2M | $73.9M | $2.5M | — | View 990 |
| 2018 | $44.9M | $36.5M | $60.3M | $877K | — | View 990 |
| 2017 | $44.6M | $33.5M | $52.7M | $1.0M | — | View 990 |
| 2016 | $41.3M | $32.5M | $41.5M | $888K | — | View 990 |
| 2015 | $43.9M | $39.0M | $32.4M | $753K | — | View 990 |
| 2014 | $52.0M | $48.3M | $27.2M | $426K | — | View 990 |
| 2013 | $48.0M | $44.4M | $23.6M | $539K | — | View 990 |
| 2012 | $36.8M | $49.2M | $20.2M | $733K | — | View 990 |
| 2011 | $37.2M | $44.8M | $32.5M | $539K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $43.8M, expenses of $46.9M, and assets of $97.3M (revenue -6.4% year-over-year).
- 2022: Revenue of $46.8M, expenses of $41.7M, and assets of $97.7M (revenue -4.7% year-over-year).
- 2021: Revenue of $49.1M, expenses of $37.0M, and assets of $102.4M (revenue -4.0% year-over-year).
- 2020: Revenue of $51.1M, expenses of $36.7M, and assets of $89.4M (revenue +2.8% year-over-year).
- 2019: Revenue of $49.7M, expenses of $39.2M, and assets of $73.9M (revenue +10.6% year-over-year).
- 2018: Revenue of $44.9M, expenses of $36.5M, and assets of $60.3M (revenue +0.8% year-over-year).
- 2017: Revenue of $44.6M, expenses of $33.5M, and assets of $52.7M (revenue +8.0% year-over-year).
- 2016: Revenue of $41.3M, expenses of $32.5M, and assets of $41.5M (revenue -6.0% year-over-year).
- 2015: Revenue of $43.9M, expenses of $39.0M, and assets of $32.4M (revenue -15.5% year-over-year).
- 2014: Revenue of $52.0M, expenses of $48.3M, and assets of $27.2M (revenue +8.3% year-over-year).
- 2013: Revenue of $48.0M, expenses of $44.4M, and assets of $23.6M (revenue +30.5% year-over-year).
- 2012: Revenue of $36.8M, expenses of $49.2M, and assets of $20.2M (revenue -1.1% year-over-year).
- 2011: Revenue of $37.2M, expenses of $44.8M, and assets of $32.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Psc Cuny Welfare Fund:
Data Sources and Methodology
This transparency report for Psc Cuny Welfare Fund 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.