Seneca Towers Inc
Seneca Towers Inc. maintains stable operations with no reported officer compensation, despite a decade-long decline in assets.
EIN: 160926430 · Rochester, NY · NTEE: L220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $3.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $-736,112 |
| Transparency Score | 80/100 |
Is Seneca Towers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Seneca Towers Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Seneca Towers Inc
Seneca Towers Inc (EIN: 160926430) is a nonprofit organization based in Rochester, NY, classified under NTEE code L220. The organization reported total revenue of $3.9M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seneca Towers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Seneca Towers Inc is a mid-size nonprofit that has been operating for 57 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$165K |
| Total Assets | $6.9M |
| Total Liabilities | $7.7M |
| Net Assets | $-736,112 |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 110.6% |
| Months of Reserves | 25.9 months |
Financial Health Grade: A
In 2023, Seneca Towers Inc reported a surplus of $165K with revenue exceeding expenses, holds 25.9 months of operating reserves (strong position), has a debt-to-asset ratio of 110.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Seneca Towers Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.6% | +11.2% | -5.4% |
| 2022 | +3.3% | -3.4% | +3.3% |
| 2021 | -1.9% | -5.5% | -6.5% |
| 2020 | -0.1% | +4.0% | -4.2% |
| 2019 | +0.7% | +4.4% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
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 Seneca Towers Inc with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Seneca Towers 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 surplus of $165K, with revenue exceeding expenses.
- Debt-to-asset ratio: 110.6%.
Executive Compensation Analysis
Seneca Towers Inc. consistently reports 0% officer compensation across all available filings, indicating either a volunteer-led executive team or that executive salaries are not categorized as officer compensation on their 990s. This suggests a strong commitment to directing resources towards the organization's mission, especially for an organization with annual revenues exceeding $3 million.
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 Seneca Towers Inc's IRS 990 filings:
- Long-term decline in assets without clear explanation in available data
- Liabilities consistently exceed assets in most reported periods (e.g., 202303: Assets=$6,940,989, Liabilities=$7,677,101), indicating potential solvency concerns if not for specific asset types like restricted endowments or property.
Strengths
The following positive indicators were identified for Seneca Towers Inc:
- Consistent positive net income in recent years (e.g., 202303: Revenue $3,381,949 vs. Expenses $3,216,696).
- Zero reported officer compensation across all filings, indicating efficient use of funds for mission.
- Stable revenue generation over the past decade, consistently around $2.8M-$3.8M annually.
- Extensive filing history (12 filings) demonstrates consistent compliance and transparency.
Frequently Asked Questions about Seneca Towers Inc
Is Seneca Towers Inc a legitimate charity?
Seneca Towers Inc (EIN: 160926430) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 12 years of IRS 990 filings on record. Total revenue: $3.9M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Seneca Towers Inc spend its money?
Seneca Towers Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Seneca Towers Inc tax-deductible?
Seneca Towers Inc is registered as a tax-exempt nonprofit (EIN: 160926430). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Seneca Towers Inc CEO make?
Seneca Towers Inc's highest-compensated officer earns $3 annually. The organization reported $3.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Seneca Towers Inc's spending goes to programs?
Seneca Towers Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Seneca Towers Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Seneca Towers Inc is above average for NTEE category L220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Seneca Towers Inc located?
Seneca Towers Inc is headquartered in Rochester, New York and files with the IRS under EIN 160926430. It is classified under NTEE code L220.
How many years of IRS 990 filings does Seneca Towers Inc have?
Seneca Towers Inc has 12 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 $3.9M in total revenue.
Is Seneca Towers Inc. financially stable?
Yes, Seneca Towers Inc. appears financially stable. In the 202303 period, revenue ($3,381,949) exceeded expenses ($3,216,696), and this trend of positive net income is observed in most recent years. While assets have declined over the long term, liabilities have also decreased, suggesting a managed financial position.
How does Seneca Towers Inc. manage executive compensation?
Seneca Towers Inc. consistently reports 0% officer compensation in all available IRS 990 filings. This indicates that no compensation is paid to officers, directors, trustees, or key employees, or it is reported under other categories, which is a notable financial practice for an organization of its size.
What is the trend in Seneca Towers Inc.'s assets and liabilities?
Over the past decade, Seneca Towers Inc.'s assets have gradually decreased from $9,548,837 in 201403 to $6,940,989 in 202303. Concurrently, liabilities have also decreased from $10,344,183 to $7,677,101 over the same period, suggesting a reduction in overall financial obligations.
Filing History
IRS 990 filing history for Seneca Towers Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Seneca Towers Inc's revenue has grown by 19.3%, moving from $2.8M to $3.4M. Total assets decreased by 31.8% over the same period, from $10.2M to $6.9M. Total functional expenses rose by 15.2%, from $2.8M to $3.2M. In its most recent filing year (2023), Seneca Towers Inc reported a surplus of $165K, with revenue exceeding expenses. The organization holds $7.7M in liabilities against $6.9M in assets (debt-to-asset ratio: 110.6%), resulting in net assets of $-736,112.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.2M | $6.9M | $7.7M | — | View 990 |
| 2022 | $3.0M | $2.9M | $7.3M | $8.2M | — | View 990 |
| 2021 | $2.9M | $3.0M | $7.1M | $8.1M | — | View 990 |
| 2020 | $3.0M | $3.2M | $7.6M | $8.6M | — | View 990 |
| 2019 | $3.0M | $3.0M | $7.9M | $8.7M | — | View 990 |
| 2018 | $3.0M | $2.9M | $8.4M | $9.2M | — | View 990 |
| 2017 | $2.9M | $2.9M | $8.7M | $9.5M | — | View 990 |
| 2016 | $2.9M | $2.9M | $9.0M | $9.8M | — | View 990 |
| 2015 | $2.9M | $2.9M | $9.2M | $10.1M | — | View 990 |
| 2014 | $2.8M | $2.9M | $9.5M | $10.3M | — | View 990 |
| 2013 | $2.8M | $2.8M | $9.9M | $10.6M | — | View 990 |
| 2012 | $2.8M | $2.8M | $10.2M | $10.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.2M, and assets of $6.9M (revenue +11.6% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.9M, and assets of $7.3M (revenue +3.3% year-over-year).
- 2021: Revenue of $2.9M, expenses of $3.0M, and assets of $7.1M (revenue -1.9% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.2M, and assets of $7.6M (revenue -0.1% year-over-year).
- 2019: Revenue of $3.0M, expenses of $3.0M, and assets of $7.9M (revenue +0.7% year-over-year).
- 2018: Revenue of $3.0M, expenses of $2.9M, and assets of $8.4M (revenue +1.0% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.9M, and assets of $8.7M (revenue +1.3% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.9M, and assets of $9.0M (revenue +1.6% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.9M, and assets of $9.2M (revenue +2.6% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.9M, and assets of $9.5M (revenue +0.4% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.8M, and assets of $9.9M (revenue -2.0% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.8M, and assets of $10.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Seneca Towers Inc:
Data Sources and Methodology
This transparency report for Seneca Towers 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.