Springbrook Ny Inc
Springbrook Ny Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 150539129 · Oneonta, NY · NTEE: P73Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $92.4M |
| Total Expenses | $83.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $88M |
| Net Assets | $38.9M |
| Transparency Score | 85/100 |
Is Springbrook Ny Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Springbrook Ny Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Springbrook Ny Inc
Springbrook Ny Inc (EIN: 150539129) is a nonprofit organization based in Oneonta, NY, classified under NTEE code P73Z. The organization reported total revenue of $92.4M and total assets of $64.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Springbrook Ny Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Springbrook Ny Inc is a major nonprofit that has been operating for 85 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $88.3M |
| Total Expenses | $83.9M |
| Surplus / Deficit | +$4.4M |
| Total Assets | $70.9M |
| Total Liabilities | $31.9M |
| Net Assets | $38.9M |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 45.1% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, Springbrook Ny Inc reported a surplus of $4.4M with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 45.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Springbrook Ny Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +10.5% | +0.5% |
| 2022 | +19.6% | +16.7% | +5.6% |
| 2021 | -3.3% | -5.9% | +20.6% |
| 2020 | +15.2% | +12.5% | +4.2% |
| 2019 | +1.9% | +5.5% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2790 |
| 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 Springbrook Ny Inc with a Mission Score of 85 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, Springbrook Ny 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 $4.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.1%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization of Springbrook Ny Inc's size ($88M+ revenue), suggesting either a volunteer executive board or compensation structured in a way not captured under 'officer compensation' on the 990.
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 Springbrook Ny Inc's IRS 990 filings:
- No reported officer compensation for an organization with over $88 million in revenue, which is atypical and warrants further investigation into executive compensation practices.
Strengths
The following positive indicators were identified for Springbrook Ny Inc:
- Consistent revenue growth, increasing from $45.5M in 201406 to $88.3M in 202306, indicating strong financial health.
- Positive net assets, with assets consistently exceeding liabilities, growing from $6.9M in 201406 to $38.9M in 202306.
- Regular and extensive IRS 990 filing history (13 filings), demonstrating a commitment to transparency.
- Operating with a surplus in most recent years (e.g., $4.4M surplus in 202306), contributing to financial stability and growth.
Frequently Asked Questions about Springbrook Ny Inc
Is Springbrook Ny Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Springbrook Ny Inc (EIN: 150539129) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Springbrook Ny Inc spend its money?
Springbrook Ny Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Springbrook Ny Inc tax-deductible?
Springbrook Ny Inc is registered as a tax-exempt nonprofit (EIN: 150539129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Springbrook Ny Inc CEO make?
Springbrook Ny Inc's highest-compensated officer earns $88M annually. The organization reported $92.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Springbrook Ny Inc's spending goes to programs?
Springbrook Ny Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Springbrook Ny Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Springbrook Ny Inc is above average for NTEE category P73Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Springbrook Ny Inc located?
Springbrook Ny Inc is headquartered in Oneonta, New York and files with the IRS under EIN 150539129. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does Springbrook Ny Inc have?
Springbrook Ny 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 $92.4M in total revenue.
How does Springbrook Ny Inc compensate its executive leadership if no officer compensation is reported?
The IRS 990 filings consistently show 0% officer compensation. This could mean executives are volunteers, compensated through a related entity, or their compensation is categorized differently within the filing, requiring a deeper dive into the full 990 form for clarity.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not include a detailed functional expense breakdown. To assess spending efficiency accurately, one would need to review Part IX of the full IRS Form 990 for specific percentages allocated to programs, administration, and fundraising.
What is the primary source of Springbrook Ny Inc's revenue?
While the total revenue is provided, the specific sources (e.g., government grants, program service fees, contributions) are not detailed in this summary. This information would be available in Part VIII of the full IRS Form 990.
Filing History
IRS 990 filing history for Springbrook Ny Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Springbrook Ny Inc's revenue has grown by 172.5%, moving from $32.4M to $88.3M. Total assets increased by 154.2% over the same period, from $27.9M to $70.9M. Total functional expenses rose by 165.5%, from $31.6M to $83.9M. In its most recent filing year (2023), Springbrook Ny Inc reported a surplus of $4.4M, with revenue exceeding expenses. The organization holds $31.9M in liabilities against $70.9M in assets (debt-to-asset ratio: 45.1%), resulting in net assets of $38.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $88.3M | $83.9M | $70.9M | $31.9M | — | View 990 |
| 2022 | $83.0M | $75.9M | $70.5M | $37.2M | — | View 990 |
| 2021 | $69.4M | $65.0M | $66.8M | $45.2M | — | View 990 |
| 2020 | $71.7M | $69.1M | $55.4M | $39.9M | — | View 990 |
| 2019 | $62.3M | $61.4M | $53.2M | $38.1M | — | View 990 |
| 2018 | $61.2M | $58.2M | $52.9M | $37.2M | — | View 990 |
| 2017 | $56.5M | $53.4M | $49.4M | $38.0M | — | View 990 |
| 2016 | $54.5M | $52.6M | $44.6M | $38.0M | — | View 990 |
| 2015 | $49.4M | $49.4M | $44.7M | $38.3M | — | View 990 |
| 2014 | $45.5M | $46.1M | $48.6M | $41.7M | — | View 990 |
| 2013 | $39.7M | $39.3M | $46.2M | $38.5M | — | View 990 |
| 2012 | $33.5M | $33.0M | $39.5M | $34.4M | — | View 990 |
| 2011 | $32.4M | $31.6M | $27.9M | $22.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $88.3M, expenses of $83.9M, and assets of $70.9M (revenue +6.4% year-over-year).
- 2022: Revenue of $83.0M, expenses of $75.9M, and assets of $70.5M (revenue +19.6% year-over-year).
- 2021: Revenue of $69.4M, expenses of $65.0M, and assets of $66.8M (revenue -3.3% year-over-year).
- 2020: Revenue of $71.7M, expenses of $69.1M, and assets of $55.4M (revenue +15.2% year-over-year).
- 2019: Revenue of $62.3M, expenses of $61.4M, and assets of $53.2M (revenue +1.9% year-over-year).
- 2018: Revenue of $61.2M, expenses of $58.2M, and assets of $52.9M (revenue +8.3% year-over-year).
- 2017: Revenue of $56.5M, expenses of $53.4M, and assets of $49.4M (revenue +3.6% year-over-year).
- 2016: Revenue of $54.5M, expenses of $52.6M, and assets of $44.6M (revenue +10.3% year-over-year).
- 2015: Revenue of $49.4M, expenses of $49.4M, and assets of $44.7M (revenue +8.6% year-over-year).
- 2014: Revenue of $45.5M, expenses of $46.1M, and assets of $48.6M (revenue +14.6% year-over-year).
- 2013: Revenue of $39.7M, expenses of $39.3M, and assets of $46.2M (revenue +18.6% year-over-year).
- 2012: Revenue of $33.5M, expenses of $33.0M, and assets of $39.5M (revenue +3.4% year-over-year).
- 2011: Revenue of $32.4M, expenses of $31.6M, and assets of $27.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Springbrook Ny Inc:
Data Sources and Methodology
This transparency report for Springbrook Ny 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.