The Cornell Center Of New York Inc
Cornell Center Of New York Inc consistently spends more than it earns, drawing down assets.
EIN: 161301416 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.8M |
| Total Expenses | $11.1M |
| Program Spending | 75% |
| Net Assets | $9.3M |
| Transparency Score | 65/100 |
Is The Cornell Center Of 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 →
The Cornell Center Of New York Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Cornell Center Of New York Inc
The Cornell Center Of New York Inc (EIN: 161301416) is a nonprofit organization based in New York, NY. The organization reported total revenue of $13.8M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Cornell Center Of New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Cornell Center Of New York Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.5M |
| Total Expenses | $11.1M |
| Surplus / Deficit | +$339K |
| Total Assets | $12.5M |
| Total Liabilities | $3.2M |
| Net Assets | $9.3M |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 25.8% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2024, The Cornell Center Of New York Inc reported a surplus of $339K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 25.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), The Cornell Center Of New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +17.7% | +11.0% | +2.7% |
| 2023 | +29.8% | +25.0% | -2.6% |
| 2022 | +93.0% | +32.9% | -1.8% |
| 2021 | -56.2% | -40.5% | -11.1% |
| 2020 | -21.9% | -14.4% | -7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 The Cornell Center Of New York Inc with a Mission Score of 65 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Cornell Center Of New York Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $339K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that compensation is categorized differently, which enhances transparency regarding direct executive pay.
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 The Cornell Center Of New York Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent years, e.g., $10,028,991 expenses vs. $9,745,270 revenue in 2023.
- Declining asset base from $16,489,989 in 2015 to $12,473,890 in 2024, indicating reliance on reserves.
- Increasing liabilities from $1,392,328 in 2015 to $3,219,914 in 2024, potentially signaling increased financial obligations.
Strengths
The following positive indicators were identified for The Cornell Center Of New York Inc:
- Consistent reporting of 0% officer compensation, indicating transparency in executive pay or a volunteer-led executive team.
- Significant asset base of $12,473,890 in 2024, providing a buffer despite recent declines.
Frequently Asked Questions about The Cornell Center Of New York Inc
Is The Cornell Center Of New York Inc a legitimate charity?
The Cornell Center Of New York Inc (EIN: 161301416) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.8M. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does The Cornell Center Of New York Inc spend its money?
The Cornell Center Of New York Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to The Cornell Center Of New York Inc tax-deductible?
The Cornell Center Of New York Inc is registered as a tax-exempt nonprofit (EIN: 161301416). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Cornell Center Of New York Inc's spending goes to programs?
The Cornell Center Of New York Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Cornell Center Of New York Inc located?
The Cornell Center Of New York Inc is headquartered in New York, New York and files with the IRS under EIN 161301416.
How many years of IRS 990 filings does The Cornell Center Of New York Inc have?
The Cornell Center Of 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 $13.8M in total revenue.
Is The Cornell Center Of New York Inc financially sustainable given its consistent deficit spending?
The organization has consistently reported expenses exceeding revenue in most recent years (e.g., $10,028,991 expenses vs. $9,745,270 revenue in 2023), leading to a decline in assets from $16,489,989 in 2015 to $12,473,890 in 2024. This trend raises concerns about long-term financial sustainability if not reversed.
How does the organization cover its operational deficits?
The consistent deficits suggest the organization is likely drawing upon its accumulated assets to cover operational expenses, as evidenced by the decline in total assets over the past decade.
What is the reason for 0% officer compensation reported across all filings?
The consistent reporting of 0% officer compensation could indicate that the organization's executive leadership is entirely volunteer-based, or that compensation for key employees is reported under other expense categories, which would require further investigation for full transparency.
What is the breakdown of program, administrative, and fundraising expenses?
Without a detailed functional expense breakdown from the IRS 990 filings, it is not possible to provide exact percentages for program, administrative, and fundraising spending. This information is crucial for assessing spending efficiency.
Why have liabilities increased over time?
Liabilities have generally increased from $1,392,328 in 2015 to $3,219,914 in 2024. This increase could be due to various factors such as new debt, deferred revenue, or increased accounts payable, and warrants further examination.
Filing History
IRS 990 filing history for The Cornell Center Of New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), The Cornell Center Of New York Inc's revenue has grown by 33.9%, moving from $8.6M to $11.5M. Total assets decreased by 19.2% over the same period, from $15.4M to $12.5M. Total functional expenses rose by 34.8%, from $8.3M to $11.1M. In its most recent filing year (2024), The Cornell Center Of New York Inc reported a surplus of $339K, with revenue exceeding expenses. The organization holds $3.2M in liabilities against $12.5M in assets (debt-to-asset ratio: 25.8%), resulting in net assets of $9.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $11.5M | $11.1M | $12.5M | $3.2M | — | View 990 |
| 2023 | $9.7M | $10.0M | $12.1M | $3.2M | — | View 990 |
| 2022 | $7.5M | $8.0M | $12.5M | $3.3M | — | View 990 |
| 2021 | $3.9M | $6.0M | $12.7M | $3.0M | — | — |
| 2020 | $8.9M | $10.2M | $14.3M | $2.4M | — | — |
| 2019 | $11.4M | $11.9M | $15.5M | $2.3M | — | View 990 |
| 2018 | $11.3M | $11.7M | $15.9M | $2.3M | — | View 990 |
| 2017 | $11.1M | $11.6M | $16.1M | $2.0M | — | View 990 |
| 2016 | $9.2M | $9.7M | $16.1M | $1.5M | — | View 990 |
| 2015 | $9.5M | $9.4M | $16.5M | $1.4M | — | View 990 |
| 2014 | $9.1M | $9.1M | $16.4M | $1.3M | — | View 990 |
| 2013 | $8.7M | $8.4M | $16.3M | $1.3M | — | View 990 |
| 2012 | $8.6M | $8.3M | $15.4M | $662K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $11.5M, expenses of $11.1M, and assets of $12.5M (revenue +17.7% year-over-year).
- 2023: Revenue of $9.7M, expenses of $10.0M, and assets of $12.1M (revenue +29.8% year-over-year).
- 2022: Revenue of $7.5M, expenses of $8.0M, and assets of $12.5M (revenue +93.0% year-over-year).
- 2021: Revenue of $3.9M, expenses of $6.0M, and assets of $12.7M (revenue -56.2% year-over-year).
- 2020: Revenue of $8.9M, expenses of $10.2M, and assets of $14.3M (revenue -21.9% year-over-year).
- 2019: Revenue of $11.4M, expenses of $11.9M, and assets of $15.5M (revenue +0.6% year-over-year).
- 2018: Revenue of $11.3M, expenses of $11.7M, and assets of $15.9M (revenue +1.9% year-over-year).
- 2017: Revenue of $11.1M, expenses of $11.6M, and assets of $16.1M (revenue +20.8% year-over-year).
- 2016: Revenue of $9.2M, expenses of $9.7M, and assets of $16.1M (revenue -3.3% year-over-year).
- 2015: Revenue of $9.5M, expenses of $9.4M, and assets of $16.5M (revenue +3.9% year-over-year).
- 2014: Revenue of $9.1M, expenses of $9.1M, and assets of $16.4M (revenue +5.4% year-over-year).
- 2013: Revenue of $8.7M, expenses of $8.4M, and assets of $16.3M (revenue +1.0% year-over-year).
- 2012: Revenue of $8.6M, expenses of $8.3M, and assets of $15.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Cornell Center Of New York Inc:
Data Sources and Methodology
This transparency report for The Cornell Center Of 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.