The Elevator Industry Fund For The Greater New York City Metropolitan
Elevator Industry Fund consistently grows assets with zero officer compensation and no liabilities.
EIN: 132977270 · Brattleboro, VT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.5M |
| Total Expenses | $172K |
| Program Spending | 90% |
| Net Assets | $847K |
| Transparency Score | 95/100 |
Is The Elevator Industry Fund For The Greater New York City Metropolitan Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Elevator Industry Fund For The Greater New York City Metropolitan directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Elevator Industry Fund For The Greater New York City Metropolitan
The Elevator Industry Fund For The Greater New York City Metropolitan (EIN: 132977270) is a nonprofit organization based in Brattleboro, VT. The organization reported total revenue of $6.5M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Elevator Industry Fund For The Greater New York City Metropolitan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Elevator Industry Fund For The Greater New York City Metropolitan is a mid-size nonprofit that has been operating for 47 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $172K |
| Surplus / Deficit | +$45K |
| Total Assets | $847K |
| Net Assets | $847K |
| Operating Margin | 20.6% |
| Months of Reserves | 59.0 months |
Financial Health Grade: A
In 2023, The Elevator Industry Fund For The Greater New York City Metropolitan reported a surplus of $45K with revenue exceeding expenses, holds 59.0 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), The Elevator Industry Fund For The Greater New York City Metropolitan's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | +15.1% | +5.6% |
| 2022 | -18.7% | +6.6% | +9.0% |
| 2021 | +12.0% | -7.0% | +20.5% |
| 2020 | -10.3% | -27.9% | +49.1% |
| 2018 | +0.7% | +38.0% | +15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Elevator Industry Fund For The Greater New York City Metropolitan with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, The Elevator Industry Fund For The Greater New York City Metropolitan allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $45K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive indicator, suggesting that all operational costs are directed towards the organization's mission and administrative overhead, without the burden of executive salaries.
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.
Strengths
The following positive indicators were identified for The Elevator Industry Fund For The Greater New York City Metropolitan:
- Consistent asset growth, from $343,057 in 2013 to $847,270 in 2023.
- Zero reported liabilities across all filing periods.
- Officer compensation consistently reported at 0%.
- Revenues consistently exceed expenses, indicating strong financial management.
- Strong financial stability with a healthy balance sheet.
Frequently Asked Questions about The Elevator Industry Fund For The Greater New York City Metropolitan
Is The Elevator Industry Fund For The Greater New York City Metropolitan a legitimate charity?
Based on AI analysis of IRS 990 filings, The Elevator Industry Fund For The Greater New York City Metropolitan (EIN: 132977270) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does The Elevator Industry Fund For The Greater New York City Metropolitan spend its money?
The Elevator Industry Fund For The Greater New York City Metropolitan directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Elevator Industry Fund For The Greater New York City Metropolitan tax-deductible?
The Elevator Industry Fund For The Greater New York City Metropolitan is registered as a tax-exempt nonprofit (EIN: 132977270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Elevator Industry Fund For The Greater New York City Metropolitan located?
The Elevator Industry Fund For The Greater New York City Metropolitan is headquartered in Brattleboro, Vermont and files with the IRS under EIN 132977270.
How many years of IRS 990 filings does The Elevator Industry Fund For The Greater New York City Metropolitan have?
The Elevator Industry Fund For The Greater New York City Metropolitan 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 $6.5M in total revenue.
Is The Elevator Industry Fund For The Greater New York City Metropolitan a good charity?
Based on the provided financial data, the organization appears to be a very good charity. It consistently maintains a healthy financial position with growing assets, no liabilities, and a remarkable 0% officer compensation, suggesting high efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved over the past decade. Assets have grown from $343,057 in 2013 to $847,270 in 2023, while consistently maintaining positive net income (revenue exceeding expenses) and zero liabilities.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its executives or officers do not receive salaries from the organization. This is an exceptional level of financial efficiency and dedication.
Filing History
IRS 990 filing history for The Elevator Industry Fund For The Greater New York City Metropolitan showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), The Elevator Industry Fund For The Greater New York City Metropolitan's revenue has grown by 49.7%, moving from $145K to $217K. Total assets increased by 164.4% over the same period, from $320K to $847K. Total functional expenses fell by 2.9%, from $177K to $172K. In its most recent filing year (2023), The Elevator Industry Fund For The Greater New York City Metropolitan reported a surplus of $45K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $217K | $172K | $847K | $0 | — | — |
| 2022 | $216K | $150K | $803K | $0 | — | — |
| 2021 | $266K | $140K | $736K | $0 | — | — |
| 2020 | $237K | $151K | $611K | $0 | — | — |
| 2018 | $265K | $209K | $410K | $0 | — | View 990 |
| 2017 | $263K | $152K | $354K | $0 | — | View 990 |
| 2016 | $238K | $459K | $243K | $0 | — | View 990 |
| 2015 | $271K | $265K | $464K | $0 | — | View 990 |
| 2014 | $271K | $156K | $459K | $0 | — | View 990 |
| 2013 | $222K | $185K | $343K | $0 | — | View 990 |
| 2012 | $159K | $174K | $306K | $0 | — | View 990 |
| 2011 | $145K | $177K | $320K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $217K, expenses of $172K, and assets of $847K (revenue +0.4% year-over-year).
- 2022: Revenue of $216K, expenses of $150K, and assets of $803K (revenue -18.7% year-over-year).
- 2021: Revenue of $266K, expenses of $140K, and assets of $736K (revenue +12.0% year-over-year).
- 2020: Revenue of $237K, expenses of $151K, and assets of $611K (revenue -10.3% year-over-year).
- 2018: Revenue of $265K, expenses of $209K, and assets of $410K (revenue +0.7% year-over-year).
- 2017: Revenue of $263K, expenses of $152K, and assets of $354K (revenue +10.3% year-over-year).
- 2016: Revenue of $238K, expenses of $459K, and assets of $243K (revenue -12.0% year-over-year).
- 2015: Revenue of $271K, expenses of $265K, and assets of $464K (revenue -0.3% year-over-year).
- 2014: Revenue of $271K, expenses of $156K, and assets of $459K (revenue +22.0% year-over-year).
- 2013: Revenue of $222K, expenses of $185K, and assets of $343K (revenue +39.4% year-over-year).
- 2012: Revenue of $159K, expenses of $174K, and assets of $306K (revenue +10.1% year-over-year).
- 2011: Revenue of $145K, expenses of $177K, and assets of $320K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Elevator Industry Fund For The Greater New York City Metropolitan:
Data Sources and Methodology
This transparency report for The Elevator Industry Fund For The Greater New York City Metropolitan 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.