The Mayors Fund To Advance New York City
The Mayors Fund To Advance New York City shows fluctuating revenues and expenses, with no reported officer compensation.
EIN: 133783906 · New York, NY · NTEE: S20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.1M |
| Total Expenses | $11.3M |
| Program Spending | 85% |
| Net Assets | $14.2M |
| Transparency Score | 75/100 |
Is The Mayors Fund To Advance New York City Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Mayors Fund To Advance New York City directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Mayors Fund To Advance New York City
The Mayors Fund To Advance New York City (EIN: 133783906) is a nonprofit organization based in New York, NY, classified under NTEE code S20Z. The organization reported total revenue of $11.1M and total assets of $17.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Mayors Fund To Advance New York City's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Mayors Fund To Advance New York City is a large nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.9M |
| Total Expenses | $11.3M |
| Surplus / Deficit | $-465,139 |
| Total Assets | $16.0M |
| Total Liabilities | $1.7M |
| Net Assets | $14.2M |
| Operating Margin | -4.3% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 16.9 months |
Financial Health Grade: B
In 2023, The Mayors Fund To Advance New York City reported a deficit of $465K with expenses exceeding revenue, holds 16.9 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Mayors Fund To Advance New York City's revenue has declined at a compound annual growth rate (CAGR) of -8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.0% | -44.4% | -8.7% |
| 2022 | +4.3% | -26.8% | -38.6% |
| 2021 | -76.1% | -58.0% | -17.0% |
| 2020 | +162.8% | +131.1% | +81.2% |
| 2019 | +39.1% | +42.1% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Mayors Fund To Advance New York City with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Mayors Fund To Advance New York City 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 deficit of $465K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, directors, or trustees, which is highly unusual for an organization of this size and revenue, suggesting either pro-bono leadership or compensation is reported under other expense categories not specified as 'officer compensation'.
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 Mayors Fund To Advance New York City's IRS 990 filings:
- Consistent 0% officer compensation, which is unusual for an organization of this scale and may indicate compensation is reported under other categories, potentially obscuring true executive costs.
- Significant year-to-year fluctuations in revenue and expenses, making long-term financial planning and stability assessment challenging without further context.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a precise evaluation of spending efficiency.
Strengths
The following positive indicators were identified for The Mayors Fund To Advance New York City:
- No reported officer compensation, suggesting a strong commitment to directing funds towards mission-related activities.
- Significant asset base of $15,988,724 in 202306, providing financial resilience.
- Demonstrated ability to manage large-scale projects and secure substantial funding, as evidenced by the $78 million revenue in 202006.
Frequently Asked Questions about The Mayors Fund To Advance New York City
Is The Mayors Fund To Advance New York City a legitimate charity?
The Mayors Fund To Advance New York City (EIN: 133783906) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Mayors Fund To Advance New York City spend its money?
The Mayors Fund To Advance New York City directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Mayors Fund To Advance New York City tax-deductible?
The Mayors Fund To Advance New York City is registered as a tax-exempt nonprofit (EIN: 133783906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Mayors Fund To Advance New York City's spending goes to programs?
The Mayors Fund To Advance New York City directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Mayors Fund To Advance New York City compare to similar nonprofits?
With a transparency score of 75/100 (Good), The Mayors Fund To Advance New York City is above average for NTEE category S20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Mayors Fund To Advance New York City located?
The Mayors Fund To Advance New York City is headquartered in New York, New York and files with the IRS under EIN 133783906. It is classified under NTEE code S20Z.
How many years of IRS 990 filings does The Mayors Fund To Advance New York City have?
The Mayors Fund To Advance New York City 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 $11.1M in total revenue.
How does The Mayors Fund To Advance New York City manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that leadership may be entirely pro-bono, or their compensation is categorized differently within the IRS 990, such as under general salaries or professional fees, rather than explicitly as officer compensation.
What caused the significant revenue spike in 202006 to $78,006,463?
The substantial increase in revenue in 202006 likely corresponds to specific large-scale initiatives or emergency funding, potentially related to the COVID-19 pandemic response given the timing, which would require further investigation into their program activities for that period.
What is the typical breakdown of program, administrative, and fundraising expenses?
While specific breakdowns are not provided in the summary data, a general assessment suggests a strong program focus given the nature of a 'Mayors Fund'. However, without detailed expense categories from the 990, the exact ratios remain an estimate.
Why have assets decreased significantly from $50,115,664 in 201406 to $15,988,724 in 202306?
The decrease in assets could be due to several factors, including the completion of large projects, strategic spending down of reserves, or a shift in funding models. This trend warrants a deeper look into their balance sheets over these periods.
Is the organization financially stable given the recent deficit in 202306?
While the 202306 filing shows expenses ($11,343,971) slightly exceeding revenue ($10,878,832), this single-year deficit does not necessarily indicate instability, especially for an organization with fluctuating project-based funding. The organization still holds $15,988,724 in assets, providing a buffer.
Filing History
IRS 990 filing history for The Mayors Fund To Advance New York City showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Mayors Fund To Advance New York City's revenue has declined by 63.3%, moving from $29.6M to $10.9M. Total assets decreased by 54.3% over the same period, from $35.0M to $16.0M. Total functional expenses fell by 64.4%, from $31.9M to $11.3M. In its most recent filing year (2023), The Mayors Fund To Advance New York City reported a deficit of $465K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $16.0M in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $14.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.9M | $11.3M | $16.0M | $1.7M | — | View 990 |
| 2022 | $19.4M | $20.4M | $17.5M | $2.2M | — | View 990 |
| 2021 | $18.6M | $27.9M | $28.5M | $10.7M | — | View 990 |
| 2020 | $78.0M | $66.4M | $34.4M | $7.0M | — | View 990 |
| 2019 | $29.7M | $28.7M | $19.0M | $3.2M | — | View 990 |
| 2018 | $21.3M | $20.2M | $20.5M | $5.9M | — | View 990 |
| 2017 | $21.4M | $22.9M | $17.4M | $3.3M | — | View 990 |
| 2016 | $24.9M | $28.8M | $22.6M | $7.0M | — | View 990 |
| 2015 | $21.1M | $39.7M | $25.1M | $5.6M | — | View 990 |
| 2014 | $26.7M | $52.5M | $50.1M | $12.0M | — | View 990 |
| 2013 | $105.7M | $88.8M | $84.0M | $20.0M | — | View 990 |
| 2012 | $53.4M | $37.2M | $61.7M | $14.7M | — | View 990 |
| 2011 | $29.6M | $31.9M | $35.0M | $4.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.9M, expenses of $11.3M, and assets of $16.0M (revenue -44.0% year-over-year).
- 2022: Revenue of $19.4M, expenses of $20.4M, and assets of $17.5M (revenue +4.3% year-over-year).
- 2021: Revenue of $18.6M, expenses of $27.9M, and assets of $28.5M (revenue -76.1% year-over-year).
- 2020: Revenue of $78.0M, expenses of $66.4M, and assets of $34.4M (revenue +162.8% year-over-year).
- 2019: Revenue of $29.7M, expenses of $28.7M, and assets of $19.0M (revenue +39.1% year-over-year).
- 2018: Revenue of $21.3M, expenses of $20.2M, and assets of $20.5M (revenue -0.4% year-over-year).
- 2017: Revenue of $21.4M, expenses of $22.9M, and assets of $17.4M (revenue -13.8% year-over-year).
- 2016: Revenue of $24.9M, expenses of $28.8M, and assets of $22.6M (revenue +18.0% year-over-year).
- 2015: Revenue of $21.1M, expenses of $39.7M, and assets of $25.1M (revenue -21.0% year-over-year).
- 2014: Revenue of $26.7M, expenses of $52.5M, and assets of $50.1M (revenue -74.8% year-over-year).
- 2013: Revenue of $105.7M, expenses of $88.8M, and assets of $84.0M (revenue +97.9% year-over-year).
- 2012: Revenue of $53.4M, expenses of $37.2M, and assets of $61.7M (revenue +80.4% year-over-year).
- 2011: Revenue of $29.6M, expenses of $31.9M, and assets of $35.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Mayors Fund To Advance New York City:
Data Sources and Methodology
This transparency report for The Mayors Fund To Advance New York City 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.