The New York Community Trust
The New York Community Trust consistently directs over 90% of its expenses to program services with no reported officer compensation.
EIN: 133062214 · New York, NY · NTEE: T310 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1B |
| Total Expenses | $238.4M |
| Program Spending | 90% |
| Net Assets | $3.2B |
| Transparency Score | 95/100 |
Is The New York Community Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The New York Community Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The New York Community Trust
The New York Community Trust (EIN: 133062214) is a nonprofit organization based in New York, NY, classified under NTEE code T310. The organization reported total revenue of $1.1B and total assets of $3.5B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The New York Community Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The New York Community Trust is a major nonprofit that has been operating for 67 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $282.5M |
| Total Expenses | $238.4M |
| Surplus / Deficit | +$44.1M |
| Total Assets | $3.2B |
| Total Liabilities | $75.1M |
| Net Assets | $3.2B |
| Operating Margin | 15.6% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 163.6 months |
Financial Health Grade: A
In 2023, The New York Community Trust reported a surplus of $44.1M with revenue exceeding expenses, holds 163.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The New York Community Trust's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.2% | +0.1% | +10.8% |
| 2022 | -28.9% | -17.2% | -16.2% |
| 2021 | +23.6% | -5.2% | +11.2% |
| 2020 | +39.1% | +44.2% | +8.2% |
| 2019 | +5.5% | +8.5% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
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 New York Community Trust 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The New York Community Trust allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $44.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
The New York Community Trust consistently reports 0% for officer compensation across all available IRS 990 filings, indicating that the organization's highest-ranking officers are not directly compensated in a manner typically reported in this section, or that the organization's structure involves uncompensated officers, which is highly unusual for an organization of this size and asset base.
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 New York Community Trust's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could warrant further investigation into how leadership is compensated.
Strengths
The following positive indicators were identified for The New York Community Trust:
- Exceptional program spending ratio, consistently over 90% of total expenses.
- Strong and growing asset base, indicating long-term financial stability ($3.51 billion in assets).
- Consistent revenue generation, with annual revenues frequently exceeding $250 million.
- Efficient management of expenses, with low administrative and fundraising overhead.
- Long history of detailed IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about The New York Community Trust
Is The New York Community Trust a legitimate charity?
The New York Community Trust (EIN: 133062214) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1B. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does The New York Community Trust spend its money?
The New York Community Trust directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to The New York Community Trust tax-deductible?
The New York Community Trust is registered as a tax-exempt nonprofit (EIN: 133062214). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The New York Community Trust's spending goes to programs?
The New York Community Trust directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The New York Community Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), The New York Community Trust is above average for NTEE category T310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The New York Community Trust located?
The New York Community Trust is headquartered in New York, New York and files with the IRS under EIN 133062214. It is classified under NTEE code T310.
How many years of IRS 990 filings does The New York Community Trust have?
The New York Community Trust 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 $1.1B in total revenue.
Is The New York Community Trust a good charity?
Based on its financial data, The New York Community Trust appears to be a very good charity. It consistently allocates over 90% of its expenses to program services, maintains a strong asset base, and demonstrates excellent financial stability and transparency.
How does The New York Community Trust manage its administrative costs?
The New York Community Trust manages its administrative costs very efficiently, with administrative expenses typically representing a small fraction of total expenses. For example, in 2023, administrative expenses were approximately 7% of total expenses, indicating strong cost control.
What is the trend in The New York Community Trust's assets?
The New York Community Trust has shown a consistent upward trend in its assets, growing from $2.47 billion in 2015 to $3.51 billion currently, demonstrating strong financial growth and capacity.
Why is officer compensation reported as 0%?
The consistent reporting of 0% for officer compensation on the IRS 990 filings is unusual for an organization of this scale. It suggests that either the officers are uncompensated, or their compensation is structured and reported in a different section of the 990, or through a related entity, rather than as direct officer compensation.
Filing History
IRS 990 filing history for The New York Community Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The New York Community Trust's revenue has declined by 8.8%, moving from $309.6M to $282.5M. Total assets increased by 70.3% over the same period, from $1.9B to $3.2B. Total functional expenses rose by 48.1%, from $161.0M to $238.4M. In its most recent filing year (2023), The New York Community Trust reported a surplus of $44.1M, with revenue exceeding expenses. The organization holds $75.1M in liabilities against $3.2B in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $3.2B.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $282.5M | $238.4M | $3.2B | $75.1M | — | — |
| 2022 | $314.7M | $238.1M | $2.9B | $75.3M | — | View 990 |
| 2021 | $442.9M | $287.4M | $3.5B | $53.1M | — | View 990 |
| 2020 | $358.3M | $303.3M | $3.1B | $43.5M | — | — |
| 2019 | $257.6M | $210.4M | $2.9B | $55.6M | — | View 990 |
| 2018 | $244.2M | $193.9M | $2.6B | $67.6M | — | View 990 |
| 2017 | $251.0M | $256.4M | $2.8B | $73.9M | — | View 990 |
| 2016 | $222.6M | $228.2M | $2.6B | $53.1M | — | View 990 |
| 2015 | $222.5M | $195.0M | $2.5B | $33.0M | — | View 990 |
| 2014 | $338.7M | $187.2M | $2.6B | $31.2M | — | View 990 |
| 2013 | $284.1M | $171.6M | $2.4B | $34.0M | — | View 990 |
| 2012 | $262.7M | $159.9M | $2.1B | $40.6M | — | View 990 |
| 2011 | $309.6M | $161.0M | $1.9B | $40.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $282.5M, expenses of $238.4M, and assets of $3.2B (revenue -10.2% year-over-year).
- 2022: Revenue of $314.7M, expenses of $238.1M, and assets of $2.9B (revenue -28.9% year-over-year).
- 2021: Revenue of $442.9M, expenses of $287.4M, and assets of $3.5B (revenue +23.6% year-over-year).
- 2020: Revenue of $358.3M, expenses of $303.3M, and assets of $3.1B (revenue +39.1% year-over-year).
- 2019: Revenue of $257.6M, expenses of $210.4M, and assets of $2.9B (revenue +5.5% year-over-year).
- 2018: Revenue of $244.2M, expenses of $193.9M, and assets of $2.6B (revenue -2.7% year-over-year).
- 2017: Revenue of $251.0M, expenses of $256.4M, and assets of $2.8B (revenue +12.8% year-over-year).
- 2016: Revenue of $222.6M, expenses of $228.2M, and assets of $2.6B (revenue +0.0% year-over-year).
- 2015: Revenue of $222.5M, expenses of $195.0M, and assets of $2.5B (revenue -34.3% year-over-year).
- 2014: Revenue of $338.7M, expenses of $187.2M, and assets of $2.6B (revenue +19.2% year-over-year).
- 2013: Revenue of $284.1M, expenses of $171.6M, and assets of $2.4B (revenue +8.2% year-over-year).
- 2012: Revenue of $262.7M, expenses of $159.9M, and assets of $2.1B (revenue -15.2% year-over-year).
- 2011: Revenue of $309.6M, expenses of $161.0M, and assets of $1.9B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The New York Community Trust:
Data Sources and Methodology
This transparency report for The New York Community Trust 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.