The New York Eye And Ear Infirmary
New York Eye And Ear Infirmary consistently operates with deficits, reporting 0% officer compensation.
EIN: 135562304 · New York, NY · NTEE: E240 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $112.6M |
| Total Expenses | $141.0M |
| Program Spending | 85% |
| Net Assets | $86.4M |
| Transparency Score | 75/100 |
Is The New York Eye And Ear Infirmary 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 Eye And Ear Infirmary directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The New York Eye And Ear Infirmary
The New York Eye And Ear Infirmary (EIN: 135562304) is a nonprofit organization based in New York, NY, classified under NTEE code E240. The organization reported total revenue of $112.6M and total assets of $153.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The New York Eye And Ear Infirmary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The New York Eye And Ear Infirmary is a major nonprofit that has been operating for 91 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $126.8M |
| Total Expenses | $141.0M |
| Surplus / Deficit | $-14,205,776 |
| Total Assets | $146.2M |
| Total Liabilities | $59.8M |
| Net Assets | $86.4M |
| Operating Margin | -11.2% |
| Debt-to-Asset Ratio | 40.9% |
| Months of Reserves | 12.4 months |
Financial Health Grade: B
In 2023, The New York Eye And Ear Infirmary reported a deficit of $14.2M with expenses exceeding revenue, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 40.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The New York Eye And Ear Infirmary's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | -2.5% | -11.6% |
| 2022 | -14.4% | -1.1% | -11.0% |
| 2021 | +16.1% | +2.9% | +2.1% |
| 2020 | -22.8% | -3.2% | -5.4% |
| 2019 | +2.4% | +1.1% | +24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1935 |
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 Eye And Ear Infirmary 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 New York Eye And Ear Infirmary 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 $14.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of this size and revenue. This suggests that executive compensation may be paid by an affiliated entity or not directly reported on this specific 990, rather than a complete absence 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.
Red Flags
The following concerns were identified during AI analysis of The New York Eye And Ear Infirmary's IRS 990 filings:
- Consistent operational deficits (e.g., 2023 expenses $141M vs. revenue $126M)
- Unusual 0% officer compensation reported across all filings for a large organization, suggesting potential lack of direct transparency on executive pay within this specific filing.
Strengths
The following positive indicators were identified for The New York Eye And Ear Infirmary:
- Maintains substantial assets ($146,201,172 in 2023) providing a financial cushion.
- Consistent filing history demonstrates transparency in reporting financial data.
- Likely strong program spending given the nature of a hospital organization, though specific program spending ratios are not provided in the raw data.
Frequently Asked Questions about The New York Eye And Ear Infirmary
Is The New York Eye And Ear Infirmary a legitimate charity?
Based on AI analysis of IRS 990 filings, The New York Eye And Ear Infirmary (EIN: 135562304) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does The New York Eye And Ear Infirmary spend its money?
The New York Eye And Ear Infirmary directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The New York Eye And Ear Infirmary tax-deductible?
The New York Eye And Ear Infirmary is registered as a tax-exempt nonprofit (EIN: 135562304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The New York Eye And Ear Infirmary's spending goes to programs?
The New York Eye And Ear Infirmary directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The New York Eye And Ear Infirmary compare to similar nonprofits?
With a transparency score of 75/100 (Good), The New York Eye And Ear Infirmary is above average for NTEE category E240 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The New York Eye And Ear Infirmary located?
The New York Eye And Ear Infirmary is headquartered in New York, New York and files with the IRS under EIN 135562304. It is classified under NTEE code E240.
How many years of IRS 990 filings does The New York Eye And Ear Infirmary have?
The New York Eye And Ear Infirmary 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 $112.6M in total revenue.
Why does the organization consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings for an organization with over $100 million in annual revenue is highly unusual. It suggests that executive compensation might be handled by a parent organization or an affiliated entity, and therefore not directly reported on this specific 990 form, rather than indicating no compensation is paid to executives.
What is the long-term strategy for addressing the recurring operational deficits?
The organization has reported expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2020). While they maintain significant assets, a sustained pattern of operational deficits could impact long-term financial stability. Understanding the strategy to balance expenses with revenue is crucial.
How are program expenses allocated given the NTEE code E240 (Hospitals)?
Given the NTEE code E240 for Hospitals, a significant portion of expenses would typically be allocated to direct patient care, medical research, and community health programs. A detailed breakdown of these program service expenses would provide greater insight into their mission fulfillment.
Filing History
IRS 990 filing history for The New York Eye And Ear Infirmary showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The New York Eye And Ear Infirmary's revenue has declined by 16%, moving from $151.0M to $126.8M. Total assets increased by 1.1% over the same period, from $144.6M to $146.2M. Total functional expenses rose by 3.9%, from $135.7M to $141.0M. In its most recent filing year (2023), The New York Eye And Ear Infirmary reported a deficit of $14.2M, with expenses exceeding revenue. The organization holds $59.8M in liabilities against $146.2M in assets (debt-to-asset ratio: 40.9%), resulting in net assets of $86.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $126.8M | $141.0M | $146.2M | $59.8M | — | — |
| 2022 | $125.3M | $144.6M | $165.4M | $60.8M | — | View 990 |
| 2021 | $146.4M | $146.2M | $185.7M | $60.6M | — | View 990 |
| 2020 | $126.0M | $142.1M | $182.0M | $87.1M | — | View 990 |
| 2019 | $163.3M | $146.8M | $192.3M | $81.5M | — | View 990 |
| 2018 | $159.6M | $145.1M | $155.0M | $63.3M | — | View 990 |
| 2017 | $141.9M | $141.3M | $144.9M | $58.1M | — | View 990 |
| 2016 | $142.3M | $150.6M | $139.3M | $59.5M | — | View 990 |
| 2015 | $146.9M | $150.3M | $147.1M | $66.8M | — | View 990 |
| 2014 | $167.1M | $148.4M | $157.9M | $74.5M | — | View 990 |
| 2013 | $156.8M | $145.4M | $164.7M | $65.8M | — | View 990 |
| 2012 | $158.2M | $146.1M | $157.2M | $100.6M | — | View 990 |
| 2011 | $151.0M | $135.7M | $144.6M | $94.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126.8M, expenses of $141.0M, and assets of $146.2M (revenue +1.2% year-over-year).
- 2022: Revenue of $125.3M, expenses of $144.6M, and assets of $165.4M (revenue -14.4% year-over-year).
- 2021: Revenue of $146.4M, expenses of $146.2M, and assets of $185.7M (revenue +16.1% year-over-year).
- 2020: Revenue of $126.0M, expenses of $142.1M, and assets of $182.0M (revenue -22.8% year-over-year).
- 2019: Revenue of $163.3M, expenses of $146.8M, and assets of $192.3M (revenue +2.4% year-over-year).
- 2018: Revenue of $159.6M, expenses of $145.1M, and assets of $155.0M (revenue +12.5% year-over-year).
- 2017: Revenue of $141.9M, expenses of $141.3M, and assets of $144.9M (revenue -0.3% year-over-year).
- 2016: Revenue of $142.3M, expenses of $150.6M, and assets of $139.3M (revenue -3.1% year-over-year).
- 2015: Revenue of $146.9M, expenses of $150.3M, and assets of $147.1M (revenue -12.1% year-over-year).
- 2014: Revenue of $167.1M, expenses of $148.4M, and assets of $157.9M (revenue +6.5% year-over-year).
- 2013: Revenue of $156.8M, expenses of $145.4M, and assets of $164.7M (revenue -0.8% year-over-year).
- 2012: Revenue of $158.2M, expenses of $146.1M, and assets of $157.2M (revenue +4.8% year-over-year).
- 2011: Revenue of $151.0M, expenses of $135.7M, and assets of $144.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The New York Eye And Ear Infirmary:
Data Sources and Methodology
This transparency report for The New York Eye And Ear Infirmary 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.