The New York Milk Bank Inc
The New York Milk Bank Inc shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 10934160 · Valhalla, NY · NTEE: E19 · Updated: 2026-03-28
Is The New York Milk Bank Inc 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 Milk Bank Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The New York Milk Bank Inc
The New York Milk Bank Inc (EIN: 10934160) is a nonprofit organization based in Valhalla, NY, classified under NTEE code E19. The organization reported total revenue of $2.1M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The New York Milk Bank Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The New York Milk Bank Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The New York Milk Bank Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its top leadership is either uncompensated or compensated through means not classified as officer compensation, which is a positive sign for donor trust regarding 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 New York Milk Bank Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Expenses exceeded revenue in 2021 and 2022, indicating potential operational deficits in those periods
Strengths
The following positive indicators were identified for The New York Milk Bank Inc:
- Consistent and significant revenue growth over time, from $161,350 in 2015 to $1,779,649 in 2023
- Strong asset growth, reaching $1,499,606 in 2023, providing financial stability
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership
- Generally positive net income, with revenue exceeding expenses in most years, including a substantial surplus in 2023
- Clear mission aligned with NTEE code E19 (Blood, Organ & Tissue Banks)
Frequently Asked Questions about The New York Milk Bank Inc
Is The New York Milk Bank Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The New York Milk Bank Inc (EIN: 10934160) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does The New York Milk Bank Inc spend its money?
The New York Milk Bank Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The New York Milk Bank Inc tax-deductible?
The New York Milk Bank Inc is registered as a tax-exempt nonprofit (EIN: 10934160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of total expenses are allocated to program services?
Based on typical nonprofit benchmarks and the organization's mission, an estimated 80% of expenses are allocated to programs, though specific data is not provided in the filings.
How does the organization manage its liabilities, which reached $563,795 in 2022?
While liabilities increased in some years, they generally remain a manageable portion of assets. For example, in 2023, liabilities were $467,060 against assets of $1,499,606, indicating a healthy financial position.
What is the full compensation structure for key employees, given 0% officer compensation?
The filings consistently show 0% officer compensation, suggesting that key employees may be volunteers or compensated under other expense categories, which would require further detail to fully understand.
Filing History
IRS 990 filing history for The New York Milk Bank Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), The New York Milk Bank Inc's revenue has grown by 1003%, moving from $161K to $1.8M. Total assets increased by 963.8% over the same period, from $141K to $1.5M. Total functional expenses rose by 7316.9%, from $20K to $1.5M. In its most recent filing year (2023), The New York Milk Bank Inc reported a surplus of $268K, with revenue exceeding expenses. The organization holds $467K in liabilities against $1.5M in assets (debt-to-asset ratio: 31.1%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.5M | $1.5M | $467K | — | — |
| 2022 | $1.3M | $1.4M | $1.3M | $564K | — | — |
| 2021 | $1.3M | $1.3M | $969K | $124K | — | View 990 |
| 2020 | $1.2M | $1.2M | $1.0M | $148K | — | View 990 |
| 2019 | $1.2M | $1.0M | $891K | $67K | — | View 990 |
| 2018 | $1.1M | $714K | $728K | $52K | — | View 990 |
| 2017 | $643K | $351K | $426K | $98K | — | — |
| 2016 | $236K | $341K | $104K | $68K | — | View 990 |
| 2015 | $161K | $20K | $141K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.5M, and assets of $1.5M (revenue +34.2% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.4M, and assets of $1.3M (revenue +3.9% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $969K (revenue +3.4% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $1.0M (revenue +5.6% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.0M, and assets of $891K (revenue +10.0% year-over-year).
- 2018: Revenue of $1.1M, expenses of $714K, and assets of $728K (revenue +65.2% year-over-year).
- 2017: Revenue of $643K, expenses of $351K, and assets of $426K (revenue +172.6% year-over-year).
- 2016: Revenue of $236K, expenses of $341K, and assets of $104K (revenue +46.2% year-over-year).
- 2015: Revenue of $161K, expenses of $20K, and assets of $141K.
Data Sources and Methodology
This transparency report for The New York Milk Bank 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.