The Partnership For New York City Inc
The Partnership For New York City Inc consistently grows assets and maintains positive operating margins.
EIN: 133056559 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.5M |
| Total Expenses | $8.2M |
| Program Spending | 80% |
| Net Assets | $48.3M |
| Transparency Score | 85/100 |
Is The Partnership For New York City Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Partnership For New York City Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Partnership For New York City Inc
The Partnership For New York City Inc (EIN: 133056559) is a nonprofit organization based in New York, NY. The organization reported total revenue of $13.5M and total assets of $62.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Partnership For New York City Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Partnership For New York City Inc is a large nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.5M |
| Total Expenses | $8.2M |
| Surplus / Deficit | +$3.3M |
| Total Assets | $59.9M |
| Total Liabilities | $11.6M |
| Net Assets | $48.3M |
| Operating Margin | 28.6% |
| Debt-to-Asset Ratio | 19.4% |
| Months of Reserves | 87.8 months |
Financial Health Grade: A
In 2023, The Partnership For New York City Inc reported a surplus of $3.3M with revenue exceeding expenses, holds 87.8 months of operating reserves (strong position), has a debt-to-asset ratio of 19.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Partnership For New York City Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.9% | +7.1% | +8.6% |
| 2022 | -2.0% | -1.2% | +9.8% |
| 2021 | +24.2% | +15.5% | +9.2% |
| 2020 | -2.3% | -1.8% | +10.8% |
| 2019 | -22.8% | -1.0% | +15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Partnership For New York City 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 Partnership For New York City 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.4%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, which is highly unusual and suggests that executive compensation may be reported differently or covered by other entities, or that the organization's leadership is entirely volunteer-based. This lack of reported compensation on the 990s warrants further investigation for complete transparency.
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 Partnership For New York City Inc's IRS 990 filings:
- Unusual 0% officer compensation reported across all filings, requiring further clarification.
Strengths
The following positive indicators were identified for The Partnership For New York City Inc:
- Consistent revenue generation exceeding expenses, leading to annual surpluses.
- Strong and consistent asset growth over the past decade, from $30.6M in 2014 to $59.9M in 2023.
- Healthy financial reserves, with assets significantly outweighing liabilities.
- Stable financial operations with manageable liabilities.
Frequently Asked Questions about The Partnership For New York City Inc
Is The Partnership For New York City Inc a legitimate charity?
The Partnership For New York City Inc (EIN: 133056559) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $13.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Partnership For New York City Inc spend its money?
The Partnership For New York City Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Partnership For New York City Inc tax-deductible?
The Partnership For New York City Inc is registered as a tax-exempt nonprofit (EIN: 133056559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Partnership For New York City Inc's spending goes to programs?
The Partnership For New York City Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Partnership For New York City Inc located?
The Partnership For New York City Inc is headquartered in New York, New York and files with the IRS under EIN 133056559.
How many years of IRS 990 filings does The Partnership For New York City Inc have?
The Partnership For New York City Inc has 14 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 $13.5M in total revenue.
How does The Partnership For New York City Inc manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation on IRS Form 990s is highly unusual for an organization of this size and revenue. It suggests that executive compensation might be paid by a related entity, or that the organization's leadership is entirely volunteer-based, or that compensation is categorized under other expense lines. Further review of the full 990 forms, particularly Schedule J, would be necessary to understand this reporting.
What is the organization's primary program focus given its NTEE code is unknown?
Without a specific NTEE code, it's challenging to pinpoint the exact program focus from the provided data. However, the organization's name, 'The Partnership For New York City Inc,' suggests a broad mission related to economic development, civic engagement, or community improvement within New York City. A review of their website or full 990 filings would provide clarity on their specific programmatic activities.
Is the organization's asset growth sustainable?
Yes, the organization has shown consistent asset growth, from $30.6 million in 2014 to $59.9 million in 2023. This growth is supported by consistent revenue generation exceeding expenses, indicating a sustainable financial model that allows for the accumulation of reserves and assets.
Filing History
IRS 990 filing history for The Partnership For New York City Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Partnership For New York City Inc's revenue has grown by 73.9%, moving from $6.6M to $11.5M. Total assets increased by 166.9% over the same period, from $22.5M to $59.9M. Total functional expenses rose by 44.7%, from $5.7M to $8.2M. In its most recent filing year (2023), The Partnership For New York City Inc reported a surplus of $3.3M, with revenue exceeding expenses. The organization holds $11.6M in liabilities against $59.9M in assets (debt-to-asset ratio: 19.4%), resulting in net assets of $48.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.5M | $8.2M | $59.9M | $11.6M | — | — |
| 2022 | $10.1M | $7.6M | $55.2M | $13.5M | — | View 990 |
| 2021 | $10.3M | $7.7M | $50.3M | $4.4M | — | View 990 |
| 2020 | $8.3M | $6.7M | $46.0M | $4.6M | — | View 990 |
| 2019 | $8.5M | $6.8M | $41.5M | $4.4M | — | View 990 |
| 2018 | $11.0M | $6.9M | $36.0M | $5.1M | — | View 990 |
| 2017 | $8.7M | $7.5M | $37.1M | $5.1M | — | View 990 |
| 2016 | $8.0M | $6.4M | $33.5M | $5.7M | — | View 990 |
| 2015 | $7.9M | $6.3M | $30.6M | $5.2M | — | View 990 |
| 2014 | $7.9M | $6.3M | $30.6M | $5.2M | — | View 990 |
| 2013 | $7.9M | $6.5M | $28.4M | $4.4M | — | View 990 |
| 2012 | $7.9M | $7.3M | $25.4M | $6.5M | — | View 990 |
| 2011 | $7.7M | $6.1M | $23.0M | $5.5M | — | View 990 |
| 2010 | $6.6M | $5.7M | $22.5M | $4.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.5M, expenses of $8.2M, and assets of $59.9M (revenue +13.9% year-over-year).
- 2022: Revenue of $10.1M, expenses of $7.6M, and assets of $55.2M (revenue -2.0% year-over-year).
- 2021: Revenue of $10.3M, expenses of $7.7M, and assets of $50.3M (revenue +24.2% year-over-year).
- 2020: Revenue of $8.3M, expenses of $6.7M, and assets of $46.0M (revenue -2.3% year-over-year).
- 2019: Revenue of $8.5M, expenses of $6.8M, and assets of $41.5M (revenue -22.8% year-over-year).
- 2018: Revenue of $11.0M, expenses of $6.9M, and assets of $36.0M (revenue +26.0% year-over-year).
- 2017: Revenue of $8.7M, expenses of $7.5M, and assets of $37.1M (revenue +9.0% year-over-year).
- 2016: Revenue of $8.0M, expenses of $6.4M, and assets of $33.5M (revenue +0.7% year-over-year).
- 2015: Revenue of $7.9M, expenses of $6.3M, and assets of $30.6M (revenue +0.0% year-over-year).
- 2014: Revenue of $7.9M, expenses of $6.3M, and assets of $30.6M (revenue +0.0% year-over-year).
- 2013: Revenue of $7.9M, expenses of $6.5M, and assets of $28.4M (revenue +0.4% year-over-year).
- 2012: Revenue of $7.9M, expenses of $7.3M, and assets of $25.4M (revenue +3.0% year-over-year).
- 2011: Revenue of $7.7M, expenses of $6.1M, and assets of $23.0M (revenue +16.3% year-over-year).
- 2010: Revenue of $6.6M, expenses of $5.7M, and assets of $22.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Partnership For New York City Inc:
Data Sources and Methodology
This transparency report for The Partnership For New York City 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.