Upper Manhattan Empowerment Zone Development Corporation
Upper Manhattan Empowerment Zone Development Corporation maintains substantial assets with fluctuating revenue and no reported officer compensation.
EIN: 133808669 · New York, NY · NTEE: S310 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $5.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $80 |
| Net Assets | $73.2M |
| Transparency Score | 90/100 |
Is Upper Manhattan Empowerment Zone Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Upper Manhattan Empowerment Zone Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Upper Manhattan Empowerment Zone Development Corporation
Upper Manhattan Empowerment Zone Development Corporation (EIN: 133808669) is a nonprofit organization based in New York, NY, classified under NTEE code S310. The organization reported total revenue of $5.0M and total assets of $82.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upper Manhattan Empowerment Zone Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Upper Manhattan Empowerment Zone Development Corporation is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $5.2M |
| Surplus / Deficit | +$731K |
| Total Assets | $79.5M |
| Total Liabilities | $6.3M |
| Net Assets | $73.2M |
| Operating Margin | 12.3% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 182.8 months |
Financial Health Grade: A
In 2023, Upper Manhattan Empowerment Zone Development Corporation reported a surplus of $731K with revenue exceeding expenses, holds 182.8 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Upper Manhattan Empowerment Zone Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.1% | -23.9% | -0.5% |
| 2022 | +180.0% | +46.7% | -11.8% |
| 2021 | -49.9% | -21.3% | +8.5% |
| 2020 | -45.9% | +22.8% | -1.5% |
| 2019 | +25.8% | -12.9% | -2.4% |
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 Upper Manhattan Empowerment Zone Development Corporation with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Upper Manhattan Empowerment Zone Development Corporation 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 surplus of $731K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation directly from the organization, which is highly unusual for an organization of this size with over $80 million in assets.
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 Upper Manhattan Empowerment Zone Development Corporation's IRS 990 filings:
- Significant year-over-year revenue volatility could impact long-term program planning.
Strengths
The following positive indicators were identified for Upper Manhattan Empowerment Zone Development Corporation:
- Consistently strong asset base, averaging over $80 million, providing financial stability.
- Zero reported officer compensation across all filings, indicating high transparency and mission focus.
- Expenses generally managed within revenue, leading to stable or growing net assets.
- Long history of IRS 990 filings (13 filings) demonstrates consistent reporting and accountability.
Frequently Asked Questions about Upper Manhattan Empowerment Zone Development Corporation
Is Upper Manhattan Empowerment Zone Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Upper Manhattan Empowerment Zone Development Corporation (EIN: 133808669) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Upper Manhattan Empowerment Zone Development Corporation spend its money?
Upper Manhattan Empowerment Zone Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Upper Manhattan Empowerment Zone Development Corporation tax-deductible?
Upper Manhattan Empowerment Zone Development Corporation is registered as a tax-exempt nonprofit (EIN: 133808669). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Upper Manhattan Empowerment Zone Development Corporation CEO make?
Upper Manhattan Empowerment Zone Development Corporation's highest-compensated officer earns $80 annually. The organization reported $5.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Upper Manhattan Empowerment Zone Development Corporation's spending goes to programs?
Upper Manhattan Empowerment Zone Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Upper Manhattan Empowerment Zone Development Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Upper Manhattan Empowerment Zone Development Corporation is above average for NTEE category S310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Upper Manhattan Empowerment Zone Development Corporation located?
Upper Manhattan Empowerment Zone Development Corporation is headquartered in New York, New York and files with the IRS under EIN 133808669. It is classified under NTEE code S310.
How many years of IRS 990 filings does Upper Manhattan Empowerment Zone Development Corporation have?
Upper Manhattan Empowerment Zone Development Corporation 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 $5.0M in total revenue.
Is Upper Manhattan Empowerment Zone Development Corporation a good charity?
Based on the available financial data, UMEZ appears to be a well-managed organization with substantial assets and a strong commitment to transparency, particularly regarding executive compensation. The consistent reporting of 0% officer compensation is a significant positive indicator.
How does UMEZ manage its significant asset base?
UMEZ consistently holds over $80 million in assets, suggesting a focus on long-term investment and capital preservation to support its community development mission, rather than solely relying on annual revenue for operations.
What causes the large fluctuations in UMEZ's annual revenue?
The significant swings in revenue, such as from $12.6 million in 2019 to $3.4 million in 2021, suggest that UMEZ may rely on grants, government funding, or specific project-based income that can vary year-to-year. Further investigation into their funding sources would be needed to understand the exact causes.
Filing History
IRS 990 filing history for Upper Manhattan Empowerment Zone Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Upper Manhattan Empowerment Zone Development Corporation's revenue has declined by 33.8%, moving from $9.0M to $6.0M. Total assets decreased by 7.7% over the same period, from $86.1M to $79.5M. Total functional expenses fell by 60%, from $13.0M to $5.2M. In its most recent filing year (2023), Upper Manhattan Empowerment Zone Development Corporation reported a surplus of $731K, with revenue exceeding expenses. The organization holds $6.3M in liabilities against $79.5M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $73.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $5.2M | $79.5M | $6.3M | — | View 990 |
| 2022 | $9.6M | $6.9M | $79.9M | $8.7M | — | View 990 |
| 2021 | $3.4M | $4.7M | $90.6M | $20.3M | — | View 990 |
| 2020 | $6.9M | $5.9M | $83.5M | $11.7M | — | View 990 |
| 2019 | $12.7M | $4.8M | $84.8M | $14.4M | — | View 990 |
| 2018 | $10.1M | $5.6M | $86.8M | $24.3M | — | View 990 |
| 2017 | $3.8M | $5.5M | $83.2M | $25.2M | — | View 990 |
| 2016 | $2.6M | $4.3M | $78.1M | $18.4M | — | View 990 |
| 2015 | $7.1M | $7.1M | $80.3M | $18.9M | — | View 990 |
| 2014 | $3.0M | $4.6M | $82.8M | $21.4M | — | View 990 |
| 2013 | $4.3M | $5.9M | $82.2M | $19.2M | — | View 990 |
| 2012 | $5.6M | $6.7M | $83.8M | $19.2M | — | View 990 |
| 2011 | $9.0M | $13.0M | $86.1M | $20.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $5.2M, and assets of $79.5M (revenue -38.1% year-over-year).
- 2022: Revenue of $9.6M, expenses of $6.9M, and assets of $79.9M (revenue +180.0% year-over-year).
- 2021: Revenue of $3.4M, expenses of $4.7M, and assets of $90.6M (revenue -49.9% year-over-year).
- 2020: Revenue of $6.9M, expenses of $5.9M, and assets of $83.5M (revenue -45.9% year-over-year).
- 2019: Revenue of $12.7M, expenses of $4.8M, and assets of $84.8M (revenue +25.8% year-over-year).
- 2018: Revenue of $10.1M, expenses of $5.6M, and assets of $86.8M (revenue +163.2% year-over-year).
- 2017: Revenue of $3.8M, expenses of $5.5M, and assets of $83.2M (revenue +46.1% year-over-year).
- 2016: Revenue of $2.6M, expenses of $4.3M, and assets of $78.1M (revenue -63.0% year-over-year).
- 2015: Revenue of $7.1M, expenses of $7.1M, and assets of $80.3M (revenue +134.5% year-over-year).
- 2014: Revenue of $3.0M, expenses of $4.6M, and assets of $82.8M (revenue -30.5% year-over-year).
- 2013: Revenue of $4.3M, expenses of $5.9M, and assets of $82.2M (revenue -22.1% year-over-year).
- 2012: Revenue of $5.6M, expenses of $6.7M, and assets of $83.8M (revenue -37.9% year-over-year).
- 2011: Revenue of $9.0M, expenses of $13.0M, and assets of $86.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Upper Manhattan Empowerment Zone Development Corporation:
Data Sources and Methodology
This transparency report for Upper Manhattan Empowerment Zone Development Corporation 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.