Upstate New York Engineers Sub Fund
Upstate New York Engineers Sub Fund shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 160905061 · Syracuse, NY · NTEE: Y24Z · Updated: 2026-03-28
Is Upstate New York Engineers Sub Fund Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Upstate New York Engineers Sub Fund directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Upstate New York Engineers Sub Fund
Upstate New York Engineers Sub Fund (EIN: 160905061) is a nonprofit organization based in Syracuse, NY, classified under NTEE code Y24Z. The organization reported total revenue of $2.1M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upstate New York Engineers Sub Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Upstate New York Engineers Sub Fund is a mid-size nonprofit that has been operating for 61 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$658K |
| Total Assets | $2.4M |
| Total Liabilities | $195K |
| Net Assets | $2.2M |
| Operating Margin | 38.7% |
| Debt-to-Asset Ratio | 8.2% |
| Months of Reserves | 27.3 months |
Financial Health Grade: A
In 2024, Upstate New York Engineers Sub Fund reported a surplus of $658K with revenue exceeding expenses, holds 27.3 months of operating reserves (strong position), has a debt-to-asset ratio of 8.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Upstate New York Engineers Sub Fund's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.4% | +2.2% | +41.7% |
| 2023 | -2.2% | +5.0% | +38.2% |
| 2022 | -12.4% | -20.1% | +70.7% |
| 2021 | +57.1% | -5.7% | +302.8% |
| 2020 | +6.9% | +2.5% | -51.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 Upstate New York Engineers Sub Fund 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Upstate New York Engineers Sub Fund 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $658K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer or compensated through mechanisms not classified as officer compensation on the IRS Form 990, which is highly favorable for a nonprofit of its size with latest revenue of $1,697,395.
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.
Strengths
The following positive indicators were identified for Upstate New York Engineers Sub Fund:
- Consistent revenue growth, from $1,112,044 in 2020 to $1,697,395 in 2024.
- Significant asset accumulation, increasing from $175,991 in 2020 to $2,369,788 in 2024.
- 0% reported officer compensation across all available filings, indicating efficient use of funds.
- Strong financial stability with liabilities remaining low relative to growing assets.
- Consistent filing history with 14 available IRS 990s, demonstrating transparency.
Frequently Asked Questions about Upstate New York Engineers Sub Fund
Is Upstate New York Engineers Sub Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Upstate New York Engineers Sub Fund (EIN: 160905061) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Upstate New York Engineers Sub Fund spend its money?
Upstate New York Engineers Sub Fund directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Upstate New York Engineers Sub Fund tax-deductible?
Upstate New York Engineers Sub Fund is registered as a tax-exempt nonprofit (EIN: 160905061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Upstate New York Engineers Sub Fund a good charity?
Based on the available financial data, the organization demonstrates strong financial health, consistent revenue growth, and significant asset accumulation. The reported 0% officer compensation is a positive indicator of efficient resource allocation. However, a detailed functional expense breakdown would provide more insight into program efficiency.
How has the organization's financial health changed over time?
The organization has shown remarkable financial improvement, with revenue growing from $1,112,044 in 2020 to $1,697,395 in 2024, and assets increasing dramatically from $175,991 in 2020 to $2,369,788 in 2024. This indicates strong financial management and sustainability.
What is the organization's approach to executive compensation?
Upstate New York Engineers Sub Fund consistently reports 0% officer compensation in its IRS 990 filings, suggesting a volunteer-led executive team or a compensation structure that does not fall under the 'officer compensation' category, which is a very positive sign for donor funds.
Filing History
IRS 990 filing history for Upstate New York Engineers Sub Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Upstate New York Engineers Sub Fund's revenue has grown by 97.3%, moving from $860K to $1.7M. Total assets increased by 154.7% over the same period, from $930K to $2.4M. Total functional expenses rose by 33.9%, from $777K to $1.0M. In its most recent filing year (2024), Upstate New York Engineers Sub Fund reported a surplus of $658K, with revenue exceeding expenses. The organization holds $195K in liabilities against $2.4M in assets (debt-to-asset ratio: 8.2%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $1.0M | $2.4M | $195K | — | View 990 |
| 2023 | $1.5M | $1.0M | $1.7M | $197K | — | View 990 |
| 2022 | $1.5M | $969K | $1.2M | $200K | — | View 990 |
| 2021 | $1.7M | $1.2M | $709K | $193K | — | — |
| 2020 | $1.1M | $1.3M | $176K | $192K | — | View 990 |
| 2019 | $1.0M | $1.3M | $364K | $202K | — | View 990 |
| 2018 | $1.1M | $1.1M | $602K | $232K | — | View 990 |
| 2017 | $939K | $1.2M | $664K | $345K | — | View 990 |
| 2016 | $1.2M | $1.1M | $1.0M | $447K | — | View 990 |
| 2015 | $788K | $893K | $1.1M | $543K | — | View 990 |
| 2014 | $914K | $805K | $726K | $118K | — | View 990 |
| 2013 | $850K | $852K | $1.1M | $623K | — | View 990 |
| 2012 | $858K | $777K | $1.0M | $536K | — | View 990 |
| 2011 | $860K | $777K | $930K | $511K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $1.0M, and assets of $2.4M (revenue +13.4% year-over-year).
- 2023: Revenue of $1.5M, expenses of $1.0M, and assets of $1.7M (revenue -2.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $969K, and assets of $1.2M (revenue -12.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.2M, and assets of $709K (revenue +57.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.3M, and assets of $176K (revenue +6.9% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.3M, and assets of $364K (revenue -5.9% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $602K (revenue +17.8% year-over-year).
- 2017: Revenue of $939K, expenses of $1.2M, and assets of $664K (revenue -19.8% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $1.0M (revenue +48.7% year-over-year).
- 2015: Revenue of $788K, expenses of $893K, and assets of $1.1M (revenue -13.8% year-over-year).
- 2014: Revenue of $914K, expenses of $805K, and assets of $726K (revenue +7.5% year-over-year).
- 2013: Revenue of $850K, expenses of $852K, and assets of $1.1M (revenue -0.9% year-over-year).
- 2012: Revenue of $858K, expenses of $777K, and assets of $1.0M (revenue -0.3% year-over-year).
- 2011: Revenue of $860K, expenses of $777K, and assets of $930K.
Data Sources and Methodology
This transparency report for Upstate New York Engineers Sub Fund 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.