World Trade Centers Association Inc
World Trade Centers Association Inc. shows consistent asset growth despite fluctuating revenues and a recent operating deficit.
EIN: 132644507 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.6M |
| Total Expenses | $6.9M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $23 |
| Net Assets | $22.1M |
| Transparency Score | 75/100 |
Is World Trade Centers Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
World Trade Centers Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About World Trade Centers Association Inc
World Trade Centers Association Inc (EIN: 132644507) is a nonprofit organization based in New York, NY. The organization reported total revenue of $15.6M and total assets of $24.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Trade Centers Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
World Trade Centers Association Inc is a large nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $6.9M |
| Surplus / Deficit | $-547,158 |
| Total Assets | $23.9M |
| Total Liabilities | $1.8M |
| Net Assets | $22.1M |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 7.5% |
| Months of Reserves | 41.2 months |
Financial Health Grade: B
In 2023, World Trade Centers Association Inc reported a deficit of $547K with expenses exceeding revenue, holds 41.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), World Trade Centers Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.6% | +31.1% | +1.5% |
| 2022 | -1.4% | +10.7% | +0.9% |
| 2021 | +16.2% | +8.2% | +16.6% |
| 2020 | +10.8% | -33.2% | +13.2% |
| 2019 | -38.1% | -6.3% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 World Trade Centers Association Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, World Trade Centers Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $547K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers do not receive compensation directly from the nonprofit, which is highly unusual for an organization of its size with assets exceeding $23 million.
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 World Trade Centers Association Inc's IRS 990 filings:
- Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by over $500,000.
- Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is reported elsewhere or through related entities, warranting further investigation.
Strengths
The following positive indicators were identified for World Trade Centers Association Inc:
- Consistent asset growth over the past decade, indicating strong financial management and accumulation of resources.
- Low liabilities relative to assets, demonstrating good financial solvency and a healthy balance sheet.
- Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency and compliance.
- Positive operating surpluses in multiple recent years (e.g., 2022 and 2021), showing effective revenue generation and expense management in those periods.
Frequently Asked Questions about World Trade Centers Association Inc
Is World Trade Centers Association Inc a legitimate charity?
World Trade Centers Association Inc (EIN: 132644507) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $15.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does World Trade Centers Association Inc spend its money?
World Trade Centers Association Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to World Trade Centers Association Inc tax-deductible?
World Trade Centers Association Inc is registered as a tax-exempt nonprofit (EIN: 132644507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the World Trade Centers Association Inc CEO make?
World Trade Centers Association Inc's highest-compensated officer earns $23 annually. The organization reported $15.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of World Trade Centers Association Inc's spending goes to programs?
World Trade Centers Association Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is World Trade Centers Association Inc located?
World Trade Centers Association Inc is headquartered in New York, New York and files with the IRS under EIN 132644507.
How many years of IRS 990 filings does World Trade Centers Association Inc have?
World Trade Centers Association Inc 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 $15.6M in total revenue.
Is World Trade Centers Association Inc. financially stable?
Yes, the organization appears financially stable with growing assets, reaching $23,857,209 in 2023, and relatively low liabilities, despite experiencing an operating deficit in 2023 where expenses ($6,949,880) exceeded revenue ($6,402,722).
How does World Trade Centers Association Inc. manage executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, suggesting that its officers are not directly compensated by the nonprofit.
Has World Trade Centers Association Inc. been growing?
Yes, the organization's assets have shown consistent growth over the past decade, increasing from $18,794,152 in 2014 to $23,857,209 in 2023.
Did World Trade Centers Association Inc. operate at a surplus or deficit recently?
In 2023, the organization operated at a deficit, with expenses of $6,949,880 exceeding revenue of $6,402,722. However, in 2022 and 2021, it operated at a surplus.
Filing History
IRS 990 filing history for World Trade Centers Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), World Trade Centers Association Inc's revenue has declined by 9.5%, moving from $7.1M to $6.4M. Total assets increased by 67.9% over the same period, from $14.2M to $23.9M. Total functional expenses rose by 18.2%, from $5.9M to $6.9M. In its most recent filing year (2023), World Trade Centers Association Inc reported a deficit of $547K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $23.9M in assets (debt-to-asset ratio: 7.5%), resulting in net assets of $22.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $6.9M | $23.9M | $1.8M | — | View 990 |
| 2022 | $7.1M | $5.3M | $23.5M | $2.0M | — | — |
| 2021 | $7.2M | $4.8M | $23.3M | $1.3M | — | View 990 |
| 2020 | $6.2M | $4.4M | $20.0M | $806K | — | — |
| 2019 | $5.6M | $6.6M | $17.6M | $1.4M | — | — |
| 2018 | $9.0M | $7.1M | $17.2M | $1.4M | — | View 990 |
| 2017 | $8.8M | $9.0M | $17.9M | $2.2M | — | View 990 |
| 2016 | $5.8M | $8.4M | $17.8M | $2.9M | — | View 990 |
| 2015 | $8.1M | $7.4M | $19.2M | $1.6M | — | View 990 |
| 2014 | $7.9M | $7.8M | $18.8M | $1.1M | — | View 990 |
| 2013 | $9.2M | $7.8M | $19.1M | $1.2M | — | View 990 |
| 2012 | $7.7M | $6.2M | $16.3M | $1.6M | — | View 990 |
| 2011 | $7.1M | $5.9M | $14.2M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $6.9M, and assets of $23.9M (revenue -9.6% year-over-year).
- 2022: Revenue of $7.1M, expenses of $5.3M, and assets of $23.5M (revenue -1.4% year-over-year).
- 2021: Revenue of $7.2M, expenses of $4.8M, and assets of $23.3M (revenue +16.2% year-over-year).
- 2020: Revenue of $6.2M, expenses of $4.4M, and assets of $20.0M (revenue +10.8% year-over-year).
- 2019: Revenue of $5.6M, expenses of $6.6M, and assets of $17.6M (revenue -38.1% year-over-year).
- 2018: Revenue of $9.0M, expenses of $7.1M, and assets of $17.2M (revenue +2.0% year-over-year).
- 2017: Revenue of $8.8M, expenses of $9.0M, and assets of $17.9M (revenue +51.5% year-over-year).
- 2016: Revenue of $5.8M, expenses of $8.4M, and assets of $17.8M (revenue -28.1% year-over-year).
- 2015: Revenue of $8.1M, expenses of $7.4M, and assets of $19.2M (revenue +2.6% year-over-year).
- 2014: Revenue of $7.9M, expenses of $7.8M, and assets of $18.8M (revenue -14.3% year-over-year).
- 2013: Revenue of $9.2M, expenses of $7.8M, and assets of $19.1M (revenue +19.1% year-over-year).
- 2012: Revenue of $7.7M, expenses of $6.2M, and assets of $16.3M (revenue +9.6% year-over-year).
- 2011: Revenue of $7.1M, expenses of $5.9M, and assets of $14.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for World Trade Centers Association Inc:
Data Sources and Methodology
This transparency report for World Trade Centers Association 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.