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Education · 2023 Form 990

Carnegie Corporation Of New York: $548.7M Revenue, $221.1M Expenses

New York, New York · EIN 131628151 · Filing year 2023

Carnegie Corporation Of New York reported $548.7M in total revenue, $221.1M in total expenses, and $4.1B in total assets on its 2023 IRS Form 990. Current-officer compensation is not separately reported on this 990 filing. NonprofitTruth efficiency grade: C (54/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
54/100

Key Facts (2023 Form 990)

Total Revenue
$548.7M
Total Expenses
$221.1M
Total Assets
$4.1B
Reserve Months
222.4 months
Surplus / (Deficit)
$327.6M
EIN
131628151
Latest 990 Year
2023
Current-Officer Compensation
Not reported
Officer Comp % of Revenue
N/A

The composite efficiency score of 54/100 puts Carnegie Corporation Of New York at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).

Annual revenue at Carnegie Corporation Of New York runs $548.7M (2023), placing it among the larger U.S. nonprofits in the IRS Form 990 dataset. Reserves are the limiting factor: Carnegie Corporation Of New York carries relatively few months of operating expenses on its balance sheet, which can leave an organization exposed if a major funding source pauses.

Revenue has grown meaningfully across the five-year filing history — a sign of expanding donor base, new grants, or scaling programs. Carnegie Corporation Of New York reported $548.7M in 2023, up notably from the start of the window. Current-officer compensation is not separately reported in the filing — typical for nonprofits where leadership is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. In the Education category, Carnegie Corporation Of New York sits alongside universities, K-12 systems, scholarship funds, and education-research organizations. Education-sector nonprofits often hold large endowments, which affects how the reserves-and-revenue figures should be read.


$548.7M
Revenue
$221.1M
Expenses
$4.1B
Total Assets
N/A
Officer Compensation

How Carnegie Corporation Of New York Compares

Carnegie Corporation Of New York earns a NonprofitTruth efficiency grade of C (54/100). That is 10 points below the Education category average. The organization holds 222.4 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$221.1M
Total Expenses
Filing year 2023
Not reported
Officer Compensation
on this 990
222.4 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Carnegie Corporation Of New York reported $548.7M in revenue against $221.1M in total functional expenses for filing year 2023, holding roughly 222.4 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

Trend

Revenue History

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Carnegie Corporation Of New York has a NonprofitTruth Efficiency Score of C (54/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Carnegie Corporation Of New York, Donor FAQ

Carnegie Corporation Of New York has a NonprofitTruth Efficiency Score of C (54/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Current-officer compensation for Carnegie Corporation Of New York is not separately reported in the most recent IRS Form 990 on file. This is common when leadership is paid through a related entity or the organization files a short-form return.

Carnegie Corporation Of New York reported $548.7M in annual revenue and $221.1M in total expenses for filing year 2023. The organization holds $4.1B in total assets.

Carnegie Corporation Of New York holds approximately 222.4 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Carnegie Corporation Of New York is a registered 501(c) organization with EIN 131628151, based in New York, New York. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.