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The New York Milk Bank Inc

EIN 01-0934160 · Valhalla, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood89 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE NEW YORK MILK BANK IS DEDICATED TO IMPROVING THE HEALTH AND SURVIVAL OF INFANTS IN NEED BY PROVIDING THEM WITH SAFELY PASTEURIZED DONOR HUMAN MILK WHEN THEIR MOTHERS' OWN MILK IS UNAVAILABLE OR INSUFFICIENT.

Income
$2.1 million
Spending
$1.6 million
Spent on programs
83%
Reserves
10.4 months of spending
Largest source of income
fees for its services, 89%
Employees
13
Volunteers
55
Highest pay
$176,525, executive di

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 89 out of 100. Higher than 73% of charities in its peer group (health care, $1m to $10m).

  • Reserves

    28 of 35

    Spendable reserves would cover 10.4 months of spending.

  • Debt

    16 of 20

    It owes 20% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 23% of income.

  • Income trend

    15 of 15

    Income rose 18% on the year before.

  • Spending floor

    15 of 15

    83% of spending went to programs and raising each dollar of donations cost 23 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 67% of charities in its peer group (health care, $1m to $10m).

  • Independent board

    25 of 25

    13 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.3 million spent. IN 2024, THE NEW YORK MILK BANK (NYMB) CONTINUED TO FULFILL ITS MISSION OF PROVIDING SAFELY PASTEURIZED DONOR HUMAN MILK (PDHM) TO PREMATURE AND MEDICALLY FRAGILE BABIES IN NICU'S ACROSS NEW YORK STATE AS WELL AS IN NEW JERSEY AND CONNECTICUT. DEMAND FOR PDHM CONTINUED TO EXPAND IN 2024. THE NYMB SAW GROWTH OF APPROXIMATELY 20% IN DISPENSING COMPARED TO 2023 AND COMPLETED THE YEAR HAVING WORKED WITH 53 HOSPITALS AND DIRECTLY SUPPORTED OVER 300 OUTPATIENTS THROUGHOUT THE REGION. THIS WAS ACCOMPANIED BY 9% GROWTH IN THE VOLUME OF MILK DONATIONS COLLECTED WITH OVER 1200 GENEROUS DONATIONS RECEIVED FROM APPROXIMATELY 540 DONORS. IN 2024, THE NYMB MAINTAINED 30 MILK DEPOTS WHICH ARE COLLECTION SITES LOCATED THROUGHOUT NY STATE AND NJ FOR APPROVED DONORS TO DROP OFF THEIR DONATIONS. ADDITIONALLY, TO PROMOTE THE USE OF DONOR MILK IN THE HOSPITAL SETTING FOR PREMATURE BABIES, NYMB CONTINUED TO DELIVER REMOTE PRESENTATIONS TO HOSPITAL STAFF. WITH ITS STRONG SOCIAL MEDIA PRESENCE NYMB CONTINUED TO COMMUNICATE TO THE PUBLIC TO DONATE AND RECEIVE THIS LIFE SAVING MILK. IN ADDITION TO COLLECTING AND DISPENSING DONOR MILK, NYMB PLAYED A POSITIVE ROLE WITHIN THE COMMUNITY BY PROVIDING OPPORTUNUTIES FOR VOLUNTEERS TO ASSIST OUR STAFF WITH TASKS IMPORTANT TO THE FUNCTIONING OF THE MILK BANK. NYMB DONATED DOZENS OF NEW MOTHER GIFTS TO FAMILIES IN NEED ACCROSS THE TRI-STATE AREA. IN 2024, THE NEW YORK MILK BANK (NYMB) CONTINUED TO FULFILL ITS MISSION OF PROVIDING SAFELY PASTEURIZED DONOR HUMAN MILK (PDHM) TO PREMATURE AND MEDICALLY FRAGILE BABIES IN NICU'S ACROSS NEW YORK STATE AS WELL AS IN NEW JERSEY AND CONNECTICUT. DEMAND FOR PDHM CONTINUED TO EXPAND IN 2024. THE NYMB SAW GROWTH OF APPROXIMATELY 20% IN DISPENSING COMPARED TO 2023 AND COMPLETED THE YEAR HAVING WORKED WITH 53 HOSPITALS AND DIRECTLY SUPPORTED OVER 300 OUTPATIENTS THROUGHOUT THE REGION. THIS WAS ACCOMPANIED BY 9% GROWTH IN THE VOLUME OF MILK DONATIONS COLLECTED WITH OVER 1200 GENEROUS DONATIONS RECEIVED FROM APPROXIMATELY 540 DONORS. IN 2024, THE NYMB MAINTAINED 30 MILK DEPOTS WHICH ARE COLLECTION SITES LOCATED THROUGHOUT NY STATE AND NJ FOR APPROVED DONORS TO DROP OFF THEIR DONATIONS. ADDITIONALLY, TO PROMOTE THE USE OF DONOR MILK IN THE HOSPITAL SETTING FOR PREMATURE BABIES, NYMB CONTINUED TO DELIVER REMOTE PRESENTATIONS TO HOSPITAL STAFF. WITH ITS STRONG SOCIAL MEDIA PRESENCE NYMB CONTINUED TO COMMUNICATE TO THE PUBLIC TO DONATE AND RECEIVE THIS LIFE SAVING MILK. IN ADDITION TO COLLECTING AND DISPENSING DONOR MILK, NYMB PLAYED A POSITIVE ROLE WITHIN THE COMMUNITY BY PROVIDING OPPORTUNUTIES FOR VOLUNTEERS TO ASSIST OUR STAFF WITH TASKS IMPORTANT TO THE FUNCTIONING OF THE MILK BANK. NYMB DONATED DOZENS OF NEW MOTHER GIFTS TO FAMILIES IN NEED ACCROSS THE TRI-STATE AREA.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2012 for not filing returns for three years, and reinstated on May 15, 2012.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2014.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.