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The New York Community Trust

EIN 13-3062214 · New York, NY

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

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

WE FOSTER & ENGAGE IN ENDURING AND INNOVATIVE PHILANTHROPY WITH A VISION (CONTINUED ON SCHEDULE O).

Income
$322.6 million
Spending
$252.3 million
Spent on programs
84%
Reserves
Over 10 years of spending
Largest source of income
investment income, 65%
Employees
86
Volunteers
42
Highest pay
$1.0 million, president

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

Strong: 100 out of 100. Higher than 52% of charities in its peer group (philanthropy, over $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover more than ten years of spending.

  • Debt

    20 of 20

    It owes 2% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 22% of income.

  • Income trend

    15 of 15

    Income rose 14% on the year before.

  • Spending floor

    15 of 15

    84% of spending went to programs and raising each dollar of donations cost 4 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 38% of charities in its peer group (philanthropy, over $100m).

  • Independent board

    25 of 25

    13 of 13 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. $212.6 million spent. OUR COMPETITIVE GRANTS SEEK TO PROMOTE HEALTHY LIVES, EXPAND OPPORTUNITIES, STRENGTHEN FAMILIES, AND CREATE STRONG, VITAL COMMUNITIES. OUR GOVERNING BOARD HAS IDENTIFIED FOUR CATEGORIES OF ACTIVITY TO CARRY OUT THESE OBJECTIVES. THEY ARE SUMMARIZED IN SCHEDULE O. HEALTHY LIVES WE'RE HELPING HEALTH CARE PROVIDERS DELIVER HIGH-QUALITY, COORDINATED, AND COST-EFFECTIVE SERVICES TO ALL NEW YORKERS. THE TRUST MADE $12.4 MILLION IN GRANTS TO SUPPORT PROJECTS THAT HELPED PROVIDERS COORDINATE HEALTH, BEHAVIORAL HEALTH, AND SOCIAL SERVICES, INCREASE BEHAVIORAL HEALTH CARE FOR IMMIGRANT WOMEN AND OLDER ADULTS, AND INCREASE ACCESS TO TRANSPORTATION AND THE ARTS FOR PEOPLE WITH DISABILITIES. PROMISING FUTURES WE MADE GRANTS TOTALING $25.4 MILLION TO BUILD PROMISING FUTURES BY HELPING YOUNG PEOPLE PROSPER; PROVIDING JOB TRAINING AND PLACEMENT; MAKING OUR EDUCATIONAL AND JUSTICE SYSTEMS WORK FOR EVERYONE; ALLEVIATING HUNGER AND HOMELESSNESS; AND IMPROVING FAMILY AND CHILD WELFARE SERVICES. IN PARTICULAR, GRANTS HELPED LOCAL WORKFORCE DEVELOPMENT PROGRAMS SECURE PUBLIC FUNDS, DEVELOPED YOUNG LEADERS, IMPROVED READING INSTRUCTION IN PUBLIC ELEMENTARY SCHOOLS, AND PROVIDED LEGAL AND OTHER HELP TO THE CITY'S IMMIGRANTS. THRIVING COMMUNITIES WE MADE $20.2 MILLION IN GRANTS TO GROUPS THAT PROTECT AND CREATE AFFORDABLE HOUSING, PROMOTE EQUITY IN THE ARTS, IMPROVE CIVIC ENGAGEMENT, AND PROTECT OUR ENVIRONMENT. WE ALSO SUPPORT EFFORTS TO IMPROVE THE FUNCTIONING OF NONPROFITS AND GOVERNMENT, INCLUDING ENCOURAGING LIVING WAGES FOR HUMAN SERVICE WORKERS. GRANTS CONTINUED TO HELP ARTS NONPROFITS WORK TOGETHER TO INCREASE AND COORDINATE RESOURCES, PASS ZONING REFORMS TO ENCOURAGE AFFORDABLE HOUSING DEVELOPMENT, AND REDUCE CLIMATE POLLUTION AS WELL AS PROMOTE CLEAN ENERGY. SPECIAL PROJECTS AND PHILANTHROPY WE MADE $3.4 MILLION IN GRANTS TO ADDRESS UNMET NEEDS, AND LEVERAGE SUPPORT FOR EMERGING ISSUES. GRANTS HELPED STABILIZE NONPROFITS WITH FLEXIBLE FUNDING, AND AS A LEADING COMMUNITY FOUNDATION, OUR ACTIVE PARTICIPATION IN ASSOCIATIONS OF GRANTMAKERS AND CHARITABLE NETWORKS, OUR COOPERATIVE PROJECTS WITH OTHER FOUNDATIONS, AND OUR CONTINUING DIALOGUE WITH FEDERAL, STATE, AND LOCAL GOVERNMENT OFFICIALS, HELP ASSURE THAT OUR RESOURCES ARE USED STRATEGICALLY.

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 October 13, 2026.

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

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 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 October 13, 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 October 13, 2026.

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

    Recognized by the IRS since March 1959.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 21, 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.