Governors Island Corporation
10 South Street Slip 7, New York, NY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $65,325,995 | $56,314,805 | $341,739,669 |
| FY2024 | $66,092,062 | $57,496,596 | $332,672,184 |
| FY2023 | $65,206,529 | $54,135,369 | $323,921,862 |
| FY2022 | $44,688,095 | $46,497,602 | $312,901,230 |
| FY2021 | $30,303,739 | $43,797,262 | $313,347,185 |
| FY2020 | $29,173,700 | $41,461,042 | $326,836,346 |
| FY2019 | $37,007,847 | $42,000,369 | $339,121,897 |
| FY2018 | $42,260,430 | $41,732,986 | $344,150,130 |
| FY2017 | $44,846,229 | $35,177,690 | $343,648,823 |
| FY2016 | $54,287,036 | $30,347,240 | $333,980,284 |
| FY2015 | $82,898,921 | $26,309,801 | $310,040,488 |
| FY2014 | $116,469,105 | $16,057,248 | $253,451,368 |
| FY2013 | $113,185,776 | $13,796,600 | $153,039,511 |
| FY2012 | $38,058,297 | $13,495,556 | $53,650,335 |
Form 990 filings
The returns filed by Governors Island Corporation (EIN 27-2683349), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $55,283,313 | 85% |
| Program service revenue | $9,631,230 | 15% |
| Other revenue | $411,452 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $48,299,448 | 86% |
| Management & general | $7,947,834 | 14% |
| Fundraising | $67,523 | <1% |
What the numbers show
- Contributions & grants made up 85% of total revenue in FY2025.
- Program services accounted for 86% of functional expenses, management & general 14%, and fundraising 0%.
- 86% of functional expenses went to program services in FY2025. That is higher than 71% of 241 Animal-Related organizations nationwide (too few in NY for a state comparison).
- Net assets covered about 72.8 months of expenses at the end of the reporting year. That puts it in the 87th percentile among 687 Animal-Related organizations in NY.
- Total revenue was higher than 99.6% of 698 Animal-Related organizations in NY.
- Total revenue rose from $38,058,297 in FY2012 to $65,325,995 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2019, FY2020, FY2021, FY2022).
- The highest revenue on record here is $116,469,105 in FY2014.
- Net assets grew from $53,650,335 to $341,739,669 between FY2012 and FY2025.
- Contributions and grants made up 96% of revenue in FY2012 and 85% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE TRUST FOR GOVERNORS ISLAND (THE "TRUST OR "TGI") IS A NONPROFIT CORPORATION CREATED BY THE CITY OF NEW YORK CHARGED WITH THE PLANNING, REDEVELOPMENT AND ONGOING OPERATIONS OF 150 ACRES OF GOVERNORS ISLAND.
IRS status
| Ruling year | 2010 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | D30 — Animal-Related |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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