Assets
Cash, cash equivalents, and restricted cash
28,809
29,985
Investments
384,714
329,865
Trade receivables, net
7,211
8,433
Auto test inventory
2,399
2,925
Grants and other receivables
664
2,536
Prepaid expenses and other current assets
8,136
7,667
Total current assets
432,984
382,058
Property, equipment and software, net
50,607
50,317
Investments—long term
33,697
33,872
Right-of-use assets
1,166
802
Total assets
527,509
474,492
Liabilities and Net Assets
Current liabilities
2026
2025
Accounts payable and accrued liabilities
14,612
14,525
Accrued compensation
15,850
9,845
Deferred revenue
88,558
90,181
Current portion of operating lease liabilities
639
236
Total current liabilities
119,659
114,787
Deferred revenue—long term
9,617
9,834
Operating lease liabilities
710
773
Other liabilities
19,808
17,732
Total liabilities
149,794
143,126
Net Assets
Without donor restrictions
373,931
325,592
With donor restrictions
3,784
5,774
Total net assets
377,715
331,366
Total liabilities and net assets
527,509
474,492
Change in net assets without donor restrictions
Revenue and support
Subscriptions, newsstand, and other sales
209,217
208,333
Contributions
32,119
32,531
Net assets released from restrictions
5,692
3,558
Total revenue and support
247,028
244,422
Publication, promotion, and marketing expenses
Content development
99,940
97,444
Production and distribution
39,776
42,977
Promotion and marketing
62,485
56,173
Total publishing, promotion, and marketing
202,201
196,594
Consumer advocacy and education
14,141
12,164
General and administrative
32,291
24,916
Fundraising
11,174
10,536
Total operating and other expenses
259,807
244,210
Total operating (loss) gain
(12,779)
212
Investment gain, net
58,093
31,984
Change in value of split-interest agreements
(162)
(389)
Other pension costs/expenses
(12)
(436)
Total nonoperating gain
61,118
31,159
Increase in net assets without donor restrictions
48,339
31,371
Change in net assets with donor restrictions
Grants received
3,682
6,396
Net assets released from restrictions
(5,692)
(3,558)
Change in value of split-interest agreements
20
88
(Decrease) increase in net assets with donor restrictions
(1,990)
2,926
Increase in net assets
46,349
34,297
Net assets at beginning of year
331,366
297,069
Net assets at end of year
377,715
331,366
Pursuant to Section 519 of the New York Not-For-Profit Law, the total number of Members of the Corporation as of May 31, 2026 is 4,224,457. This is approximately 8% fewer members than on May 31, 2025. The names and places of residence of the current Members of the Corporation may be found at the Corporation’s offices in Yonkers, New York.