Is 1199 Seiu Greater New York Worker Participation Fund Inc Legit?
Quick charity verification for 1199 Seiu Greater New York Worker Participation Fund Inc (EIN: 134079917)
Verdict: 1199 Seiu Greater New York Worker Participation Fund Inc appears trustworthy
90/100Mission Score
$4.0MRevenue
$5.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue generation, with 2023 revenue at $4,401,654.
Strong asset growth, increasing from $4,564,859 in 2014 to $6,456,314 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
Manageable liabilities relative to assets, with liabilities at $1,269,204 against assets of $6,456,314 in 2023.
Positive net income in recent years, such as a $549,830 surplus in 2023 ($4,401,654 revenue - $3,851,824 expenses).
Spending Breakdown
How 1199 Seiu Greater New York Worker Participation Fund Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about 1199 Seiu Greater New York Worker Participation Fund Inc
Is 1199 Seiu Greater New York Worker Participation Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 1199 Seiu Greater New York Worker Participation Fund Inc (EIN: 134079917) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is 1199 Seiu Greater New York Worker Participation Fund Inc a good charity to donate to?
1199 Seiu Greater New York Worker Participation Fund Inc has a Mission Score of 90/100. Revenue: $4.0M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for 1199 Seiu Greater New York Worker Participation Fund Inc?
The Employer Identification Number (EIN) for 1199 Seiu Greater New York Worker Participation Fund Inc is 134079917. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does 1199 Seiu Greater New York Worker Participation Fund Inc spend its money?
1199 Seiu Greater New York Worker Participation Fund Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify 1199 Seiu Greater New York Worker Participation Fund Inc's tax-exempt status?
You can verify 1199 Seiu Greater New York Worker Participation Fund Inc's tax-exempt status using EIN 134079917 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
1199 Seiu Greater New York Worker Participation Fund Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $3.2 million annually. The organization has shown a positive trend in net assets, growing from $4.5 million in 2014 to $6.4 million in 2023, indicating sound financial management and accumulation of reserves. While expenses have fluctuated, they generally align with revenue, with the organization often operating with a surplus, as seen in 2023 where revenue of $4,401,654 exceeded expenses of $3,851,824. This suggests a capacity to fund its operations and potentially expand programs.
The organization's spending efficiency appears reasonable, though a detailed breakdown of program vs. administrative vs. fundraising expenses is not explicitly provided in the summary data. However, the consistent growth in assets and the absence of reported officer compensation suggest a focus on mission and efficient use of funds. The organization's liabilities have remained manageable relative to its assets, indicating a healthy balance sheet. The lack of reported officer compensation is a significant positive indicator for transparency and efficient resource allocation.
Overall, the financial health of 1199 Seiu Greater New York Worker Participation Fund Inc appears robust. The consistent revenue, growing asset base, and absence of officer compensation point to a well-managed and mission-focused entity. Further analysis of detailed functional expenses would provide a more precise understanding of spending efficiency, but the available data suggests a responsible approach to financial stewardship.