Quick charity verification for 1332 Fulton Avenue Day Care Center Inc (EIN: 132690309)
Verdict: 1332 Fulton Avenue Day Care Center Inc appears trustworthy
85/100Mission Score
$2.1MRevenue
$399KAssets
2Red Flags
4Strengths
Red Flags
Significant and consistent decline in revenue over the past five years, from $6.2 million in 2019 to $3.4 million in 2023, indicating potential operational challenges or reduced program scope.
Consistent reporting of 0% officer compensation, which, while seemingly positive, can sometimes indicate that executive compensation is being paid by a related entity or through non-traditional means, warranting further scrutiny for full transparency.
Strengths
Consistent reporting of 0% officer compensation, suggesting a strong commitment to directing funds towards program services rather than executive salaries.
Achieved an operational surplus of $341,175 in 2023, demonstrating effective financial management despite declining revenues.
Increased net assets from $759,921 in 2022 to $1,187,644 in 2023, indicating improved financial health and asset accumulation.
Long history of IRS 990 filings (13 filings), demonstrating a commitment to transparency and regulatory compliance.
Spending Breakdown
How 1332 Fulton Avenue Day Care Center Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 1332 Fulton Avenue Day Care Center Inc
Is 1332 Fulton Avenue Day Care Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 1332 Fulton Avenue Day Care Center Inc (EIN: 132690309) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is 1332 Fulton Avenue Day Care Center Inc a good charity to donate to?
1332 Fulton Avenue Day Care Center Inc has a Mission Score of 85/100. Revenue: $2.1M. Assets: $399K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for 1332 Fulton Avenue Day Care Center Inc?
The Employer Identification Number (EIN) for 1332 Fulton Avenue Day Care Center Inc is 132690309. 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 1332 Fulton Avenue Day Care Center Inc spend its money?
1332 Fulton Avenue Day Care Center Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify 1332 Fulton Avenue Day Care Center Inc's tax-exempt status?
You can verify 1332 Fulton Avenue Day Care Center Inc's tax-exempt status using EIN 132690309 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
1332 Fulton Avenue Day Care Center Inc has experienced a significant decline in revenue and corresponding expenses over the past five years, from $6,253,511 in 2019 to $3,401,619 in 2023. This trend suggests a contraction in operations. Despite this, the organization has consistently reported zero officer compensation, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. The organization's assets have fluctuated, showing a recent increase from $759,921 in 2022 to $1,187,644 in 2023, which is a healthy sign after a period of decline.
While the organization's financial health shows some volatility, particularly with the revenue decline, its consistent operational surpluses in recent years (e.g., $341,175 in 2023) indicate effective management of its reduced budget. The absence of officer compensation enhances its spending efficiency, as more funds are available for program delivery. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging.
In terms of transparency, the consistent filing of IRS Form 990s over many years demonstrates a commitment to public disclosure. The zero officer compensation is a transparent practice that aligns with a focus on mission. To further enhance transparency, providing a more granular breakdown of expenses beyond the high-level revenue and expense figures would be beneficial for stakeholders.