Quick charity verification for 163 Rd Street Improvement Council Inc (EIN: 132564957)
Verdict: 163 Rd Street Improvement Council Inc appears trustworthy
70/100Mission Score
$13.2MRevenue
$23.1MAssets
2Red Flags
3Strengths
Red Flags
Consistent deficit spending (expenses exceeding revenue) across multiple years, e.g., $7,874,158 expenses vs. $7,577,686 revenue in 2023.
Significant fluctuation in assets and liabilities over the years, indicating potential instability or large project-based financial movements.
Strengths
Significant growth in revenue, from $2.6 million in 2015 to over $7.5 million in 2023, indicating increasing operational scale and donor/grantor confidence.
Consistently reports 0% officer compensation, suggesting high efficiency in leadership costs or a volunteer-driven executive team.
Maintains substantial assets ($10,197,441 in 2023), providing a financial cushion despite deficit spending.
Spending Breakdown
How 163 Rd Street Improvement Council 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 163 Rd Street Improvement Council Inc
Is 163 Rd Street Improvement Council Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 163 Rd Street Improvement Council Inc (EIN: 132564957) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is 163 Rd Street Improvement Council Inc a good charity to donate to?
163 Rd Street Improvement Council Inc has a Mission Score of 70/100. Revenue: $13.2M. Assets: $23.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for 163 Rd Street Improvement Council Inc?
The Employer Identification Number (EIN) for 163 Rd Street Improvement Council Inc is 132564957. 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 163 Rd Street Improvement Council Inc spend its money?
163 Rd Street Improvement Council Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify 163 Rd Street Improvement Council Inc's tax-exempt status?
You can verify 163 Rd Street Improvement Council Inc's tax-exempt status using EIN 132564957 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
163 Rd Street Improvement Council Inc has demonstrated significant growth in recent years, with revenue increasing from $2.6 million in 2015 to over $7.5 million in 2023. However, the organization consistently reports expenses exceeding revenue, as seen in 2023 where expenses were $7,874,158 against revenues of $7,577,686. This trend of operating at a deficit is a concern for long-term financial stability, although the organization maintains substantial assets, reported at $10,197,441 in 2023. The organization's liabilities have also fluctuated, showing a notable increase in earlier years before stabilizing and then decreasing in the most recent filing.
The organization's transparency is commendable regarding executive compensation, consistently reporting 0% for officer compensation across all available filings. This indicates either a volunteer-led executive team or compensation structured in a way that isn't categorized as officer compensation on the 990, which would warrant further investigation for clarity. The NTEE code L200 suggests a focus on community improvement and neighborhood development, aligning with its name. The consistent deficit spending, however, raises questions about the sustainability of its operations without drawing down on assets or securing additional funding sources.
While the organization has grown its operational scale, the persistent deficit spending, where expenses consistently outpace revenue, is a key financial health indicator to monitor. For instance, in 2023, the organization spent approximately $296,472 more than it brought in. This pattern, if continued, could erode its asset base over time. The lack of reported officer compensation is a positive transparency signal, but a deeper dive into how leadership is compensated, if at all, would provide a more complete picture.