NTEE code Z99 provides limited insight into specific charitable activities without further investigation.
Strengths
Consistent positive net income in most years (e.g., $678,786 in 2023, $860,852 in 2022), indicating financial stability.
Zero reported officer compensation across all filings, suggesting high efficiency in leadership costs.
Substantial and stable asset base (e.g., $100,547,151 in 2023), providing a strong financial foundation.
Consistent filing of IRS Form 990s, demonstrating transparency.
Spending Breakdown
How 50 Broadway Realty Corp allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 50 Broadway Realty Corp
Is 50 Broadway Realty Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, 50 Broadway Realty Corp (EIN: 20555262) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is 50 Broadway Realty Corp a good charity to donate to?
50 Broadway Realty Corp has a Mission Score of 85/100. Revenue: $19.3M. Assets: $97.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for 50 Broadway Realty Corp?
The Employer Identification Number (EIN) for 50 Broadway Realty Corp is 20555262. 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 50 Broadway Realty Corp spend its money?
50 Broadway Realty Corp allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify 50 Broadway Realty Corp's tax-exempt status?
You can verify 50 Broadway Realty Corp's tax-exempt status using EIN 20555262 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
50 Broadway Realty Corp appears to be a supporting organization, as indicated by its NTEE code Z99 and its financial structure. Its primary function seems to be holding and managing real estate assets, with consistent revenue streams largely covering expenses over the past decade. The organization consistently reports zero officer compensation, which is a notable aspect of its financial management and transparency. While its assets have fluctuated, they remain substantial, indicating a stable financial base. The organization's consistent filing of IRS Form 990s demonstrates a commitment to transparency regarding its financial operations.
Given its nature as a realty corporation, the traditional metrics of program spending efficiency for direct charitable services may not directly apply. Instead, its efficiency would be measured by its ability to maintain and manage its assets effectively to support its parent or supported organization. The consistent positive net income in most years, such as $678,786 in 2023 and $860,852 in 2022, suggests sound financial management in generating revenue exceeding operational costs. The organization's liabilities are significant, but appear to be managed in relation to its substantial asset base.