Liabilities consistently exceed assets in recent periods (e.g., $154.7M liabilities vs. $136.2M assets in 2023)
Dramatic, unexplained increase in both assets and liabilities in the latest filing period
Strengths
Consistent reporting of 0% officer compensation, indicating transparency in this area
Spending Breakdown
How 52 Broadway Realty Corp allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
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 52 Broadway Realty Corp
Is 52 Broadway Realty Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, 52 Broadway Realty Corp (EIN: 20555237) has notable concerns. Mission Score: 20/100. 4 red flags identified, 1 strength noted.
Is 52 Broadway Realty Corp a good charity to donate to?
52 Broadway Realty Corp has a Mission Score of 20/100. Revenue: $12.1M. Assets: $136.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for 52 Broadway Realty Corp?
The Employer Identification Number (EIN) for 52 Broadway Realty Corp is 20555237. 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 52 Broadway Realty Corp spend its money?
52 Broadway Realty Corp allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify 52 Broadway Realty Corp's tax-exempt status?
You can verify 52 Broadway Realty Corp's tax-exempt status using EIN 20555237 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
52 Broadway Realty Corp consistently reports significant operating deficits, with expenses regularly exceeding revenue by a substantial margin. For instance, in 2023, expenses were $24,890,907 against revenues of $13,595,227, indicating a deficit of over $11 million. This trend is consistent across all reported periods, suggesting a reliance on other funding sources or a specific financial model that is not fully captured by the revenue figures alone. The organization's assets have seen a dramatic increase in the latest period, jumping from $48,356,430 in 2022 to $136,293,468 in 2023, while liabilities also increased significantly from $65,474,108 to $154,799,674. This substantial increase in both assets and liabilities warrants further investigation to understand the nature of these changes and their impact on the organization's long-term financial stability. The NTEE code Z99 (Unknown) also limits the ability to assess program effectiveness and mission alignment without additional information.
The consistent reporting of zero officer compensation across all filings indicates a high degree of transparency regarding executive pay, or that officers are compensated through other means not reported in this section. However, without a clear understanding of the organization's mission (due to the Z99 NTEE code), it's challenging to assess spending efficiency in relation to program goals. The significant and persistent operating deficits, coupled with the large increase in liabilities, suggest potential financial vulnerabilities or a complex financial structure that requires deeper scrutiny. The lack of detailed program spending information makes it difficult to evaluate how effectively funds are being utilized towards any charitable purpose.