Quick charity verification for Ahrc Nyc New Projects Inc (EIN: 133587176)
Verdict: Ahrc Nyc New Projects Inc appears trustworthy
80/100Mission Score
$12.4MRevenue
$66.0MAssets
3Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility (e.g., $28.5M in 2022 vs. $3.7M in 2023).
Expenses exceeding revenue in the most recent filing (2023), indicating an operational deficit.
Historically high liabilities, sometimes exceeding total assets, though this trend has improved recently.
Strengths
Consistently reports 0% officer compensation, indicating a strong commitment to minimizing executive overhead.
Substantial asset base ($65,976,837 latest) provides financial stability.
Positive net assets in recent years, reversing a trend of liabilities exceeding assets.
Long filing history (13 filings) indicates established operations and consistent reporting.
Spending Breakdown
How Ahrc Nyc New Projects 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 Ahrc Nyc New Projects Inc
Is Ahrc Nyc New Projects Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ahrc Nyc New Projects Inc (EIN: 133587176) appears trustworthy. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.
Is Ahrc Nyc New Projects Inc a good charity to donate to?
Ahrc Nyc New Projects Inc has a Mission Score of 80/100. Revenue: $12.4M. Assets: $66.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ahrc Nyc New Projects Inc?
The Employer Identification Number (EIN) for Ahrc Nyc New Projects Inc is 133587176. 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 Ahrc Nyc New Projects Inc spend its money?
Ahrc Nyc New Projects Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ahrc Nyc New Projects Inc's tax-exempt status?
You can verify Ahrc Nyc New Projects Inc's tax-exempt status using EIN 133587176 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
Ahrc Nyc New Projects Inc. demonstrates a fluctuating financial performance over the past several years. While the organization reported a significant revenue spike in 2022 ($28,554,112), its expenses remained relatively stable around $4 million, leading to a substantial surplus in that year. However, the most recent filing (2023) shows expenses ($4,228,881) exceeding revenue ($3,739,909), indicating a deficit. The organization consistently reports zero officer compensation, which is a positive indicator of resource allocation towards its mission rather than executive salaries.
The organization's asset base is substantial, consistently in the range of $50-68 million, but it also carries significant liabilities, often exceeding assets in earlier periods, though this trend has reversed in more recent filings. The NTEE code P820 suggests a focus on housing and shelter for persons with disabilities, which often involves significant capital assets and associated debt. The lack of detailed expense breakdowns in the provided data makes a precise assessment of spending efficiency challenging, but the consistent reporting of zero officer compensation suggests a commitment to minimizing administrative overhead in that specific area.
Overall, the financial health appears stable due to its large asset base, despite periodic operational deficits. The transparency regarding executive compensation is excellent, but a more granular breakdown of program, administrative, and fundraising expenses would further enhance transparency and allow for a more thorough analysis of spending efficiency.