Is Albany Med Health System Legit?

Quick charity verification for Albany Med Health System (EIN: 141775218)

Verdict: Albany Med Health System shows mixed signals

60/100Mission Score
$3.9MRevenue
$5.3MAssets
4Red Flags
2Strengths

Red Flags

Strengths

Spending Breakdown

How Albany Med Health System allocates its funds across programs, administration, and fundraising.

70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Albany Med Health System

Is Albany Med Health System a legitimate charity?

Based on AI analysis of IRS 990 filings, Albany Med Health System (EIN: 141775218) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.

Is Albany Med Health System a good charity to donate to?

Albany Med Health System has a Mission Score of 60/100. Revenue: $3.9M. Assets: $5.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Albany Med Health System?

The Employer Identification Number (EIN) for Albany Med Health System is 141775218. 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 Albany Med Health System spend its money?

Albany Med Health System allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Albany Med Health System's tax-exempt status?

You can verify Albany Med Health System's tax-exempt status using EIN 141775218 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

Albany Med Health System demonstrates a fluctuating financial performance over the past decade. While the organization reported a latest revenue of $3,925,122 and assets of $5,301,682, its historical filings show periods of significant net losses, such as in 2017 where expenses ($4,381,942) far exceeded revenue ($2,628,179). The organization's assets have also seen a decline from a high of $5,894,576 in 2014 to $5,301,682 currently, indicating potential challenges in asset growth or management. The consistent reporting of 0% officer compensation across all available filings suggests either a highly volunteer-driven leadership or that executive compensation is not reported in this specific field, which could impact transparency regarding leadership costs. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the recurring instances where expenses outpace revenue raise questions about operational efficiency and sustainability. For example, in 2019, expenses were $2,325,068 against revenues of $1,760,916, resulting in a deficit. This pattern of spending more than it earns in several years could lead to reliance on reserves or external funding to cover operational gaps. Transparency regarding executive compensation is a notable area for improvement, as the 0% reported officer compensation across all filings is unusual for an organization of this size and asset base. While this could indicate a specific reporting method, it limits the ability to evaluate how leadership is compensated relative to the organization's financial capacity. The lack of detailed expense categories also hinders a comprehensive understanding of where funds are allocated, making it challenging for stakeholders to fully assess the organization's financial health and program impact.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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