Is Aspira Of New York,Inc Legit?

Quick charity verification for Aspira Of New York,Inc (EIN: 136204790)

Verdict: Aspira Of New York,Inc appears trustworthy

85/100Mission Score

$8.6MRevenue

$3.5MAssets

2Red Flags

5Strengths

Red Flags

Significant increase in liabilities from $98,320 in 2014 to $2,765,333 in 2023, which needs further explanation.
Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided summary data, making precise spending efficiency analysis difficult.

Strengths

Consistent revenue generation, with latest revenue at $8,573,820.
Positive net assets, with assets of $3,813,061 exceeding liabilities of $2,765,333 in 2023.
Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
History of 13 IRS 990 filings, demonstrating transparency and compliance.
Recent trend of revenues exceeding expenses, indicating operational stability and financial surpluses (e.g., $8,568,081 revenue vs. $7,940,746 expenses in 2023).

Spending Breakdown

How Aspira Of New York,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

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 Aspira Of New York,Inc

Is Aspira Of New York,Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Aspira Of New York,Inc (EIN: 136204790) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.

Is Aspira Of New York,Inc a good charity to donate to?

Aspira Of New York,Inc has a Mission Score of 85/100. Revenue: $8.6M. Assets: $3.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Aspira Of New York,Inc?

The Employer Identification Number (EIN) for Aspira Of New York,Inc is 136204790. 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 Aspira Of New York,Inc spend its money?

Aspira Of New York,Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Aspira Of New York,Inc's tax-exempt status?

You can verify Aspira Of New York,Inc's tax-exempt status using EIN 136204790 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

Aspira Of New York, Inc. demonstrates consistent financial activity with revenues generally exceeding expenses in recent years, indicating a stable operational model. For instance, in fiscal year 2023, revenue was $8,568,081 against expenses of $7,940,746, resulting in a surplus. The organization has shown growth in assets, increasing from $677,105 in 2014 to $3,813,061 in 2023, which suggests prudent financial management and accumulation of resources. However, the liabilities have also grown significantly over the same period, from $98,320 in 2014 to $2,765,333 in 2023, which warrants closer examination to understand the nature of these obligations.

The organization's transparency is commendable regarding executive compensation, as the filings consistently report 0% for officer compensation across all available periods. This indicates that the top leadership is either unpaid or compensated through other means not categorized as 'officer compensation' on the 990, or that the organization operates with a volunteer leadership structure. This practice, if it means no compensation, significantly reduces administrative overhead and allows more funds to be directed towards programs. The consistent filing of IRS Form 990s over 13 periods also reflects a commitment to regulatory compliance and public disclosure.

While the overall financial health appears stable with positive net assets, the increasing trend in liabilities relative to assets, particularly in the last few years (e.g., liabilities of $2,765,333 against assets of $3,813,061 in 2023), should be monitored. A detailed breakdown of program, administrative, and fundraising expenses would provide a clearer picture of spending efficiency, which is not explicitly detailed in the provided summary data. However, the consistent surpluses in recent years suggest that the organization is managing its expenses effectively within its revenue streams.

View Full Transparency Report →

Disclaimer

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