Is Backstretch Employee Service Team Of New York Inc Legit?
Quick charity verification for Backstretch Employee Service Team Of New York Inc (EIN: 112976735)
Verdict: Backstretch Employee Service Team Of New York Inc appears trustworthy
90/100Mission Score
$2.3MRevenue
$3.2MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent positive net income, as seen in 2023 with $2,412,969 revenue vs. $2,057,721 expenses.
Strong and consistent asset growth, from $959,575 in 2016 to $2,932,372 in 2023.
Zero reported officer compensation across all available filings, indicating high efficiency.
Low liabilities relative to assets, with liabilities at $133,184 against assets of $2,932,372 in 2023.
Stable revenue stream averaging over $2 million annually, indicating financial predictability.
Spending Breakdown
How Backstretch Employee Service Team 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
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 Backstretch Employee Service Team Of New York Inc
Is Backstretch Employee Service Team Of New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Backstretch Employee Service Team Of New York Inc (EIN: 112976735) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Backstretch Employee Service Team Of New York Inc a good charity to donate to?
Backstretch Employee Service Team Of New York Inc has a Mission Score of 90/100. Revenue: $2.3M. Assets: $3.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Backstretch Employee Service Team Of New York Inc?
The Employer Identification Number (EIN) for Backstretch Employee Service Team Of New York Inc is 112976735. 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 Backstretch Employee Service Team Of New York Inc spend its money?
Backstretch Employee Service Team 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 Backstretch Employee Service Team Of New York Inc's tax-exempt status?
You can verify Backstretch Employee Service Team Of New York Inc's tax-exempt status using EIN 112976735 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
Backstretch Employee Service Team Of New York Inc (BEST) demonstrates consistent financial health with a stable revenue stream averaging over $2 million annually in recent years. The organization has consistently maintained a positive net income, as seen in 2023 with revenues of $2,412,969 against expenses of $2,057,721, leading to an increase in assets. Their asset base has shown steady growth, reaching $2,932,372 in 2023, indicating sound financial management and accumulation of resources. The organization's spending efficiency appears strong, with a significant portion of expenses dedicated to program services, reflecting a commitment to its mission. The absence of reported officer compensation further enhances its transparency and efficiency profile.
BEST's financial operations suggest a well-managed nonprofit. The organization has consistently kept liabilities low relative to assets, with liabilities at $133,184 in 2023 against assets of $2,932,372, indicating a healthy balance sheet. The consistent growth in assets over the past decade, from $959,575 in 2016 to nearly $3 million in 2023, points to effective financial stewardship and sustainability. This sustained growth, coupled with a high program spending ratio, indicates that the organization is effectively utilizing its resources to achieve its charitable goals while building a strong financial foundation for the future.