Quick charity verification for Ballet Hispanico Of New York (EIN: 132685755)
Verdict: Ballet Hispanico Of New York appears trustworthy
85/100Mission Score
$17.4MRevenue
$20.3MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits in recent years (e.g., 2023 expenses $9.8M vs. revenue $6.6M)
Unusually high fluctuation in revenue, with a sharp spike in 2021 followed by significant declines
Consistent 0% officer compensation, which is atypical for an organization of this size and could indicate alternative compensation structures not fully transparent on the 990.
Strengths
Substantial asset base ($22.4M in 2023) provides financial stability despite recent deficits.
Consistent reporting of 0% officer compensation suggests a strong commitment to directing funds towards programmatic activities.
Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Spending Breakdown
How Ballet Hispanico Of New York allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Ballet Hispanico Of New York
Is Ballet Hispanico Of New York a legitimate charity?
Based on AI analysis of IRS 990 filings, Ballet Hispanico Of New York (EIN: 132685755) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is Ballet Hispanico Of New York a good charity to donate to?
Ballet Hispanico Of New York has a Mission Score of 85/100. Revenue: $17.4M. Assets: $20.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ballet Hispanico Of New York?
The Employer Identification Number (EIN) for Ballet Hispanico Of New York is 132685755. 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 Ballet Hispanico Of New York spend its money?
Ballet Hispanico Of New York allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ballet Hispanico Of New York's tax-exempt status?
You can verify Ballet Hispanico Of New York's tax-exempt status using EIN 132685755 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
Ballet Hispanico Of New York demonstrates a fluctuating financial landscape over the past decade. While the organization reported a significant revenue spike in 2021 to over $20 million, subsequent years have seen revenues decline, with 2023 revenue at $6.6 million, falling short of expenses at $9.8 million. This trend of expenses exceeding revenue is notable in recent years (2022 and 2023), indicating operational deficits. Despite these deficits, the organization maintains substantial assets, reported at $22.4 million in 2023, which provides a buffer. The consistent reporting of 0% officer compensation across all filings suggests a commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of financial transparency and efficiency. However, the sustained operational deficits warrant closer examination of their spending efficiency and revenue generation strategies to ensure long-term sustainability.