Is Beis Midrash Of Queens Legit?

Quick charity verification for Beis Midrash Of Queens (EIN: 112509831)

Verdict: Beis Midrash Of Queens appears trustworthy

90/100Mission Score

$3.8MRevenue

$3.0MAssets

2Red Flags

5Strengths

Red Flags

Significant increase in liabilities over time, from $140,558 in 2014 to $1,084,197 in 2023, warrants further scrutiny.
NTEE code is unknown, making it difficult to benchmark against similar organizations or fully understand its programmatic area.

Strengths

Consistent revenue growth, from $1,656,390 in 2014 to $3,143,268 in 2023, indicating strong donor support or program demand.
Strong program spending ratio (88% of expenses), demonstrating a high commitment to its mission.
0% officer compensation reported across all filings, indicating efficient use of funds and a focus on mission over executive salaries.
Consistent positive net assets, growing from $348,905 in 2014 to $1,251,521 in 2023, reflecting financial stability.
Healthy operating surpluses in most years, such as $265,000 in 2023, allowing for reinvestment and sustainability.

Spending Breakdown

How Beis Midrash Of Queens allocates its funds across programs, administration, and fundraising.

88%

Program Spending

Healthy — majority goes to mission

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 Beis Midrash Of Queens

Is Beis Midrash Of Queens a legitimate charity?

Based on AI analysis of IRS 990 filings, Beis Midrash Of Queens (EIN: 112509831) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.

Is Beis Midrash Of Queens a good charity to donate to?

Beis Midrash Of Queens has a Mission Score of 90/100. Revenue: $3.8M. Assets: $3.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Beis Midrash Of Queens?

The Employer Identification Number (EIN) for Beis Midrash Of Queens is 112509831. 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 Beis Midrash Of Queens spend its money?

Beis Midrash Of Queens allocates 88% to programs, 7% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Beis Midrash Of Queens's tax-exempt status?

You can verify Beis Midrash Of Queens's tax-exempt status using EIN 112509831 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

Beis Midrash Of Queens demonstrates consistent growth in revenue and assets over the past decade, with revenue increasing from $1,656,390 in 2014 to $3,143,268 in 2023. The organization consistently spends a high proportion of its expenses on program services, as indicated by the strong program spending ratio. For instance, in 2023, expenses were $2,878,268 against revenue of $3,143,268, suggesting efficient use of funds with a healthy surplus. The organization's liabilities have increased significantly, from $140,558 in 2014 to $1,084,197 in 2023, which warrants further investigation to understand the nature of these obligations relative to asset growth. The consistent reporting of 0% officer compensation across all filings indicates a commitment to directing funds towards the mission rather than executive salaries, enhancing its transparency and financial health perception.

The organization's financial health appears stable with a positive net asset position, growing from $348,905 in 2014 to $1,251,521 in 2023 (Assets minus Liabilities). The consistent surplus in most years, such as $265,000 in 2023 and $46,587 in 2022, allows for reinvestment in its mission or building reserves. While the NTEE code is unknown, the financial data suggests a focus on its stated purpose given the lack of executive compensation and consistent program spending. The increasing liabilities, however, should be monitored to ensure they are manageable and tied to mission-related investments rather than operational shortfalls.

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Disclaimer

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