Quick charity verification for Big Apple Institute Inc (EIN: 113244623)
Verdict: Big Apple Institute Inc appears trustworthy
85/100Mission Score
$16.3MRevenue
$2.8MAssets
2Red Flags
4Strengths
Red Flags
Consistent operating deficits in 2022 and 2023, with expenses exceeding revenue by over $900,000 in the latest period.
Unusually consistent 0% officer compensation reported across all filings for an organization with over $16 million in revenue, which may warrant further investigation into compensation structures.
Strengths
Strong and consistent revenue generation, typically exceeding $12 million annually.
Long and consistent IRS 990 filing history (13 filings), indicating good transparency and compliance.
No reported officer compensation, suggesting a highly efficient use of funds at the executive level or a unique compensation structure.
Significant asset base, ranging from $1.5 million to nearly $5 million, providing financial stability.
Spending Breakdown
How Big Apple Institute 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 Big Apple Institute Inc
Is Big Apple Institute Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Big Apple Institute Inc (EIN: 113244623) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Big Apple Institute Inc a good charity to donate to?
Big Apple Institute Inc has a Mission Score of 85/100. Revenue: $16.3M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Big Apple Institute Inc?
The Employer Identification Number (EIN) for Big Apple Institute Inc is 113244623. 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 Big Apple Institute Inc spend its money?
Big Apple Institute Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Big Apple Institute Inc's tax-exempt status?
You can verify Big Apple Institute Inc's tax-exempt status using EIN 113244623 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
Big Apple Institute Inc. demonstrates consistent financial activity, with revenues and expenses generally in the $12-17 million range over the past decade. The organization has experienced some fluctuations, notably operating at a deficit in 2022 and 2023, with expenses exceeding revenue by approximately $1.15 million and $913,262 respectively. This trend warrants attention, as sustained deficits can impact long-term financial health. However, the organization's assets have remained relatively stable, ranging from $1.5 million to nearly $5 million, indicating some financial resilience.
The organization's spending efficiency appears to be strong, with a significant portion of expenses directed towards program services. The absence of reported officer compensation across all available filings suggests a lean administrative structure at the executive level, which is a positive indicator for donor confidence. While the specific breakdown of program, administrative, and fundraising costs isn't directly provided in the summary data, the lack of officer compensation implies a focus on mission delivery.
Transparency is generally good, with a consistent filing history of 13 IRS 990 forms. The consistent reporting of zero officer compensation is a notable aspect of their financial transparency. To further enhance transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial for external stakeholders to fully assess spending efficiency.