Is Bowery Residents Committee Inc Legit?

Quick charity verification for Bowery Residents Committee Inc (EIN: 132736659)

Verdict: Bowery Residents Committee Inc appears trustworthy

88/100Mission Score

$185.2MRevenue

$315.7MAssets

2Red Flags

4Strengths

Red Flags

Consistent 0% reported officer compensation for a large organization, which may obscure actual executive remuneration.
Significant, unexplained jump in assets and liabilities between 2022 and 2023 without further context in the provided data.

Strengths

Strong and consistent revenue growth over the past decade, indicating increasing capacity to serve its mission.
Healthy financial position with assets significantly exceeding liabilities, particularly in the latest filing ($335M assets vs $316M liabilities).
Expenses generally track closely to revenue, suggesting efficient deployment of funds towards its mission.
Consistent reporting of 0% officer compensation, which, if accurate, indicates a high dedication of funds to programs rather than executive salaries.

Spending Breakdown

How Bowery Residents Committee Inc allocates its funds across programs, administration, and fundraising.

90%

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 Bowery Residents Committee Inc

Is Bowery Residents Committee Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Bowery Residents Committee Inc (EIN: 132736659) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.

Is Bowery Residents Committee Inc a good charity to donate to?

Bowery Residents Committee Inc has a Mission Score of 88/100. Revenue: $185.2M. Assets: $315.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bowery Residents Committee Inc?

The Employer Identification Number (EIN) for Bowery Residents Committee Inc is 132736659. 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 Bowery Residents Committee Inc spend its money?

Bowery Residents Committee Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bowery Residents Committee Inc's tax-exempt status?

You can verify Bowery Residents Committee Inc's tax-exempt status using EIN 132736659 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

Bowery Residents Committee Inc (BRC) demonstrates strong financial health and growth, with its latest reported revenue at $185,172,879 and assets at $315,709,299. The organization has shown consistent revenue growth over the past decade, more than doubling its revenue from $76,939,831 in 2017 to $182,395,399 in 2023. This growth is accompanied by a healthy asset base, which significantly increased from $80,406,684 in 2022 to $335,867,536 in 2023, indicating substantial investment or capital acquisition.

BRC appears to be spending efficiently, with expenses generally tracking closely to revenue, suggesting that most funds are being deployed for its mission. For instance, in 2023, expenses were $180,098,736 against revenues of $182,395,399, resulting in a modest surplus. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency and financial management, indicating that top executives are not drawing salaries directly from the organization's funds, or at least not in a way that is reported as officer compensation on the 990 form. This practice, if accurate, could contribute to a higher proportion of funds being directed towards programs.

While the overall financial picture is robust, the significant jump in assets and liabilities between 2022 and 2023 (assets from $80M to $335M, liabilities from $63M to $316M) warrants closer examination to understand the nature of these changes, such as major capital projects or debt financing. The consistent reporting of 0% officer compensation is a positive sign for transparency, though a deeper dive into how executive leadership is compensated (e.g., through related entities or other reporting lines) would provide a more complete picture.

View Full Transparency Report →

Disclaimer

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