Quick charity verification for Brooklyn Childrens Museum Corp (EIN: 112495664)
Verdict: Brooklyn Childrens Museum Corp appears trustworthy
85/100Mission Score
$8.1MRevenue
$7.5MAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed functional expense breakdown in provided summary data, making precise spending efficiency analysis difficult without full 990 forms.
Strengths
Consistent revenue growth, increasing from $5,454,664 in 2021 to $7,537,198 in 2023.
Positive operating margins, with revenue consistently exceeding expenses in recent years (e.g., $7,537,198 revenue vs. $6,850,283 expenses in 2023).
Growing asset base, increasing from $5,074,218 in 2020 to $6,952,578 in 2023.
Reported 0% officer compensation across all filings, suggesting efficient use of funds or alternative compensation structures.
Spending Breakdown
How Brooklyn Childrens Museum Corp 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 Brooklyn Childrens Museum Corp
Is Brooklyn Childrens Museum Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Brooklyn Childrens Museum Corp (EIN: 112495664) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Brooklyn Childrens Museum Corp a good charity to donate to?
Brooklyn Childrens Museum Corp has a Mission Score of 85/100. Revenue: $8.1M. Assets: $7.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brooklyn Childrens Museum Corp?
The Employer Identification Number (EIN) for Brooklyn Childrens Museum Corp is 112495664. 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 Brooklyn Childrens Museum Corp spend its money?
Brooklyn Childrens Museum Corp allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brooklyn Childrens Museum Corp's tax-exempt status?
You can verify Brooklyn Childrens Museum Corp's tax-exempt status using EIN 112495664 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
The Brooklyn Childrens Museum Corp demonstrates a generally stable financial trajectory, with consistent revenue growth over the past several years, increasing from $5,454,664 in 2021 to $7,537,198 in 2023. The organization has consistently operated with a surplus in recent years, as seen by revenues exceeding expenses (e.g., $7,537,198 revenue vs. $6,850,283 expenses in 2023), indicating sound financial management. Asset growth has also been positive, reaching $6,952,578 in 2023, suggesting a strengthening balance sheet.
Spending efficiency appears reasonable, with a healthy margin between revenue and expenses. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health suggests that the organization is effectively managing its resources. The consistent reporting of 0% officer compensation across all filings indicates a commitment to transparency regarding executive pay, or that compensation is reported under other categories, which would warrant further investigation into the full 990 forms for clarity.
Overall, the Brooklyn Childrens Museum Corp appears to be in good financial health, with a positive trend in revenue and assets. The consistent surplus generation and the reported 0% officer compensation contribute to a positive view of its financial management and transparency, though a deeper dive into the functional expense breakdown would provide a more complete picture of spending efficiency.