Is Brooklyn Tech Alumni Foundation Inc…

Quick charity verification for Brooklyn Tech Alumni Foundation Inc (EIN: 112739496)

Strengths

Consistent asset growth, reaching $17,247,320 in the latest period.
0% officer compensation reported across all filings, indicating highly efficient use of funds for mission.
Strong history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Relatively low liabilities compared to assets, indicating strong financial stability.
Significant revenue generation capacity, with latest revenue at $3,042,904.

Spending Breakdown

How Brooklyn Tech Alumni Foundation 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 Brooklyn Tech Alumni Foundation Inc

Is Brooklyn Tech Alumni Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Brooklyn Tech Alumni Foundation Inc (EIN: 112739496) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Brooklyn Tech Alumni Foundation Inc a good charity to donate to?

Brooklyn Tech Alumni Foundation Inc has a Mission Score of 90/100. Revenue: $3.0M. Assets: $17.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Brooklyn Tech Alumni Foundation Inc?

The Employer Identification Number (EIN) for Brooklyn Tech Alumni Foundation Inc is 112739496. 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 Tech Alumni Foundation Inc spend its money?

Brooklyn Tech Alumni Foundation Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Brooklyn Tech Alumni Foundation Inc's tax-exempt status?

You can verify Brooklyn Tech Alumni Foundation Inc's tax-exempt status using EIN 112739496 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 Tech Alumni Foundation Inc. demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $17,247,320 in the latest period. Revenue has fluctuated, with a notable peak of $3,274,833 in 2017 and $3,042,904 in the latest reported period, indicating strong fundraising capacity in certain years. The organization consistently spends less than its revenue in most years, contributing to its growing asset base, though the 2023 period saw expenses ($2,162,067) slightly exceed revenue ($2,007,100). This suggests a healthy financial management approach focused on long-term sustainability.

Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which is a significant indicator of efficient use of funds for programmatic purposes rather than administrative overhead. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation suggests a lean operational structure. The organization's liabilities remain relatively low compared to its assets, further reinforcing its financial stability.

In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a positive sign. The explicit reporting of 0% officer compensation is a strong point for transparency regarding executive pay. 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.

Is Brooklyn Tech Alumni Foundation Inc Legit?

Verdict: Brooklyn Tech Alumni Foundation Inc appears trustworthy

Red Flags