Quick charity verification for Building For The Arts Ny Inc (EIN: 132852371)
Verdict: Building For The Arts Ny Inc appears trustworthy
88/100Mission Score
$16.9MRevenue
$27.9MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent reporting of 0% officer compensation, indicating resources are directed to programs.
Stable asset base (e.g., $27,988,097 in 2023) despite revenue fluctuations.
Low liabilities relative to assets (e.g., $1,433,323 liabilities vs. $27,988,097 assets in 2023), indicating good financial health.
Long filing history (14 filings) suggests consistent operation and compliance.
Spending Breakdown
How Building For The Arts Ny 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 Building For The Arts Ny Inc
Is Building For The Arts Ny Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Building For The Arts Ny Inc (EIN: 132852371) appears trustworthy. Mission Score: 88/100. 0 red flags identified, 4 strengths noted.
Is Building For The Arts Ny Inc a good charity to donate to?
Building For The Arts Ny Inc has a Mission Score of 88/100. Revenue: $16.9M. Assets: $27.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Building For The Arts Ny Inc?
The Employer Identification Number (EIN) for Building For The Arts Ny Inc is 132852371. 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 Building For The Arts Ny Inc spend its money?
Building For The Arts Ny Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Building For The Arts Ny Inc's tax-exempt status?
You can verify Building For The Arts Ny Inc's tax-exempt status using EIN 132852371 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
Building For The Arts Ny Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. While the organization has experienced fluctuations in revenue, such as a peak of $6,152,789 in 2021 and a dip to $1,929,123 in 2020, its asset base has remained relatively stable, hovering around $27 million in recent years. This stability suggests a solid financial foundation despite varying annual income. The organization's liabilities are consistently low relative to its assets, indicating good financial management and minimal debt burden.
The organization's spending efficiency appears strong, with a significant portion of its expenses likely directed towards program services, given the absence of reported officer compensation. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a focus on directing resources to its mission rather than executive salaries. However, without a detailed breakdown of functional expenses (program, administrative, fundraising) in the provided data, a precise assessment of spending efficiency is limited.
Overall, Building For The Arts Ny Inc appears to be a financially sound and transparent organization. Its stable asset base, low liabilities, and consistent reporting of no officer compensation are positive indicators. Further detailed expense breakdowns would provide even greater clarity on its operational efficiency and resource allocation.