Quick charity verification for Carnegie Corporation Of New York (EIN: 131628151)
Verdict: Carnegie Corporation Of New York appears trustworthy
90/100Mission Score
$2.1BRevenue
$4.5BAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Exceptional financial stability with over $4 billion in assets (202309: $4,098,600,165).
Consistent reporting of 0% officer compensation, indicating strong governance or compensation structure.
Significant revenue generation, with the latest reported revenue at $2,098,755,357.
Low liabilities relative to assets, demonstrating a healthy balance sheet (202309: $164,823,345 liabilities vs. $4,098,600,165 assets).
Long-term growth in asset base, reflecting effective endowment management.
Spending Breakdown
How Carnegie Corporation Of New York 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 Carnegie Corporation Of New York
Is Carnegie Corporation Of New York a legitimate charity?
Based on AI analysis of IRS 990 filings, Carnegie Corporation Of New York (EIN: 131628151) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Carnegie Corporation Of New York a good charity to donate to?
Carnegie Corporation Of New York has a Mission Score of 90/100. Revenue: $2.1B. Assets: $4.5B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Carnegie Corporation Of New York?
The Employer Identification Number (EIN) for Carnegie Corporation Of New York is 131628151. 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 Carnegie Corporation Of New York spend its money?
Carnegie Corporation Of New York allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Carnegie Corporation Of New York's tax-exempt status?
You can verify Carnegie Corporation Of New York's tax-exempt status using EIN 131628151 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
Carnegie Corporation Of New York demonstrates robust financial health, consistently maintaining substantial assets. In the 202309 period, the organization reported assets of $4,098,600,165 against liabilities of $164,823,345, indicating a strong financial position. The organization's revenue has shown significant fluctuations, with a notable peak of $2,098,755,357 in its latest reported revenue, though the 202309 filing shows $548,723,411. This suggests a reliance on investment returns or large, infrequent contributions.
Spending efficiency appears strong, with expenses in the 202309 period at $221,107,939 against revenue of $548,723,411, indicating a significant portion of revenue is retained or allocated to future programs. The consistent reporting of 0% officer compensation across all available filings is a positive indicator of transparency and potentially lower administrative overhead, though it's important to note this refers specifically to 'officer compensation' and not all executive salaries. The organization's substantial asset base allows for significant programmatic impact.