Is Center For Independence Of The Disabled…

Quick charity verification for Center For Independence Of The Disabled In New York Inc (EIN: 132984549)

Strengths

Consistent and significant revenue growth, from $2.6 million in 2014 to $9.2 million in 2023, indicating strong financial health and fundraising capabilities.
Healthy asset base relative to liabilities, with assets of $9,629,579 against liabilities of $5,139,742 in 2023, demonstrating financial stability.
Expenses closely track revenue, suggesting efficient use of funds and a focus on programmatic spending.
Long history of IRS 990 filings (13 filings), indicating transparency and consistent compliance.

Spending Breakdown

How Center For Independence Of The Disabled In New York 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

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 Center For Independence Of The Disabled In New York Inc

Is Center For Independence Of The Disabled In New York Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Center For Independence Of The Disabled In New York Inc (EIN: 132984549) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Center For Independence Of The Disabled In New York Inc a good charity to donate to?

Center For Independence Of The Disabled In New York Inc has a Mission Score of 92/100. Revenue: $11.1M. Assets: $9.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Center For Independence Of The Disabled In New York Inc?

The Employer Identification Number (EIN) for Center For Independence Of The Disabled In New York Inc is 132984549. 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 Center For Independence Of The Disabled In New York Inc spend its money?

Center For Independence Of The Disabled In New York Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Center For Independence Of The Disabled In New York Inc's tax-exempt status?

You can verify Center For Independence Of The Disabled In New York Inc's tax-exempt status using EIN 132984549 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 Center For Independence Of The Disabled In New York Inc (CIDNY) demonstrates consistent growth in revenue and assets over the past decade, indicating a stable and expanding financial base. For instance, revenue grew from $2,660,319 in 2014 to $9,259,954 in 2023, and assets increased from $1,804,096 to $9,629,579 in the same period. This growth suggests effective fundraising and operational management. The organization consistently spends nearly all of its revenue on programs and operations, with expenses closely tracking revenue, which is a positive indicator of efficient resource utilization. 

CIDNY's financial health appears robust, with a healthy asset base relative to its liabilities. In 2023, assets were $9,629,579 against liabilities of $5,139,742, showing a strong net asset position. The consistent reporting of 0% officer compensation across all available filings is a significant positive for transparency and demonstrates that the organization's leadership is not drawing salaries from the nonprofit, which is highly unusual and commendable. This practice suggests a strong commitment to directing funds towards the mission rather than administrative overhead, though it's important to verify if key management roles are compensated through other means not captured in 'Officer Comp'.

Overall, CIDNY exhibits strong financial management, efficient spending, and exceptional transparency regarding executive compensation. The consistent growth and low administrative burden (implied by 0% officer compensation) point to an organization that is well-managed and focused on its programmatic goals.

Is Center For Independence Of The Disabled In New York Inc Legit?

Verdict: Center For Independence Of The Disabled In New York Inc appears trustworthy

Red Flags