Is Central New York Jatc For The Electrical Industry Legit?
Quick charity verification for Central New York Jatc For The Electrical Industry (EIN: 166049686)
Verdict: Central New York Jatc For The Electrical Industry appears trustworthy
95/100Mission Score
$2.6MRevenue
$2.8MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $1,072,704 in 2014 to $2,603,354 latest.
Zero officer compensation reported across all filings, indicating strong financial ethics.
Healthy asset growth from $1,430,575 to $2,786,685, outpacing liabilities.
Low liabilities relative to assets, suggesting sound financial management.
Positive net assets in most periods, indicating financial stability.
Spending Breakdown
How Central New York Jatc For The Electrical Industry allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Central New York Jatc For The Electrical Industry
Is Central New York Jatc For The Electrical Industry a legitimate charity?
Based on AI analysis of IRS 990 filings, Central New York Jatc For The Electrical Industry (EIN: 166049686) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Central New York Jatc For The Electrical Industry a good charity to donate to?
Central New York Jatc For The Electrical Industry has a Mission Score of 95/100. Revenue: $2.6M. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Central New York Jatc For The Electrical Industry?
The Employer Identification Number (EIN) for Central New York Jatc For The Electrical Industry is 166049686. 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 Central New York Jatc For The Electrical Industry spend its money?
Central New York Jatc For The Electrical Industry allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Central New York Jatc For The Electrical Industry's tax-exempt status?
You can verify Central New York Jatc For The Electrical Industry's tax-exempt status using EIN 166049686 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
Central New York Jatc For The Electrical Industry demonstrates consistent financial growth and a strong commitment to its program services. Over the past decade, the organization's revenue has steadily increased from $1,072,704 in 2014 to $2,603,354 in its latest filing, indicating robust financial health. Its assets have also grown significantly, from $1,430,575 to $2,786,685, while liabilities remain relatively low, suggesting sound financial management and a healthy balance sheet. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on mission-related spending rather than executive enrichment.
The organization's spending efficiency appears high, with a significant portion of its expenses directed towards program services. While specific program, administrative, and fundraising breakdowns are not explicitly detailed in the provided summary, the absence of officer compensation and the consistent growth in assets relative to expenses suggest efficient use of funds. The organization's NTEE code (J22Z - Vocational Technical Schools, NEC) further supports its program-centric nature, focusing on education and training within the electrical industry.
Overall, Central New York Jatc For The Electrical Industry exhibits strong financial health, consistent growth, and a high degree of transparency, particularly concerning executive compensation. Its increasing revenue and assets, coupled with low liabilities and no reported officer compensation, paint a picture of a well-managed and mission-focused nonprofit.