Is Eastern New York Laborers Training Center Inc Legit?

Quick charity verification for Eastern New York Laborers Training Center Inc (EIN: 141556545)

Verdict: Eastern New York Laborers Training Center Inc appears trustworthy

95/100Mission Score

$2.7MRevenue

$5.0MAssets

1Red Flags

5Strengths

Red Flags

Lack of detailed program vs. administrative expense breakdown in summary data, though overall financial health is strong.

Strengths

Consistent financial growth with revenue increasing from $1.19M in 2015 to over $2M in recent years.
Zero reported officer compensation across all 14 filings, indicating strong mission focus and efficient use of funds.
Significant asset accumulation, nearly doubling from $2.56M in 2015 to $4.96M currently.
Substantial reduction in liabilities, from $987,501 in 2015 to $93,381 in 2024, demonstrating excellent financial management.
Expenses consistently lower than revenue, leading to healthy surpluses and asset growth.

Spending Breakdown

How Eastern New York Laborers Training Center Inc allocates its funds across programs, administration, and fundraising.

90%

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 Eastern New York Laborers Training Center Inc

Is Eastern New York Laborers Training Center Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Eastern New York Laborers Training Center Inc (EIN: 141556545) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.

Is Eastern New York Laborers Training Center Inc a good charity to donate to?

Eastern New York Laborers Training Center Inc has a Mission Score of 95/100. Revenue: $2.7M. Assets: $5.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Eastern New York Laborers Training Center Inc?

The Employer Identification Number (EIN) for Eastern New York Laborers Training Center Inc is 141556545. 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 Eastern New York Laborers Training Center Inc spend its money?

Eastern New York Laborers Training Center Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Eastern New York Laborers Training Center Inc's tax-exempt status?

You can verify Eastern New York Laborers Training Center Inc's tax-exempt status using EIN 141556545 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 Eastern New York Laborers Training Center Inc. demonstrates consistent financial stability and growth over the past decade. With latest reported revenue of $2,675,622 and assets of $4,959,848, the organization has shown a healthy upward trend in both areas. For instance, revenue has grown from $1,192,302 in 2015 to over $2 million in recent years, and assets have nearly doubled from $2,559,810 in 2015 to $4,959,848 currently. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a focus on its mission rather than executive enrichment. Liabilities have also significantly decreased over time, from $987,501 in 2015 to $93,381 in 2024, indicating sound financial management and reduced debt burden.

The organization's spending efficiency appears strong, with expenses consistently lower than revenue, allowing for asset accumulation. For example, in 2024, expenses were $1,798,585 against revenues of $2,033,598, resulting in a surplus. The absence of reported officer compensation further reinforces a positive view of spending efficiency. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial health and lack of executive compensation suggest a high likelihood of program-focused spending.

Transparency is generally good, with a consistent history of 14 IRS 990 filings. The detailed financial figures provided across multiple years allow for a clear understanding of the organization's financial trajectory. The consistent reporting of 0% officer compensation is a key transparency point, clearly indicating that no funds are being allocated to executive salaries. The consistent growth in assets and reduction in liabilities over time further speaks to responsible financial stewardship.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.