Is Fifth Avenue Association Business Improvement District Inc Legit?
Quick charity verification for Fifth Avenue Association Business Improvement District Inc (EIN: 133709348)
Verdict: Fifth Avenue Association Business Improvement District Inc appears trustworthy
85/100Mission Score
$8.8MRevenue
$3.5MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in 202206 by over $1.4 million, indicating a temporary operational deficit.
Strengths
Consistent 0% officer compensation across all filings, indicating high efficiency and transparency.
Significant revenue growth from $2.9M in 201406 to $8.6M in 202306.
Strong asset growth, reaching $4.8M in 202306.
Positive net income in the latest filing (202306), with revenue exceeding expenses by over $1.7 million.
Spending Breakdown
How Fifth Avenue Association Business Improvement District Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Fifth Avenue Association Business Improvement District Inc
Is Fifth Avenue Association Business Improvement District Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fifth Avenue Association Business Improvement District Inc (EIN: 133709348) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Fifth Avenue Association Business Improvement District Inc a good charity to donate to?
Fifth Avenue Association Business Improvement District Inc has a Mission Score of 85/100. Revenue: $8.8M. Assets: $3.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fifth Avenue Association Business Improvement District Inc?
The Employer Identification Number (EIN) for Fifth Avenue Association Business Improvement District Inc is 133709348. 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 Fifth Avenue Association Business Improvement District Inc spend its money?
Fifth Avenue Association Business Improvement District Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fifth Avenue Association Business Improvement District Inc's tax-exempt status?
You can verify Fifth Avenue Association Business Improvement District Inc's tax-exempt status using EIN 133709348 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 Fifth Avenue Association Business Improvement District Inc. demonstrates generally sound financial health, with recent filings showing a positive trend in revenue and asset growth. In the 202306 period, the organization reported revenues of $8,641,684 against expenses of $6,859,798, resulting in a surplus and an increase in assets to $4,801,292. This marks a significant recovery from the 202206 period where expenses ($8,236,130) exceeded revenue ($6,747,998).
The organization's spending efficiency appears reasonable, especially given its mission as a Business Improvement District. While specific program spending percentages are not detailed in the provided data, the consistent operational activity and growth suggest effective use of funds to support its objectives. Transparency is a strong point, as the organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is not drawing salaries from the organization, which is a positive indicator for donor confidence and resource allocation. The consistent filing of IRS Form 990s over many years also reflects a commitment to public accountability.