Quick charity verification for Figure Skating In Harlem Inc (EIN: 133945168)
Verdict: Figure Skating In Harlem Inc appears trustworthy
85/100Mission Score
$3.5MRevenue
$3.1MAssets
1Red Flags
4Strengths
Red Flags
Slight deficit in 202306 (expenses exceeded revenue by $65,989).
Strengths
Consistent asset growth over a decade, from $1.26M in 2014 to $3.24M in 2023.
No reported officer compensation across all 13 filings, indicating high dedication or alternative compensation structures.
Generally positive net income in most recent years (e.g., $541,270 surplus in 202206).
Strong financial resilience demonstrated by sustained operations and growth over a long period.
Spending Breakdown
How Figure Skating In Harlem 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 Figure Skating In Harlem Inc
Is Figure Skating In Harlem Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Figure Skating In Harlem Inc (EIN: 133945168) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Figure Skating In Harlem Inc a good charity to donate to?
Figure Skating In Harlem Inc has a Mission Score of 85/100. Revenue: $3.5M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Figure Skating In Harlem Inc?
The Employer Identification Number (EIN) for Figure Skating In Harlem Inc is 133945168. 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 Figure Skating In Harlem Inc spend its money?
Figure Skating In Harlem Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Figure Skating In Harlem Inc's tax-exempt status?
You can verify Figure Skating In Harlem Inc's tax-exempt status using EIN 133945168 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
Figure Skating In Harlem Inc demonstrates a generally stable financial trajectory, with revenues consistently exceeding or closely matching expenses in recent years, indicating sound operational management. For instance, in 202206, revenue was $3,460,195 against expenses of $2,918,925, resulting in a surplus. While the organization experienced a slight deficit in 202306 (revenue $3,224,089 vs. expenses $3,290,078), this appears to be an anomaly rather than a trend, and overall assets have shown consistent growth, from $1,258,278 in 201406 to $3,235,362 in 202306.
The organization's transparency is commendable, particularly with the consistent reporting of 0% officer compensation across all available filings. This indicates that the highest-ranking individuals are not drawing salaries, which is a strong positive for donor confidence and suggests a high degree of volunteerism or alternative compensation structures not classified as officer compensation. The NTEE code N31 (Youth Development Programs) aligns well with the organization's name and implied mission.
Spending efficiency appears to be reasonable, though a detailed breakdown of program, administrative, and fundraising expenses is not directly provided in the summary data. However, the consistent growth in assets alongside program delivery suggests that resources are being managed effectively to support the mission. The organization's ability to maintain operations and grow its asset base over a decade, despite fluctuations in annual revenue, points to a resilient financial model.