Is Firemens Association Of The State Of New York Legit?
Quick charity verification for Firemens Association Of The State Of New York (EIN: 135604180)
Verdict: Firemens Association Of The State Of New York appears trustworthy
90/100Mission Score
$31.1MRevenue
$54.6MAssets
2Red Flags
4Strengths
Red Flags
Unusually low liabilities relative to assets, especially in earlier years (e.g., 2016 assets $174M vs liabilities $1.7M), which might warrant further investigation into asset composition.
The consistent 0% officer compensation for an organization of this size is highly unusual and could indicate that executive compensation is being reported in a non-standard way or that the organization is entirely volunteer-run at the executive level, which is rare for its scale.
Strengths
Consistent financial surpluses, with revenues exceeding expenses in most recent years (e.g., 2023: Revenue $19,189,713, Expenses $18,006,893).
Steady growth in assets, from $42,779,933 in 2018 to $48,730,442 in 2023, indicating financial stability and accumulation of resources.
No reported officer compensation, suggesting a highly efficient or volunteer-driven executive leadership structure.
Low liabilities relative to assets, indicating a strong balance sheet and minimal debt burden (e.g., 2023: Liabilities $2,711,709 vs Assets $48,730,442).
Spending Breakdown
How Firemens Association Of The State Of New York allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Firemens Association Of The State Of New York
Is Firemens Association Of The State Of New York a legitimate charity?
Based on AI analysis of IRS 990 filings, Firemens Association Of The State Of New York (EIN: 135604180) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Firemens Association Of The State Of New York a good charity to donate to?
Firemens Association Of The State Of New York has a Mission Score of 90/100. Revenue: $31.1M. Assets: $54.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Firemens Association Of The State Of New York?
The Employer Identification Number (EIN) for Firemens Association Of The State Of New York is 135604180. 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 Firemens Association Of The State Of New York spend its money?
Firemens Association Of The State Of New York allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Firemens Association Of The State Of New York's tax-exempt status?
You can verify Firemens Association Of The State Of New York's tax-exempt status using EIN 135604180 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 Firemens Association Of The State Of New York demonstrates consistent financial health with a steady increase in assets and revenue over the past few years, as evidenced by their latest revenue of $19,189,713 and assets of $48,730,442 in 2023. The organization consistently spends less than its revenue, indicating sound financial management and an ability to build reserves. For example, in 2023, expenses were $18,006,893 against revenues of $19,189,713, resulting in a surplus.
The organization's spending efficiency appears strong, with a significant portion of expenses likely directed towards program services, given the absence of reported officer compensation, which suggests a lean administrative structure. The consistent growth in assets, from $42,779,933 in 2018 to $48,730,442 in 2023, further supports a picture of financial stability.
Transparency is high regarding executive compensation, as the organization consistently reports 0% officer compensation across all available filings, which is a notable positive indicator. While specific program spending ratios are not detailed in the provided data, the overall financial trends suggest a well-managed and financially stable organization.