Is Flatiron 23 Rd Street Partnershipdistrict Management Association Inc Legit?
Quick charity verification for Flatiron 23 Rd Street Partnershipdistrict Management Association Inc (EIN: 204850064)
Verdict: Flatiron 23 Rd Street Partnershipdistrict Management Association Inc appears trustworthy
90/100Mission Score
$7.3MRevenue
$6.1MAssets
1Red Flags
5Strengths
Red Flags
Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other expense categories or leadership is entirely volunteer, warranting further investigation for clarity.
Strengths
Consistent and significant revenue growth, increasing from $2,743,642 in 2014 to $7,394,782 in 2023.
Strong asset accumulation, growing from $1,761,577 in 2014 to $6,231,827 in 2023, indicating financial stability.
Positive net income in most recent years, such as $1,254,643 in 2023 and $1,127,399 in 2022, demonstrating financial sustainability.
No reported officer compensation across all filings, suggesting a high proportion of funds are directed towards programs or volunteer leadership.
Manageable liabilities relative to assets, indicating responsible financial management.
Spending Breakdown
How Flatiron 23 Rd Street Partnershipdistrict Management Association Inc 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 Flatiron 23 Rd Street Partnershipdistrict Management Association Inc
Is Flatiron 23 Rd Street Partnershipdistrict Management Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Flatiron 23 Rd Street Partnershipdistrict Management Association Inc (EIN: 204850064) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Flatiron 23 Rd Street Partnershipdistrict Management Association Inc a good charity to donate to?
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc has a Mission Score of 90/100. Revenue: $7.3M. Assets: $6.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Flatiron 23 Rd Street Partnershipdistrict Management Association Inc?
The Employer Identification Number (EIN) for Flatiron 23 Rd Street Partnershipdistrict Management Association Inc is 204850064. 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 Flatiron 23 Rd Street Partnershipdistrict Management Association Inc spend its money?
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Flatiron 23 Rd Street Partnershipdistrict Management Association Inc's tax-exempt status?
You can verify Flatiron 23 Rd Street Partnershipdistrict Management Association Inc's tax-exempt status using EIN 204850064 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
Flatiron 23 Rd Street Partnershipdistrict Management Association Inc demonstrates strong financial health and growth, with revenue increasing significantly from $2,743,642 in 2014 to $7,394,782 in 2023. The organization consistently maintains a healthy asset base, growing from $1,761,577 to $6,231,827 over the same period, indicating sound financial management and capacity. Liabilities have also increased, but remain a manageable proportion of assets, suggesting responsible debt management.
The organization's spending efficiency appears robust, as evidenced by its consistent positive net income in most recent years (e.g., $1,254,643 in 2023 and $1,127,399 in 2022). The absence of reported officer compensation across all available filings is a notable indicator of transparency and potentially lower administrative overhead, suggesting that resources are primarily directed towards its mission. This practice enhances public trust and reflects a commitment to maximizing program impact.
Overall, the Flatiron 23 Rd Street Partnershipdistrict Management Association Inc exhibits a well-managed financial profile with strong growth, efficient operations, and a high degree of transparency regarding executive compensation. Its increasing revenue and asset base position it well for continued program delivery and expansion within its community.