Quick charity verification for Fund For The City Of New York Inc (EIN: 132612524)
Verdict: Fund For The City Of New York Inc appears trustworthy
70/100Mission Score
$67.0MRevenue
$172.1MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and may obscure true executive compensation.
Significant revenue decline from $126.4M in 2021 to $67.3M in 2023, warranting further investigation into funding stability.
Strengths
Strong asset base, consistently over $140 million in recent years, providing financial stability ($166,124,152 in 202309).
Generally operates with an annual surplus, indicating sound financial management (e.g., $67,312,664 revenue vs. $63,925,527 expenses in 202309).
Long history of IRS 990 filings (13 filings), suggesting consistent compliance and operational longevity.
Spending Breakdown
How Fund For The City Of New York Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 Fund For The City Of New York Inc
Is Fund For The City Of New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fund For The City Of New York Inc (EIN: 132612524) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Fund For The City Of New York Inc a good charity to donate to?
Fund For The City Of New York Inc has a Mission Score of 70/100. Revenue: $67.0M. Assets: $172.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Fund For The City Of New York Inc?
The Employer Identification Number (EIN) for Fund For The City Of New York Inc is 132612524. 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 Fund For The City Of New York Inc spend its money?
Fund For The City Of New York Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Fund For The City Of New York Inc's tax-exempt status?
You can verify Fund For The City Of New York Inc's tax-exempt status using EIN 132612524 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 Fund For The City Of New York Inc demonstrates a generally stable financial position with significant assets, though recent revenue has seen a notable decline from its peak. In the 202309 period, the organization reported revenues of $67,312,664 against expenses of $63,925,527, indicating a surplus. However, this is a substantial decrease from the $126,437,231 revenue reported in 202109. The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of this size and suggests that executive compensation might be reported under different categories or that key leadership roles are compensated through other means, potentially impacting transparency regarding top executive pay. Their asset base remains robust at $166,124,152 in 202309, providing a strong financial foundation.
The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. The consistent reporting of 0% officer compensation, while seemingly positive, raises questions about the true cost of leadership and could be a red flag for transparency if executive salaries are simply reclassified. The significant fluctuation in revenue, particularly the recent drop, warrants further investigation to understand its causes and potential impact on future operations. Despite these points, the organization consistently operates with a surplus in most years, indicating sound financial management in balancing income and expenditures.
Overall, while the organization appears financially sound with substantial assets and generally positive operating margins, the lack of detailed executive compensation and spending breakdown in the provided data limits a complete assessment of its transparency and spending efficiency. The consistent 0% officer compensation is a particularly unusual data point that merits closer scrutiny of their full IRS Form 990 filings.