Is General Contractors Association Of N Y Inc Legit?
Quick charity verification for General Contractors Association Of N Y Inc (EIN: 130762390)
Verdict: General Contractors Association Of N Y Inc appears trustworthy
75/100Mission Score
$10.6MRevenue
$7.5MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate compensation is reported in less transparent categories or through related entities.
Significant increase in liabilities from $4.28M in 2021 to $6.26M in 2023, warranting further investigation into the nature of these obligations.
Strengths
Consistent financial surpluses in recent years (e.g., $176,749 in 2023 and $265,086 in 2022), indicating sound financial management.
Healthy and growing asset base, increasing from $5.22M in 2021 to $7.63M in 2023.
Stable revenue generation over multiple years, demonstrating financial resilience.
Spending Breakdown
How General Contractors Association Of N Y Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 General Contractors Association Of N Y Inc
Is General Contractors Association Of N Y Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, General Contractors Association Of N Y Inc (EIN: 130762390) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is General Contractors Association Of N Y Inc a good charity to donate to?
General Contractors Association Of N Y Inc has a Mission Score of 75/100. Revenue: $10.6M. Assets: $7.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for General Contractors Association Of N Y Inc?
The Employer Identification Number (EIN) for General Contractors Association Of N Y Inc is 130762390. 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 General Contractors Association Of N Y Inc spend its money?
General Contractors Association Of N Y Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify General Contractors Association Of N Y Inc's tax-exempt status?
You can verify General Contractors Association Of N Y Inc's tax-exempt status using EIN 130762390 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 General Contractors Association Of N Y Inc demonstrates consistent financial operations, with revenues generally exceeding expenses in recent years. For instance, in 2023, revenue was $4,091,627 against expenses of $3,914,878, indicating a surplus. The organization maintains a healthy asset base, growing from $5,224,579 in 2021 to $7,631,899 in 2023, though liabilities have also increased, suggesting a reliance on debt or deferred revenue. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial transparency and operational structure, indicating that top leadership is not directly compensated through this mechanism, or compensation is reported differently. This practice could be seen as a strength in terms of minimizing administrative overhead related to executive pay.
While the provided data doesn't detail the breakdown of program, administrative, and fundraising expenses, the overall financial health appears stable with a positive net asset position. The organization's ability to manage its finances to consistently generate a surplus, as seen in 2023 and 2022, allows for reinvestment or accumulation of reserves. However, without a detailed functional expense breakdown, it's challenging to fully assess spending efficiency and the proportion of funds directly allocated to its mission-related activities versus overhead. The significant increase in assets from 2021 to 2023, alongside a corresponding rise in liabilities, warrants further investigation to understand the nature of these financial movements.