Is Glow Young Mens Christian Association Inc Legit?
Quick charity verification for Glow Young Mens Christian Association Inc (EIN: 160743230)
Verdict: Glow Young Mens Christian Association Inc shows mixed signals
60/100Mission Score
$7.8MRevenue
$42.6MAssets
4Red Flags
3Strengths
Red Flags
Significant operating deficit in 202308 ($12,085,191)
Dramatic increase in liabilities from $5.7M to $37.9M in one year (202208 to 202308)
Unusually high liabilities relative to assets in 202308 ($37.9M liabilities vs $41.2M assets)
Consistent 0% officer compensation reported, which is atypical for an organization of this size
Strengths
Substantial asset growth over the past decade, from $8.8M in 2014 to $42.5M currently
History of strong revenue generation in several periods (e.g., $7.6M in 202208, $6.3M in 201908)
Consistent filing of IRS 990 forms, indicating compliance with reporting requirements
Spending Breakdown
How Glow Young Mens Christian Association 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 Glow Young Mens Christian Association Inc
Is Glow Young Mens Christian Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glow Young Mens Christian Association Inc (EIN: 160743230) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
Is Glow Young Mens Christian Association Inc a good charity to donate to?
Glow Young Mens Christian Association Inc has a Mission Score of 60/100. Revenue: $7.8M. Assets: $42.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Glow Young Mens Christian Association Inc?
The Employer Identification Number (EIN) for Glow Young Mens Christian Association Inc is 160743230. 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 Glow Young Mens Christian Association Inc spend its money?
Glow Young Mens Christian Association Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Glow Young Mens Christian Association Inc's tax-exempt status?
You can verify Glow Young Mens Christian Association Inc's tax-exempt status using EIN 160743230 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
Glow Young Mens Christian Association Inc (Glow YMCA) exhibits a mixed financial picture. While the organization has seen significant asset growth, from $8.8 million in 2014 to over $42.5 million currently, its recent financial performance raises concerns. In the 202308 period, the organization reported expenses of $17,520,772 against revenues of $5,435,581, indicating a substantial operating deficit. This contrasts sharply with previous years, such as 202208, where revenue significantly exceeded expenses ($7,662,571 vs. $4,459,934).
The organization's transparency regarding executive compensation is high, with 0% reported for officer compensation across all available filings, suggesting either a volunteer leadership structure or that compensation is reported under other categories not specified in the provided data. However, the dramatic increase in liabilities to $37,905,022 in 202308, up from $5,726,804 in 202208, warrants further investigation. This substantial increase in debt, coupled with the large operating deficit, points to potential financial instability or significant capital projects that have yet to generate corresponding revenue. The lack of detailed spending breakdowns (program, admin, fundraising) in the provided data limits a full assessment of spending efficiency.