Is Good Old Lower East Side Inc Legit? —…

Quick charity verification for Good Old Lower East Side Inc (EIN: 132915659)

Strengths

Consistent and significant revenue growth over the past decade, from $920,065 in 2012 to $3,893,207 currently.
Strong asset growth, increasing from $615,999 in 2012 to $5,646,789, indicating robust financial health and capacity.
Zero reported officer compensation across all available filings, suggesting a high dedication to mission-focused spending.
Consistent operational surpluses, with revenue exceeding expenses in most reported periods (e.g., 2022 revenue of $2,644,368 vs. expenses of $2,120,361).
Low liabilities relative to assets, contributing to overall financial stability.

Spending Breakdown

How Good Old Lower East Side 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

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 Good Old Lower East Side Inc

Is Good Old Lower East Side Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Good Old Lower East Side Inc (EIN: 132915659) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Good Old Lower East Side Inc a good charity to donate to?

Good Old Lower East Side Inc has a Mission Score of 90/100. Revenue: $3.9M. Assets: $5.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Good Old Lower East Side Inc?

The Employer Identification Number (EIN) for Good Old Lower East Side Inc is 132915659. 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 Good Old Lower East Side Inc spend its money?

Good Old Lower East Side Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Good Old Lower East Side Inc's tax-exempt status?

You can verify Good Old Lower East Side Inc's tax-exempt status using EIN 132915659 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

Good Old Lower East Side Inc (GOLES) demonstrates a strong and consistent financial trajectory, with revenue growing from $920,065 in 2012 to $2,644,368 in 2022, and reaching $3,893,207 in its latest reported period. The organization consistently operates with a surplus, as evidenced by its 2022 revenue of $2,644,368 exceeding expenses of $2,120,361, contributing to a healthy growth in assets from $615,999 in 2012 to $5,646,789 currently. This sustained growth in assets and revenue indicates effective financial management and increasing capacity to fulfill its mission.

GOLES appears to be highly efficient in its spending, with a significant portion of its expenses likely directed towards program services, given the consistent surpluses and asset growth. The absence of reported officer compensation across all available filings suggests a strong commitment to directing resources towards its mission rather than executive salaries, which is a positive indicator of financial stewardship. The organization's liabilities have remained relatively low compared to its assets, further reinforcing its financial stability.

While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial health, consistent growth, and zero reported officer compensation point towards a well-managed and transparent organization. The increasing asset base provides a solid foundation for future program expansion and long-term sustainability, making GOLES appear to be a financially sound and responsible nonprofit.

Is Good Old Lower East Side Inc Legit?

Verdict: Good Old Lower East Side Inc appears trustworthy

Red Flags