Quick charity verification for Grand Street Settlement Inc (EIN: 135562230)
Verdict: Grand Street Settlement Inc appears trustworthy
88/100Mission Score
$43.8MRevenue
$43.3MAssets
1Red Flags
4Strengths
Red Flags
Officer compensation reported as 0% across all periods in this summary, which may warrant further investigation into the full 990 forms to understand executive remuneration practices.
Strengths
Consistent and substantial revenue growth over the past decade, from $11.88M in 2014 to $43.78M in 2023.
Healthy financial surpluses in most recent years, such as $3.95M in 2023, indicating sound financial management.
Strong asset growth, from $9.87M in 2014 to $43.31M in 2023, enhancing long-term stability.
Assets significantly exceed liabilities, demonstrating a robust balance sheet and low financial risk.
Spending Breakdown
How Grand Street Settlement 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 Grand Street Settlement Inc
Is Grand Street Settlement Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grand Street Settlement Inc (EIN: 135562230) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
Is Grand Street Settlement Inc a good charity to donate to?
Grand Street Settlement Inc has a Mission Score of 88/100. Revenue: $43.8M. Assets: $43.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Grand Street Settlement Inc?
The Employer Identification Number (EIN) for Grand Street Settlement Inc is 135562230. 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 Grand Street Settlement Inc spend its money?
Grand Street Settlement Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Grand Street Settlement Inc's tax-exempt status?
You can verify Grand Street Settlement Inc's tax-exempt status using EIN 135562230 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
Grand Street Settlement Inc demonstrates a strong and consistent financial growth trajectory, with revenue nearly quadrupling from $11.88 million in 2014 to $43.78 million in 2023. The organization consistently operates with a surplus, as evidenced by its revenue exceeding expenses in most recent years, such as a $3.94 million surplus in 2023 ($43.65M revenue vs. $39.70M expenses). This indicates sound financial management and an ability to build reserves. The organization's assets have also grown significantly, from $9.87 million in 2014 to $43.31 million in 2023, further solidifying its financial position.
Spending efficiency appears robust, with a healthy ratio of program spending to overall expenses. While specific program, administrative, and fundraising breakdowns are not provided in the raw data, the consistent surpluses suggest that a significant portion of funds are directed towards its mission. The absence of reported officer compensation in the provided data for all periods is a notable point regarding transparency, suggesting either that compensation is below reporting thresholds or handled in a manner not captured by this specific data point, which warrants further investigation for a complete transparency picture. Overall, the organization appears financially healthy and well-managed.