Quick charity verification for Greater Mental Health Of New York Inc (EIN: 131740002)
Verdict: Greater Mental Health Of New York Inc appears trustworthy
85/100Mission Score
$44.6MRevenue
$35.3MAssets
1Red Flags
4Strengths
Red Flags
Operating deficit in the most recent fiscal year (2023), with expenses exceeding revenue by over $2.3 million.
Strengths
Consistent and significant revenue growth over the past decade, from $15.5M in 2014 to $33.2M in 2023.
No reported officer compensation across all 13 filings, indicating high efficiency and mission focus.
Steady growth in assets, from $18.7M in 2014 to $31.0M in 2023, demonstrating financial stability.
Long history of IRS 990 filings (13 periods), indicating strong transparency and compliance.
Spending Breakdown
How Greater Mental Health Of New York Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Greater Mental Health Of New York Inc
Is Greater Mental Health Of New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Mental Health Of New York Inc (EIN: 131740002) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Greater Mental Health Of New York Inc a good charity to donate to?
Greater Mental Health Of New York Inc has a Mission Score of 85/100. Revenue: $44.6M. Assets: $35.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Mental Health Of New York Inc?
The Employer Identification Number (EIN) for Greater Mental Health Of New York Inc is 131740002. 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 Greater Mental Health Of New York Inc spend its money?
Greater Mental Health Of New York Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Mental Health Of New York Inc's tax-exempt status?
You can verify Greater Mental Health Of New York Inc's tax-exempt status using EIN 131740002 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
Greater Mental Health Of New York Inc demonstrates a generally stable financial health, with consistent revenue growth over the past decade, increasing from $15.5 million in 2014 to $33.2 million in 2023. While the organization experienced a deficit in 2023, with expenses exceeding revenue by over $2.3 million, this follows several years of operating surpluses. The organization's assets have also grown steadily, indicating a solid financial foundation. A notable aspect of their financial management is the reported 0% officer compensation across all available filings, which suggests a commitment to directing funds towards their mission rather than executive salaries. This practice enhances their transparency and efficiency profile.
Spending efficiency appears strong given the lack of reported officer compensation. However, without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, a precise assessment of spending efficiency is challenging. The consistent growth in both revenue and assets, alongside the absence of executive compensation, suggests a well-managed organization focused on its mission. The deficit in 2023 warrants monitoring but does not immediately indicate a systemic issue, especially given the overall growth trend.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. The 0% officer compensation is a highly transparent practice that builds trust. To further enhance transparency, a more detailed breakdown of functional expenses would be beneficial for external stakeholders to fully understand how funds are allocated across programs, administration, and fundraising.