Is Greenpoint Manufacturing And Design Center Local Development Corp Gmdc Legit?

Quick charity verification for Greenpoint Manufacturing And Design Center Local Development Corp Gmdc (EIN: 113132562)

Verdict: Greenpoint Manufacturing And Design Center Local Development Corp Gmdc appears trustworthy

85/100Mission Score
$7.8MRevenue
$68.4MAssets
1Red Flags
3Strengths

Red Flags

Strengths

Spending Breakdown

How Greenpoint Manufacturing And Design Center Local Development Corp Gmdc 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 Greenpoint Manufacturing And Design Center Local Development Corp Gmdc

Is Greenpoint Manufacturing And Design Center Local Development Corp Gmdc a legitimate charity?

Based on AI analysis of IRS 990 filings, Greenpoint Manufacturing And Design Center Local Development Corp Gmdc (EIN: 113132562) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.

Is Greenpoint Manufacturing And Design Center Local Development Corp Gmdc a good charity to donate to?

Greenpoint Manufacturing And Design Center Local Development Corp Gmdc has a Mission Score of 85/100. Revenue: $7.8M. Assets: $68.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Greenpoint Manufacturing And Design Center Local Development Corp Gmdc?

The Employer Identification Number (EIN) for Greenpoint Manufacturing And Design Center Local Development Corp Gmdc is 113132562. 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 Greenpoint Manufacturing And Design Center Local Development Corp Gmdc spend its money?

Greenpoint Manufacturing And Design Center Local Development Corp Gmdc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Greenpoint Manufacturing And Design Center Local Development Corp Gmdc's tax-exempt status?

You can verify Greenpoint Manufacturing And Design Center Local Development Corp Gmdc's tax-exempt status using EIN 113132562 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

Greenpoint Manufacturing And Design Center Local Development Corp (GMDC) demonstrates a generally sound financial position, with assets consistently exceeding liabilities across its filing history, indicating good long-term solvency. For instance, in 2023, assets were $68,216,932 against liabilities of $39,929,245. The organization's revenue has shown significant fluctuations, with peaks in 2018 ($16.2M) and 2021 ($14.5M), suggesting reliance on project-based funding or large grants. Despite these variations, GMDC has largely managed its expenses effectively, often operating with a surplus, as seen in 2023 where revenue of $6,472,967 exceeded expenses of $5,902,260. Spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings, which is highly unusual for an organization of its size and asset base. This suggests that executive leadership may be compensated through other means not categorized as 'officer compensation' on the 990, or that the organization relies heavily on volunteer leadership, which would be a significant strength in terms of resource allocation. The consistent growth in assets from $22.5M in 2013 to $68.2M in 2023 further underscores prudent financial management and capacity building. Transparency regarding executive compensation is a potential area for further inquiry, given the 0% reported officer compensation. While this could indicate a highly efficient, volunteer-led model, it's more common for organizations of this scale to have compensated leadership. Without further detail on how leadership is compensated, if at all, a full assessment of transparency in this specific area is challenging. However, the overall financial health, marked by asset growth and generally positive operating margins, points to a well-managed entity.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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