Quick charity verification for Healthcare Choices Ny Inc (EIN: 113488520)
Verdict: Healthcare Choices Ny Inc appears trustworthy
85/100Mission Score
$9.6MRevenue
$8.5MAssets
2Red Flags
4Strengths
Red Flags
No officer compensation reported across all 13 filings, which is unusual for an organization of this size and revenue.
Detailed functional expense breakdown (program, admin, fundraising) not explicitly provided in summary data, limiting granular spending efficiency analysis.
Strengths
Consistent operating surpluses, such as $345,449 in 2023, demonstrating strong financial management.
Significant asset growth from $2.4M in 2014 to $9.7M in 2023, indicating increasing financial capacity.
Long history of IRS 990 filings (13 periods), suggesting a commitment to regulatory compliance and transparency.
Revenues consistently exceeding expenses, indicating financial stability and sustainability.
Spending Breakdown
How Healthcare Choices Ny 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 Healthcare Choices Ny Inc
Is Healthcare Choices Ny Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Healthcare Choices Ny Inc (EIN: 113488520) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Healthcare Choices Ny Inc a good charity to donate to?
Healthcare Choices Ny Inc has a Mission Score of 85/100. Revenue: $9.6M. Assets: $8.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Healthcare Choices Ny Inc?
The Employer Identification Number (EIN) for Healthcare Choices Ny Inc is 113488520. 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 Healthcare Choices Ny Inc spend its money?
Healthcare Choices Ny Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Healthcare Choices Ny Inc's tax-exempt status?
You can verify Healthcare Choices Ny Inc's tax-exempt status using EIN 113488520 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
Healthcare Choices Ny Inc demonstrates consistent financial activity, with revenues generally exceeding expenses over the past several years. In 2023, the organization reported revenues of $10,661,081 against expenses of $10,315,632, indicating a healthy operating surplus. The organization's assets have also shown significant growth, increasing from $2,443,046 in 2014 to $9,716,518 in 2023, suggesting good financial management and capacity building. Liabilities have fluctuated but remain manageable relative to assets.
The organization's spending efficiency appears strong, as evidenced by the consistent surpluses and asset growth. While a detailed functional expense breakdown is not provided in the summary data, the overall financial health suggests that the majority of funds are likely directed towards its mission. The consistent filing of IRS 990 forms over 13 periods indicates a commitment to transparency, providing public access to their financial information.
However, the absence of reported officer compensation across all filings is a notable point regarding transparency. While it could indicate that no officers receive compensation, it's an area that typically warrants clear disclosure in a comprehensive transparency assessment. Further investigation into the detailed 990 forms would be necessary to fully understand the allocation of expenses and any potential related-party transactions.