Is Hotel Association Of New York City Inc…

Quick charity verification for Hotel Association Of New York City Inc (EIN: 130855500)

Spending Breakdown

How Hotel Association Of New York City Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Hotel Association Of New York City Inc

Is Hotel Association Of New York City Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Hotel Association Of New York City Inc (EIN: 130855500) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.

Is Hotel Association Of New York City Inc a good charity to donate to?

Hotel Association Of New York City Inc has a Mission Score of 65/100. Revenue: $10.1M. Assets: $6.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hotel Association Of New York City Inc?

The Employer Identification Number (EIN) for Hotel Association Of New York City Inc is 130855500. 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 Hotel Association Of New York City Inc spend its money?

Hotel Association Of New York City Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hotel Association Of New York City Inc's tax-exempt status?

You can verify Hotel Association Of New York City Inc's tax-exempt status using EIN 130855500 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

The Hotel Association Of New York City Inc has experienced fluctuating financial performance over the past several years. In the most recent filing (202312), the organization reported revenues of $5,175,147 against expenses of $6,675,765, indicating a deficit of over $1.5 million. This continues a trend seen in 2022 and 2021 where expenses exceeded revenues. While the organization holds substantial assets, reported at $7,695,770 in 2023, its liabilities have also been significant, reaching $4,171,817 in the same period, suggesting a considerable portion of assets are offset by debt.

The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial transparency, indicating that top executives are not drawing salaries from the organization. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency. The organization's revenue has seen a decline from a peak of $11,300,972 in 2018 to $5,175,147 in 2023, which warrants closer examination of its financial sustainability and operational model.

Overall, while the lack of officer compensation is positive for transparency, the recurring deficits and significant liabilities raise questions about long-term financial health and the efficiency of resource allocation. A more detailed functional expense breakdown would be crucial for a comprehensive assessment of its spending efficiency and program focus.

Is Hotel Association Of New York City Inc Legit?

Verdict: Hotel Association Of New York City Inc shows mixed signals

Red Flags

Strengths