Quick charity verification for Knickerbocker Properties Inc Xliii (EIN: 201460024)
Verdict: Knickerbocker Properties Inc Xliii has notable concerns
10/100Mission Score
$3.9MRevenue
$69.9MAssets
3Red Flags
2Strengths
Red Flags
Consistent reporting of $0 expenses despite significant revenue and assets (e.g., $2,750,798 revenue and $69,378,835 assets in 2023).
Lack of transparency regarding operational costs and program spending.
Inability to assess spending efficiency or program impact due to missing expense data.
Strengths
Consistent growth in assets over several periods, from $24,947,064 in 2013 to $69,864,892 currently.
No reported officer compensation, indicating no direct executive salary burden on the organization.
Spending Breakdown
How Knickerbocker Properties Inc Xliii allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Knickerbocker Properties Inc Xliii
Is Knickerbocker Properties Inc Xliii a legitimate charity?
Based on AI analysis of IRS 990 filings, Knickerbocker Properties Inc Xliii (EIN: 201460024) has notable concerns. Mission Score: 10/100. 3 red flags identified, 2 strengths noted.
Is Knickerbocker Properties Inc Xliii a good charity to donate to?
Knickerbocker Properties Inc Xliii has a Mission Score of 10/100. Revenue: $3.9M. Assets: $69.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Knickerbocker Properties Inc Xliii?
The Employer Identification Number (EIN) for Knickerbocker Properties Inc Xliii is 201460024. 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 Knickerbocker Properties Inc Xliii spend its money?
Knickerbocker Properties Inc Xliii allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Knickerbocker Properties Inc Xliii's tax-exempt status?
You can verify Knickerbocker Properties Inc Xliii's tax-exempt status using EIN 201460024 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
Knickerbocker Properties Inc Xliii consistently reports zero expenses across all available filings, which is highly unusual for an organization with significant revenue and assets. For example, in 2023, it reported $2,750,798 in revenue and $69,378,835 in assets, yet $0 in expenses. This lack of reported expenses makes it impossible to assess spending efficiency or program impact. The organization also consistently reports 0% officer compensation, which, while positive for executive pay, further contributes to the mystery of how the organization operates without any reported costs. The NTEE code S470 (Low-Income Housing) suggests a mission that would typically incur substantial operational expenses, making the zero-expense reporting a significant red flag for financial transparency and accountability.