Quick charity verification for Leadingage New York Inc (EIN: 136260145)
Verdict: Leadingage New York Inc appears trustworthy
85/100Mission Score
$6.4MRevenue
$4.5MAssets
2Red Flags
4Strengths
Red Flags
Consistent operating deficits in recent years (e.g., $597,406 in 2023, $227,483 in 2022)
Increasing trend in liabilities, reaching $2,350,284 in 2023
Strengths
No officer compensation reported across all filings, indicating high dedication to mission
Stable asset base, generally between $4.3 million and $5.6 million over the past decade
Consistent revenue generation, typically in the $2.8 million to $3.8 million range
Long filing history (13 filings) demonstrating sustained operations
Spending Breakdown
How Leadingage New York 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 Leadingage New York Inc
Is Leadingage New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Leadingage New York Inc (EIN: 136260145) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Leadingage New York Inc a good charity to donate to?
Leadingage New York Inc has a Mission Score of 85/100. Revenue: $6.4M. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Leadingage New York Inc?
The Employer Identification Number (EIN) for Leadingage New York Inc is 136260145. 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 Leadingage New York Inc spend its money?
Leadingage New York Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Leadingage New York Inc's tax-exempt status?
You can verify Leadingage New York Inc's tax-exempt status using EIN 136260145 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
Leadingage New York Inc demonstrates consistent financial operations, with revenues and expenses generally in the range of $2.8 million to $3.8 million over the past decade. While the organization has experienced deficits in several recent years, such as a $597,406 deficit in 2023 and a $227,483 deficit in 2022, its asset base has remained relatively stable, fluctuating between approximately $4.3 million and $5.6 million. The organization's liabilities have shown an increasing trend in recent years, reaching $2,350,284 in 2023, which warrants monitoring.
The organization's financial health appears stable, supported by a consistent revenue stream, although the recent trend of operating deficits suggests a need for careful expense management or revenue diversification. The absence of reported officer compensation across all available filings indicates a strong commitment to directing resources towards its mission, enhancing its spending efficiency. This also contributes positively to its transparency profile, as it suggests that leadership is not drawing direct salaries from the organization's funds.
Overall, Leadingage New York Inc exhibits a reasonable level of financial health, with a notable strength in its executive compensation practices. The recent deficits and increasing liabilities are areas to watch, but its consistent operations and asset base provide a foundation for continued service. The lack of officer compensation is a significant positive indicator of its dedication to mission-driven spending.