Quick charity verification for Long Island School For The Gifted (EIN: 112532703)
Verdict: Long Island School For The Gifted appears trustworthy
75/100Mission Score
$4.0MRevenue
$3.8MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and revenue, potentially indicating a lack of transparency in executive remuneration.
Significant increase in liabilities from $973,605 in 2021 to $3,755,031 in 2023, warranting further investigation into its nature and impact.
Strengths
Consistent revenue generation, generally between $3.6 million and $4.5 million annually, indicating stable operations.
Positive net income in most recent years, such as 2023 ($4,064,757 revenue vs. $3,829,128 expenses), demonstrating operational efficiency.
Growing asset base, reaching $5,125,004 in 2023, which could support future growth or provide financial stability.
Spending Breakdown
How Long Island School For The Gifted 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 Long Island School For The Gifted
Is Long Island School For The Gifted a legitimate charity?
Based on AI analysis of IRS 990 filings, Long Island School For The Gifted (EIN: 112532703) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Long Island School For The Gifted a good charity to donate to?
Long Island School For The Gifted has a Mission Score of 75/100. Revenue: $4.0M. Assets: $3.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Long Island School For The Gifted?
The Employer Identification Number (EIN) for Long Island School For The Gifted is 112532703. 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 Long Island School For The Gifted spend its money?
Long Island School For The Gifted allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Long Island School For The Gifted's tax-exempt status?
You can verify Long Island School For The Gifted's tax-exempt status using EIN 112532703 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 Long Island School For The Gifted demonstrates consistent financial activity, with revenues and expenses generally in the range of $3.6 million to $4.5 million over the past decade. The organization has shown a positive net income in most recent years, such as in 2023 where revenue of $4,064,757 exceeded expenses of $3,829,128. However, a notable aspect is the absence of reported officer compensation across all available filings, which could indicate that executive leadership is compensated through other means not categorized as 'officer compensation' or that the school operates with a volunteer executive structure, which is less common for an organization of this size. The significant increase in liabilities in recent years, reaching $3,755,031 in 2023, warrants further investigation to understand its nature and impact on long-term financial stability.
While the organization's assets have fluctuated, showing a substantial increase to $5,125,004 in 2023, the corresponding rise in liabilities means that the net assets (assets minus liabilities) have not grown as dramatically. The consistent revenue stream suggests a stable operational model, likely supported by tuition and related educational fees. The lack of reported officer compensation, while potentially a positive for spending efficiency, also raises questions about the transparency of executive remuneration practices if compensation is indeed being paid through other channels. Overall, the school appears financially stable in its operations, but the liability growth and compensation reporting warrant closer scrutiny for full transparency.