Quick charity verification for Manhattan School Of Music (EIN: 131656667)
Verdict: Manhattan School Of Music appears trustworthy
80/100Mission Score
$84.4MRevenue
$113.7MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% reported officer compensation, which is highly unusual for an organization of this size and could indicate a lack of transparency in executive pay reporting.
Fluctuating liabilities, which, while decreasing recently, warrant further investigation into their nature and management.
Strengths
Consistent revenue growth, increasing from $45.2 million in 2014 to $75.4 million in 2023, indicating strong financial health and fundraising capabilities.
Healthy asset base, growing from $91.3 million in 2014 to $109.1 million in 2023, demonstrating financial stability and capacity.
Consistent operational surplus, with revenues generally exceeding expenses, allowing for reinvestment and asset accumulation.
Strong financial resilience, evidenced by continued growth even through periods like 2020.
Spending Breakdown
How Manhattan School Of Music 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 Manhattan School Of Music
Is Manhattan School Of Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Manhattan School Of Music (EIN: 131656667) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
Is Manhattan School Of Music a good charity to donate to?
Manhattan School Of Music has a Mission Score of 80/100. Revenue: $84.4M. Assets: $113.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Manhattan School Of Music?
The Employer Identification Number (EIN) for Manhattan School Of Music is 131656667. 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 Manhattan School Of Music spend its money?
Manhattan School Of Music allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Manhattan School Of Music's tax-exempt status?
You can verify Manhattan School Of Music's tax-exempt status using EIN 131656667 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
Manhattan School Of Music demonstrates consistent financial growth and a healthy asset base. Over the past decade, revenue has steadily increased from $45.2 million in 2014 to $75.4 million in 2023, indicating strong fundraising and operational stability. The organization consistently operates with a surplus, as seen in the 2023 period where revenue of $75,485,674 exceeded expenses of $72,058,708, contributing to its growing assets which reached $109,153,715 in 2023.
Spending efficiency appears robust, with expenses generally tracking below revenue, allowing for reinvestment and asset accumulation. The consistent growth in assets, from $91.3 million in 2014 to over $109 million in 2023, suggests sound financial management and long-term sustainability. The reported 0% officer compensation across all filings is unusual and warrants further investigation to understand how executive leadership is compensated, as this could indicate compensation is reported under different categories or through related entities, impacting transparency.
Overall, the organization exhibits strong financial health with a positive trend in revenue and assets. However, the lack of reported officer compensation in the provided data is a notable point regarding transparency that could benefit from clarification to fully assess executive remuneration practices.