Is Medical Society Of The State Of New York Legit?
Quick charity verification for Medical Society Of The State Of New York (EIN: 131030760)
Verdict: Medical Society Of The State Of New York appears trustworthy
75/100Mission Score
$21.0MRevenue
$21.1MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may obscure actual leadership costs if compensation is categorized elsewhere.
Lack of detailed functional expense breakdown in summary data makes it difficult to fully assess program efficiency.
Strengths
Consistent financial stability with revenues generally matching expenses.
Long history of IRS 990 filings, demonstrating commitment to regulatory compliance.
Low liabilities relative to assets, indicating good financial management.
Spending Breakdown
How Medical Society Of The State Of New York 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 Medical Society Of The State Of New York
Is Medical Society Of The State Of New York a legitimate charity?
Based on AI analysis of IRS 990 filings, Medical Society Of The State Of New York (EIN: 131030760) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Medical Society Of The State Of New York a good charity to donate to?
Medical Society Of The State Of New York has a Mission Score of 75/100. Revenue: $21.0M. Assets: $21.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Medical Society Of The State Of New York?
The Employer Identification Number (EIN) for Medical Society Of The State Of New York is 131030760. 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 Medical Society Of The State Of New York spend its money?
Medical Society Of The State Of New York allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Medical Society Of The State Of New York's tax-exempt status?
You can verify Medical Society Of The State Of New York's tax-exempt status using EIN 131030760 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 Medical Society Of The State Of New York demonstrates consistent financial operations, with revenues and expenses generally balancing out over the past decade. For instance, in 2023, revenue was $6,695,868 against expenses of $6,689,483, indicating a near break-even operation. The organization maintains a healthy asset base, consistently above $18 million, reaching $21,519,017 in 2023, which provides a solid financial cushion. Liabilities are also managed, typically staying below $4 million.
Spending efficiency appears to be a key focus, as the organization consistently reports 0% officer compensation across all filings, suggesting that leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which could be a point of further inquiry for full transparency. The financial data provided does not offer a detailed breakdown of program, administrative, and fundraising expenses, making a precise assessment of spending efficiency challenging without further information from the full 990 forms. However, the consistent near break-even operations suggest careful management of resources.
Transparency regarding executive compensation is high, with the reported 0% officer compensation. However, without a detailed functional expense breakdown, it's difficult to fully assess how efficiently funds are allocated between programs, administration, and fundraising. The consistent filing of 990s over a decade demonstrates a commitment to regulatory compliance and basic financial transparency.