Quick charity verification for Memorial Hospital Albany Ny (EIN: 141338457)
Verdict: Memorial Hospital Albany Ny shows mixed signals
40/100Mission Score
$44.7MRevenue
$0Assets
4Red Flags
2Strengths
Red Flags
Latest filing shows a dramatic revenue decrease from over $100 million to $44.7 million.
Zero assets reported in the latest filing, a significant departure from historical asset levels.
Consistent 0% officer compensation across all filings, which is unusual for an organization of this scale.
Lack of detailed spending breakdown in the provided data prevents a thorough efficiency analysis.
Strengths
Historically, the organization maintained positive net assets, indicating financial stability over many years (e.g., $57.7M assets vs. $24.1M liabilities in 2018).
Prior to the latest filing, expenses were generally managed below revenue, indicating operational surpluses (e.g., $104.7M revenue vs. $96.3M expenses in 2018).
Spending Breakdown
How Memorial Hospital Albany Ny 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 Memorial Hospital Albany Ny
Is Memorial Hospital Albany Ny a legitimate charity?
Based on AI analysis of IRS 990 filings, Memorial Hospital Albany Ny (EIN: 141338457) shows mixed signals. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
Is Memorial Hospital Albany Ny a good charity to donate to?
Memorial Hospital Albany Ny has a Mission Score of 40/100. Revenue: $44.7M. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Memorial Hospital Albany Ny?
The Employer Identification Number (EIN) for Memorial Hospital Albany Ny is 141338457. 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 Memorial Hospital Albany Ny spend its money?
Memorial Hospital Albany Ny allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Memorial Hospital Albany Ny's tax-exempt status?
You can verify Memorial Hospital Albany Ny's tax-exempt status using EIN 141338457 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
Memorial Hospital Albany NY exhibits a concerning trend in its latest reported revenue, dropping from over $100 million in prior years to $44.7 million. This significant decrease, coupled with zero reported assets in the latest filing, raises immediate questions about the organization's current operational status and financial stability. Historically, the organization maintained substantial assets, ranging from $45 million to $65 million, and consistently generated revenues well over $80 million. The sudden and drastic change in the most recent data point suggests a major restructuring, cessation of operations, or an error in the latest filing, which significantly impacts the assessment of its financial health.
Prior to the latest filing, Memorial Hospital Albany NY generally demonstrated sound financial management, with expenses consistently below revenue, indicating operational surpluses. For instance, in 2018, it reported revenue of $104.7 million against expenses of $96.3 million. The absence of reported officer compensation across all available filings suggests either a volunteer-led executive team or that compensation is reported under different categories, which could impact transparency. The lack of detailed spending breakdowns in the provided data prevents a precise assessment of spending efficiency across programs, administration, and fundraising, but the overall financial picture has drastically shifted with the most recent data.