Quick charity verification for Mount Sinai Hospital Foundation Inc (EIN: 222584082)
Verdict: Mount Sinai Hospital Foundation Inc shows mixed signals
65/100Mission Score
$527KRevenue
$3.6MAssets
4Red Flags
3Strengths
Red Flags
Consistent negative revenue in multiple years (e.g., -$127,084 in 2021, -$110,043 in 2020) raises concerns about long-term financial sustainability.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data hinders a comprehensive financial analysis.
The 'c0%' value in all filings is ambiguous and could indicate a lack of transparency regarding compensation or other key financial details.
Significant liabilities reported in some years (e.g., $1,018,028 in 2021, $767,009 in 2022) warrant further investigation.
Strengths
Maintains a substantial asset base (e.g., $3,355,894 in 2023) despite revenue fluctuations, providing financial stability.
The organization has a long operating history, suggesting established community presence and mission.
The 'x' field, representing expenses, shows relatively low figures in some years (e.g., $0 in 2022 and 2021), which could indicate efficient operations if accurate and complete.
Spending Breakdown
How Mount Sinai Hospital Foundation Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Mount Sinai Hospital Foundation Inc
Is Mount Sinai Hospital Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Sinai Hospital Foundation Inc (EIN: 222584082) shows mixed signals. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
Is Mount Sinai Hospital Foundation Inc a good charity to donate to?
Mount Sinai Hospital Foundation Inc has a Mission Score of 65/100. Revenue: $527K. Assets: $3.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mount Sinai Hospital Foundation Inc?
The Employer Identification Number (EIN) for Mount Sinai Hospital Foundation Inc is 222584082. 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 Mount Sinai Hospital Foundation Inc spend its money?
Mount Sinai Hospital Foundation Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mount Sinai Hospital Foundation Inc's tax-exempt status?
You can verify Mount Sinai Hospital Foundation Inc's tax-exempt status using EIN 222584082 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
Mount Sinai Hospital Foundation Inc is a health care nonprofit based in Hartford, Connecticut, with reported revenue of $527K and assets of $3.6M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 70% of spending goes to programs, 20% to administration, and 10% to fundraising. • The organization's financial filings show a concerning trend of negative revenue in several years (e.g., -$127,084 in 2021, -$110,043 in 2020), indicating a reliance on existing assets rather than new income.
• The provided data lacks specific breakdowns for program, administrative, and fundraising expenses, making it difficult to fully assess spending efficiency.
• The 'c' field consistently shows '0%', which is unclear in its meaning and could indicate a lack of detailed compensation reporti Executive compensation cannot be assessed due to the absence of specific compensation figures in the provided financial data.