Is Museum Of The City Of New York Legit?

Quick charity verification for Museum Of The City Of New York (EIN: 131624098)

Verdict: Museum Of The City Of New York appears trustworthy

75/100Mission Score

$21.2MRevenue

$69.7MAssets

2Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which is atypical for an organization of this size and warrants further investigation into how executive pay is disclosed.
Periods of deficit spending where expenses exceeded revenue, such as in 2019 ($15,899,669 expenses vs. $13,236,438 revenue) and 2018 ($15,590,541 expenses vs. $12,059,385 revenue), though recent years show improvement.

Strengths

Strong asset growth, increasing from $57,067,807 in 2020 to $68,393,198 in 2023.
Positive net income in recent years, with 2023 revenue ($17,403,955) exceeding expenses ($16,829,041).
Relatively low liabilities compared to assets, indicating good financial health and solvency.
Consistent revenue generation over a long period, demonstrating resilience and donor support.

Spending Breakdown

How Museum Of The City Of New York 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 Museum Of The City Of New York

Is Museum Of The City Of New York a legitimate charity?

Based on AI analysis of IRS 990 filings, Museum Of The City Of New York (EIN: 131624098) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.

Is Museum Of The City Of New York a good charity to donate to?

Museum Of The City Of New York has a Mission Score of 75/100. Revenue: $21.2M. Assets: $69.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Museum Of The City Of New York?

The Employer Identification Number (EIN) for Museum Of The City Of New York is 131624098. 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 Museum Of The City Of New York spend its money?

Museum Of The City Of New York allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Museum Of The City Of New York's tax-exempt status?

You can verify Museum Of The City Of New York's tax-exempt status using EIN 131624098 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 Museum Of The City Of New York demonstrates a generally stable financial position with consistent revenue streams and growing assets. Over the past five years, the organization has seen its assets increase from $57,067,807 in 2020 to $68,393,198 in 2023, indicating sound financial management and growth. While there have been periods where expenses exceeded revenue, such as in 2019 ($15,899,669 expenses vs. $13,236,438 revenue) and 2018 ($15,590,541 expenses vs. $12,059,385 revenue), the most recent filings show a positive net income, with revenue of $17,403,955 exceeding expenses of $16,829,041 in 2023. This suggests a return to fiscal health and sustainable operations.

The organization's spending efficiency appears reasonable, though specific program, administrative, and fundraising expense breakdowns are not provided in the summary data. However, the consistent growth in assets and the ability to manage liabilities, which have remained relatively low compared to assets (e.g., $2,707,727 liabilities against $68,393,198 assets in 2023), point to responsible financial stewardship. The absence of reported officer compensation in the provided data for all periods is notable and could indicate either a highly volunteer-driven leadership or that compensation is reported differently or below a certain threshold, which warrants further investigation for full transparency. Overall, the museum appears to be a well-managed entity with a solid financial foundation.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.