Is Nackey S Loeb School Of Communications Inc Legit?
Quick charity verification for Nackey S Loeb School Of Communications Inc (EIN: 20507891)
Verdict: Nackey S Loeb School Of Communications Inc appears trustworthy
90/100Mission Score
$715KRevenue
$4.4MAssets
1Red Flags
4Strengths
Red Flags
Significant unexplained asset fluctuation between 2017 and 2019, decreasing from over $42 million to $3 million.
Strengths
Consistent 0% officer compensation across all filing periods, indicating strong commitment to mission and transparency.
Significant revenue surplus in the latest filing period ($1,245,600 revenue vs. $258,950 expenses), demonstrating strong financial health.
Substantial asset base of $4,301,834 provides financial stability.
Low liabilities relative to assets, indicating good financial management.
Spending Breakdown
How Nackey S Loeb School Of Communications Inc 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 Nackey S Loeb School Of Communications Inc
Is Nackey S Loeb School Of Communications Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nackey S Loeb School Of Communications Inc (EIN: 20507891) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Nackey S Loeb School Of Communications Inc a good charity to donate to?
Nackey S Loeb School Of Communications Inc has a Mission Score of 90/100. Revenue: $715K. Assets: $4.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nackey S Loeb School Of Communications Inc?
The Employer Identification Number (EIN) for Nackey S Loeb School Of Communications Inc is 20507891. 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 Nackey S Loeb School Of Communications Inc spend its money?
Nackey S Loeb School Of Communications Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nackey S Loeb School Of Communications Inc's tax-exempt status?
You can verify Nackey S Loeb School Of Communications Inc's tax-exempt status using EIN 20507891 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 Nackey S Loeb School Of Communications Inc demonstrates strong financial health and program focus, particularly in its most recent filing period. In 2023, the organization reported revenue of $1,245,600 against expenses of $258,950, indicating a significant surplus that contributes to its substantial asset base of $4,301,834. This positive financial trend is a notable improvement from previous years where revenues were closer to expenses, such as in 2019 when expenses ($374,724) exceeded revenue ($366,602).
The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing resources towards its mission rather than executive salaries. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall low expense figures relative to revenue in recent years suggest efficient operations. The significant fluctuation in assets between 2017 ($42,817,910) and 2018 ($42,661,374) compared to the current $4,301,834 warrants further investigation to understand the nature of these changes, as it represents a substantial decrease in reported assets over time.
Overall, the Nackey S Loeb School Of Communications Inc appears to be a financially sound organization with a clear dedication to its mission, evidenced by its zero executive compensation and recent strong revenue performance. The substantial asset base provides a solid foundation for its operations, though the historical asset fluctuations are a point of interest for deeper analysis.