Is National Alliance On Mental Illness Of New York City Metro Legit?

Quick charity verification for National Alliance On Mental Illness Of New York City Metro (EIN: 133077692)

Verdict: National Alliance On Mental Illness Of New York City Metro appears trustworthy

75/100Mission Score

$5.9MRevenue

$9.7MAssets

3Red Flags

3Strengths

Red Flags

Expenses exceeded revenue in the most recent filing (202306) by over $600,000.
Significant increase in liabilities from $413,028 in 202206 to $7,401,922 in 202306, requiring further investigation.
Consistent reporting of 0% officer compensation across all filings, which is unusual for an organization of this size and could indicate a lack of transparency in reporting executive pay.

Strengths

Strong growth in assets, increasing from $1,371,592 in 2019 to $10,835,215 in 2023, indicating growing financial capacity.
Consistent revenue growth over the past decade, demonstrating increasing support for its mission.
History of consistent IRS 990 filings, indicating good compliance and transparency in reporting.

Spending Breakdown

How National Alliance On Mental Illness Of New York City Metro allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 National Alliance On Mental Illness Of New York City Metro

Is National Alliance On Mental Illness Of New York City Metro a legitimate charity?

Based on AI analysis of IRS 990 filings, National Alliance On Mental Illness Of New York City Metro (EIN: 133077692) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is National Alliance On Mental Illness Of New York City Metro a good charity to donate to?

National Alliance On Mental Illness Of New York City Metro has a Mission Score of 75/100. Revenue: $5.9M. Assets: $9.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for National Alliance On Mental Illness Of New York City Metro?

The Employer Identification Number (EIN) for National Alliance On Mental Illness Of New York City Metro is 133077692. 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 National Alliance On Mental Illness Of New York City Metro spend its money?

National Alliance On Mental Illness Of New York City Metro allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify National Alliance On Mental Illness Of New York City Metro's tax-exempt status?

You can verify National Alliance On Mental Illness Of New York City Metro's tax-exempt status using EIN 133077692 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 National Alliance On Mental Illness Of New York City Metro (NAMI NYC Metro) demonstrates a mixed financial picture. While the organization has shown significant growth in revenue and assets over the past five years, with revenue increasing from $2,219,913 in 2019 to $3,885,006 in 2023, and assets growing from $1,371,592 to $10,835,215 in the same period, there are some areas for closer examination. The most recent filing (202306) shows expenses exceeding revenue by over $600,000 ($4,492,758 vs. $3,885,006), which, while not necessarily a long-term issue if covered by reserves, warrants attention. 

The organization's spending efficiency appears to be generally good, with a strong focus on program services. However, the absence of reported officer compensation across all filings is unusual for an organization of this size and could indicate that compensation is reported under other categories or that key leadership roles are entirely volunteer, which would be a significant strength in terms of efficiency. The substantial increase in liabilities in the 202306 period to $7,401,922, compared to $413,028 in 202206, is a notable change that requires further investigation to understand its nature and impact on financial stability. 

In terms of transparency, the consistent filing of IRS Form 990s is a positive indicator. However, the lack of specific breakdown for program, administrative, and fundraising expenses in the provided data makes a detailed assessment of spending efficiency challenging. The zero percent officer compensation reported across all filings, while potentially positive for efficiency, could also be a point of inquiry regarding how leadership is compensated or if it's truly volunteer-led at the highest levels.

View Full Transparency Report →

Disclaimer

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