Quick charity verification for Neue Galerie New York (EIN: 134047433)
Verdict: Neue Galerie New York appears trustworthy
85/100Mission Score
$26.9MRevenue
$116.0MAssets
2Red Flags
3Strengths
Red Flags
Significant revenue volatility, with a peak of $101M in 2015 and a low of $18K in 2020, indicating potential reliance on infrequent large donations.
Consistent reporting of 0% officer compensation for an organization with over $100M in assets, which is highly unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
Substantial and stable asset base, with latest assets at $116,013,575, providing financial security.
Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds away from executive salaries.
Generally positive net income in recent years (e.g., $23.8M revenue vs. $20.5M expenses in 2023), demonstrating financial health.
Spending Breakdown
How Neue Galerie New York 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 Neue Galerie New York
Is Neue Galerie New York a legitimate charity?
Based on AI analysis of IRS 990 filings, Neue Galerie New York (EIN: 134047433) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Neue Galerie New York a good charity to donate to?
Neue Galerie New York has a Mission Score of 85/100. Revenue: $26.9M. Assets: $116.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Neue Galerie New York?
The Employer Identification Number (EIN) for Neue Galerie New York is 134047433. 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 Neue Galerie New York spend its money?
Neue Galerie New York allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Neue Galerie New York's tax-exempt status?
You can verify Neue Galerie New York's tax-exempt status using EIN 134047433 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
Neue Galerie New York demonstrates a generally stable financial position with significant assets, though its revenue has fluctuated considerably over the past decade. For instance, revenue peaked at over $101 million in 2015 but was as low as $18,242 in 2020, indicating reliance on large, infrequent contributions or specific fundraising events. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. While specific program spending percentages are not detailed in the provided data, the consistent reporting of zero officer compensation suggests a healthy approach to executive compensation transparency. The organization's assets have remained substantial, ranging from $105 million to $291 million, providing a solid financial cushion.