Quick charity verification for New York Academy Of Medicine (EIN: 131656674)
Verdict: New York Academy Of Medicine appears trustworthy
75/100Mission Score
$11.0MRevenue
$64.4MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and warrants further scrutiny for transparency.
Multiple years of operating deficits (e.g., 2015-2022), indicating that the organization was spending more than it earned for an extended period, though this trend reversed positively in 2023.
Strengths
Significant financial turnaround in 2023, reporting a $5.9 million surplus after several years of deficits.
Demonstrated ability to attract substantial funding, as evidenced by the $19.1 million revenue in 2023.
Long operating history with 13 years of available filings, indicating established presence and experience.
Spending Breakdown
How New York Academy Of Medicine allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
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 New York Academy Of Medicine
Is New York Academy Of Medicine a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Academy Of Medicine (EIN: 131656674) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is New York Academy Of Medicine a good charity to donate to?
New York Academy Of Medicine has a Mission Score of 75/100. Revenue: $11.0M. Assets: $64.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Academy Of Medicine?
The Employer Identification Number (EIN) for New York Academy Of Medicine is 131656674. 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 New York Academy Of Medicine spend its money?
New York Academy Of Medicine allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Academy Of Medicine's tax-exempt status?
You can verify New York Academy Of Medicine's tax-exempt status using EIN 131656674 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 New York Academy of Medicine demonstrates a generally stable financial position, with assets consistently in the tens of millions, peaking at $94.7 million in 2014 and currently at $66.5 million as of 2023. Revenue has fluctuated, showing a significant increase to $19.1 million in 2023 from $11.4 million in 2022, which is a positive trend after several years of revenue hovering around $10-13 million. Expenses have also varied, with the organization operating at a deficit in several years (e.g., $12.2 million in expenses against $11.4 million in revenue in 2022, and $16.4 million in expenses against $11.8 million in revenue in 2019), but achieving a substantial surplus of $5.9 million in 2023. This recent surplus indicates improved financial management or increased funding.
Spending efficiency appears to be improving, particularly with the latest filing showing expenses well below revenue. The organization consistently reports 0% officer compensation, which is highly unusual for an organization of this size and asset base, suggesting that executive compensation is either not reported in this section or is structured differently, or that the organization relies heavily on volunteer leadership. This lack of reported officer compensation could be seen as a transparency concern if key leadership is compensated but not disclosed in the typical manner, or a strength if it genuinely reflects a volunteer-led executive structure. The organization's NTEE code E050 (Medical Research) suggests a focus on programs that typically require significant operational investment.
Overall, the organization's financial health shows resilience and a positive turnaround in the most recent fiscal year. The consistent asset base provides a strong foundation. However, the lack of reported officer compensation across all filings warrants further investigation for complete transparency, as it deviates significantly from standard nonprofit reporting practices for organizations with multi-million dollar budgets and assets.