Quick charity verification for New York Cares Inc (EIN: 133444193)
Verdict: New York Cares Inc appears trustworthy
90/100Mission Score
$11.0MRevenue
$16.2MAssets
1Red Flags
5Strengths
Red Flags
Unusually low reported officer compensation (0%) for an organization of this size, which might warrant further investigation into how executive salaries are categorized if they exist.
Strengths
Consistent operating surpluses in most recent years (e.g., $1,873,766 in 202309).
Strong and stable revenue streams, consistently above $9 million annually since 201509.
Significant asset growth over the past decade, indicating financial stability.
Zero reported officer compensation across all filings, suggesting high efficiency in leadership compensation.
Low liabilities relative to assets, indicating a healthy balance sheet.
Spending Breakdown
How New York Cares 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 New York Cares Inc
Is New York Cares Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Cares Inc (EIN: 133444193) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is New York Cares Inc a good charity to donate to?
New York Cares Inc has a Mission Score of 90/100. Revenue: $11.0M. Assets: $16.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New York Cares Inc?
The Employer Identification Number (EIN) for New York Cares Inc is 133444193. 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 Cares Inc spend its money?
New York Cares Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New York Cares Inc's tax-exempt status?
You can verify New York Cares Inc's tax-exempt status using EIN 133444193 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
New York Cares Inc. demonstrates generally stable financial health, with revenues consistently exceeding expenses in most recent years, such as the 202309 period where revenue was $11,944,076 against expenses of $10,070,310. This indicates a healthy operating surplus. The organization's assets have also shown growth, reaching $12,422,660 in 202309, up from $10,727,239 in 202209, suggesting prudent financial management and accumulation of resources. The liabilities remain relatively low compared to assets, indicating a strong financial position.
Spending efficiency appears to be a strong point, particularly given the consistent program focus implied by their mission and the absence of reported officer compensation in all provided filings. This suggests that a significant portion of funds is likely directed towards their charitable activities rather than administrative overhead or executive salaries. The consistent revenue streams, generally above $10 million annually (excluding 201409), also point to effective fundraising and donor support.
Transparency is excellent, as evidenced by the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization is either volunteer-led at the highest levels or that executive compensation is reported under different categories, but the direct officer compensation line is consistently zero, which is a strong indicator of transparency regarding leadership pay. The regular filing of IRS Form 990s over 14 periods further reinforces their commitment to public accountability.